<SEC-DOCUMENT>0001193125-17-076922.txt : 20170309
<SEC-HEADER>0001193125-17-076922.hdr.sgml : 20170309
<ACCEPTANCE-DATETIME>20170309162549
ACCESSION NUMBER:		0001193125-17-076922
CONFORMED SUBMISSION TYPE:	40-F
PUBLIC DOCUMENT COUNT:		199
CONFORMED PERIOD OF REPORT:	20161231
FILED AS OF DATE:		20170309
DATE AS OF CHANGE:		20170309

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMERA INC
		CENTRAL INDEX KEY:			0001127248
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				868143132
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-54516
		FILM NUMBER:		17678832

	BUSINESS ADDRESS:	
		STREET 1:		1223 LOWER WATER ST., B-6TH FLOOR
		STREET 2:		P.O. BOX 910
		CITY:			HALIFAX
		STATE:			A5
		ZIP:			B3J 3S8
		BUSINESS PHONE:		902-428-6494

	MAIL ADDRESS:	
		STREET 1:		1223 LOWER WATER ST., B-6TH FLOOR
		STREET 2:		P.O. BOX 910
		CITY:			HALIFAX
		STATE:			A5
		ZIP:			B3J 3S8
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-F
<SEQUENCE>1
<FILENAME>d360590d40f.htm
<DESCRIPTION>FORM 40-F
<TEXT>
<HTML><HEAD>
<TITLE>Form 40-F</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT STYLE="white-space:nowrap">40-F</FONT> </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">&#9744; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman">&#9746; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
</P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top"><FONT STYLE="font-size:10pt">&nbsp;&nbsp;For the fiscal year ended December&nbsp;31, 2016</FONT></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commission File Number
<FONT STYLE="white-space:nowrap">000-54516</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:36pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">EMERA INCORPORATED </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Exact name of Registrant as specified in its charter) </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Nova Scotia, Canada </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Province or
other jurisdiction of incorporation or organization) </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">4911 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Primary Standard Industrial Classification Code Number (if applicable)) </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Not applicable </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">I.R.S. Employer
Identification Number (if applicable)) </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">5151 Terminal Road, 2nd Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">P.O. Box 910 Halifax NS Canada </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">B3J
2W5 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Telephone: (902) <FONT STYLE="white-space:nowrap">428-6096</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Address and telephone number of Registrant&#146;s principal executive offices) </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Emera US Finance LP </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">2711
Centerville Road, Suite 400 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Wilmington, Delaware 19808 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Telephone: (302) <FONT STYLE="white-space:nowrap">636-5400</FONT> </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">(Name, address (including zip code) and telephone number (including area code) </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">of agent for service in the United States) </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Securities registered or to be registered pursuant to Section 12(b) of the Act: Not applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Securities registered or to be registered pursuant to Section 12(g) of the Act: Not applicable. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center"><FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">Fixed-to-Floating</FONT></FONT> Subordinated Notes &#151; Series <FONT
STYLE="white-space:nowrap">2016-A</FONT> due June&nbsp;15, 2076 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">2.150% Senior Notes due 2019 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">2.700% Senior Notes due 2021 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">3.550%
Senior Notes due 2026 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">4.750% Senior Notes due 2046 </P>
<P STYLE="margin-top:30pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="justify">For annual reports, indicate by check mark the information filed with this Form: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9746; &nbsp;&nbsp;&nbsp;&nbsp;Annual
information form</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">&#9746; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Audited annual financial statements</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Number of outstanding shares of each of the issuer&#146;s classes of </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">capital or common stock as of December&nbsp;31, 2016: </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">210,024,389 Common Shares </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">3,864,636
Series A First Preferred Shares </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">2,135,364 Series B First Preferred Shares </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">10,000,000 Series C First Preferred Shares </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">5,000,000 Series E First Preferred Shares </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">8,000,000 Series F First Preferred Shares </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="justify">Indicate by check mark whether the Registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Exchange
Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2)&nbsp;has been subject to such filing requirements for the past 90 days. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp; &#9744;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp; &#9746; </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="justify">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data
File required to be submitted and posted pursuant to Rule 405 of Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to
submit and post such files). </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:9pt; font-family:Times New Roman" ALIGN="center">Yes&nbsp;&nbsp; &#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;
&#9744; </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certifications and Disclosure Regarding Controls and Procedures. </B></P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Certifications regarding controls and procedures. See Exhibits 99.6 and 99.7. </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Evaluation of disclosure controls and procedures. As of December&nbsp;31, 2016, an evaluation of the effectiveness of the Registrant&#146;s &#147;disclosure controls and procedures&#148; (as such term is defined in
Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(e)</FONT> of the United States Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)), was carried out by the Registrant&#146;s
Chief Executive Officer (&#147;CEO&#148;) and Chief Financial Officer (&#147;CFO&#148;). Based on that evaluation, the CEO and CFO have concluded that as of such date the Registrant&#146;s disclosure controls and procedures are effective to provide
a reasonable level of assurance that information required to be disclosed by the Registrant in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in United States
Securities and Exchange Commission (the &#147;Commission&#148;) rules and forms. </TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; margin-left:6%; font-size:10pt; font-family:Times New Roman">It should be noted that while the CEO and
CFO believe that the Registrant&#146;s disclosure controls and procedures provide a reasonable level of assurance that they are effective, they do not expect the disclosure controls and procedures or internal control over financial reporting to be
capable of preventing all errors and fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Management&#146;s annual report on internal control over financial reporting and attestation report of the registered public accounting firm. This annual report does not include a report of management&#146;s assessment
regarding internal control over financial reporting or an attestation report of the Registrant&#146;s registered public accounting firm due to a transition period established by rules of the Commission for U.S. registrants who are not yet subject to
the internal control over financial reporting requirements in Rule <FONT STYLE="white-space:nowrap">240.13a-15</FONT> or <FONT STYLE="white-space:nowrap">240.15d-15.</FONT> </TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Changes in internal control over financial reporting. This annual report does not include a discussion of changes, if any, in the Registrant&#146;s internal control over financial reporting that have materially
affected, or are reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting due to a transition period established by rules of the Commission for U.S. registrants who are not yet subject to the internal
control over financial reporting requirements in Rule <FONT STYLE="white-space:nowrap">240.13a-15</FONT> or <FONT STYLE="white-space:nowrap">240.15d-15.</FONT> </TD></TR></TABLE>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Audit Committee Financial Expert.</B> The Registrant&#146;s board of directors (the &#147;Board&#148;) has determined that four audit committee financial
experts serve on its Audit Committee. The audit committee financial experts are Andrea S. Rosen, James D. Eisenhauer, B. Lynn Loewen and Donald A. Pether. The Board has determined that Andrea S. Rosen, James D. Eisenhauer, B. Lynn Loewen and Donald
A. Pether are independent within the meaning of the listing standards of the New York Stock Exchange. The Commission has indicated that the designation of a person as an audit committee financial expert does not make such person an
&#147;expert&#148; for any purpose, impose any duties, obligations or liability on such person that are greater than those imposed on members of the audit committee and board of directors who do not carry this designation, or affect the duties,
obligations or liability of any other member of the audit committee or board of directors. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Code of Ethics.</B> The Emera Code of Conduct became
effective on July&nbsp;1, 2016 (the &#147;Code&#148;) and applies to all directors, officers and employees of the Registrant, including the CEO and CFO. Since the adoption of the Code, there have not been any waivers, including implied waivers, from
any provision of the Code. A copy of the Code can be found on Emera&#146;s internet website at the following address: http://www.emera.com/en/home/companygovernance/emera-ethics-compliance.aspx. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Principal Accountant Fees and Services.</B> The information provided under the headings &#147;Directors and Officers&#151;Audit and <FONT
STYLE="white-space:nowrap">Non-Audit</FONT> Services <FONT STYLE="white-space:nowrap">Pre-Approval</FONT> Process&#148; and &#147;Directors and Officers&#151;Auditors&#146; Fees&#148; contained in the Registrant&#146;s Annual Information Form for
the fiscal year ended December&nbsp;31, 2016, filed as Exhibit 99.1 hereto (the &#147;Annual Information Form&#148;) is incorporated by reference herein. The Registrant&#146;s Audit Committee approved all of the Audit-Related and Tax services
provided by Ernst&nbsp;&amp; Young LLP in 2016 and none were approved pursuant to the de minimus exception provided by Section (c)(7)(i)(C) of Rule <FONT STYLE="white-space:nowrap">2-01</FONT> of Regulation
<FONT STYLE="white-space:nowrap">S-X.</FONT> </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><FONT STYLE="white-space:nowrap">Off-Balance</FONT> Sheet Arrangements.</B> The information provided
under the heading <FONT STYLE="white-space:nowrap">&#147;Off-Balance</FONT> Sheet Arrangements&#148; contained in the Registrant&#146;s Management&#146;s Discussion and Analysis dated February&nbsp;10, 2017 for the year ended December&nbsp;31, 2016,
filed as Exhibit 99.2 hereto (&#147;the MD&amp;A&#148;) and the information provided at note 28 (&#147;E. Guarantees and Letters of Credit&#148;) and note 33 (&#147;Variable Interest Entities&#148;) to the Audited Consolidated Financial Statements
as at and for the years ended December&nbsp;31, 2016 and December&nbsp;31, 2015, filed as Exhibit 99.3 hereto (the &#147;Financial Statements&#148;), are incorporated by reference herein. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Tabular Disclosure of Contractual Obligations.</B> The information provided under the heading &#147;Contractual Obligations&#148; contained in the MD&amp;A
is incorporated by reference herein and the information provided at note 28 (&#147;A. Commitments&#148;) and note 26 (&#147;Long-Term Debt&#148;) to the Financial Statements, are incorporated by reference herein. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Identification of the Audit Committee.</B> The information provided under the heading &#147;Directors and
Officers&#151;Audit Committee&#148; contained in the Annual Information Form is incorporated by reference herein. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Mine Safety Disclosure.</B> Neither
the Registrant nor any of its subsidiaries is the &#147;operator&#148; of any &#147;coal or other mine&#148;, as those terms are defined in section 3 of the Federal Mine Safety and Health Act of 1977 (30 U.S.C. 802), that is subject to the
provisions of such Act (30 U.S.C. 801 et seq.). Therefore, the provisions of Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 16 of General Instruction B to Form <FONT STYLE="white-space:nowrap">40-F</FONT>
requiring disclosure concerning mine safety violations and other regulatory matters do not apply to the Registrant or any of its subsidiaries. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBIT INDEX </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom"><B><U>Exhibit<BR>Number</U></B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><B><U>Description</U></B></TD></TR>


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<TD HEIGHT="13" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">2016 Annual Information Form dated March 9, 2017 for the fiscal year ended December&nbsp;31, 2016</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Management&#146;s Discussion and Analysis dated February&nbsp;10, 2017 for the year ended December&nbsp;31, 2016</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Audited Consolidated Financial Statements as at and for the years ended December&nbsp;31, 2016 and December&nbsp;31, 2015</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Consent of Independent Registered Public Accounting Firm</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.5</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certification of Chief Executive Officer pursuant to Rule <FONT STYLE="white-space:nowrap">13a-14(a)</FONT> or <FONT STYLE="white-space:nowrap">15d-14(a)</FONT> of the U.S. Securities Exchange Act of 1934, as amended</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.6</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certification of Chief Financial Officer pursuant to Rule <FONT STYLE="white-space:nowrap">13a-14(a)</FONT> or <FONT STYLE="white-space:nowrap">15d-14(a)</FONT> of the U.S. Securities Exchange Act of 1934, as amended</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.7</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certification of Chief Executive Officer pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">99.8</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Certification of Chief Financial Officer pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">101</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Interactive Data File</TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>UNDERTAKING AND CONSENT TO SERVICE OF PROCESS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish
promptly, when requested to do so by the Commission staff, information relating to the securities in relation to which the obligation to file an annual report on Form <FONT STYLE="white-space:nowrap">40-F</FONT> arises or transactions in said
securities. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Registrant has previously filed a Form <FONT STYLE="white-space:nowrap">F-X</FONT> in connection with the class of securities in relation
to which the obligation to file this report arises. </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any change to the name or address of a Registrant&#146;s agent for service shall be communicated
promptly to the Commission by amendment to Form <FONT STYLE="white-space:nowrap">F-X</FONT> referencing the file number of the Registrant. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">3 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form <FONT
STYLE="white-space:nowrap">40-F</FONT> and has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly authorized. </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DATED this 9th day of March, 2017. </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="right"><B>EMERA INCORPORATED</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="49"></TD></TR>
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<TD VALIGN="top" ALIGN="right"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">By:&nbsp;&nbsp;<U>/s/ Christopher G. Huskilson</U></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Name:&nbsp;&nbsp;Christopher G. Huskilson</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">Title:&nbsp;&nbsp;President&nbsp;&amp; Chief Executive Officer</P></TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d360590dex991.htm
<DESCRIPTION>2016 ANNUAL INFORMATION FORM
<TEXT>
<HTML><HEAD>
<TITLE>2016 Annual Information Form</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt;margin-bottom:0pt" ALIGN="center">


<IMG SRC="g360590ex99-1cov.jpg" ALT="LOGO">
 </P> <P STYLE="font-family:ARIAL; font-size:0.5pt"><FONT COLOR="#FFFFFF">2016 </FONT><br><FONT STYLE="font-family:ARIAL; font-size:0.5pt" COLOR="#FFFFFF">Annual Information Form </FONT><br><FONT
STYLE="font-family:ARIAL; font-size:0.5pt" COLOR="#FFFFFF">Emera Incorporated </FONT><br><FONT STYLE="font-family:ARIAL; font-size:0.5pt" COLOR="#FFFFFF">March&nbsp;9, 2017
</FONT><br><FONT STYLE="font-family:ARIAL; font-size:0.5pt" COLOR="#FFFFFF">Emera </FONT></P>

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<TD WIDTH="39%"></TD>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>TABLE OF CONTENTS </B></FONT></P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">DEFINITIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">2</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">11</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">INTRODUCTION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">13</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">CORPORATE STRUCTURE</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">14</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">GENERAL DEVELOPMENT OF THE BUSINESS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">15</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Financing Activity</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">22</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Changes in Business Expected During 2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">23</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">DESCRIPTION OF THE BUSINESS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">27</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Emera Florida and New Mexico</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">28</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Nova Scotia Power</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">31</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Emera Maine</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">33</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Emera Energy</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">39</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Corporate and Other</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">42</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Risk Factors</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">43</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">CAPITAL STRUCTURE</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">43</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Common Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">43</TD></TR>
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<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Emera First Preferred Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">44</TD></TR>
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<TD HEIGHT="5"></TD>
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<TD VALIGN="top">Emera Second Preferred Shares</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">50</TD></TR>
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<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Share Ownership Restrictions</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">50</TD></TR>
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<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">DIVIDENDS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">51</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Credit Ratings</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">53</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">MARKET FOR SECURITIES</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">54</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Trading Price and Volume</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">54</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">TRANSFER AGENT AND REGISTRAR</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">57</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">DIRECTORS AND OFFICERS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">58</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">CERTAIN PROCEEDINGS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">64</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">LEGAL PROCEEDINGS AND REGULATORY ACTIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">64</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">NO INTEREST OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">64</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">MATERIAL CONTRACTS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">65</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">EXPERTS</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">65</TD></TR>
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<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">ADDITIONAL INFORMATION</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">65</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top">Appendix &#147;A&#148; Emera Incorporated Audit Committee Charter</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="right">66</TD></TR>
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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>DEFINITIONS </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">For convenience, terms used throughout this 2016 AIF of Emera Incorporated shall have the following meanings: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;2016 Order&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the June 2016 NMPRC order;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;2019 Notes&#148;</FONT></B> means the USD$500 million aggregate principal amount of
2.15% Senior Notes due 2019; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;2021 Notes&#148;</FONT></B> means the USD$750 million
aggregate principal amount of 2.70% Senior Notes due 2021; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;2026 Notes&#148;</FONT></B>
means the USD$750 million aggregate principal amount of 3.55% Senior Notes due 2026; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;2046
Notes&#148;</FONT></B> means the USD$1.25 billion aggregate principal amount of 4.75% Senior Notes due 2046; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Acquisition Credit Facilities&#148;</FONT></B> means the Company&#146;s non-revolving term credit facilities from a syndicate of banks in an aggregate principal amount of USD$6.5 billion; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Adjusted net income&#148;</FONT></B> means net income attributable to common shareholders, as
defined by USGAAP excluding the effect of after-tax mark-to-market adjustments related to certain derivative instruments, the mark-to-market adjustments included in Emera&#146;s equity income related to the business activities of Bear Swamp, the
mark-to-market adjustments related to an interest rate swap in EBPC, the mark-to-market adjustments related to the effect of USD-denominated currency and forward contracts put in place to economically hedge the anticipated proceeds from the
Debenture Offering for the TECO Transaction and the mark-to-market adjustments included in Emera Energy&#146;s margin, including adjustments related to the price differential between the point where natural gas is sourced and where it is delivered
and the amortization of transportation capacity recognized as a result of certain marketing and trading transactions. See the &#147;Non-GAAP Financial Measures&#148; section of the MD&amp;A for the year ended December&nbsp;31, 2016, which is
incorporated herein by reference; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;AFUDC&#148;</FONT></B> means allowance for funds used
during construction and represents the cost of financing regulated construction projects and is capitalized to the cost of property, plant and equipment, where permitted by the regulator; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;AIF&#148;</FONT></B> means this 2016 Annual Information Form of Emera; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ALJ&#148;</FONT></B> means Administrative Law Judge; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;APUC&#148;</FONT></B> means Algonquin Power&nbsp;&amp; Utilities Corp., a company incorporated
under the federal laws of Canada and traded on the TSX under the symbol &#147;AQN&#148;; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Atlantic Provinces&#148;</FONT></B> means the region of Canada consisting of the Provinces of
New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Bangor
Hydro&#148;</FONT></B> means Bangor Hydro Electric Company, a transmission and distribution electric utility company incorporated under the laws of the State of Maine and a wholly owned, indirect subsidiary of Emera which merged on January&nbsp;1,
2014 with MPS to form Emera Maine; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Bangor Hydro District&#148;</FONT></B> means
the franchise electric service territory associated with the former Bangor Hydro in portions of the Maine counties of Penobscot, Hancock, Washington, Waldo, Piscataquis and Aroostook; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Bayside Power LP&#148;</FONT></B> means Bayside Power Limited Partnership, a limited
partnership governed by the laws of the Province of New Brunswick and wholly owned directly by Emera, and which owns and operates a 290 MW gas-fired electricity generating facility; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;BBD&#148;</FONT></B> means Barbadian dollars; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Bear Swamp&#148;</FONT></B> means Bear Swamp Power Company, LLC, a 600 MW pumped storage
hydroelectric company incorporated under the laws of the State of Delaware in which Emera indirectly holds a 50% interest; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;BLPC&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Barbados Light&nbsp;&amp; Power Company Limited, a vertically integrated electric utility company incorporated under the laws of Barbados
and a wholly owned, direct subsidiary of ECI; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Board&#148;</FONT></B> means the
Board of Directors of Emera; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Brooklyn Energy&#148;</FONT></B> means Brooklyn Power
Corporation, a 30 MW biomass co-generation company incorporated under the laws of the Province of Nova Scotia and a wholly owned direct subsidiary of Emera; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Brunswick Pipeline&#148;</FONT></B> means the pipeline delivering re-gasified natural gas from
the Canaport LNG gas terminal near Saint John, New Brunswick to markets in the Northeastern United States, which is owned directly by EBPC. The pipeline travels through southwest New Brunswick and connects with M&amp;NP at the Canada/US border near
Baileyville, Maine; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;BSE&#148;</FONT></B> means the Barbados Stock Exchange; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;CAD&#148;</FONT></B> means Canadian dollars; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;CAIR&#148;</FONT></B> means the Clean Air Interstate Rule; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Canadian Notes&#148;</FONT></B> means the $500 million 2.90&nbsp;% senior unsecured notes due
2023; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Cash Offer&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the offer for
$23.26 ($33.30 BBD) in cash per common share of ECI; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Companies Act
Relief&#148;</FONT></B> means an order of the Nova Scotia Securities Commission pursuant to the <I>Companies Act</I> (Nova Scotia) exempting Emera from the requirement to prepare its annual financial statements in accordance with IFRS; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Company&#148;</FONT></B> means Emera; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Completion Guarantee&#148;</FONT></B> means a completion guarantee granted by Emera in favour
of the Government of Canada under which Emera has guaranteed the performance of the obligations of NSP Maritime Link Inc. to cause the completion of the Maritime Link Project in the circumstances and within the timelines provided for in the
Completion Guarantee. The Payment Obligation Agreement (as defined below) and Completion Guarantee collectively satisfy the requirement in the FLG term sheet to deliver the &#147;Emera Guarantee Agreement&#148;; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Corporate and Other&#148;</FONT></B> means Emera&#146;s consolidated investment in Emera
Utility Services, Emera Reinsurance and Emera&#146;s non-consolidated investments in ENL, NSP Maritime Link Inc., LIL, EBPC, M&amp;NP, APUC and OpenHydro. </P>
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Corporate and Other also includes other investments and interest revenue on intercompany financings and costs allocated to corporate activities not directly associated with operations, including
without limitation, the acquisition costs for the TECO Transaction and the mark-to-market adjustments related to the effect of USD-denominated currency and forward contracts to economically hedge the anticipated proceeds from the Debenture Offering
for the TECO Transaction; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;CSAPR&#148;</FONT></B> means Cross-State Air Pollution Rule;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;CST&#148;</FONT></B> means CST Trust Company; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Debenture Offering&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the sale of the
Debentures by the Selling Debentureholder; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Debentures&#148;</FONT></B> means the
4.0% convertible unsecured subordinated debentures of Emera represented by instalment receipts that were issued on September&nbsp;28 and October&nbsp;2, 2015 in order to finance a portion of the TECO Transaction; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Directors&#148;</FONT></B> mean the directors of Emera and <FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B></B>&#147;<B>Director</B>&#148;<B></B></FONT><FONT STYLE="font-family:ARIAL"> means any one of them; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Dividend Reinvestment Plan&#148;</FONT></B> means the Common Shareholders&#146; Dividend
Reinvestment and Share Purchase Plan; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Domlec&#148;</FONT></B> means Dominica Electricity
Services Limited, an integrated electric utility on the island of Dominica, incorporated under the laws of the Commonwealth of Dominica, and an indirect subsidiary of Emera, through ECI; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;DR&#148;</FONT></B> means depositary receipt; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;DR Offer&#148;</FONT></B> means the offer for 2.1 Emera DRs representing common shares of
Emera; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;EBH2&#148;</FONT></B> means Emera (Barbados) Holdings No.&nbsp;2 Inc., a company
incorporated under the laws of St. Lucia and an indirect wholly owned subsidiary of Emera; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;EBPC&#148;</FONT></B> means Emera Brunswick Pipeline Company Ltd., a company incorporated under
the federal laws of Canada and a wholly owned, indirect subsidiary of Emera; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ECC&#148;</FONT></B> means NSPI Energy Control Center; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ECHL&#148;</FONT></B> means Emera Caribbean Holdings Limited (formerly Emera Caribbean
Limited), a company incorporated under the laws of Barbados and a wholly owned, direct subsidiary of Emera and the direct or indirect parent company of ICDU and GBPC; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ECI&#148;</FONT></B> means Emera (Caribbean) Incorporated (formerly LPH), a company
incorporated under the laws of Barbados and an indirect subsidiary of Emera and the parent company of BLPC; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ECRC&#148;</FONT></B> means the environmental cost recovery clause; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;EE New England Gas Generation&#148;</FONT></B> means Emera Energy Generation II LLC, a company incorporated under the laws of the State of Delaware that indirectly holds the New England Gas Generation
Facilities, and a wholly owned, direct subsidiary of Emera; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Electricity Plan
Act</B>&#148;</FONT><FONT STYLE="font-family:ARIAL"> means the <I>Electricity Plan Implementation</I> (2015) Act; </FONT></P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera&#148;</FONT></B> means Emera
Incorporated, a public company incorporated under the laws of the Province of Nova Scotia and traded on the TSX under the symbol &#147;EMA&#148;; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Caribbean&#148;</FONT></B> means Emera&#146;s direct and indirect ownership interests in
ECHL, Emera (Caribbean) Incorporated, BLPC, Domlec, GBPC and Lucelec; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera
Energy&#148;</FONT></B> means Emera Energy Incorporated, a wholly owned, direct subsidiary of Emera, amalgamated under the laws of the Province of Nova Scotia, and Emera Energy Limited Partnership, a wholly owned subsidiary of Emera formed under the
laws of the Province of Nova Scotia, and whose business collectively includes the businesses of Emera Energy Services and Emera Energy Generation; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Energy Generation&#148;</FONT></B> means, collectively, EE New England Gas Generation,
Bayside Power LP and Brooklyn Energy; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Energy Services&#148;</FONT></B> means Emera
Energy Services, Inc., a natural gas and electricity marketing and trading company incorporated under the laws of the State of Delaware and a wholly owned, indirect subsidiary of Emera Energy Incorporated; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Florida and New Mexico&#148;</FONT></B> means TECO Energy and its holdings, including
TEC, NMGC and TECO Finance; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Guarantee Agreement&#148;</FONT></B> means the condition
precedent in the FLG term sheet to deliver to the Government of Canada a guarantee of certain payment and performance obligations, which condition precedent was satisfied collectively by the Completion Guarantee (as defined above) and the Payment
Obligation Agreement (as defined below); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Maine&#148;</FONT></B> means the company
resulting from the merger of Bangor Hydro and MPS under the laws of the State of Maine on January&nbsp;1, 2014, and a wholly owned indirect subsidiary of Emera; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Reinsurance&#148;</FONT></B> means Emera Reinsurance Limited, a captive insurance company
incorporated under the laws of Barbados and a wholly owned direct subsidiary of Emera, which provides insurance and reinsurance to Emera and certain affiliates to enable more cost efficient management of risk and deductible levels across Emera. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Emera Utility Services&#148;</FONT></B> means Emera Utility Services Inc., a company
incorporated under the laws of the Province of New Brunswick and a wholly owned direct subsidiary of Emera, which provides utility construction services in the Atlantic Provinces; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ENL&#148;</FONT></B> means Emera Newfoundland and Labrador Holdings Incorporated, a company
incorporated under the laws of the Province of Newfoundland and Labrador and a wholly owned, direct subsidiary of Emera, and the parent company of NSP Maritime Link Inc. and ENL Island Link Inc.; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ENL Island Link Inc.&#148;</FONT></B> means ENL Island Link Incorporated, a company
incorporated under the laws of the Province of Newfoundland and Labrador and a wholly owned, direct subsidiary of ENL; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Exemptive Relief&#148;</FONT></B> means the relief granted to Emera by Canadian securities regulators allowing it to continue to report its financial results in accordance with USGAAP; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Fair Trading Commission, Barbados&#148;</FONT></B> means the independent regulator of BLPC;
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;FAM&#148;</FONT></B> means the fuel adjustment
mechanism established by the UARB; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;FCM&#148;</FONT></B> means forward capacity market;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;FERC&#148;</FONT></B> means the United States Federal Energy Regulatory Commission; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Final Instalment&#148;</FONT></B> means the remaining $667 per Debenture that was payable on
the Final Instalment Date; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Final Instalment Date&#148;</FONT></B> means August&nbsp;2,
2016; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;First Wind&#148;</FONT></B> means First Wind Holdings, LLC, a company incorporated
under the laws of the State of Delaware; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;FPSC&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the Florida Public Service Commission, the regulator of Tampa Electric and PGS; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;GBPA&#148;</FONT></B> means The Grand Bahama Port Authority, the regulator of GBPC; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;GBPC&#148;</FONT></B> means Grand Bahama Power Company Limited, a vertically integrated electric utility company incorporated under the laws of the Commonwealth of The Bahamas and a direct and indirect
subsidiary of ECHL; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Government of Canada Bond Yield&#148;</FONT></B> on any date means the
yield to maturity on such date (assuming semi-annual compounding) of a Canadian dollar denominated non-callable Government of Canada bond with a term to maturity of five years as quoted as of 10:00 a.m. (Toronto time) on such date and which appears
on the Bloomberg Screen GCAN5YR Page on such date; provided that, if such rate does not appear on the Bloomberg Screen GCAN5YR Page on such date, the Government of Canada Bond Yield will mean the average of the yields determined by two registered
Canadian investment dealers selected by the Company as being the yield to maturity on such date (assuming semi-annual compounding) which a Canadian dollar denominated non-callable Government of Canada bond would carry if issued in Canadian dollars
at 100% of its principal amount on such date with a term to maturity of five years; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Government of Canada T-Bill Rate&#148;</FONT></B> means, for any quarterly floating rate
period, the average yield expressed as a percentage per annum on three month Government of Canada treasury bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable floating rate calculation date;
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;GRA&#148;</FONT></B> means a general rate application; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;GWh&#148;</FONT></B> means the amount of electricity measured in gigawatt hours; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Hybrid Notes&#148;</FONT></B> means the USD$1.2 billion unsecured, fixed-to-floating
subordinated notes due 2076; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;ICDU&#148;</FONT></B> means ICD Utilities Limited, a company
incorporated under the laws of the Commonwealth of The Bahamas, traded on the Bahamas International Securities Exchange (BISX) under the symbol &#147;ICD&#148; and a direct subsidiary of ECHL; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;IFRS&#148;</FONT></B> means International Financial Reporting Standards; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;Interest Reset Date&#148;</FONT></B> means June&nbsp;15, 2026, and on every quarter thereafter
that the Hybrid Notes are outstanding until their maturity on June&nbsp;15, 2076; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B><FONT STYLE="font-family:ARIAL" COLOR="#1f497d">&#147;IPPs&#148;</FONT></B> means independent power producers; </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;IRCD&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the Independent Regulatory Commission, Dominica, the independent regulator of Domlec; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;ISO-NE&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means ISO-New England, an independent, non-profit Regional Transmission Organization which oversees the operation of New England&#146;s bulk
electric power system and transmission lines, generated and transmitted by its member utilities; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;km&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means kilometres; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Labrador Transmission Assets&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means an electricity transmission project in Labrador between Muskrat Falls and Churchill Falls; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Labrador-Island Transmission Link Project&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> or
</FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;LIL&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means an electricity transmission project in Newfoundland and Labrador being developed by Nalcor, which will enable the transmission
of the Muskrat Falls energy between Labrador and the island of Newfoundland; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;LNG&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means liquefied natural gas; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;LPH&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Light&nbsp;&amp; Power Holdings
Ltd., the former name of ECI; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Lucelec&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means St. Lucia Electricity Services
Limited, a company incorporated under the laws of St. Lucia in which Emera holds an indirect 19.1% interest through ECI; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;M&amp;NP&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the Maritimes&nbsp;&amp; Northeast Pipeline, a pipeline that transports natural gas from offshore Nova Scotia to markets in the
Maritime Provinces and New England, in which Emera holds an indirect 12.9% interest; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MAM&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Maine&nbsp;&amp; Maritimes
Corporation, a company incorporated under the laws of the State of Maine, the parent company of MPS, and a wholly owned, indirect subsidiary of Emera; MAM was dissolved when MPS and Bangor Hydro merged on January&nbsp;1, 2014, forming Emera Maine;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Maritime Link&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> or </FONT><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NSP Maritime Link Inc.&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means NSP Maritime Link Incorporated, a wholly owned direct subsidiary of ENL incorporated under the laws of the Province of
Newfoundland and Labrador that is developing the Maritime Link Project; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Maritime
Link Project&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the transmission project including two 170-km sub-sea cables between the island of Newfoundland and the Province of Nova Scotia, being developed by NSP Maritime Link Inc.;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Maritime Provinces&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the
region of Canada consisting of the Provinces of Nova Scotia, New Brunswick and Prince Edward Island; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MD&amp;A&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Emera&#146;s Management&#146;s Discussion and Analysis for the fiscal year ended December&nbsp;31, 2016, a copy of which is available
electronically under Emera&#146;s profile on SEDAR at </FONT><FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT STYLE="font-family:ARIAL">; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MLFT&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Maritime Link Financing Trust, a
special purpose funding vehicle formed by Emera; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Moody&#146;s&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the credit rating agency Moody&#146;s Investor Services, Inc.; </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MPS&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means Maine Public Service Company, a transmission and distribution electric utility company incorporated pursuant to the laws of the State of Maine, and a wholly owned, direct subsidiary of MAM which merged on
January&nbsp;1, 2014 with Bangor Hydro to form Emera Maine; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MPS
District&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the franchise electric service territory associated with MPS in northern Maine; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MPUC&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the Maine Public Utilities
Commission, the independent regulator of Emera Maine and of Bangor Hydro and MPS prior to their merger effective January&nbsp;1, 2014 to form Emera Maine; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;MW&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the amount of electricity measured in
megawatts; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Nalcor&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Nalcor
Energy, a Newfoundland and Labrador provincial Crown corporation; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NB
Power&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means New Brunswick Power Corporation, a provincial Crown corporation formed under the laws of the Province of New Brunswick, responsible for the generation, transmission and distribution of
electricity in the Province of New Brunswick; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NEB&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the Canadian National Energy Board, the independent regulator of EBPC; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NERC&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means North American Electric Reliability Corporation; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;New England&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the region of the
Northeastern United States consisting of the States of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;New England Gas Generation Facilities&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means a three-facility, 1,115 MW combined-cycle gas-fired electricity generating investment in the Northeastern
United States, comprising Bridgeport Energy (560 MW) in Bridgeport, Connecticut; Tiverton Power (290 MW) in Tiverton, Rhode Island; and Rumford Power (265 MW) in Rumford, Maine; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NMGC&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means New Mexico Gas Company, Inc., a
regulated gas distribution utility incorporated under the laws of Delaware and serving customers across New Mexico; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NMPRC&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the New Mexico Public Regulation Commission, the regulator of NMGC; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Northeastern United States&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the region of
the United States consisting of New England and the States of New Jersey, New York and Pennsylvania; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NSPI&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> or </FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Nova Scotia Power&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Nova
Scotia Power Incorporated, a vertically integrated electric utility incorporated under the laws of the Province of Nova Scotia and a wholly owned direct and indirect subsidiary of Emera; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NSPI&#146;s Annual Information Form&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the
2016 Annual Information Form of NSPI dated March&nbsp;9, 2017, a copy of which is available electronically under NSPI&#146;s profile on SEDAR at </FONT><FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT
STYLE="font-family:ARIAL">; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NSPI Board&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the Board of Directors of NSPI; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;NWP&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Northeast Wind Partners II, LLC, a
company formerly owned 51% by First Wind and 49% by Emera. Emera sold its investment in NWP on January&nbsp;29, 2015; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;OATT&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means open access transmission tariff; </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Offer&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means EBH2&#146;s intention to acquire the outstanding common shares of ECI. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Officers&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> mean the executive officers of Emera and </FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Officer&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means any one of them; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Order&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means a cease trade order, an order similar to a cease trade order or an order that denies a company access to any exemption under securities legislation that was in effect for a period of more than 30 consecutive days;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Payment Obligation Agreement&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means
a payment obligation agreement between Emera, NSP Maritime Link Inc. and the Government of Canada, which together with the Completion Guarantee collectively satisfy the requirement in the FLG term sheet to deliver the Emera Guarantee Agreement;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;PGS&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the Peoples Gas System
Division of TEC, a regulated gas distribution utility, serving customers across Florida; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Province&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means a province of Canada and
includes, when the context requires, the provincial government; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Public Utilities
Act&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the <I>Public Utilities Act</I> (Nova Scotia); </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Rating Agencies&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means collectively Moody&#146;s and S&amp;P, and </FONT><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Rating
Agency&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means any one of the Rating Agencies; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;RECL&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Repsol Energy Canada Ltd.;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Repsol&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Repsol, S.A, the
parent company of RECL; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;ROE&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means
return on equity; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;S&amp;P&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means
the credit rating agency Standard&nbsp;&amp; Poor&#146;s Rating Services; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B></B>&#147;<B>Sable Wind Project</B>&#148;<B></B></FONT><FONT STYLE="font-family:ARIAL"> means a 13.8
MW wind farm near Canso, Nova Scotia; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;SEC&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the United States Securities and Exchange Commission; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Securities Act&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> <I>United States Securities Act
of 1933</I>, as amended; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;SEDAR&#148;</B></FONT><FONT STYLE="font-family:ARIAL">
means the System for Electronic Documents Analysis and Retrieval; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Selling
Debentureholder&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means Emera Holdings NS Company, a company incorporated under the laws of the Province of Nova Scotia and a wholly owned direct subsidiary of Emera; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series 2016-A Conversion, First Preferred
Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the cumulative preferential first preferred shares, Series 2016-A of Emera; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series A First Preferred Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the cumulative 5-year rate reset first preferred shares, Series A of Emera; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series B First Preferred Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the
cumulative floating rate first preferred shares, Series B of Emera; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series C First
Preferred Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the cumulative rate reset first preferred shares, Series C of Emera; </FONT></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series D First Preferred
Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the cumulative floating rate first preferred shares, Series D of Emera; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series E First Preferred Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the cumulative redeemable first preferred shares, Series E of Emera; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series F First Preferred Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the
cumulative rate reset first preferred shares, Series F of Emera; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Series G First
Preferred Shares&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the cumulative floating rate first preferred shares, Series G of Emera; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Small Business Advocate&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means a person or organization appointed to represent the interests of small businesses as defined in the Small Business
Advocate Regulations made under the Public Utilities Act; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B></B>&#147;<B>South Canoe Wind
Project</B>&#148;<B></B></FONT><FONT STYLE="font-family:ARIAL"> means a 102 MW wind farm near New Russell, Nova Scotia; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;State&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means a state of the United States and includes, when the context requires, the state government; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;Tampa Electric&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the Tampa Electric
Division of TEC, an integrated regulated electric utility, serving customers in West Central Florida; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT
STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;TEC&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means, collectively, Tampa Electric and PGS; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;TECO Energy&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means TECO Energy, Inc., an
energy-related holding company incorporated under the laws of the State of Florida with regulated electric and gas utilities in Florida and New Mexico; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;TECO Finance&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means TECO Finance, Inc., a
wholly owned financing subsidiary of TECO Energy; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;TECO Transaction&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the acquisition by Emera of TECO Energy; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;TSX&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means The Toronto Stock Exchange;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;U.S.&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the United States;
</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;U.S. Notes&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means, collectively,
the 2019 Notes, the 2021 Notes, the 2026 Notes and the 2046 Notes; </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;UARB&#148;</B></FONT><FONT STYLE="font-family:ARIAL"> means the Nova Scotia Utility and Review
Board, the independent regulator of NSPI; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;United States&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the United States of America; </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;USD&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means U.S. dollars; and </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><FONT STYLE="font-family:ARIAL" COLOR="#1f497d"><B>&#147;USGAAP&#148;</B></FONT><FONT
STYLE="font-family:ARIAL"> means the accounting principles which are recognized as being generally accepted and which are in effect from time to time in the U.S. as codified by the Financial Accounting Standards Board, or any successor institute.
</FONT></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:84%">&nbsp;</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">All amounts are in CAD except where otherwise stated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Reference to
&#147;including&#148;, &#147;include&#148;, or &#147;includes&#148; means &#147;including (or includes) but is not limited to&#148; and shall not be construed to limit any general statement preceding it to the specific or similar items or matters
immediately following it. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">The information presented in this AIF is as of December&nbsp;31, 2016, unless otherwise specified. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">This AIF, including the documents incorporated herein by reference, contains &#147;forward-looking information&#148; and &#147;forward-looking
statements&#148; within the meaning of applicable securities laws (collectively, &#147;forward-looking information&#148;). The words &#147;anticipates&#148;, &#147;believes&#148;, &#147;budget&#148;, &#147;could&#148;, &#147;estimates&#148;,
&#147;expects&#148;, &#147;forecasts&#148;, &#147;intends&#148;, &#147;may&#148;, &#147;plans&#148;, &#147;projects&#148;, &#147;schedule&#148;, &#147;should&#148;, &#147;targets&#148;, &#147;will&#148;, &#147;would&#148;, and similar expressions
are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. References to &#147;Emera&#148; in this section include references to the subsidiaries of Emera. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The forward-looking information in this AIF, including the documents incorporated herein by reference, includes statements which reflect the current
view of Emera&#146;s management with respect to, among other things, Emera&#146;s objectives, plans, financial and operating performance, business prospects and opportunities. The forward-looking information reflects managements&#146; current
beliefs and is based on information currently available to Emera&#146;s management and should not be read as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or at times which, such
events, performance or results will be achieved. All such forward-looking information in this AIF is provided pursuant to safe harbour provisions contained in applicable securities laws. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The forward-looking information in this AIF, including the documents incorporated herein by reference, includes, but is not limited to, statements
regarding: Emera&#146;s revenue, earnings and cash flow; the growth and diversification of Emera&#146;s business and earnings base; future annual net income and dividend growth; expansion of Emera&#146;s business in the United States and elsewhere;
the integration of TECO Energy&#146;s electric and gas utility business with the existing operations of Emera; the expected compliance by Emera and its subsidiaries with the regulation of its operations; the expected timing of regulatory decisions;
forecasted capital expenditures; the nature, timing and costs associated with certain capital projects; the expected impacts on Emera of challenges in the global economy; estimated energy consumption rates; expectations related to annual operating
cash flows; the expectation that Emera will continue to have reasonable access to capital in the near to medium term; expected debt maturities, repayments and renewals; expectations about increases in interest expense and/or fees associated with
debt securities and credit facilities; no material adverse credit rating actions being expected in the near term; the number of customers served in the future; the successful execution of relationships with third-parties, such as agreements relating
to the Maritime Link Project, Muskrat Falls and the Assembly of Nova Scotia Mi&#146;Kmaq Chiefs; the impact of currency fluctuations; expected changes in electricity rates; and the impacts of planned investment by the industry of gas transportation
infrastructure within the United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The forecasts and projections that make up the forward-looking information are based on reasonable
assumptions which include: the receipt of applicable regulatory approvals and requested rate decisions; no significant operational disruptions or environmental liability due to a catastrophic event or environmental upset caused by severe weather,
other acts of nature or other major events; seasonal weather patterns remaining stable; no significant cyber or physical attacks or disruptions to Emera&#146;s systems; the continued ability to maintain transmission and distribution systems to
ensure their continued performance; continued investment in wind and hydro generation; no severe and prolonged downturn in economic conditions; sufficient liquidity and capital resources; the continued ability to hedge exposures to fluctuations in
interest rates, foreign exchange rates and commodity prices; no significant variability in interest rates; the impact of the TECO acquisition on total assets, net income, long-term growth, access to equity and debt capital markets, credit profile,
economies of scale and ability to deploy capital; expectations regarding the nature, timing and costs of capital spending of Emera and its subsidiaries; expectations regarding rate base growth; the continued competitiveness
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of electricity pricing when compared with other alternative sources of energy; the continued availability of commodity supply; the absence of significant changes in government energy plans and
environmental laws that may materially affect the operations and cash flows of Emera; maintenance of adequate insurance coverage; the expected implementation and impact of Emera&#146;s integrated enterprise resource planning system; the ability to
obtain and maintain licenses and permits; no material decrease in market energy sales prices; favourable labour relations; and sufficient human resources to deliver service and execute the capital program. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The forward-looking information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from
historical results or results anticipated by the forward-looking information. Factors which could cause results or events to differ from current expectations include, but are not limited to: regulatory and political risk; changes in economic
conditions; commodity price and availability risk; derivative financial instruments, including, but not limited to, hedging availability; foreign exchange risk; interest rate risk; commercial relationship risk; credit risk; rating agency risk;
labour risk; weather and climate risk; environmental risk; capital market and liqidity risk, including, but not limited to, economic conditions, costs of financing, capital resources and liquidity risk; construction and development risks; the
anticipated benefits of the TECO acquisition not materializing or not occurring within the time periods anticipated by Emera; ability to retain key personnel of TECO Energy; operating and maintenance risks; risks related to the financing of Emera;
risks associated with changes in economic conditions; that developments in technology could reduce demand for electricity and gas; changes in customer energy-usage patterns; risk of failure of information technology infrastructure and cybersecurity
risks; disruption of fuel supply; natural disasters or other catastrophic events; impairment testing of certain long-lived assets could result in impairment charges; unanticipated maintenance and other expenditures; risks associated with the
continuation, renewal, replacement and/or regulatory approval of power supply and capacity purchase contracts; risks associated with pension plan performance and funding requirements; regulatory and government decisions including, but not limited
to, changes to environmental, financial reporting and tax legislation and regulations; risk of loss of licences and permits; risks of loss of service area; market energy sales prices; maintenance of adequate insurance coverage; labour relations and
management resources. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">For additional information with respect to Emera&#146;s risk factors, reference should be made to the section of this AIF
entitled &#147;Risk Factors&#148; and to Emera&#146;s continuous disclosure materials filed from time to time on SEDAR at <FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify"><B>Readers are cautioned not to place undue reliance on forward-looking information as actual results could differ materially from the plans,
expectations, estimates or intentions and statements expressed in the forward-looking information. All forward-looking information in this AIF and in the documents incorporated herein by reference is qualified in its entirety by the above cautionary
statements and, except as required by law, Emera undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise. </B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD VALIGN="top"></TD>
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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>INTRODUCTION </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera is a geographically diverse energy and services company with approximately $29 billion in assets and 2016 revenues of $4.28 billion. Emera invests
in electricity generation, transmission and distribution, gas transmission and distribution, and utility services. Emera&#146;s business continues to grow and evolve. Meeting customer demand for cleaner affordable energy remains central to
Emera&#146;s strategy. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Utilities </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Regulated utilities
are the foundation of Emera&#146;s business, providing the company with strong and consistent earnings. From its beginnings as NS Power Holdings Incorporated in 1998 following the privatization of Nova Scotia Power Corporation in 1992, Emera has
grown by investing in its businesses and through strategic acquisitions. Emera became an international business with the acquisition of Bangor Hydro in 2001 and expanded its investment in the State of Maine by adding MAM in 2010. In July 2016, Emera
significantly increased its presence in the United States by completing the TECO Transaction. In the Caribbean, Emera has built a business of scale, starting with its investment in Lucelec in 2007, and now holding an indirect majority ownership
interest in electric utilities in Barbados, Grand Bahama and Dominica. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">At the core of Emera&#146;s utilities strategy is identifying opportunities
to invest in the transition from higher-carbon methods of electricity generation to lower-carbon alternatives. In Florida and New Mexico, the Company is evaluating a number of initiatives that would reduce carbon emissions, including transmission
and solar generation. NSPI has invested in wind energy, biomass and hydroelectricity and is on track to meet a minimum 40% renewable standard by 2020. In the Caribbean, Emera is similarly focused on introducing cleaner generation alternatives, with
an emphasis on affordability and fuel cost stability for its customers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Transmission </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera is investing in electricity transmission to help get new renewable energy to market. Emera&#146;s leadership in the Maritime Link Project is
expected to transform the electricity market in the Atlantic Provinces, enabling growth in the availability of clean, renewable energy for the region. In addition, the Atlantic Provinces will be connected to the Northeastern United States, providing
potential for excess renewable energy to be delivered throughout that region. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Non-regulated </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Since its formation in 2003, Emera Energy has become an active participant in the Northeastern United States electricity and natural gas markets. It has
built a strong marketing, trading and asset management business, based on comprehensive market knowledge, focus on customer service and robust risk management. The integration and performance of the New England Gas Generating Facilities purchased in
2013 has contributed significantly to the success of Emera Energy. Natural gas is an effective and reliable back-up for intermittent renewable sources and is a cleaner alternative to other fossil fuels. Emera Energy has invested to improve the
performance of its natural gas generation assets in New England, creating long-term value for its business. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As it has grown, Emera has held true to
the core values that guide its business: building relationships of integrity, focusing on operations and service excellence, investing in its people and making safety and health its foremost priority. For more information on the business operations
of the Company, refer to the &#147;Description of the Business&#148; section below. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>CORPORATE STRUCTURE </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Name and Incorporation </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Incorporated was incorporated
on July&nbsp;23, 1998 pursuant to the <I>Companies Act</I> (Nova Scotia). Emera&#146;s principal, head and registered office is located at 1223 Lower Water Street, Halifax, Nova Scotia B3J 3S8. </P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Amended Articles of Association </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Board approved
amendments to the Company&#146;s Articles of Association (the &#147;Articles&#148;), which were presented to its shareholders and approved on May&nbsp;17, 2016. The primary intent of the substantive amendments was to modernize aspects of the
Articles to reflect developments in technology, business practice, governing law and the regulatory environment. For more information on these amendments to the Company&#146;s Articles, please refer to the Management Information Circular of Emera
distributed in connection with Emera&#146;s annual meeting of shareholders held on May&nbsp;17, 2016, as amended, a copy of which is available electronically under Emera&#146;s profile on SEDAR at
<FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Intercorporate Relationships </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The following organizational table sets forth the relationships between Emera and its principal subsidiaries, Emera&#146;s ownership of the respective
subsidiaries, as well as their respective jurisdictions of incorporation: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" WIDTH="11%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="11%"></TD>
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<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>&nbsp;&nbsp;Subsidiaries</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Percentage&nbsp;Ownership&nbsp;(%)<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Jurisdiction <SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>TECO Energy</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Florida</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>NSPI</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Nova Scotia</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Emera Maine</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Maine</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>EE New England Gas Generation</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Delaware</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Emera Energy Services</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Canada/United&nbsp;States</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>GBPC</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;80.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">The Bahamas</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>ECI</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;100<SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Barbados</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>EBPC</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Canada</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>ENL</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">100</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">Newfoundland&nbsp;and&nbsp;Labrador&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The percentage of votes attaching to all voting securities beneficially owned, or controlled or directed, directly or
indirectly by Emera. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Jurisdiction of incorporation, continuance or formation. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Emera and ECI completed a &#147;going private transaction&#148; pursuant to which ECI amalgamated with Emera (Caribbean)
(2016)&nbsp;Inc., a wholly owned subsidiary of EBH2 under the <I>Companies Act</I> (Barbados), in order for Emera to indirectly acquire all of the common shares of ECI that it did not already own. The amalgamation occurred on February&nbsp;25, 2016
resulting in 100% ownership of the common shares of ECI by EBH2. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Emera&#146;s other subsidiaries together account for less than 10% of total
consolidated operating revenues and less than 20% of total consolidated assets of Emera for the year ended December&nbsp;31, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>GENERAL DEVELOPMENT OF THE BUSINESS </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>EMERA </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera seeks to deliver long-term growth to investors.
Accordingly, annual dividend growth, earnings per common share growth, adjusted earnings per common share growth and total shareholder return are the primary measures of performance. Emera is targeting 8% annual dividend growth through 2020. The
following table details Emera&#146;s one, three and five-year performance for these metrics, as well as the S&amp;P/TSX Capped Utilities Index annualized total shareholder return for those periods: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>For the year ended December&nbsp;31, 2016 </B></P> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="66%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">1&nbsp;year&nbsp;(%)</FONT></B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">3&nbsp;year&nbsp;(%)</FONT></B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">5&nbsp;year&nbsp;(%)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Dividend per share compound annual growth rate<SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">19.9</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">12.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">8.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Earnings per share compound annual growth rate</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">-51.1</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">-6.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">-7.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Adjusted earnings per share compound annual growth rate</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">22.6</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">12.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">6.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Emera annualized total shareholder return <SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">9.6</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">18.3</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">10.0</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">S&amp;P/TSX Capped Utilities Index annualized total shareholder
return <SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">17.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">9.3</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">4.9</TD></TR>
</TABLE> <P STYLE="font-size:4pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The dividend per share compound annual growth rate is based on the dividends paid in the year. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Total shareholder return combines share price appreciation and dividends per common share paid during the fiscal year to
show the total return to the shareholder expressed as an annualized percentage, assuming dividends are reinvested each time they are paid. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(3)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The S&amp;P/TSX Capped Sector Indices provide liquid and tradable benchmarks for related derivative products of Canadian
economic sectors. Constituents are selected from a stock pool of S&amp;P/TSX Composite Index Stocks, and the relative weight of any single index constituent is capped at 25%. The indices are based upon the Global Industry Classification Standards
(GICS<SUP STYLE="font-size:85%; vertical-align:top">&reg;</SUP>). The S&amp;P/TSX Capped Utilities Index imposes capped weights on the index constituents included in the S&amp;P/TSX Composite that are classified in the GICS<SUP
STYLE="font-size:85%; vertical-align:top">&reg;</SUP> utilities sector. </P></TD></TR></TABLE> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Energy markets worldwide, in particular across North
America, are undergoing foundational changes that have created significant investment opportunities for companies with Emera&#146;s experience and capabilities. Key trends contributing to these investment opportunities include: aging infrastructure,
lower-cost natural gas, growing demand for new electric heating and cooling solutions, the requirement for large-scale transmission projects to deliver new energy sources to customers and environmental concerns. These environmental concerns include
a desire to reduce the emissions of carbon dioxide and other greenhouse gases and the potential effects of climate change, including changes in global and regional weather patterns, changes in the frequency and intensity of extreme weather events
and rising sea levels. Within this context, Emera is focused on growing shareholder value by identifying reliable and affordable energy solutions, typically involving replacement of higher-carbon electricity generation with generation from cleaner
sources and the related transmission and distribution infrastructure to deliver that energy to market. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has partnerships and relationships
throughout the regions in which it operates and has established a diverse investment and operations profile that links its assets and capabilities in those regions. At the core of Emera&#146;s strategy is the ability to leverage these particular
linkages and adjacencies to create solutions for customers and investment opportunities for the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The foundation of Emera&#146;s strategy is
its collaborative approach to strategic partnerships, its ability to find creative solutions to work within and across multiple jurisdictions, and its experience dealing with complex projects and investment structures. The Company will continue to
make investments in its regulated utilities to benefit customers and focus on providing rate stability. From time to time, Emera will make acquisitions, both regulated and unregulated, where the business or asset acquired aligns with Emera&#146;s
strategic initiatives and delivers shareholder value. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">To ensure stability in the utilities&#146; net income and cash flows, Emera employs operating and
governance models that focus on safety and operational excellence, constructive regulatory approaches, proactive stakeholder engagement and a customer focus through service reliability and rate stability. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The TECO Transaction has enabled the Company to meet its strategic goal of having 75% to 85% of its Adjusted net income derived from rate-regulated
operations, which generally contribute strong, predictable earnings and cash flows that fund dividends, reinvestment and are reflective of the Company&#146;s risk tolerance. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has grown its asset base to enable growth and deliver on its strategic objectives. Over the last 10 years, Emera&#146;s ability to raise the
capital necessary to fund investments has been a strong enabler of the Company&#146;s growth. This was demonstrated in Emera&#146;s financing of the TECO Transaction. In addition to access to debt and equity capital markets, cash flow from
operations will continue to play a role in financing the Company&#146;s future growth. Maintaining strong, investment grade credit ratings is an important component of Emera&#146;s financing strategy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">For further information related to Emera&#146;s consolidated revenues for the years ended December&nbsp;31, 2016,&nbsp;December&nbsp;31, 2015 and
December&nbsp;31, 2014, see the &#147;Consolidated Financial Highlights&#148;, &#147;Emera Consolidated Statements of Income&#148; and &#147;2016 Consolidated Income Statement and Operating Cash Flow Highlights&#148; sections in the MD&amp;A, which
are incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The following discussion summarizes key developments in Emera&#146;s business and operations over the last
three completed financial years. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>TECO Energy </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On
July&nbsp;1, 2016, Emera completed the acquisition of all outstanding shares of TECO Energy for approximately $8.4 billion (USD$6.5 billion). TECO Energy is an energy-related holding company with regulated electric and gas utilities in Florida and
New Mexico. TECO Energy&#146;s holdings include Tampa Electric, PGS and NMGC, as further described below. TECO Energy shareholders received USD$27.55 per common share in cash, which represented an aggregate purchase price of approximately $13.9
billion (USD$10.7 billion) and which included the assumption of approximately $5.5 billion (USD$4.2 billion) of debt. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The net cash purchase price
for the TECO Transaction was financed through: (i)&nbsp;$728 million (USD$560 million) related to the first instalment of Debentures; (ii)&nbsp;$1.56 billion (USD$1.2 billion) fixed-to-floating subordinated notes (the &#147;Hybrid Notes&#148;);
(iii)&nbsp;$500 million in Canadian long-term debt (the &#147;Canadian Notes&#148;); and (iv)&nbsp;$4.2 billion (USD$3.25 billion) in USD long-term senior unsecured notes (the &#147;U.S. Notes&#148;); (v)&nbsp;available cash on hand; and
(vi)&nbsp;drawings of $1.4 billion (USD$.1.1 billion) on the Acquisition Credit Facilities. Total proceeds of the debt, not otherwise required to complete the TECO Transaction, were used for general corporate purposes. On August&nbsp;2, 2016, Emera
obtained the Final Instalment and used the net proceeds of $1.4 billion to fully repay the Acquisition Credit Facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Company filed a Form
51-102F4 &#150; <I>Business Acquisition Report</I> in respect of the TECO Transaction on August&nbsp;5, 2016, a copy of which is available electronically under Emera&#146;s profile on SEDAR at
<FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>ECI Amalgamation </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On November&nbsp;16, 2015, EBH2 announced its intention to acquire the outstanding common shares of ECI (the &#147;Offer&#148;). Minority ECI
shareholders could elect to receive $23.26 ($33.30 BBD) in cash per common share (the &#147;Cash Offer&#148;) or 2.1 </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">
Emera DRs representing common shares of Emera (the &#147;DR Offer&#148;) or a combination of the two offers. Each Emera DR initially represented one quarter of an Emera common share. As a result
of the Offer, EBH2 acquired approximately 2.6&nbsp;million common shares of ECI. As of January&nbsp;29, 2016, EBH2 had increased its ownership in ECI from 80.7% to 95.5% . </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On January&nbsp;25, 2016, Emera announced that EBH2 would proceed to acquire the remaining common shares of ECI from minority shareholders at the same
Cash Offer and DR Offer, described above, by way of an amalgamation between ECI and a wholly owned subsidiary of EBH2. The amalgamation was completed on February&nbsp;25, 2016, and EBH2 became the sole common shareholder of ECI. Pursuant to the
amalgamation, holders of common shares of ECI received redeemable Class&nbsp;A preferred shares of the amalgamated company, which were redeemed on March&nbsp;22, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Emera DRs commenced trading on the BSE on January&nbsp;8, 2016, and 2,201,341 DRs were outstanding as of December&nbsp;31, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Maritime Link Project and Strategic Partnership with Nalcor Energy on Muskrat Falls Projects </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;31, 2012, Emera and Nalcor, along with the Provinces of Nova Scotia and Newfoundland and Labrador, executed 13 agreements in respect of the
development and transmission of hydroelectric power from Muskrat Falls on the Churchill River in Labrador to the island of Newfoundland, the Province of Nova Scotia and through to New England. These agreements set out the detailed terms pursuant to
which: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Nalcor will construct and own a 824 MW hydro-electric generating facility at Muskrat Falls on the Lower Churchill River
in Labrador and the Labrador Transmission Assets; </P></TD></TR></TABLE>
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<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Emera will invest in the Labrador-Island Transmission Link Project; </P></TD></TR></TABLE>
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<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Emera will build, finance and operate, beginning in 2018, the Maritime Link Project, a transmission project linking the
island of Newfoundland to Nova Scotia; and </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">The Maritime Link Project will be turned over to Nalcor at the end of the operational period, currently forecasted to be
in 2055. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The execution of these agreements was followed, on November&nbsp;30, 2012, with a finalization of a term sheet detailing
the basis upon which the Government of Canada would provide financial support to the Maritime Link Project by way of a loan guarantee. This loan guarantee (the &#147;Federal Loan Guarantee&#148; or &#147;FLG&#148;) provides, among other things, that
the Government of Canada would fulfill any payment obligations on the guaranteed debt relating to the Maritime Link Project in the event of a default on the guaranteed debt. The FLG enhances the credit rating of the debt financing of the Maritime
Link Project to that of the Government of Canada, thus providing a material reduction to the cost of borrowing for the project for the benefit of Nova Scotia customers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On January&nbsp;30, 2014, NSP Maritime Link Inc. entered into the first of the Maritime Link Project&#146;s three major contracts: the supply and
installation of the high-voltage direct current submarine cable. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;6, 2014, following satisfaction of the relevant conditions in the
FLG term sheet, the Government of Canada issued the Federal Loan Guarantee in respect of the Maritime Link Project. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;23, 2014, the
MLFT completed its offering of 3.5% amortizing bonds due December&nbsp;1, 2052 at a price of $999.57 per $1,000 principal amount of bonds for aggregate gross proceeds of approximately $1.3 billion. The amortization of the bonds is from
December&nbsp;1, 2020 to December&nbsp;1, 2052. The bonds are guaranteed by the Government of Canada under the FLG and have been assigned a rating of &#147;AAA&#148; by S&amp;P and DBRS. The net proceeds are being used to fund construction of the
Maritime Link Project. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Upon completion of the bond offering, Emera became obligated under the Completion Guarantee previously
granted by Emera in favour of the Government of Canada. Under the Completion Guarantee, Emera has guaranteed the performance of the obligations of NSP Maritime Link Inc. to cause the completion of the Maritime Link Project, in the circumstances and
within the timelines provided for in the Completion Guarantee. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;26, 2014, NSP Maritime Link Inc. entered into the second of the
Maritime Link Project&#146;s three major contracts: the supply and installation of two high voltage direct current converter stations as well as three substations and two transition compounds. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On March&nbsp;12, 2015, NSP Maritime Link Inc. entered into the third of the Maritime Link Project&#146;s three major contracts, with Abengoa S.A., a
global Spanish energy and transmission construction company, for the construction of approximately 400 km of transmission lines in the Provinces of Newfoundland and Labrador and Nova Scotia. On November&nbsp;25, 2015, Abengoa S.A. filed a notice
under Spanish law, which provided for pre-insolvency protection in Spain. As a result of Abengoa S.A.&#146;s failure to perform, NSP Maritime Link Inc. has terminated its contract with Abengoa S.A. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;9, 2015, NSP Maritime Link Inc. and the Assembly of Nova Scotia Mi&#146;kmaq Chiefs signed a Socio-Economic Agreement for the Maritime
Link Project. Under the Socio-Economic Agreement, NSP Maritime Link Inc. will support ongoing engagement and commitments made during the environmental assessment process, including Mi&#146;kmaq participation in environmental monitoring and
employment and business opportunities for Mi&#146;kmaq people. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In July 2016, NSP Maritime Link Inc. took direct assignment from Abengoa S.A. of the
subcontract between PowerTel Utility Contractors Limited (&#147;PowerTel&#148;) and Abengoa S.A. and as such NSP Maritime Link Inc. began directly managing Powertel in completing the work on the two grounding lines and the alternating current
transmission line. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;20, 2016, NSP Maritime Link Inc. announced that EUS-Rokstad, a joint venture between Emera Utility Services and
Rokstad Power, would be the new transmission line contractor for the Maritime Link Project. EUS-Rokstad will complete construction of the high voltage direct current components of the transmission line. As part of the agreement entered into with NSP
Maritime Link Inc., Emera Utility Services has responsibility for approximately 50 km of transmission line in Nova Scotia and Rokstad has responsibility for approximately 140 km of transmission line on the island of Newfoundland. Emera Utility
Services and Rokstad Power are jointly and severally liable for completion of the project. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Algonquin Power&nbsp;&amp; Utilities Corp. </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">APUC is a diversified generation, transmission and distribution utility traded on TSX under the symbol &#147;AQN&#148;. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On May&nbsp;24, 2016, Emera completed the sale of 50.1&nbsp;million common shares of APUC, representing approximately 19.3% of APUC&#146;s issued and
outstanding common shares for gross proceeds of $544 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;30, 2016, Emera converted 12.9&nbsp;million APUC subscription receipts
and dividend equivalents into 12.9&nbsp;million APUC common shares. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;8, 2016, Emera sold the Company&#146;s remaining 4.7% (December 31, 2015 &#150; 19.6%)
investment in APUC, selling 12.9&nbsp;million common shares of APUC for gross proceeds of $142 million. Emera no longer holds any interest in APUC. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Nova Scotia
Power </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Electricity Plan and Rate Stability </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On
November&nbsp;9, 2015, the Province of Nova Scotia released its electricity plan to support stable and predictable energy rates until 2019. The electricity plan also provides for the development of performance standards through a 2016 UARB
regulatory process. On December&nbsp;18, 2015, the Province of Nova Scotia enacted the <I>Electricity Plan Act</I>, which required NSPI to file a three-year rate plan for fuel costs in Q1 2016 and to file a three-year GRA to change non-fuel rates,
if required, by April&nbsp;30, 2016. In accordance with the Electricity Plan Act, NSPI filed a three-year rate stability plan for fuel costs with the UARB on March&nbsp;7, 2016, indicating an average annual increase of 1.3%&nbsp;per year from 2017
to 2019. NSPI has also confirmed that no GRA for non-fuel cost will be filed for the 2017 to 2019 period. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The <I>Electricity Plan Act</I> directs
NSPI to apply non-fuel revenues in excess of NSPI&#146;s approved ROE range in 2015 and 2016 to the FAM, which will be reserved to be applied in the 2017 to 2019 period. In addition, the financial benefit resulting from a change in the recognition
of certain tax benefits for the South Canoe Wind Project and the Sable Wind Project is to be reserved to be applied to the FAM in the 2017 to 2019 period. The exception to this direction is to apply a sufficient amount of non-fuel revenues to offset
potential fuel related rate increases for certain customer classes in 2016 that would have been otherwise required. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On July&nbsp;19, 2016, the UARB
approved a Consensus Agreement between NSPI and customer representatives related to the Rate Stability Plan for Fuel Costs for 2017 through 2019 which results in an average annual increase of 1.1% for each of these three years. Subsequently, certain
customer representatives requested changes resulting in amended rates that were approved by the UARB on November&nbsp;15, 2016. The amended rates result in an average annual rate increase of 1.5% for each of these three years for residential
customers and customer classes represented by the Small Business Advocate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;20, 2016, the UARB issued an order stating that it
approved performance standards for NSPI related to three categories: Reliability Standards, Adverse Weather Response Standards and Customer Service Standards. The performance standards are effective as of January&nbsp;1, 2017 and allow the UARB to
apply an administrative penalty to NSPI up to an annual total maximum of $1 million, with respect to missed targets on any performance standard(s). This administrative penalty amount cannot be recovered from ratepayers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">For more information, see the &#147;Developments&#148; and &#147;Regulated Fuel Adjustment Mechanism and FAM Regulatory Deferral&#148; sections of the
MD&amp;A, which is incorporated herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Maine </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>FERC Audit </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In November 2014, the FERC commenced an audit
covering the 2013 and 2014 period of Bangor Hydro&#146;s compliance with conditions established in FERC&#146;s orders authorizing its acquisition of MPS, which occurred on January&nbsp;1, 2014. These two predecessor companies formed Emera Maine. The
final audit report was released in early January 2016. The </P>
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findings in the audit report conclude that Emera Maine did not follow the prescribed methodology for the calculation of AFUDC during the audit period and Emera Maine had included, in rates, costs
of the Bangor Hydro and MPS merger prior to making the required filings. Emera Maine has now fully complied with the recommendations in the audit report, including making the required filings for the merger costs and re-calculating AFUDC for 2013
and 2014, as ordered, which resulted in an immaterial impact on the Company&#146;s consolidated statements of income. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Maine ROE Proceedings </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;30, 2011, a group including the Attorney General of Massachusetts, New England utilities commissions, state public advocates and end
users filed a complaint with the FERC alleging that the 11.14% base ROE under the ISO-NE OATT was unjust and unreasonable. On June&nbsp;19, 2014, the FERC issued an order in connection with this complaint that changed the methodology used to set the
ROE and resulted in a lower base transmission ROE of 10.57% and a lower total ROE (inclusive of incentive adders) of 11.74% for the period of October&nbsp;1, 2011 to December&nbsp;31, 2012 and set 10.57&nbsp;per cent as the ROE rate effective
October&nbsp;16, 2014. The ROE was confirmed by FERC in two subsequent orders and has now been appealed to the U.S. Court of Appeals for the DC Circuit. This Court decided to hold the appeal of this case in abeyance pending the outcome of the ENE
Case and MA AG II Case discussed below. On June&nbsp;30, 2016, Emera Maine completed the processing of refunds to customers to reflect the 10.57% ROE. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;27, 2012, a second group of consumer advocates, including Environment Northeast, filed a complaint with the FERC on similar grounds,
arguing that the 11.14% base ROE under the OATT was unjust and unreasonable (&#147;the ENE Case&#148;). This complaint applies to the period from January&nbsp;1, 2013 to March&nbsp;31, 2014. On July&nbsp;31, 2014, a group of state commissions, state
public advocates and end users filed a third complaint with the FERC on similar grounds (&#147;the MA AG II Case&#148;) in relation to the period from July&nbsp;31, 2014 to October&nbsp;31, 2015. The ENE Case and MA AG II Case were subsequently
consolidated by FERC into a single case. On March&nbsp;22, 2016, a FERC Administrative Law Judge (&#147;ALJ&#148;) issued a recommendation to FERC with respect to the consolidated cases. The recommendation for the ENE Case was a 9.59% base ROE, with
a 10.42% maximum ROE, and the recommendation for the MA AG II Case was a 10.90% base ROE, with a 12.19% maximum ROE. The ALJ&#146;s recommendation is not definitive and FERC has the ability to adjust the ALJ&#146;s recommendation. A decision by FERC
is not expected until 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;29, 2016, an additional complaint was filed with FERC challenging the ROE under the ISO-NE transmission
tariff. The complaint was filed by the Eastern Massachusetts Consumer-Owned Systems, a collection of thirteen municipal light departments, seeking to reduce the base ROE to 8.61% and the maximum ROE to 11.24% for the period April&nbsp;29, 2016 to
July&nbsp;29, 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Caribbean </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Hurricane Matthew </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In October 2016, the island of Grand Bahama took a direct hit from Hurricane Matthew. Property damage on the island was extensive. GBPC&#146;s
generation and substation infrastructure weathered the storm well, however over 2,100 transmission and distribution poles and related conductor were damaged or destroyed, as were many connections to customer homes. Restoration efforts have been
completed with the support of other Emera affiliates. Post hurricane load is down approximately 10&nbsp;per cent as compared to normal expectations; however, management anticipates that demand will recover to pre-storm levels by 2018. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Caribbean has recorded USD$28 million of restoration costs associated with Hurricane Matthew with
no impact to net income as USD$21 million was recorded as a regulated asset amortized over five years and USD$7 million recorded as property, plant and equipment depreciating at an average 27 years. GBPC&#146;s regulator has approved the full
recovery of the storm restoration costs in this manner. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>First Wind </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On January&nbsp;29, 2015, Emera sold its 49% interest in NWP to First Wind for USD$223.3 million. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Executive Appointments </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On December&nbsp;1, 2016, Archie
Collins was appointed President and Chief Executive Officer of GBPC. Mr.&nbsp;Collins is also Chief Operating Officer of ECI. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On November&nbsp;18,
2016, Scott Balfour was appointed Chief Operating Officer of Emera. In addition to his responsibilities for Emera&#146;s Northeast and Caribbean operations, Mr.&nbsp;Balfour is responsible for providing senior executive direction for Emera&#146;s
affiliates in Florida and New Mexico and corporate functions including Human Resources, Stakeholder Relations and Strategic Planning. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On
September&nbsp;1, 2016, Rob Bennett was appointed President and Chief Executive Officer of Emera US Holdings Inc. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;1, 2016, Greg
Blunden was appointed as TECO Energy&#146;s and TEC&#146;s Senior Vice President &#150; Finance and Accounting and Chief Financial Officer (Chief Accounting Officer). On January&nbsp;15, 2016, Greg Blunden was appointed Chief Financial Officer of
Emera, effective March&nbsp;1, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;1, 2016, Sarah MacDonald was appointed President of TECO Services Inc., TECO Energy&#146;s
centralized service company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On August&nbsp;1, 2016, Bob Hanf was appointed Executive Vice President, Stakeholder Relations and Regulatory Affairs
for Emera. Most recently, he was President and Chief Executive Officer of NSPI. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On August&nbsp;1, 2016, Karen Hutt was appointed President and
Chief Executive Officer of NSPI. Previously, Ms.&nbsp;Hutt was Vice President, Mergers and Acquisitions, with Emera. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>USGAAP &#150; Exemptive Relief and
Companies Act Relief </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;28, 2014, Emera was granted exemptive relief by Canadian securities regulators allowing it to continue to
report its financial results in accordance with USGAAP (the &#147;Exemptive Relief&#148;). On July&nbsp;9, 2014, Emera was granted an order pursuant to the <I>Companies Act</I> (Nova Scotia) exempting it from the requirement to prepare its annual
financial statements in accordance with IFRS (the &#147;Companies Act Relief&#148;). Both the Exemptive Relief and the Companies Act Relief will remain in effect for Emera until the earlier of: (i)&nbsp;January&nbsp;1, 2019; (ii)&nbsp;the first day
of the Company&#146;s financial year commencing after the Company ceases to have activities subject to rate regulation; and (iii)&nbsp;the effective date prescribed by the International Accounting Standards Board for the mandatory application of a
standard within IFRS specific to entities with rate-regulated activities. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Financing Activity </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B><U>Debentures Represented by Instalment Receipts </U></B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">To finance a portion of the TECO Transaction, on September&nbsp;28, 2015 and October&nbsp;2, 2015, Emera, through the Selling Debentureholder, completed
the sale of $2.185 billion aggregate principal amount of Debentures, represented by instalment receipts. The Debentures were sold on an instalment basis at a price of $1,000 per Debenture, of which $333 was paid on closing of the Debenture Offering
or exercise of over-allotment option, as applicable, with the Final Instalment being paid on the Final Instalment Date. The net proceeds of the Final Instalment were used to repay the Acquisition Credit Facilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As at December&nbsp;31, 2016, approximately 52&nbsp;million common shares of Emera were issued relating to the conversion of the Debentures,
representing the conversion of approximately 99.6% of the outstanding Debentures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B><U>TECO Transaction Bridge Facility </U></B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On September&nbsp;4, 2015, the Company secured the Acquisition Credit Facilities as bridge financing for the TECO Transaction. The Acquisition Credit
Facilities were comprised of: (i)&nbsp;a USD$4.3 billion debt bridge facility, repayable in full on the first anniversary following its advance; and (ii)&nbsp;a USD$2.2 billion equity bridge facility repayable in full on the first anniversary
following its advance. On October&nbsp;16, 2015, Emera permanently reduced the Acquisition Credit Facilities by USD$588.3 million and on June&nbsp;16, 2016, Emera further reduced the Acquisition Credit Facilities by USD$4.8 billion. On
August&nbsp;2, 2016, Emera obtained the Final Instalment and used the net proceeds of USD$1.4 billion to fully repay the Acquisition Credit Facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B><U>TECO
Transaction Note Issuances </U></B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;16, 2016, Emera completed the issuance of: (i)&nbsp;USD$1.2 billion unsecured, fixed-to-floating
subordinated notes (the &#147;Hybrid Notes&#148;); and (ii)&nbsp;$500 million senior unsecured notes (the &#147;Canadian Notes&#148;). Additionally, on June&nbsp;16, 2016, Emera US Finance LP, a limited partnership financing subsidiary, wholly owned
directly and indirectly by Emera completed the issuance of USD$3.25 billion aggregate principal amount of multiple series of senior unsecured notes by way of private placement to finance a portion of the purchase price for the TECO Transaction (the
&#147;U.S. Notes&#148;). The proceeds of the Hybrid Notes, Canadian Notes and U.S. Notes were used to partially finance the purchase price for the TECO Transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Hybrid Notes were issued pursuant to a prospectus filed with the Nova Scotia Securities Commission and a corresponding registration statement filed
with the SEC under the United States / Canada Multijurisdictional Disclosure System. The Hybrid Notes will mature on June&nbsp;15, 2076. Emera will pay interest on the Hybrid Notes at a fixed rate of 6.75%&nbsp;per year in equal semi-annual
instalments on June&nbsp;15 and December&nbsp;15 of each year until June&nbsp;15, 2026. Beginning on June&nbsp;15, 2026, and on every quarter thereafter that the Hybrid Notes are outstanding (each such date, an &#147;Interest Reset Date&#148;) until
their maturity on June&nbsp;15, 2076, the interest rate on the Hybrid Notes will be reset. On or after June&nbsp;15, 2026, Emera may, at its option, redeem the Hybrid Notes, at a redemption price equal to 100% of the principal amount, together with
accrued and unpaid interest. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Canadian Notes were issued by way of private placement in Canada. The Canadian Notes mature on
June&nbsp;16, 2023 and bear interest semi-annually, in arrears, at an annual rate of 2.90%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The U.S. Notes are guaranteed by Emera and Emera US
Holdings Inc., a wholly-owned direct and indirect subsidiary of Emera, on a joint and several basis, and were sold only to &#147;qualified institutional buyers&#148; under Rule 144A of the <I>United States Securities Act of 1933, as amended</I> (the
&#147;Securities Act&#148;) and to non-U.S. persons under Regulation S of the Securities Act. The U.S. Notes are comprised of: (i)&nbsp;USD$500 million aggregate principal amount of 2.15% Senior Notes due 2019 (the &#147;2019 Notes&#148;);
(ii)&nbsp;USD$750 million aggregate principal amount of 2.70% Senior Notes due 2021 (the &#147;2021 Notes&#148;); (iii)&nbsp;USD$750 million aggregate principal amount of 3.55% Senior Notes due 2026 (the &#147;2026 Notes&#148;); and
(iv)&nbsp;USD$1.25 billion aggregate principal amount of 4.75% Senior Notes due 2046. The U.S. Notes bear interest semi-annually, in arrears. In connection with the initial issuance of the U.S. Notes, Emera US Finance LP entered into a registration
rights agreement with the initial purchasers of the U.S. Notes in which it undertook to offer to exchange the U.S. Notes for new notes, in an equal principal amount and under the same terms, but which are registered under the Securities Act. On
December&nbsp;15, 2016, a registration statement on Form&nbsp;F-10/Form&nbsp;S-4 was declared effective by the SEC and on January&nbsp;17, 2017 the new notes were issued. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>ENL </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On April&nbsp;23, 2014, MLFT completed its offering of
3.5% amortizing bonds due December&nbsp;1, 2052 at a price of $999.57 per $1,000 principal amount of bonds for aggregate gross proceeds of approximately $1.3 billion. See &#147;General Development of the Business, Maritime Link Project and Strategic
Partnership with Nalcor Energy on Muskrat Falls Projects&#148;. </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>Changes in Business Expected During 2017 </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The TECO Transaction has changed Emera&#146;s
business mix and enabled the Company to meet its strategic goal of having 75% to 85% of its Adjusted net income derived from rate-regulated operations. The TECO Transaction adds diversity to Emera&#146;s operations, meets Emera&#146;s strategic
objective of expanding Emera&#146;s operations to include gas distribution services and expands Emera&#146;s markets into higher growth regions. TECO Energy&#146;s operations and opportunities align well with Emera&#146;s strategy to invest in the
transformation of electricity generation from higher to lower carbon intensity and provide cleaner and affordable energy solutions for customers. The addition of these regulated businesses may result in a material increase in earnings and cash flow
as compared to the expected financial results prior to the TECO Transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera&#146;s operations are affected by movements in the U.S. dollar
relative to the Canadian dollar. The effect on Emera&#146;s net income is noteworthy, as it is expected that approximately 70% of Emera&#146;s future Adjusted net income will be derived from subsidiaries with a U.S. functional currency. Emera&#145;s
consolidated net income and cash flows will be impacted in the future to a greater extent by movements in the U.S. dollar relative to the Canadian dollar as a result of the TECO Transaction. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Florida and New Mexico </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Florida and New Mexico earnings are most directly impacted by the earned rate of return on equity and the capital structure approved by the FPSC
and NMPRC, the prudent management of operating costs, the approved recovery of regulatory deferrals and the timing and amount of capital expenditures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Florida utilities anticipate earning within their allowed ROE ranges in 2017 and expect rate base and earnings to be higher than prior years. Tampa
Electric and PGS expect slightly higher customer growth rates in 2017 than those experienced in 2016, reflective of economic growth in Florida. Assuming normal weather, sales are expected to increase consistently with customer growth. In accordance
with the 2013 settlement agreement approved by the FPSC, Tampa Electric increased base rates by USD$110 million on January&nbsp;16, 2017, the commercial operation date of the Polk Power Station expansion project. This expansion project adds an
additional 460 MW of generating capacity and invests in the related transmission system improvements needed to support the additional generation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NMGC expects earnings to be consistent with prior years. Customer growth rates are expected to be slightly higher in 2017 than in 2016, reflecting
expectations for housing starts and new connections. Assuming normal weather, sales growth is expected to be consistent with customer growth and costs will increase slightly. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In 2017, Emera Florida and New Mexico expects to invest approximately USD$645 million in capital projects compared to USD$795 million in 2016. The 2016
capital expenditures included approximately USD$135 million for the Polk Power Station conversion project and USD$35 million for the Florida utilities&#146; new customer relationship management and billing system, both of which went into service in
January 2017. The 2017 capital expenditures include projects to support normal system reliability and growth at Tampa Electric, PGS and NMGC. Tampa Electric includes programs for transmission and distribution system storm hardening, distribution
system modernization and automated metering equipment, transmission system reliability requirements and investments in utility scale solar photo voltaic projects. PGS will make investments to expand the system and support customer growth, including
high sales volume compressed natural gas fueling stations, and continue with replacement of cast iron and bare steel pipe. NMGC will undertake a project relocating a portion of the gas pipeline feeding Taos, New Mexico and will invest in a new
customer relationship management and billing system. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In December 2016, PGS entered into a settlement agreement with the Office of Public Counsel
regarding its filed depreciation study. On February&nbsp;7, 2017, the FPSC approved the settlement agreement. Absent any rate case filing, through 2020, the bottom of the allowed ROE range for PGS will be decreased 0.5% to 9.25% and the top of the
range will remain unchanged at 11.75%. The ROE of 10.75% will continue to be used for the calculation of the return on investments for clauses. No change in customer rates resulted from this settlement agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Nova Scotia Power </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI&#146;s earnings are most directly
impacted by the range of the rate of ROE and capital structure approved by the UARB, the prudent management and approved recovery of operating costs, demand and generation load, weather, the approved recovery of regulatory deferrals and the timing
and amount of capital expenditures. NSPI anticipates earning within its allowed ROE range in 2017 and expects its earnings and rate base to generally be consistent with prior years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Over the past several years, the requirement to reduce the Province of Nova Scotia&#146;s reliance upon high carbon and greenhouse gas emitting sources
of energy has resulted in NSPI making significant investments in renewable energy sources and purchasing third party renewable energy. In 2017, NSPI expects to invest approximately $398 million, including AFUDC, in capital projects compared to $309
million in 2016. This increase is primarily driven by increased spending on information technology projects and Maritime Link related transmission projects. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Maine </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Maine&#146;s earnings are most directly impacted by the combined impacts of the range of rates of ROE and rate base approved by its regulators,
the prudent management and approved recovery of operating costs, load (including the effects of weather) and the timing and amount of capital expenditures. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In 2017, Emera Maine&#146;s rate base is expected to grow modestly due to ongoing investment in transmission and distribution infrastructure resulting
in modest growth in earnings. Emera Maine expects to spend approximately USD$70 million in capital projects in 2017. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Caribbean </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Earnings from Emera Caribbean are most directly impacted by the rates of return on rate base approved by their regulators, capital structure, prudent
management, approved recovery of operating costs, load and the timing and scale of capital expenditures. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Barbados economy is predominantly
driven by tourism and is forecasted to grow modestly in 2017. However, the April 2016 credit downgrades by Moody&#146;s (and more recently S&amp;P in September 2016) of the long-term foreign and local currency sovereign ratings of Barbados,
highlights the lack of market confidence that economic recovery will be sustained. The economy of Grand Bahama is generally correlated to the United States economy. On December&nbsp;20, 2016, S&amp;P lowered its foreign and local currency sovereign
credit ratings on The Commonwealth of The Bahamas. This downgrade was driven by weak economic growth and spending pressure in The Bahamas as a result of Hurricane Matthew. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Overall, Emera Caribbean earnings in 2017 are expected to be slightly less than prior years, excluding the impact of the Q2 2016 gain recognized on the
self-insurance fund regulatory liability. This is a result of expected short term load decline in GBPC from Hurricane Matthew and higher interest charges in ECI on new debt issued in Q4 2016. Post hurricane load at GBPC is down approximately 10% as
compared to normal expectations; however, Emera&#146;s management anticipates that demand will recover to pre-storm levels by 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In support of
reducing carbon emissions and exposure to carbon based fuel sources, BLPC recently commissioned a 10 MW solar facility in Barbados, which became operational in Q2 2016. Emera Caribbean plans to invest approximately USD$109 million in capital
programs in 2017 (2016 - USD$49 million actual). This increase is due to spending on renewable, advanced metering infrastructure and street lighting projects. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Energy </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Energy Services </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Energy Services, Emera Energy&#146;s marketing and trading business, is generally dependent on market conditions. In particular, volatility in
electricity and natural gas markets, which can be influenced by weather, local supply constraints and other supply/demand factors, can provide higher levels of margin opportunity. The business is seasonal, with Q1 and Q4 generally providing the
greatest opportunity for earnings. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Planned investment by the industry in gas transportation infrastructure within Northeastern United
States over the next few years could reduce the degree of volatility recently experienced in the market, all other things being equal. This could negatively affect profitability during certain periods. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In addition to capitalizing on volatility-driven market opportunities, Emera Energy Services expects to continue to grow organically by building market
share through strong customer service, optimizing Emera Energy&#146;s portfolio to build on power margin, and expanding its geographic reach to adjacent markets, including the Mid-Atlantic region. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The business is generally expected to deliver net earnings of USD$15 to USD$30 million, with the opportunity for upside when market conditions present.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Energy Generation </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Earnings from Emera Energy
Generation&#146;s assets are largely dependent on market conditions, in particular, the relative pricing of electricity and natural gas, and capacity pricing for the New England Gas Generation Facilities. Efficient operations of the fleet to ensure
unit availability, cost management and effective commercial performance are key success factors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Adjusted earnings from Emera Energy&#146;s generating assets in
2017 are expected to be higher than 2016, reflecting higher capacity prices (see table below) that come into effect mid-year 2017. Emera Energy expects this increase to be partially offset by lower market spark spreads and reduced hedging
opportunities year-over-year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Bear Swamp&#146;s adjusted earnings are expected to be higher in 2017 mainly due to higher capacity revenues and fewer planned
maintenance outages as compared to 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In addition to energy margins and ancillary revenue, EE New England Gas Generation and Bear Swamp earn
revenue from capacity payments through the FCM, the annual reconfiguration capacity market and the monthly reconfiguration capacity market. Prices for the FCM, the largest of the components, are determined through an auction process held annually,
three years in advance, thus providing revenue visibility to 2021, presuming the facilities continue to be available to support their capacity obligations. Details of pricing and estimated revenues are outlined in the table below for EE New England
Gas Generation, and Emera Energy&#146;s 50% interest in Bear Swamp. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Forward Capacity Auction (&#147;FCA&#148;) Year</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
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<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Clearing&nbsp;Price&nbsp;in&nbsp;$/kW-</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">month&nbsp;(in&nbsp;USD)</FONT></B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Approximate Estimated Annual Capacity Revenue (in USD) </FONT><SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">FCA7 (June 2016 to May 2017)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">3.15</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">40 million&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">FCA8 (June 2017 to May 2018)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">7.025</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">100 million&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">FCA9 (June 2018 to May 2019)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">9.55 and 11.08<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">145 million&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">FCA 10 (June 2019 to May 2020)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">7.03</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">106 million&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">FCA 11 (June 2020 to May 2021)</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">5.297</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">80 million&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:3%; font-size:8pt; font-family:ARIAL" ALIGN="justify">(1)&nbsp;&nbsp;&nbsp;&nbsp;$11.08 was awarded for the Southeast Massachusetts/Rhode Island zone only and,
as such, applies only to Tiverton. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">In 2017, Emera Energy expects to invest approximately $46 million (2016 &#150; $39 million actual) in capital projects related
to its generating assets in order to further improve reliability and increase plant capacity. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Corporate and Other </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Corporate and Other includes corporate related costs which are dependent on the level of business development and activity and acquisition related
initiatives, which in 2017 will include equity investments in the Maritime Link Project and the Labrador-Island Transmission Link Project, project based construction services activity by Emera Utility Services, capital lease accounting treatment of
the Emera Brunswick Pipeline, corporate financing and other corporate activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Corporate and Other&#146;s contribution to consolidated Adjusted
net income is expected to be lower in 2017 primarily as the result of the 2016 gains associated with the sale of Emera&#146;s investment in APUC. This is partially offset by higher operating, maintenance and general (&#147;OM&amp;G&#148;) costs in
2016 related to the TECO Transaction and lower forecasted 2017 interest costs as a result of permanent financing in place for the TECO Transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Corporate and
Other, excluding ENL as discussed below, expects to spend approximately $13 million on property, plant and equipment in 2017 (2016 - $7 million actual). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>ENL
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Maritime Link </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">ENL&#146;s future earnings
contribution from the Maritime Link Project will be affected by the amount and timing of capital expenditures for construction activities, which will determine the component of costs to be funded by equity. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Maritime Link Project forecasted equity contributions for 2017 are $181 million, resulting in total equity contributions for the Maritime Link Project
estimated to be $442 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>LIL </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">ENL has an ongoing
equity investment opportunity in LIL. Future earnings of LIL are dependent on the amount and timing of additional equity investments and the approved ROE. LIL forecasted equity contributions for 2017 are $55 million, with total equity investment by
Emera in the project estimated to be $600 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Throughout construction of both Maritime Link and LIL, equity earnings in ENL are a result of
AFUDC on the related projects. Therefore, 2017 equity earnings contribution from ENL will be higher in 2017 than 2016 as a result of Emera&#146;s continued equity contribution while under construction resulting in higher equity levels and therefore
higher AFUDC earnings. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>DESCRIPTION OF THE BUSINESS </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>General </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera is an energy and services company with
approximately $29 billion in assets. Emera currently provides regional energy solutions by connecting its assets, markets and partners in Canada, the United States and the Caribbean. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera is focused on growing shareholder value by identifying reliable and affordable energy solutions for customers, typically involving the replacement
of higher carbon electricity generation with generation from cleaner sources, and the related transmission, distribution infrastructure and delivery of that energy to market. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has partnerships and relationships throughout the regions in which it operates and has
established a diverse investment and operations profile that links its assets and capabilities in those regions. At the core of Emera&#146;s strategy is the ability to leverage these particular linkages and adjacencies to create solutions for
customers and investment opportunities for the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The foundation of Emera&#146;s strategy is its collaborative approach to strategic
partnerships, its ability to find creative solutions to work within and across multiple jurisdictions, and its experience dealing with complex projects and investment structures. Emera and its subsidiaries had 7,442 employees at December&nbsp;31,
2016, approximately 39% of whom are unionized. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has grown its business through investments in its rate-regulated subsidiaries that are
beneficial to its customers. Emera&#146;s regulated subsidiaries include: </P> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Emera Florida and New Mexico (see &#147;Emera Florida and New Mexico&#148; section below); </P></TD></TR></TABLE>
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<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">NSPI (see &#147;NSPI&#148; section below); </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Emera Maine (see &#147;Emera Maine&#148; section below); and </P></TD></TR></TABLE>
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<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">BLPC, GBPC and Domlec (see &#147;Emera Caribbean&#148; section below). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has also grown its business through its non-regulated subsidiaries (Emera Energy (see &#147;Emera Energy&#148; section below) and Emera Utility
Services) and additional regulated and non-regulated strategic investments and activities that include: </P> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Emera&#146;s 100% investment in Maritime Link; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">Emera&#146;s 62.7% investment in the partnership capital of LIL; and </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">a 12.9% interest in M&amp;NP (see &#147;Corporate and Other&#148; section below). </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Florida and New Mexico </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Florida and New Mexico
consists of TECO Energy, TEC (which consists of two divisions, Tampa Electric and PGS), NMGC and TECO Finance. Tampa Electric provides electricity generation, transmission and distribution services in West Central Florida to approximately 736,000
customers with $9.5 billion in assets and 2,039 employees. PGS and NMGS are regulated gas distribution utilities, serving approximately 374,000 customers across Florida with $1.6 billion in assets and 539 employees, and 522,000 customers across New
Mexico with $1.1 billion in assets and 688 employees, respectively. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Tampa Electric and PGS are regulated separately by the FPSC. Tampa Electric is
also subject to regulation by the FERC. In general, the FPSC sets rates at a level that allows utilities such as Tampa Electric and PGS to collect total revenues or revenue requirements equal to their cost of providing service, plus an appropriate
return on invested capital. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NMGC is subject to regulation by the NMPRC. The NMPRC sets rates at a level that allows NMGC to collect total revenues
equal to their cost of providing service, plus an appropriate return on invested capital. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Market and Sales </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="17%"></TD></TR>
<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="9" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Emera Florida and New Mexico Revenue and Electricity Sales by Customer
Class</FONT></B></FONT></TD></TR>
<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Electric Revenues (%)</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">GWh Electric Sales Volumes
(%)</FONT></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">For the year ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL">December&nbsp;31</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2016<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2016<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>2015<SUP STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Residential</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">54.5</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">48.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">48.4</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Commercial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">30.1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">32.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">33.1</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">8.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">9.6</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">9.2</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">7.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">9.3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">9.3</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">-</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">100.0</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Financial results of Emera Florida and New Mexico are from July&nbsp;1, 2016. For additional information on the
acquisition of TECO Energy, refer to the &#147;Developments&#148; section of the MD&amp;A, which is incorporated herein by reference. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">2015 data is for comparison purposes only. TECO Energy was acquired on July&nbsp;1, 2016. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Tampa Electric </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">At December&nbsp;31, 2016, Tampa Electric
owned 4,730 MW of generating capacity, of which 60% was natural gas-fired, 35% was conventional coal-fired and 5% coal and petroleum coke using integrated gasification combined cycle technology. Tampa Electric owns 2,140 km of transmission
facilities and 18,370 km of distribution facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Tampa Electric is regulated by the FPSC under a cost-of-service model, with rates established
to recover prudently incurred costs of providing electricity service to customers and to provide an appropriate return consistent with investments of comparable risk to investors. Tampa Electric&#146;s target regulated ROE range is currently 9.25%
to 11.25%, on an allowed equity capital structure of 54%. Tampa Electric is also subject to regulation by the FERC in various respects, including wholesale power sales, certain wholesale power purchases, transmission and ancillary services, and
accounting practices. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Tampa Electric has a fuel-recovery clause, approved by the FPSC, allowing recovery of actual fuel costs from customers
through annual fuel rate adjustments. Differences between prudently incurred fuel costs for generation and purchased power and certain fuel-related costs and amounts recovered from customers through electricity rates are deferred to a fuel clause
regulatory asset or liability and recovered from or returned to customers in a subsequent year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Florida utilities must obtain franchises to operate
in certain municipalities. Tampa Electric has franchise agreements with 13 incorporated municipalities within its retail service area. These agreements have various expiration dates ranging from September 2017 through August 2043; all are expected
to be renewed under similar terms and conditions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>PGS </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The PGS system includes approximately 19,950 km of natural gas mains and 11,265 km of service lines. Gas mains are distribution lines that serve as a
common source of supply for more than one service line. Annual natural gas throughput (the amount of gas delivered to its customers, including transportation-only service) is 1.9 billion therms. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">PGS is regulated by the FPSC under a cost-of-service model, with rates established to recover prudently incurred costs of providing gas distribution
service to customers, and to provide an appropriate return consistent with investments of comparable risk to investors. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>NMGC </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NMGC
serves about 60% of New Mexico&#146;s population in 23 of its 33 counties. NMGC&#146;s system includes approximately 2,600 km of transmission lines and 16,400 km of mains. Annual natural gas throughput is approximately 775&nbsp;million therms.
NMGC&#146;s largest concentration of customers (approximately 360,000) is in the region known as the Central Rio Grande Corridor, which includes the communities of Albuquerque, Belen, Rio Rancho and Santa Fe. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NMGC is regulated by the NMPRC under a cost-of-service model, with rates established to recover prudently incurred costs of providing gas distribution
service to customers, and to provide an appropriate return consistent with investments of comparable risk to investors. NMGC&#146;s rates were established in a 2012 rate case settlement and are frozen until December&nbsp;31, 2017&nbsp;per the June
2016 NMPRC order (the &#147;2016 Order&#148;) approving Emera&#146;s acquisition of TECO Energy. Under the 2016 Order, NMGC will also provide customer credits of USD$4 million annually through June&nbsp;30, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Contribution to Consolidated Net Income </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Florida and
New Mexico&#146;s contribution to Emera&#146;s consolidated net income was USD$131 million in 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Seasonal Nature </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Electric and gas sales volumes are primarily driven by general economic conditions, population and weather. Residential and commercial electricity and
gas sales are seasonal. In Florida, Q3 is the strongest period for electricity sales, reflecting warmer weather and cooling demand. In New Mexico and Florida, Q1 is the strongest period for gas sales due to colder weather and heating demand. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Capital Expenditures </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Florida and New Mexico&#146;s
capital expenditures in 2016 for the post-acquisition period from July&nbsp;1, 2016 to December&nbsp;31, 2016 were $573 million. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Environmental Considerations
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Tampa Electric has an environmental cost recovery clause (&#147;ECRC&#148;) which allows the company to earn a return on investments in new
facilities to comply with new environmental regulations and to recover the costs to operate and maintain these facilities. Through its conservation cost recovery clause, Tampa Electric also offers its customers a comprehensive array of residential
and commercial programs that have enabled the company to meet its required demand side management goals, reduce weather-sensitive peak demand and conserve energy. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Tampa Electric operates fossil fuel burning power plants with air emissions regulated by the <I>Clean Air Act</I> and material <I>Clean Water Act</I>
implications and impacts by federal and state legislative initiatives. Tampa Electric has achieved the emission-reduction levels called for in Phase I and Phase II of CAIR and these expenses were rate recoverable under the Florida ECRC as approved
by the FPSC. Similarly, future expenses should be eligible for recovery upon petition by Tampa Electric and approval by the FPSC. On July&nbsp;7, 2011, EPA released its final CAIR-replacement rule, called CSAPR. An update to CSAPR was finalized on
October&nbsp;26, 2016 and will be implemented in 2017. Based on updated EPA modeling and favorable consideration of atmospheric dynamics, Florida is no longer subject to CSAPR requirements. However, Florida (including Tampa Electric power plants)
could be subject to a future version of CSAPR as a result of an expected update triggered by compliance with the more stringent 2015 ozone standard or ongoing litigation related to current rule applicability. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Nova Scotia Power </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI is the primary electricity supplier in Nova Scotia, providing electricity generation, transmission and distribution services in Nova Scotia to
approximately 511,000 customers with approximately $4.8 billion in assets and approximately 1,800 employees. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI is a public utility as defined in
the <I>Public Utilities Act</I> and is subject to regulation under the <I>Public Utilities Act</I> by the UARB. The <I>Public Utilities Act</I> gives the UARB supervisory powers over NSPI&#146;s operations and expenditures. Electricity rates for
NSPI&#146;s customers are also subject to UARB approval. NSPI is not subject to a general annual rate review process, but rather participates in general rate setting processes from time to time at its application or at the UARB&#146;s request. NSPI
is regulated under a cost of service model, with rates set to recover prudently incurred costs of providing electricity service to customers and provide an appropriate return to investors. NSPI&#146;s approved regulated ROE range is 8.75% to 9.25%,
based on an actual five-quarter average regulated common equity component of up to 40%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI has a FAM, approved by the UARB, allowing NSPI to
recover fluctuating fuel expenses from customers through annual fuel rate adjustments. Differences between prudently incurred fuel costs and amounts recovered from customers through electricity rates in a year are deferred to a FAM regulatory asset
or liability and recovered from or returned to customers in a subsequent year. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As at December&nbsp;31, 2016 the FAM has a net liability balance of
$94 million (2015 - $28.3 million net asset). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Market and Sales </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="18%"></TD>
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<TD WIDTH="17%"></TD></TR>


<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" COLSPAN="9" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">NSPI Revenue and Electricity Sales by Customer
Class</FONT></B></FONT></P></TD></TR>
<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Electric Revenues (%)</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">GWh&nbsp;Electric&nbsp;Sales&nbsp;
Volumes&nbsp;(%)</FONT></B></FONT></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">For the year ended</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:11pt; font-family:ARIAL">December&nbsp;31</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>2015</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Residential</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">51.9</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">51.5</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">42.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">43.1</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Commercial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">30.1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">29.5</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">30.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">30.1</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.8</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">15.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">24.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">23.6</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">3.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">3.6</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">2.9</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">3.2</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">100.0</TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Energy Sources and Generation </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI&#146;s energy sources for its electric energy generation are coal, petroleum coke, natural gas, heavy fuel oil, hydroelectric energy, light fuel
oil (gas turbine), biomass and wind. NSPI also purchases electric energy from IPPs in the Province of Nova Scotia and neighbouring markets outside the Province of Nova Scotia. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI owns 2,487 MW of generating capacity, of which approximately 43% is coal-fired; 29% is natural gas and/or oil comprised; 19% is hydro and wind; 7%
is petroleum coke and 2% is biomass-fueled generation. The total NSPI-owned generation capacity is 2,487 MW, which is supplemented by 530 MW contracted with IPPs and Community Feed-In Tariff participants (which is expected to increase to 547 MW in
2017). NSPI meets the planning criteria for reserve capacity established by the Maritime Control Area and the Northeast Power Coordinating Council. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Comparative costs of fuel sources fluctuate from year to year. For information describing the
percentage of total electric energy generated by fuel source and for information related to the cost of electricity generation, see the &#147;NSPI Regulated Fuel for Generation and Purchased Power&#148; section of the MD&amp;A, which is incorporated
herein by reference. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>System Operations </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The ECC
co-ordinates and controls the electric generation and transmission and distribution facilities. The ECC is linked to the generating stations and other key facilities through the Supervisory Control and Data Acquisition system, a communication
network used by system operators for remote monitoring and control of the power system components. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Through an interconnection agreement with NB
Power, NSPI&#146;s system has access to other regional power systems and the rest of the interconnected North American electric bulk power systems. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Transmission
and Distribution </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI transmits and distributes electricity from its generating stations to its customers. NSPI&#146;s transmission system
consists of approximately 5,000 km of transmission facilities. The distribution system consists of approximately 27,000 km of distribution facilities. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Contribution to Consolidated Net Income </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI&#146;s
contribution to Emera&#146;s consolidated net income was $130 million in 2016 ($130 million in 2015). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Seasonal Nature </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Electric sales volume is primarily driven by general economic conditions, population, weather and demand side management. Residential and commercial
electricity sales are seasonal in the Province of Nova Scotia, with Q1 typically being the strongest period, reflecting colder weather and fewer daylight hours in the winter season. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Capital Expenditures </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI&#146;s capital expenditures in
2016 were $309 million (2015 - $274 million). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The UARB prescribes and approves depreciation rates and regulated accounting policies. Depreciation
rates are reviewed periodically. A settlement agreement on depreciation rates became effective on January&nbsp;1, 2012. The overall impact of this settlement agreement on the average depreciation rate was immaterial. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Environmental Considerations </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">NSPI is subject to regulation
by federal, provincial and municipal authorities with regard to environmental matters, primarily through its utility operations. In addition to imposing continuing compliance obligations, there are laws, regulations and permits authorizing the
imposition of penalties for non-compliance, including fines, injunctive relief and other sanctions. The cost of complying with current and future environmental requirements is material to NSPI. Failure to comply with environmental requirements or to
recover environmental costs in a timely manner through rates could have a material adverse effect on NSPI. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Conformance with legislative and NSPI&#146;s requirements is verified through a comprehensive
environmental audit program. There were no significant environmental or regulatory compliance issues identified during the audits completed to December&nbsp;31, 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Province of Nova Scotia has established targets with respect to the percentage of renewable energy in NSPI&#146;s generation mix. The most recent
target for each year of 2015 through 2019 was 25% of electrical energy which will be derived from renewable sources. That target was exceeded for 2016, with 28% of NSPI&#146;s generation mix coming from renewable sources. In 2020, the target is 40%
of electrical energy to be derived from renewable sources. The Maritime Link Project will supply 153 MW of firm, on-peak power and approximately 900 GWh per year of renewable electricity to help NSPI meet the legislated target of 40% renewable
electricity in 2020. NSPI plans to retire a coal-fired generating unit following the commencement of commercial operations of the Maritime Link. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On
April&nbsp;8, 2016, the Province of Nova Scotia amended the Renewable Electricity Regulations to remove a legal requirement to operate the Company&#146;s Port Hawkesbury biomass plant as a must-run facility which allows the Company flexibility in
operating the facility to meet its renewable targets and delivering fuel savings to customers. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">For further information on environmental regulations
affecting NSPI, see NSPI&#146;s Annual Information Form. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Maine </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Maine&#146;s transmission operations are regulated by FERC, and its distribution operations and stranded cost recoveries are regulated by the
MPUC. Electricity generation is deregulated in Maine, and several suppliers compete to provide customers with the energy delivered through the utility&#146;s transmission and distribution networks. Throughout the discussion below, various references
are made to the two predecessor entities to Emera Maine (Bangor Hydro and MPS), which existed as separate entities until December&nbsp;31, 2013. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Maine has approximately $1.5 billion of assets and approximately $1.0 billion of net rate base. Emera Maine owns and operates approximately 1,800
km of transmission facilities and 15,000 km of distribution facilities and has a workforce of approximately 400 people. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Market and Sales </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Approximately 52% of Emera Maine&#146;s electric revenue represents distribution operations, 35% is associated with local transmission operations and
13% relates to stranded cost recoveries. The rates for each element are established in distinct regulatory proceedings. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="9" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#4f82bd"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Emera Maine Revenue and Electricity Sales by Customer Class</B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>Electric&nbsp;Revenues&nbsp;(%)</B></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>GWh&nbsp;Electric&nbsp;Sales&nbsp;Volumes&nbsp;(%)</B></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt">For the year ended<BR>December&nbsp;31</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>2015</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Residential</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">48.1</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.5</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">40.9</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">39.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Commercial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">37.5</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">36.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">40.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">38.5</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">8.1</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">8.8</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">21.1</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">6.3</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">7.5</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">100.0</TD></TR>
</TABLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Distribution Operations </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Emera Maine&#146;s distribution businesses operate under a traditional cost-of-service regulatory structure, and distribution rates are set by the MPUC. Prior to
December&nbsp;21, 2016 the ROE upon which rates are set was 9.55% with a common equity component of 49%. On December&nbsp;21, 2016, Emera Maine&#146;s distribution rates increased 3.75% which was based on a 9% ROE and a common equity component of
49%. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Transmission Operations </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">There are two transmission districts for
Emera Maine, corresponding to the service territories of the two pre-merger entities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Bangor Hydro District Transmission </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Local transmission rates for Bangor Hydro District are regulated by the FERC and set annually on June&nbsp;1, based on a formula utilizing prior year
actual transmission investments, adjusted for current year forecasted transmission investments. The common equity component is based upon the prior calendar year actual average balances. On October&nbsp;16, 2014, FERC issued an order in response to
a challenge to the ISO-NE Open Access Transmission Tariff (&#147;OATT&#148;) base ROE, which reduced the ROE from 11.14% to 10.57% for the period of October&nbsp;1, 2011 to December&nbsp;31 2012 and set 10.57% as the ROE rate effective
October&nbsp;16, 2014. The October&nbsp;16, 2014 FERC order is currently under appeal in the DC Circuit Court and there are three additional pending complaints filed with the FERC to challenge the ISO-NE OATT allowed base ROE. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Effective June&nbsp;1, 2016, the average retail transmission rates for the Bangor Hydro District increased by approximately 2% in connection with its
annual transmission formula rate filing (2015 &#150; increased by 21%). The increase is associated primarily with the recovery of increased transmission plant in service and as a result of the prior year tariff rate, including a rate refund related
to the aforementioned FERC ROE decision. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Bangor Hydro District&#146;s bulk transmission assets are managed by ISO-NE as part of a region-wide
pool of assets. ISO-NE manages the region&#146;s bulk power generation and transmission systems and administers the OATT. Currently, the Bangor Hydro District along with all other participating transmission providers, recovers the full cost of
service for its transmission assets from the customers of participating transmission providers in New England, based on a regional FERC approved formula that is updated June&nbsp;1 each year. This formula is based on prior year regionally funded
transmission investments, adjusted for current year forecasted investments. The participating transmission providers are also required to contribute to the cost of service of such transmission assets on a ratable basis according to the proportion of
the total New England load that their customers represent. The common equity component is based upon the prior calendar year average balances. On October&nbsp;16, 2014, FERC issued an order in response to a challenge to the ISO-NE OATT, which
reduced Bangor Hydro District&#146;s ROE for these transmission investments which ranged from 11.64% up to 12.64% to 11.07% up to 11.74%. There are currently three pending aforementioned complaints filed with FERC. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>MPS District Transmission </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Local transmission rates for MPS
District are regulated by the FERC and are set annually on June&nbsp;1 for wholesale and July&nbsp;1 for retail customers, based on a formula utilizing prior year actual transmission investments and expenses, adjusted for current year forecasted
investments. The current ROE for transmission operations is 10.2%. The common equity component is based upon the prior calendar year actual average balances. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Effective June&nbsp;1, 2016 the transmission rates for the MPS District increased by approximately 43%
for wholesale customers (2015 &#150; decreased by 1%) and on July&nbsp;1, 2016 increased by 36% for retail customers (2015 &#150; decreased by 22%) in connection with its annual transmission formula rate filing. Transmission rates in the MPS
District for retail and wholesale customers can vary from year to year due to changes in the amount of export sales revenue received, the amount of transmission plant in service, the amount of operating cost to maintain the transmission system and
the approved return on equity. The increase in the retail and wholesale transmission rates in 2016 is due to the increased investment of plant in service required to replace aging infrastructure. On April&nbsp;1, 2015, as amended May&nbsp;1, 2015,
Emera Maine filed a revised Maine Public District OATT formula which was challenged by the Maine Customer Group and is currently subject to settlement discussions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The MPS District electric service territory is not connected to the New England bulk power system and it is not a member of ISO-NE. As a result, MPS
District is not a party to the previously discussed ROE complaints at the FERC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Stranded Cost Recoveries </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Stranded cost recoveries in Maine are set by the MPUC. Electric utilities are entitled to recover all prudently incurred stranded costs resulting from
the restructuring of the industry in 2000 that could not be mitigated or that arose as a result of rate and accounting orders issued by the MPUC. Unlike transmission and distribution operational assets, which are generally sustained with new
investment, the net stranded cost regulatory asset pool diminishes over time as elements are amortized through charges to income and recovered through rates. Generally, regulatory rates to recover stranded costs are set every three years, determined
under a traditional cost-of-service approach and are fully recoverable. On July&nbsp;1 of each year, stranded cost rates are adjusted to reflect recovery of cost deferrals for the prior stranded costs rate year under the full recovery mechanism, as
well as factor in any new stranded cost information. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Bangor Hydro District Stranded Costs </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Bangor Hydro District&#146;s net regulatory assets primarily include the costs associated with the restructuring of an above-market power purchase
contract and deferrals associated with reconciling stranded costs. These net regulatory assets total approximately $11.4 million as at December&nbsp;31, 2016 (2015 &#150;$19.7 million) or 1.0% of Emera Maine&#146;s net asset base (2015 &#150; 1.8%).
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Bangor Hydro District is currently undergoing a stranded cost rate proceeding with the MPUC to set rates for the period March&nbsp;1, 2017 to
February&nbsp;28, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">While the stranded cost revenue requirements differ throughout the period due to changes in annual stranded costs, the
actual annual stranded cost revenues are the same during the period. To stabilize the impact of the varying revenue requirements, cost or revenue deferrals are recorded as a regulatory asset or liability, and addressed in subsequent stranded cost
rate proceedings, where customer rates are adjusted accordingly. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>MPS District Stranded Costs </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Effective January&nbsp;1, 2015, the stranded cost rates for the MPS District decreased by approximately 150%. This was principally due to the flow-back
to customers of certain benefits received by Emera Maine from Maine Yankee associated with litigation with the United States Department of Energy on nuclear waste disposal. On July&nbsp;1, 2016, stranded cost rates further decreased by 7.6% to flow
back over-collections associated with stranded cost reconciliation deferrals. The allowed ROE used in setting the new rates on January&nbsp;1, 2015 was 6.75%, with a common equity </P>
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component of 48%. The reduced stranded cost revenues are offset by reductions in expense and do not affect earnings. The Maine Public district is currently undergoing a stranded cost rate
proceeding with the MPUC to set rates for the period March&nbsp;1, 2017 to February&nbsp;28, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Contribution to Consolidated Net Income </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Maine&#146;s contribution to consolidated net income was flat at USD$36 million in 2016. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Seasonal Nature </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Electricity sales in Maine vary
significantly over the year; Q1 and Q3 are typically the strongest. Q1 reflects colder weather and few daylight hours in the winter season, while Q3 reflects the hotter summer weather and the impact of summer tourism in the state. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Capital Expenditures </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Maine&#146;s capital
expenditures for the year ended 2016 were approximately $86 million (2015 &#150; $66 million). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Environmental Considerations </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Maine is regulated by the U.S. Environmental Protection Agency for compliance with the Federal Water Pollution Control Act, the Clean Air Act, and
other U.S. federal statutes governing the treatment and disposal of hazardous wastes. Emera Maine is also regulated by the State of Maine&#146;s Department of Environmental Protection. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Caribbean </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, Emera
Caribbean includes a 100% (December 31, 2015 &#150; 95.5%) investment in ECI and its wholly owned subsidiary BLPC, a 50% direct (through ECHL) and 30.4% indirect interest in GBPC (through a 60.7% interest in ICDU held by ECHL), a 51.9% indirect
controlling interest (December 31, 2015 &#150; 49.6%), through ECI, in Domlec and a 19.1% indirect interest (December 31, 2015 &#150; 18.2%), through ECI, in Lucelec. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>BLPC </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC is a vertically-integrated utility and the
provider of electricity on the Caribbean island of Barbados with approximately $0.5 billion of assets. It serves approximately 126,000 customers, has a workforce of approximately 325 employees and is regulated by the Fair Trading Commission,
Barbados. The government of Barbados has granted to BLPC a franchise to generate, transmit and distribute electricity on the island until 2028. Emera acquired its indirect interest in BLPC through the purchase of approximately 80.1% of the
outstanding common shares of LPH, now ECI, and the parent company of BLPC in 2010. In 2015, Emera increased its ownership interest in BLPC to 95.5%. Emera initiated a process to purchase the remaining 4.5% of common shares from minority shareholders
of ECI, which was completed on February&nbsp;25, 2016. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC is regulated under a cost-of-service model, with rates set to recover prudently
incurred costs of providing electricity service to customers, and providing an appropriate return to investors. BLPC&#146;s approved allowable regulated return on rate base for 2016 and 2015 was 10%. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">A fuel pass-through mechanism provides the opportunity to recover all fuel costs in a timely manner. The Fair Trading Commission, Barbados has approved
the calculation of the fuel charge, which is adjusted on a monthly basis. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Domlec </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Domlec is a vertically-integrated utility on the island of Dominica with approximately $0.1 billion of assets. Domlec serves approximately 36,000
customers, has a workforce of approximately 200 employees, and is regulated by the IRCD. On October&nbsp;7, 2013, the IRCD issued a Transmission, Distribution&nbsp;&amp; Supply License and a Generation License, both of which came into effect on
January&nbsp;1, 2014 for a period of 25 years. These new licenses replaced the existing license, which was due to expire on December&nbsp;31, 2015. Domlec&#146;s approved regulated return on rate base for 2016 and 2015 was 15%. A fuel pass-through
mechanism provides the opportunity to recover substantially all fuel costs in a timely manner. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>GBPC </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">GBPC is a vertically-integrated utility and the sole provider of electricity on Grand Bahama Island in the Bahamas with approximately $0.4 billion of
assets. GBPC serves approximately 19,000 customers, has a workforce of approximately 185 employees and is regulated by the GBPA. The GBPA has granted GBPC a licensed, regulated and exclusive franchise to generate, transmit and distribute electricity
on the island until 2054. GBPC&#146;s approved regulated return on rate base was 8.8% for 2016 and 10% for 2015. A fuel pass-through mechanism provides the opportunity to recover fuel costs in a timely manner. ECHL holds its indirect interest in
GBPC through ICDU, which owns a 50% interest in GBPC. ICDU is listed on the Bahamas International Securities Exchange. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On June&nbsp;29, 2012, GBPC
announced a new regulatory rate structure which was approved by the GBPA and became effective July&nbsp;1, 2012. The new regulatory rate structure consists of two components: (i)&nbsp;a base rate intended to recover GBPC&#146;s operating expenses,
depreciation and return on capital investment; and (ii)&nbsp;a fuel charge intended to recover all of GBPC&#146;s fuel costs. On January&nbsp;17, 2013, GBPC and the GBPA finalized an Operating Protocol and Regulatory Framework agreement which
formalized the operating protocols and regulatory construct that GPC had previously agreed to in principle. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Effective February&nbsp;1, 2016, the
GBPA approved GBPC&#146;s regulated return on base of 8.8% for the 2016 through 2018 period. Residential customers will see decreases of up to 4.5%, while commercial customers will see an increase of 1.5%. This rate decision also allowed customers
to install renewable energy systems and sell their excess energy to GBPC via a renewable energy rider. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In October 2016, the island of Grand Bahama
took a direct hit from Hurricane Matthew. GBPC&#146;s generation and substation infrastructure weathered the storm well, however over 2,100 transmission and distribution poles and related conductor were damaged or destroyed, as were many connections
to customer homes. Restoration efforts are now completed. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In December 2016, the GBPA approved that over a five year period, 2017 to 2021, the
all-in rate for electricity (fuel and base rates) will be held at 2016 levels. Any over-recovery of fuel costs during this period will be applied to the Hurricane Matthew regulatory deferral, until such time as the deferral is recovered. Should GBPC
recover funds in excess of the Hurricane Matthew regulatory deferral, the excess will be placed in a new storm reserve. If balances remain within the Hurricane Matthew deferral at the end of five years, GBPC will have the opportunity to request
recovery from customers in future rates. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As a component of its regulatory agreement GBPC has an earnings share mechanism to allow for earnings
on rate base to be deferred to a regulatory asset or liability at the rate of 50% of amounts below a 7.8% return on rate base and 50% of amounts above 9.8% return on rate base respectively. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Lucelec </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Lucelec is a vertically-integrated regulated
electric utility on the Caribbean island of St. Lucia. Lucelec is listed on the Eastern Caribbean Securities Exchange. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Market and Sales </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="17%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="19%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="9" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#4f82bd"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><FONT COLOR="#ffffff"><B>Emera Caribbean Revenue and Electricity Sales by Customer
Class<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Electric Revenues (%)</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="3" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>GWh Electric Sales Volumes (%)</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt">For the year ended<BR>December&nbsp;31</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2015</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>2015</B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Residential</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">33.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">32.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">34.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">33.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Commercial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">57.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">57.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">57.2</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">56.8</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Industrial</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">7.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">8.8</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">6.7</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">7.7</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Other</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1.9</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1.8</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1.4</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">1.8</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">100.0</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">100.0</TD></TR>
</TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Information included above includes 100% of BLPC, GBPC and Domlec. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Energy Sources and Generation </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC&#146;s and GBPC&#146;s
energy sources for its electricity generation is primarily heavy fuel oil used for base load generation and light fuel oil used for peaking generation. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC owns approximately 239 MW of generation comprised of: (i)&nbsp;5 gas turbine units with a combined capacity of 86 MW (light oil and jet fuel
oil-fired); (ii)&nbsp;6 diesel units with a combined capacity of 113 MW (heavy oil-fired); and (iii)&nbsp;2 steam units with a combined capacity of 40 MW (heavy oil-fired). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">GBPC owns approximately 98 MW of heavy fuel oil-fired and medium and slow speed diesel generating units. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Domlec owns approximately 20 MW of oil-fired generation and 7 MW of hydro production. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Comparative costs of fuel sources fluctuate from year to year. For information describing the percentage of total electric energy generated by fuel
source and for information related to the cost of electricity generation, see the &#147;Regulated Fuel for Generation, Purchased Power and Cost of Natural Gas&#148; section of the MD&amp;A, which is incorporated herein by reference. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>System Operation </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC, GBPC and Domlec have system control
centers which co-ordinate and control the electric generation and transmission facilities with the goal of providing a reliable and secure electricity supply while maintaining economy of operations. The system control centre is linked to the
generating stations and other key parts of the system by the &#147;Supervisory Control and Data Acquisition&#148; system, a voice and data communications network. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Transmission and Distribution </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC, GBPC and Domlec transmit and distribute electricity from their generating stations to their customers. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">BLPC&#146;s transmission system consists of 150 km of transmission lines, including major substations connected to the transmission and distribution
system. The distribution system consists of 2,800 km of distribution lines which includes distribution supply substations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">GBPC&#146;s transmission
system consists of 138 km of transmission lines, including major substations connected to the transmission and distribution system. The distribution system consists of approximately 860 km of distribution lines which includes distribution supply
substations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Domlec&#146;s transmission system consists of 497 km of transmission lines, including major substations connected to the transmission
and distribution system. The distribution system consists of approximately 716 km of distribution lines which includes distribution supply substations. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Contribution to Consolidated Net Income </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera
Caribbean&#146;s contribution to Emera&#146;s consolidated net income was USD$77 million in 2016 (USD$31 million in 2015). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Seasonal Nature </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Electricity sales and related generation varies significantly over the year in the Caribbean; Q3 is typically the strongest period, reflecting warmer
weather. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Capital Expenditures </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Caribbean&#146;s
capital expenditures for the year ended 2016 were approximately $87 million (2015 &#150; $44 million). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Environmental Considerations </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Caribbean has implemented a Health Safety Environmental and Management system to assist in safeguarding the health and safety of its employees,
contractors and customers while ensuring protection of the environment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Energy </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Energy consists of Emera&#146;s wholly owned Emera Energy Services, EE New England Gas Generation, Bayside Power LP and Brooklyn Energy; and
Emera&#146;s indirect 50% interest in Bear Swamp. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Energy Services </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Energy Services derives revenue and earnings from the wholesale marketing and trading of natural gas, electricity and other energy-related
commodities and derivatives within the Company&#146;s strict risk tolerances, including those related to value-at-risk (VaR) and credit exposure. More specifically, Emera Energy purchases and sells physical natural gas and related transportation
capacity rights, as well as providing related energy asset management services. Emera Energy Services is also responsible for commercial management of electricity production and fuel procurement for Emera Energy Generation&#146;s fleet. Established
in 2002, Emera Energy&#146;s marketing and trading business currently has approximately 90 employees engaged in commercial activities and related back office, legal and other support functions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">
The primary market for the marketing and trading business is northeastern North America, including the Marcellus shale gas region, the U.S. Gulf Coast and Central Canada. Its counterparties
include electric and gas utilities, natural gas producers, electricity generators and other marketing and trading entities. Marketing and trading operates in a competitive environment, and its business relies on knowledge of the region&#146;s energy
markets, understanding of pipeline infrastructure, a network of counterparty relationships and a focus on customer service. Emera Energy Services invests in physical transportation capacity rights to move gas across its portfolio, utilizes financial
products to hedge commodity prices, and minimizes open commodity positions in order to maintain the low to moderate risk profile of its marketing and trading business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Energy Generation </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Energy wholly owns and
operates a portfolio of high efficiency, non-utility electricity generating facilities in northeast North America. Emera Energy has approximately 115 employees in its wholly owned generation business. The New England facilities participate in the
regional capacity market and are compensated for being available to provide power. For the portion of output not committed under power purchase agreements, Emera Energy&#146;s generation facilities sell into price-based competitive markets and earn
revenues through the physical delivery of power and ancillary services, such as load regulation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Market and Sales </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Information regarding these facilities is summarized in the following table: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="29%"></TD></TR>
<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT
 COLOR="#ffffff">&nbsp;&nbsp;Wholly&nbsp;Owned</FONT></B></FONT></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Generation</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Facilities</FONT></B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Location</FONT></B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Capacity</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">(MW)</FONT></B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Commissioning&nbsp;/&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">In-Service Date</FONT></B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">Fuel</FONT></B></FONT></P>
<P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><FONT COLOR="#ffffff"><B><FONT
 COLOR="#ffffff">Description</FONT></B></FONT></P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>New
England</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Bridgeport <SUP
STYLE="font-size:85%; vertical-align:top">(1)</SUP></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Connecticut</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">560</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1999</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Natural&nbsp;gas</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Selling electricity and capacity to ISO-NE</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Tiverton <SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">Rhode Island</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">290</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000">2000</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Natural gas</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">Selling electricity and capacity to ISO-NE</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Rumford</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Maine</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">265</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">2000</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Natural gas</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Selling electricity and capacity to ISO-NE</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"><B>Total New England</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>1,115</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>Maritime Canada</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Bayside</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">New&nbsp;Brunswick</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">290</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000">2001</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Natural gas</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">Long-term power purchase agreement November - March; Selling electricity to Maritime Provinces and ISO-NE for remainder of year</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Brooklyn</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Nova Scotia</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">30</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1996</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Biomass</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Long-term power purchase agreement</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"><B>Total Maritime Canada</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>320</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>1,435</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
</TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">A Q2 2015 upgrade at Bridgeport increased its nameplate capacity from 540 MW to 560 MW. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">A Q4 2016 upgrade at Tiverton increased its nameplate capacity from 265 MW to 290 MW. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 41
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Information regarding Emera Energy&#146;s equity investment in Bear Swamp is summarized below: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="21%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="15%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="8%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD></TR>
<TR BGCOLOR="#548ed4" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Investments&nbsp;in<BR>&nbsp;&nbsp;Generation&nbsp;Facilities&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Ownership&nbsp;(%)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Location</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Capacity&nbsp;&nbsp;&nbsp;&nbsp;<BR>&nbsp;&nbsp;(MW)</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Fuel</FONT></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><FONT COLOR="#ffffff"><B><FONT COLOR="#ffffff">&nbsp;&nbsp;Description</FONT></B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>New
England</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Bear Swamp</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">50</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;Massachusetts&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">600</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;Hydro&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:10pt; font-family:ARIAL">Long-term power purchase agreement and selling electricity and capacity to ISO-NE</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Information regarding Emera Energy&#146;s revenues is summarized below: </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="33%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" COLSPAN="5" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt"><B>Emera Energy Revenue</B></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"><B>For the year ended December&nbsp;31</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>2016</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt"><B>2015</B></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Electricity sales</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">$406</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">$463</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Capacity
revenues</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">$47</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">$44</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL">Marketing and trading margin</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">$58</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">$85</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:ARIAL"><B>Total</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">$511</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">$592</TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Contribution to Consolidated Net Income and Adjusted Net Income </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">For the year ended December&nbsp;31, 2016, Emera Energy&#146;s contribution to consolidated net income decreased $209 million to a loss of $(110) million compared to
$99 million during the same period in 2015. Adjusted for after-tax derivative mark-to-market and the amortization of transportation capacity, Emera Energy&#146;s adjusted contribution to consolidated net income decreased by $106 million to $24
million in 2016 compared to $130 million during the same period in 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Seasonal Nature </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The electricity generation business in the northeast of the United States is seasonal. Q1, Q3 and Q4 are generally the strongest periods, reflecting
colder weather, and fewer daylight hours in the winter season, and cooling load in the summer. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Capital Expenditures </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Energy&#146;s capital expenditures for the year ended 2016 were approximately $39 million (2015 &#150; $42 million). The 2016 capital expenditures
included a Q4 2016 upgrade at the Tiverton facility that increased the nameplate capacity from 265 MW to 290 MW. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Environmental Considerations </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">EE New England Gas Generation is subject to the Regional Greenhouse Gas Initiative (RGGI) for carbon dioxide emissions and the Acid Rain Program for
sulphur dioxide emissions. EE New England Gas Generation emits approximately two million tons of carbon dioxide per year. The amount of sulphur dioxide emitted is not considered significant. Changes to these emissions programs could adversely impact
financial and operational performance. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Corporate and Other </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Corporate and Other consists of Emera&#146;s consolidated investment in Emera Utility Services, Emera Reinsurance and Emera&#146;s non-consolidated
investments in ENL, NSP Maritime Link Inc., LIL, EBPC, M&amp;NP, APUC and OpenHydro. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Emera Utility Services </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera Utility Services Inc., a wholly owned direct subsidiary of Emera, provides utility construction services in the Atlantic Provinces. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>ENL </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has a 100% investment in Maritime Link, the
company constructing a $1.56 billion transmission project, including two 170-km subsea cables, between the island of Newfoundland and the Province of Nova Scotia. The investment in Maritime Link is accounted for on the equity basis with equity
earnings equal to the ROE component of AFUDC, which will continue until the Maritime Link Project goes into service. This project is scheduled to be completed in Q4 2017 and go into service by January&nbsp;1, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>LIL </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has a 62.7% investment in the partnership capital
of LIL, which is a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the transmission of Muskrat Falls energy between Labrador and the island of Newfoundland. Emera&#146;s percentage ownership in LIL is subject to
change based on the balance of capital investments required from Emera and Nalcor to complete construction of the LIL. Emera&#146;s ultimate percentage investment in LIL will be determined on completion of the LIL and final costing of all
transmission projects related to the Muskrat Falls development, including the LIL, Labrador Transmission Assets and Maritime Link projects, such that Emera&#146;s total investment in the Maritime Link and LIL will equal 49% of the cost of all of
these transmission developments. The investment in LIL is accounted for on the equity basis. This project is expected to go into service in Q2 2018. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>EBPC
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">EBPC owns Brunswick Pipeline, a 145-km pipeline delivering re-gasified natural gas from the Canaport LNG import terminal near Saint John, New Brunswick to
markets in the Northeastern United States. The pipeline travels through southwest New Brunswick and connects with M&amp;NP at the Canada/US border near Baileyville, Maine. Since its commissioning in July 2009, the pipeline has been used solely to
transport natural gas for RECL under a 25 year firm service agreement. Brunswick Pipeline is regulated by the NEB, which has classified it as a Group II pipeline. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>M&amp;NP </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Emera owns a 12.9% interest in M&amp;NP, which is a 1,400 km
pipeline that transports natural gas from offshore Nova Scotia to markets in Maritime Provinces and the Northeastern United States. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Contribution to Consolidated
Net Income </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Corporate and Other&#146;s contribution to Emera&#146;s consolidated net income decreased $194 million to a loss of $112 million.
Included in the fiscal 2016 results is an after-tax mark-to-market loss of $114 million for the year ended December&nbsp;31, 2016 (2015 &#150; gain of $98 million) primarily related to the effect of the Debenture Offering, USD-denominated currency
revaluation and forward contracts put in place to hedge the anticipated proceeds from the Final Instalment. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Capital Expenditures </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Corporate and Other capital expenditures for the year ended 2016 were approximately $8 million (2015 &#150; $10.0 million). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Environmental Considerations </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Brunswick Pipeline is regulated by the NEB and
subject to both federal and provincial environmental regulations. Brunswick Pipeline has comprehensive integrity, safety and environmental programs in place, including an environmental management system and regularly scheduled physical inspections
of the pipeline. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Economic Dependence </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Brunswick
Pipeline has a 25-year firm transport or pay service agreement with RECL, which runs to 2034. The risk of non-payment is mitigated as Repsol, the parent company of RECL, has provided EBPC with a guarantee for all RECL&#146;s payment obligations
under the firm service agreement. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>Risk Factors </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">See the &#147;Enterprise Risk and Risk Management&#148; section of the MD&amp;A and &#147;Principal Risks and Uncertainties&#148; in the Commitments and
Contingencies note to Emera&#146;s financial statements for the year ended December&nbsp;31, 2016, which are each incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT
 COLOR="#365f91"><B>CAPITAL STRUCTURE </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The authorized capital of Emera consists of an unlimited number of common shares, an unlimited
number of first preferred shares and an unlimited number of second preferred shares. Each class of preferred shares is issuable in series. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As at
December&nbsp;31, 2016, 210,024,388 common shares, 3,864,636 Series A First Preferred Shares, 2,135,364 Series B First Preferred Shares, 10,000,000 Series C First Preferred Shares, 5,000,000 Series E First Preferred Shares and 8,000,000 Series F
First Preferred Shares were issued and outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Common Shares </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of common shares are entitled to receive notice of and to attend all annual and special meetings of the shareholders of Emera, other than
separate meetings of holders of any other class or series of shares, and to one vote in respect of each common share held at such meetings. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The
holders of common shares are entitled to dividends on a pro rata basis, as and when declared by the Board. Subject to the rights of the holders of the first preferred shares and second preferred shares, if any, who are entitled to receive dividends
in priority to the holders of the common shares, the Board may declare dividends on the common shares to the exclusion of any other class of shares of Emera. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">On the liquidation, dissolution or winding-up of Emera, holders of common shares are entitled to
participate rateably in any distribution of assets of Emera, subject to the rights of holders of first preferred shares and second preferred shares, if any, who are entitled to receive the assets of the Company on such a distribution in priority to
the holders of the common shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">There are no pre-emptive, redemption, purchase or conversion rights attaching to the common shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The foregoing description is subject to the &#147;Share Ownership Restrictions&#148; section below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera First Preferred Shares </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The first preferred shares of
each series rank on parity with the first preferred shares of every other series and are entitled to a preference over the second preferred shares, the common shares, and any other shares ranking junior to the first preferred shares with respect to
the payment of dividends and the distribution of the remaining property and assets or return of capital of the Company in the liquidation, dissolution or wind-up, whether voluntary or involuntary. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In the event the Company fails to pay, in aggregate, eight quarterly dividends on any series of the first preferred shares, the holders of the first
preferred shares will be entitled, for only as long as the dividends remain in arrears, to attend any meeting of shareholders of the Company at which directors are to be elected and to vote for the election of two directors out of the total number
of directors elected at any such meeting. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The first preferred shares of each series are not redeemable at the option of their holders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The following series of First Preferred Shares have been authorized: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series A First Preferred Shares </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series A
First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting, except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series A First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series A First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series A First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series A Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of
Series A First Preferred Shares were entitled to receive fixed cumulative preferential cash dividends in the amount of $0.2750 per share per quarter during the five-year period commencing on August&nbsp;15, 2010 and ending on (and inclusive of)
August&nbsp;14, 2015, as and when declared by the Board. For each five-year period after this date, the holders of Series A First Preferred Shares will be entitled to receive reset fixed cumulative preferential cash dividends. The reset annual
dividends per share will be determined by multiplying the annual fixed dividend rate, which is the sum </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">
of the five-year Government of Canada Bond Yield on the applicable reset date plus 1.84%, by $25.00. The dividend rate for the Series A First Preferred Shares was set at $0.1597 per share per
quarter for the five-year period commencing on August&nbsp;15, 2015 and ending on (and inclusive of) August&nbsp;14, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Series A First
Preferred Shares were not redeemable by Emera prior to August&nbsp;15, 2015. On that date and on August&nbsp;15 every five years thereafter, Emera has the right in certain circumstances to redeem for cash all or any part of the then outstanding
Series A First Preferred Shares at a price of $25.00 per share plus any accrued and unpaid dividends up to but excluding the date fixed for redemption. Emera did not exercise its right to redeem all or any part of the outstanding Series A First
Preferred Shares on August&nbsp;15, 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Subject to the automatic conversion described below and the right of Emera to redeem the Series A First
Preferred Shares, on August&nbsp;15, 2015 and on August&nbsp;15 every five years thereafter, the holders of Series A First Preferred Shares have the right to convert any or all of their Series A First Preferred Shares into an equal number of Series
B First Preferred Shares. In addition, the Series A First Preferred Shares may be automatically converted by Emera into Series B First Preferred Shares if Emera determines that, following conversion by the holders, there would be less than 1,000,000
Series A First Preferred Shares outstanding. On August&nbsp;17, 2015, Emera announced that 2,135,364 issued and outstanding Series A First Preferred Shares were tendered for conversion, on a one-for-one basis, into Series B First Preferred Shares.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series B First Preferred Shares </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series
B First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting, except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series B First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series B First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series B First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series B Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of
Series B First Preferred Shares are entitled to receive floating rate cumulative preferred cash dividends, as and when declared by the Board. The dividends are payable quarterly, in the amount per share determined by multiplying the applicable
quarterly floating dividend rate, which is the sum of the three-month Government of Canada T-Bill Rate on the applicable reset date plus 1.84%, by $25.00. The dividend rate for the Series B First Preferred Shares was reset to $0.1425 per share for
the quarter commencing on November&nbsp;15, 2015 and ending on (and inclusive of) February&nbsp;15, 2016, and was paid on February&nbsp;16, 2016. The dividend rate for the Series B First Preferred Shares was subsequently reset to $0.1393 per share
for the quarter commencing on February&nbsp;15, 2016 and ending on (and inclusive of) May&nbsp;15, 2016, and was paid on May&nbsp;16, 2016. The dividend rate for the Series B First Preferred Shares was reset to $0.1449 per share for the quarter
commencing on May&nbsp;16, 2016 and ending on (and inclusive of) August&nbsp;14, 2016, and was paid on August&nbsp;15, 2016. The dividend rate for the Series B First Preferred Shares was subsequently reset to $0.1457 per share for the quarter
commencing on August&nbsp;15, 2016 and ending on (and inclusive of) November&nbsp;14, 2016, and was paid on November&nbsp;15, 2016. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has the right in certain circumstances to redeem for cash all or any part of the outstanding
Series B First Preferred Shares at a price equal to (i)&nbsp;$25.00 per share together with all accrued and unpaid dividends up to but excluding the date fixed for redemption in the case of redemptions on August&nbsp;15, 2020 and on August&nbsp;15
every five years thereafter, or (ii)&nbsp;$25.50 per share together with all accrued and unpaid dividends up to but excluding the date fixed for redemption in the case of redemptions on any other date after August&nbsp;15, 2015. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Subject to the automatic conversion described below and the right of Emera to redeem the Series B First Preferred Shares, on August&nbsp;15, 2020 and on
August&nbsp;15 every five years thereafter, the holders of Series B First Preferred Shares have the right to convert any or all of their Series B First Preferred Shares into an equal number of Series A First Preferred Shares. In addition, Series B
First Preferred Shares may be automatically converted by Emera into Series A First Preferred Shares if Emera determines that, following conversion by the holders, there would be less than 1,000,000 Series B First Preferred Shares outstanding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series C First Preferred Shares </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series C
First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting, except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series C First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series C First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series C First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series C Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of
Series C First Preferred Shares are entitled to receive fixed cumulative preferential cash dividends in the amount of $0.25625 per share per quarter during the six-year period commencing on August&nbsp;15, 2012 and ending on (and inclusive of)
August&nbsp;14, 2018, as and when declared by the Board. For each five year period after this date, the holders of Series C First Preferred Shares will be entitled to receive reset fixed cumulative preferential cash dividends. The reset annual
dividends per share will be determined by multiplying the annual fixed dividend rate, which is the sum of the five-year Government of Canada Bond Yield on the applicable reset date plus 2.65%, by $25.00. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Series C First Preferred Shares will not be redeemable by Emera prior to August&nbsp;15, 2018. On that date and on August&nbsp;15 every five years
thereafter, Emera has the right in certain circumstances to redeem for cash all or any part of the then outstanding Series C First Preferred Shares at a price equal to $25.00 per share plus all accrued and unpaid dividends up to but excluding the
date fixed for redemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Subject to the automatic conversion described below and the right of Emera to redeem Series C First Preferred Shares, on
August&nbsp;15, 2018 and on August&nbsp;15 every five years thereafter, the holders of Series C First Preferred Shares have the right to convert any or all of their Series C First Preferred Shares into an equal number of Series D First Preferred
Shares. In addition, Series C First Preferred Shares may be automatically converted by Emera into Series D First Preferred Shares if Emera determines that, following conversion by the holders, there would be less than 1,000,000 Series C First
Preferred Shares outstanding. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series D First Preferred Shares </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As at December&nbsp;31, 2016, there were no Series D First Preferred Shares issued and outstanding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series D First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting,
except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series D First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series D First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series D First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series D Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of
Series D First Preferred Shares will be entitled to receive floating rate cumulative preferential cash dividends, as and when declared by the Board. The dividends are payable quarterly, in the amount per share determined by multiplying the
applicable quarterly floating dividend rate, which is the sum of the three-month Government of Canada T-Bill Rate on the applicable reset date plus 2.65%, by $25.00. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has the right in certain circumstances to redeem for cash all or any part of the outstanding Series D First Preferred Shares at a price equal to
(i)&nbsp;$25.00 per share together with all accrued and unpaid dividends up to but excluding the date fixed for redemption in the case of redemptions on August&nbsp;15, 2023 and on August&nbsp;15 every five years thereafter, or (ii)&nbsp;$25.50 per
share together with all accrued and unpaid dividends up to but excluding the date fixed for redemption in the case of redemptions on any other date after August&nbsp;15, 2018. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Subject to the automatic conversion described below and the right of Emera to redeem the Series D First Preferred Shares, on August&nbsp;15, 2023 and on
August&nbsp;15 every five years thereafter, the holders of Series D First Preferred Shares have the right to convert any or all of their Series D First Preferred Shares into an equal number of Series C First Preferred Shares. In addition, Series D
First Preferred Shares may be automatically converted by Emera into Series C First Preferred Shares if Emera determines that, following conversion by the holders, there would be less than 1,000,000 Series D First Preferred Shares outstanding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series E First Preferred Shares </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series E
First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting, except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series E First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series E First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series E First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series E Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series E First Preferred Shares are entitled to receive fixed cumulative preferential
cash dividends in the amount of $1.125 per share per annum in perpetuity, subject to the Company&#146;s redemption rights. On or after August&nbsp;15, 2018, the Company may, on not less than 30 nor more than 60 days&#146; notice, redeem the Series E
First Preferred Shares in whole or in part, at the Company&#146;s option without the consent of the holder, by the payment of: $26.00 per share if redeemed before August&nbsp;15, 2019; $25.75 per share if redeemed on or after August&nbsp;15, 2019
but before August&nbsp;15, 2020; $25.50 per share if redeemed on or after August&nbsp;15, 2020 but before August&nbsp;15, 2021; $25.25 per share if redeemed on or after August&nbsp;15, 2021 but before August&nbsp;15, 2022; and $25.00 per share if
redeemed on or after August&nbsp;15, 2022; together, in each case, with all accrued and unpaid dividends up to but excluding the date fixed for redemption. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series F First Preferred Shares </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series F
First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting, except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series F First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series F First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series F First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series F First Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The
holders of Series F First Preferred Shares are entitled to receive fixed cumulative preferential cash dividends in the amount of $0.265625 per share per quarter during the period commencing on August&nbsp;15, 2014 and ending on (and inclusive of)
February&nbsp;14, 2020, as and when declared by the Board. For each five-year period after this date, the holders of Series F First Preferred Shares will be entitled to receive reset fixed cumulative preferential cash dividends. The reset annual
dividends per share will be determined by multiplying the annual fixed dividend rate, which is the sum of the five-year Government of Canada Bond Yield on the applicable reset date plus 2.63%, by $25.00. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Series F First Preferred Shares will not be redeemable by Emera prior to February&nbsp;15, 2020. On that date and on February&nbsp;15 every five
years thereafter, Emera has the right in certain circumstances to redeem for cash all or any part of the then outstanding Series F First Preferred Shares, at a price of $25.00 per share plus any accrued and unpaid dividends up to but excluding the
date fixed for redemption. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Subject to the automatic conversion described below and the right of Emera to redeem the Series F First Preferred
Shares, on February&nbsp;15, 2020 and on February&nbsp;15 every five years thereafter, the holders of the Series F First Preferred Shares have the right to convert any or all of their Series F First Preferred Shares into an equal number of Series G
First Preferred Shares. In addition, Series F First Preferred Shares may be automatically converted by Emera into Series G First Preferred Shares if Emera determines that, following conversion by the holders, there would be less than 1,000,000
Series F First Preferred Shares outstanding. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series G First Preferred Shares </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As at December&nbsp;31, 2016, there were no Series G First Preferred Shares issued and outstanding. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series G First Preferred Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting,
except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series G First Preferred Shares as a
series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series G First Preferred
Shares. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series G First Preferred Shares are entitled to vote, each holder shall have one
vote for each Series G Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of
Series G First Preferred Shares will be entitled to receive floating rate cumulative preferential cash dividends, as and when declared by the Board. The dividends are payable quarterly, in the amount per share determined by multiplying the
applicable quarterly floating dividend rate, which is the sum of the three-month Government of Canada T-Bill Rate on the applicable reset date plus 2.63%, by $25.00. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has the right in certain circumstances to redeem for cash all or any part of the outstanding Series G First Preferred Shares at a price equal to
(i)&nbsp;$25.00 per share together with all accrued and unpaid dividends up to but excluding the date fixed for redemption in the case of redemptions on February&nbsp;15, 2025 and on February&nbsp;15 every five years thereafter, or (ii)&nbsp;$25.50
per share together with all accrued and unpaid dividends up to but excluding the date fixed for redemption in the case of redemptions on any other date after February&nbsp;15, 2020. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Subject to the automatic conversion described below and the right of Emera to redeem the Series G First Preferred Shares, on February&nbsp;15, 2025 and
on February&nbsp;15 every five years thereafter, the holders of Series G First Preferred Shares have the right to convert any or all of their Series G First Preferred Shares into an equal number of Series F First Preferred Shares. In addition,
Series G First Preferred Shares may be automatically converted by Emera into Series F First Preferred Shares if Emera determines that, following conversion by the holders, there would be less than 1,000,000 Series G First Preferred Shares
outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Series 2016-A Conversion, First Preferred Shares </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Series 2016-A Conversion, First Preferred Shares were authorized pursuant to the Hybrid Notes offering in June 2016. As at December&nbsp;31, 2016,
there were no Series 2016-A Conversion, First Preferred Shares issued and outstanding. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of Series 2016-A Conversion, First Preferred
Shares are not entitled to attend any meetings of the shareholders of Emera or to vote at any such meeting, except for the following: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">where entitled by law; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">for meetings of the holders of first preferred shares as a class and holders of Series 2016-A Conversion, First
Preferred Shares as a series; and </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">in situations when Emera fails to pay, in the aggregate, eight quarterly dividends on the Series 2016-A Conversion,
First Preferred Shares. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">In any instance where the holders of Series 2016-A Conversion, First Preferred Shares are entitled to
vote, each holder shall have one vote for each Series 2016-A Conversion, First Preferred Share, subject to the restrictions described under &#147;Share Ownership Restrictions&#148; below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The holders of each series of Series 2016-A Conversion, First Preferred Shares will be entitled to receive cumulative preferential cash dividends, if,
as and when declared by the Board, at the same rate as would have accrued on the related series of Hybrid Notes (had such Hybrid Notes remained outstanding), payable on each semi-annual or quarterly dividend payment date, as the case may be. The
Series 2016-A Conversion, First Preferred Shares do not have a fixed maturity date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Series 2016-A Conversion, First Preferred Shares are not
redeemable by Emera on or prior to June&nbsp;15, 2026. After that date, Emera may redeem at any time all, or from time to time any part, of the outstanding Series 2016-A Conversion, First Preferred Shares, without the consent of the holders, on not
more than 60 days and not less than 30 days prior notice, by the payment of an amount in cash for each such share so redeemed of USD$1,000 per share together with an amount equal to all accrued and unpaid dividends thereon. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Emera Second Preferred Shares </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The second preferred shares
have special rights, privileges, restrictions and conditions substantially similar to the first preferred shares, except that the second preferred shares rank junior to the first preferred shares with respect to the payment of dividends, repayment
of capital and the distribution of assets of Emera in the event of liquidation, dissolution or winding-up of Emera. As at December&nbsp;31, 2016, Emera had not issued any second preferred shares. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Share Ownership Restrictions </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As required by the <I>Nova
Scotia Power Reorganization (1998)&nbsp;Act</I> (Nova Scotia) and pursuant to the <I>Nova Scotia Power Privatization Act</I> (Nova Scotia), the Articles of Emera provide that no person, together with associates thereof, may subscribe for, have
transferred to that person, hold, beneficially own or control, directly or indirectly, otherwise than by way of security only, or vote, in the aggregate, voting shares of Emera to which are attached more than 15% of the votes attached to all
outstanding voting shares of Emera. Non-residents of Canada may not subscribe for, have transferred to them, hold, beneficially own or control, directly or indirectly, otherwise than by way of security only, or vote, in the aggregate, voting shares
of Emera to which are attached more than 25% of the votes attached to all outstanding voting shares of Emera. Votes cast by non-residents on any resolution at a meeting of common shareholders of Emera will be pro-rated so that such votes will not
constitute more than 25% of the total number of votes cast. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The common shares, and in certain circumstances the Series A First Preferred Shares,
Series B First Preferred Shares, Series C First Preferred Shares, Series E First Preferred Shares and Series F First Preferred Shares are considered to be voting shares for purposes of the constraints on share ownership. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera&#146;s Articles contain provisions for the enforcement of these constraints on share ownership including provisions for suspension of voting
rights, forfeiture of dividends, prohibitions of share transfer and issuance, compulsory sale of shares and redemption, and suspension of other shareholder rights. The Board may require shareholders to furnish statutory declarations as to matters
relevant to enforcement of the restrictions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 51
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>DIVIDENDS </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Any dividend payments will be at the Board&#146;s discretion based upon earnings and capital requirements and any other factors as the Board may consider relevant. Emera
has an 8% annual dividend growth target through 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">The Board approved the payment of the following dividends during the last three completed fiscal years: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#c6d9f1"><B></B>Common Shares <SUP STYLE="font-size:85%; vertical-align:top">(1), (2) and (3)</SUP><B></B></TD></TR>
<TR BGCOLOR="#f2f2f2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fiscal&nbsp;Year</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Record&nbsp;Date</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Date Paid</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Dividend&nbsp;(per&nbsp;share)&nbsp;($)</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November&nbsp;15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.5225</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 22</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.5225</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.4750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 16</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.4750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2015</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.4750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.4000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.4000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.3875</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2014</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.3875</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.3625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.3625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.3625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#c6d9f1"><B></B>Series A First Preferred Shares<B></B></TD></TR>
<TR BGCOLOR="#f2f2f2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fiscal Year</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Record Date</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Date Paid</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Dividend (per share)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1597</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 22</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1597</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1597</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 16</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.1597</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2015</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1597</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2014</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.2750</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#c6d9f1"><B></B>Series B First Preferred Shares <SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP><B></B></TD></TR>
<TR BGCOLOR="#f2f2f2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fiscal Year</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Record Date</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Date Paid</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Dividend (per share)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1457</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 22</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1449</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.1393</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 16</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.1425</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2015</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">November 2</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">November 15</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">0.1508</P>
<P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 52
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="98%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD></TR>

<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#c6d9f1"><B></B>Series C First Preferred Shares<B></B></TD></TR>
<TR BGCOLOR="#f2f2f2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fiscal Year</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Record Date</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Date Paid</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Dividend&nbsp;(per&nbsp;share)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 22</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 16</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2015</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2014</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.25625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#c6d9f1"><B></B>Series E First Preferred Shares<B></B></TD></TR>
<TR BGCOLOR="#f2f2f2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fiscal Year</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Record Date</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Date Paid</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Dividend (per share)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 22</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 16</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2015</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2014</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.28125</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt; padding-right:2pt" BGCOLOR="#c6d9f1"><B></B>Series F First Preferred Shares <SUP STYLE="font-size:85%; vertical-align:top">(5)</SUP><B></B></TD></TR>
<TR BGCOLOR="#f2f2f2" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER:1px solid #000000; padding-left:8pt">Fiscal Year</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Record Date</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Date Paid</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">Dividend (per share)</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2016</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 22</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 16</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 16</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2015</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 2</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">August 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">May 1</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">May 15</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">February 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February 17</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; padding-left:8pt">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL" ALIGN="center">2014</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">November 3</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000">November 17</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:2pt">0.265625</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">July 31</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">August 15</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">0.195000</TD></TR>
</TABLE> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">On February&nbsp;6, 2015, Emera approved an increase in the annual common share dividend rates from $1.55 to $1.60. The
first payment was effective May 2015. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">On August&nbsp;11, 2015, Emera approved an increase in the annual common share dividend rate from $1.60 to $1.90. The
first payment was effective November 2015. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">On July&nbsp;4, 2016, Emera approved an increase in the annual common share dividend rate from $1.90 to $2.09. The first
payment was effective August 2016. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The Series B First Preferred Shares were issued August&nbsp;17, 2015. </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">The Series F First Preferred Shares were issued June&nbsp;9, 2014. </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera maintains the Dividend Reinvestment Plan, which provides an opportunity for shareholders to reinvest dividends and to participate in optional cash
contributions for the purpose of purchasing common shares. Dividends will reinvest at a discount of up to 5% from the average market price of Emera&#146;s common shares. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 53
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>Credit Ratings </B></FONT></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Emera has the following credit ratings by the Rating Agencies:<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP> </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="96%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt" BGCOLOR="#c6d9f1">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#c6d9f1"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>Moody&#146;s</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#c6d9f1"> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center"><B>S&amp;P</B></P> <P STYLE="font-size:2pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Corporate</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">Baa3 (Stable)</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">BBB&nbsp;+&nbsp;(Negative)</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Senior unsecured debt program</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">Baa3</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">BBB</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Hybrid Notes</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">Ba2</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">BBB-</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">First Preferred Shares</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">N/A</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"> <P STYLE="font-size:1pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="center">P-2 (low)</P> <P STYLE="font-size:1pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Ratings are intended to provide investors with an independent measure of the credit quality of an issue of securities and
are indicators of the likelihood of the payment capacity and willingness of an issuer to meet its financial commitment in accordance with the terms of the obligation. The credit ratings assigned by the Rating Agencies are not recommendations to buy,
sell, or hold securities in as much as such ratings are not a comment upon the market price of the securities or their stability for a particular investor. The credit ratings assigned to the securities may not reflect the potential impact of all
risks on the value of the securities. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a Rating Agency in the future if in its judgment
circumstances so warrant. </P></TD>
<TD WIDTH="2%">&nbsp;</TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Moody&#146;s </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Moody&#146;s credit ratings are on a long term debt rating scale that ranges from AAA to C, representing the range from highest to lowest quality of
such rated securities. The rating of Baa3 obtained from Moody&#146;s in respect of the senior unsecured debt is the fourth highest of nine available rating categories and indicates that the obligations are subject to moderate credit risk. As such,
they are considered medium-grade and may possess speculative characteristics. The rating of Ba2 from Moody&#146;s in respect of the Hybrid Notes is characterized as having speculative elements and being subject to substantial credit risk. It is the
fifth highest of nine available rating categories. Moody&#146;s appends numerical modifiers 1, 2 and 3 to each generic rating classification from Aa through Caa. The modifier 1 indicates that the obligation ranks in the higher end of its generic
rating category; the modifier 2 indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating category. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>S&amp;P
</B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">S&amp;P&#146;s credit ratings are on a long term debt scale that ranges from AAA to D, representing the range from highest to lowest quality of
such rated securities. The issuer rating of BBB+ obtained from S&amp;P in respect of the corporate rating indicates that the issuer has adequate capacity to meet its financial commitments. The issue ratings of BBB and BBB- from S&amp;P in respect of
the senior unsecured debt and the Hybrid Notes, respectively, indicate that the obligations exhibit adequate protection parameters. The issue and issuer rating of BBB is the fourth highest of ten available ratings categories and the addition of a
&#147;(+)&#148; or &#147;(-)&#148; designation after a rating indicates the relative standing within a particular category. In each case, however, adverse economic conditions or changing circumstances are more likely to lead to weakened capacity of
the obligor to meet its financial commitments on the obligation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">A P-2 (low) rating with respect to Emera&#146;s Series A First Preferred Shares,
Series B First Preferred Shares, Series C First Preferred Shares, Series E First Preferred Shares and Series F First Preferred Shares is the third lowest of the three sub-categories within the second highest rating of the eight standard categories
of ratings utilized by S&amp;P for preferred shares. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has made, or will make, payments in the ordinary course to the Rating Agencies in
connection with the assignment of ratings on both Emera and its securities. In addition, Emera has made customary payments in respect of certain subscription services provided to Emera by the Rating Agencies during the last two years. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 54
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>MARKET FOR SECURITIES </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Trading Price and Volume </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">Emera&#146;s common shares, Series A First
Preferred Shares, Series B First Preferred Shares, Series C First Preferred Shares, Series E First Preferred Shares and Series F First Preferred Shares are listed and posted for trading on the TSX under the symbols &#147;EMA&#148;,
&#147;EMA.PR.A&#148;, &#147;EMA.PR.B&#148;, &#147;EMA.PR.C&#148;, &#147;EMA.PR.E&#147;and &#147;EMA.PR.F&#148;, respectively. Emera&#146;s instalment receipts were previously listed and posted for trading on the TSX under the symbol
&#147;EMA.IR&#148;. The instalment receipts commenced trading on September&nbsp;28, 2015 and discontinued trading on August&nbsp;2, 2016. Additionally, depositary receipts representing common shares of Emera were listed on the BSE under the symbol
EMABDR. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">The trading volume and high and low price for Emera&#146;s securities for each month of 2016 are set out below: </P>
<P STYLE="font-size:16pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Common Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>2016</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Volume</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">January</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">44.94&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">41.90&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">10,709,809&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.12&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">44.31&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">28,902,904&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">March</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.96&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.04&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">12,151,296&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">April</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">48.54&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">10,516,790&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">May</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.31&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.18&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">11,161,466&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">June</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">48.96&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.70&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">10,289,354&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">July</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">50.19&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">48.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">9,298,898&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">August</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">49.48&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.19&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">20,028,544&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">September&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">48.51&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">46.27&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">11,609,233&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">October</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.68&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.40&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">11,065,916&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">November</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.06&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">44.16&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">19,898,691&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">December</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.62&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">43.76&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">11,886,126&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Series A First Preferred Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>2016&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">January</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.22&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">10.90&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">86,849&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">11.94&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">10.88&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">85,854&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">March</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.75&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">11.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">349,837&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">April</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.50&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.45&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">52,608&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">May</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.90&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.10&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">88,963&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">June</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.88&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.75&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">113,835&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">July</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.79&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">49,040&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">August</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.47&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.60&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">55,828&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">September&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.92&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">69,502&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">October</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.99&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.81&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">103,107&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">November</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.78&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.55&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">70,051&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">December</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.97&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.87&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000">94,770&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 55
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Series B First Preferred Shares*</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>&nbsp;&nbsp;2016</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">January</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.56&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">11.15&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">11,340&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">February</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.15&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">10.79&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18,696&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">March</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">11.71&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">10.79&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">37,299&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">April</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.22&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">11.30&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">36,397&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">May</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.00&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.22&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">29,580&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">June</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.99&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.46&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19,043&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">July</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.60&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.15&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17,505&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">August</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.30&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.25&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">43,695&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">September&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.08&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.83&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">10,900&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">October</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.26&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.87&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18,372&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">November</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.37&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">12.56&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">57,459&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">December</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.75&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">13.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">87,984&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:4pt; margin-bottom:0pt; margin-left:20%; font-size:9pt; font-family:ARIAL">* The Series B First Preferred Shares commenced trading on August&nbsp;19, 2015 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Series C First Preferred Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>&nbsp;&nbsp;2016</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">January</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.74&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.90&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">151,560&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">February</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.49&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.80&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">156,948&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">March</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.83&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">15.05&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">185,101&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">April</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.65&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.13&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">145,748&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">May</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.41&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.61&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">164,606&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">June</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.52&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.06&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">166,430&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">July</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.03&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.18&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">149,788&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">August</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.25&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.90&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">164,497&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">September&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.10&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.45&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">182,853&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">October</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.79&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.75&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">312,433&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">November</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.17&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.85&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">283,898&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">December</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.69&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.39&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">368,436&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Series E First Preferred Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>&nbsp;&nbsp;2016</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">January</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.49&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.15&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">46,974&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">February</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.05&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.28&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">44,035&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">March</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.40&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.65&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">153,585&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">April</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.04&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.28&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">31,662&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">May</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.14&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.36&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">43,534&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">June</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.44&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.75&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">71,516&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">July</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.98&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.68&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">106,033&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">August</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">23.09&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.46&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">88,487&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">September&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.85&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.46&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">71,988&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">October</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.98&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.49&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">30,175&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">November</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">22.61&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.90&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">40,124&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.50em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">December</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.25&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.70&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">78,950&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Series F First Preferred Shares</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>2016&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">January</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.43&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.08&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">203,849&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.17&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.28&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">117,001&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">March</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.20&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.60&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">197,229&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">April</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.00&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.71&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">69,848&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">May</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.75&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.97&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">56,938&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">June</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.86&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.31&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">131,399&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">July</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.18&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.61&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">111,051&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">August</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.01&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.85&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">90,457&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">September&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.43&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.05&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">134,548&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">October</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.98&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.31&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">189,303&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">November</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.47&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">20.07&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">108,544&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">December</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">21.53&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.52&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">196,648&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Debentures &#150; Instalment Receipts**</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>2016&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High($)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low($)&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">January</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">38.14&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">31.25&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1,831,330&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">42.00&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">36.25&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">2,998,631&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">March</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.00&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">38.00&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1,447,889&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">April</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">46.40&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">40.61&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1,108,532&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">May</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">45.25&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">40.21&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">986,463&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">June</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">49.61&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">40.50&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">995,342&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">July</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">52.80&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">47.98&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1,377,315&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">August</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">September&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">October</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">November</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">December</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">n/a&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE> <P STYLE="font-size:2pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:11pt">**</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">The instalment receipts commenced trading on September&nbsp;28, 2015 and discontinued trading on August&nbsp;2, 2016.</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="20%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#c6d9f1" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="7" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#c6d9f1"><B>Depositary Receipts***</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>2016&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000" BGCOLOR="#f2f2f2"><B>High(BBD)&nbsp;&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Low(BBD)&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom" BGCOLOR="#f2f2f2" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000" BGCOLOR="#f2f2f2"><B>Volume&nbsp;&nbsp;</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">January</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">15.66&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">14.29&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">February</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.76&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">15.69&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">March</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.99&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.43&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">April</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.45&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.81&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">May</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.09&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.11&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">June</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.39&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.34&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">July</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">19.01&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.16&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">August</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.63&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.97&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">September&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">18.48&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.42&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">October</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.77&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.00&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">November</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">17.22&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.18&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">December</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.95&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">16.38&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">0&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 57
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="97%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt">
<TD VALIGN="top"><FONT STYLE="font-size:11pt">***</FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:9pt">As noted above under &#147;General Development of the Business &#150; ECI Amalgamation&#148;, under the Offer, minority ECI
shareholders could elect to receive as consideration for their ECI shares, 2.1 Emera DRs representing common shares. Each Emera DR represents one quarter of a common share. 5,249,595 DRs representing approximately 1,312,399 Emera common shares were
issued in connection with the Offer. The Emera DRs commenced trading on the BSE on January&nbsp;8, 2016, and 2,201,341 DRs were outstanding as of December&nbsp;31, 2016. The BSE marks the trading price of the Emera DRs to the trading price of the
Emera common shares on the TSX on a daily basis.</P></TD></TR>
</TABLE> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>TRANSFER AGENT AND REGISTRAR </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">CST acts as Emera&#146;s transfer agent and registrar. The registers of transfers of securities of Emera are located at CST&#146;s principal offices in
Vancouver, Calgary, Toronto, Montreal and Halifax. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" ALIGN="center">

<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 58
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>DIRECTORS AND OFFICERS </B></FONT></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Directors </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">The following information is provided for each Director of Emera
as of December&nbsp;31, 2016: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="22%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="59%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="16%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"><B>Name&nbsp;and&nbsp;Residence</B></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>Principal Occupations During the Past Five Years and<BR>Other
Information</B></P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt"><B>Director&nbsp;Since&nbsp;
<SUP STYLE="font-size:85%; vertical-align:top">(1)</SUP></B></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Sylvia D. Chrominska<SUP
STYLE="font-size:85%; vertical-align:top">(7) </SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Toronto, Ontario</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former Group Head of Global Human Resources and Communications for the Bank
of Nova Scotia, where she had global responsibility for human resources, corporate communications, government relations, public policy and corporate social responsibility of the Scotiabank Group. Former Chair of the Board of Scotia Group Jamaica
Limited and Former Chair of the Board of Scotiabank Trinidad and Tobago Limited. A Director of Wajax Corporation.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#d3dfee">2010</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Henry E.
Demone<SUP STYLE="font-size:85%; vertical-align:top">(4)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Lunenburg, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Chairman of High Liner Foods, the leading North American processor and marketer of value-added
frozen seafood. Mr. Demone was President of High Liner Foods since 1989 and its President and Chief Executive Officer from 1992 to May 2015. A Director of Saputo Inc.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2014</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Allan L. Edgeworth<SUP
STYLE="font-size:85%; vertical-align:top">(4)(10) </SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Calgary, Alberta</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">Former President of ALE Energy Inc., a private consulting company. Former
President and Chief Executive Officer of Alliance Pipeline. Director of AltaGas Ltd.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#d3dfee">2005</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>James D. Eisenhauer, FCPA, FCA<SUP
STYLE="font-size:85%; vertical-align:top">(2)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Lunenburg, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:10pt">President and Chief Executive Officer of ABCO Group Limited, which has holdings in
manufacturing and distribution activities. Former Chair of the NSPI Board of Directors from May 2011 until May 2016, and a former Director of NSPI since 2008.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2011</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Christopher G. Huskilson</B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Wellington, Nova Scotia</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">President and Chief Executive Officer of Emera since November 2004. From July
2003 to November 2004, he was Chief Operating Officer of Emera. Director of NSPI, Director of APUC and Chair or Director of a number of other Emera affiliated companies. He held the office of President and Chief Executive Officer of Emera&#146;s
subsidiary, NSPI from November 2004 to May 2006, and before that Chief Operating Officer of NSPI from January 2001 to November 2004.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#d3dfee">2004</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>B. Lynn Loewen, FCPA, FCA<SUP
STYLE="font-size:85%; vertical-align:top">(2)(10)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Westmount, Quebec</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">President of Minogue Medical Inc. a healthcare organization which delivers innovative medical
technologies to hospitals and clinics. President of Expertech Network Installation Inc. from 2008 to 2011.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2013</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>J. Wayne Leonard<SUP
STYLE="font-size:85%; vertical-align:top">(9)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">New Orleans, Louisiana</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former Chairman and Chief Executive Officer of Entergy Corporation, an
integrated electricity producer and retail distributor. Mr. Leonard joined Entergy Corporation as President and Chief Operating Officer in 1998, becoming CEO in 1999. Mr. Leonard serves on the Boards of the Edison Electric Institute and Tidewater,
Inc. He has also served on the Board of the Centre for Climate and Energy Solutions.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" BGCOLOR="#d3dfee">&nbsp;</TD>
<TD VALIGN="bottom" BGCOLOR="#d3dfee" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#d3dfee">2014</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>John T. McLennan<SUP
STYLE="font-size:85%; vertical-align:top">(3)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Mahone Bay, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada&nbsp;&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former Chair of the Board from May 2009 to May 2014. Former Board member of Chorus Aviation
Inc. from January 2006 to May 2014. Former Chair of the Board of NSPI from May 2006 to May 2009. Former Vice-Chair and Chief Executive Officer of Allstream Inc. (formerly AT&amp;T Canada). He is presently a Director of Amdocs Ltd.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2005</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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<TD WIDTH="22%"></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Donald A. Pether<SUP
STYLE="font-size:85%; vertical-align:top">(2)(5) </SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Dundas, Ontario</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former Chair of the Board and Chief Executive Officer of
ArcelorMittal Dofasco Inc., a Canadian steel producer. Director of Samuel, Son &amp; Co. Ltd. and Schlegel Health Care Inc. Former Chair of the Canadian Steel Producers Association and former member of the board of the American Iron and Steel
Institute. Honorary Doctor of Law degree from McMaster University.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2008</TD></TR>
<TR BGCOLOR="#d3dfee" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>John B.
Ramil<SUP STYLE="font-size:85%; vertical-align:top">(10)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Tampa, Florida</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former President and Chief Executive Officer of TECO Energy. Held a variety of leadership
positions in his four decades with Tampa Electric. Former member of the board of the Edison Electric Institute, an industry association. Chair of GuideWell Mutual Holding Corporation and Blue Cross and Blue Shield of Florida boards. Member of the
Florida Council of 100, the board of the Moffitt Cancer Center Institute and former member of the board of the Tampa Bay Partnership.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2016</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Andrea S.
Rosen<SUP STYLE="font-size:85%; vertical-align:top">(6) </SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Toronto, Ontario</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former Vice-Chair of TD Bank Financial Group and President of TD Canada Trust. Director of
Alberta Investment Management Corporation and Manulife Financial Corporation.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2007</TD></TR>
<TR BGCOLOR="#d3dfee" STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>Richard P. Sergel<SUP
STYLE="font-size:85%; vertical-align:top">(3)(4)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Wellesley, Massachusetts</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">U.S.</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Former President and Chief Executive Officer of the North American Electric Reliability
Corporation (NERC). Former President and Chief Executive Officer of National Grid USA from 2000 to 2004. Also former President and Chief Executive Officer of the New England Electric System. Presently a Director of State Street Corporation. Has also
served on the boards of the Edison Electric Institute and the Consortium for Energy Efficiency.</P> <P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2010</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL"><B>M. Jacqueline Sheppard<SUP
STYLE="font-size:85%; vertical-align:top">(8)</SUP></B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL">Calgary, Alberta</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:ARIAL">Canada</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL" ALIGN="justify">Chair of the Board since May 2014. Former Executive Vice President, Corporate and Legal of
Talisman Energy Inc. Former Chair of the Research and Development Corporation of the Province of Newfoundland and Labrador, a provincial Crown Corporation. Founder and Lead Director of Black Swan Energy Inc., an Alberta upstream energy company that
is private equity financed. Director of Cairn Energy PLC, a publicly traded UK based international upstream oil and gas producer. Director of the general partner of Pacific NorthWest LNG LP, which was formed for the purpose of constructing, owning
and operating an LNG facility in British Columbia. Director of Seven Generations Energy Ltd., a publicly traded energy company focused on Canadian natural gas development.</P>
<P STYLE="font-size:10pt; margin-top:0pt; margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2009</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes the year the individual became a Director of Emera. Directors are elected for a one year term which expires at
the termination of Emera&#146;s annual general meeting; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes member of the Audit Committee; </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes member of the Nominating and Corporate Governance Committee; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes member of the Management Resources and Compensation Committee; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(5)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes Chair of the Nominating and Corporate Governance Committee; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:8pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(6)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes Chair of the Audit Committee; </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(7)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes Chair of the Management Resources and Compensation Committee; </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(8)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Denotes Chair of the Board; </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(9)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Mr.&nbsp;Leonard resigned from the Board of Directors effective January&nbsp;1, 2017. </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(10)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:8pt">Emera has established a Health, Safety and Environment Committee (HSEC), and effective May&nbsp;12, 2017,
Mr.&nbsp;Edgeworth will be HSEC Chair, and Ms.&nbsp;Loewen and Mr.&nbsp;Ramil will each be members of the HSEC. </P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As of
December&nbsp;31, 2016, the Directors, in total, beneficially owned or controlled, directly or indirectly, approximately 152,725 common shares or less than 1% of the issued and outstanding shares of Emera. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">There are no material conflicts of interest between Emera or any of its subsidiaries and any director or officer of Emera or any of its subsidiaries.
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Audit Committee </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Audit Committee of Emera is composed of the following four members, all of whom are independent Directors: Andrea S. Rosen (Chair), Donald A.
Pether, B. Lynn Loewen and James D. Eisenhauer. The responsibilities and duties of the Audit Committee are set out in the Audit Committee&#146;s Charter, a copy of which is attached as Appendix &#147;A&#148; to this AIF. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Board believes that the composition of the Audit Committee reflects a high level of financial literacy and experience. Each member of the Audit
Committee has been determined by the Board to be &#147;financially literate&#148; as such term is defined under Canadian securities laws. The Board has made these determinations based on the education and breadth and depth of experience of each
member of the Audit Committee. The following is a description of the education and experience of each member of the Audit Committee that is relevant to the performance of his or her responsibilities as a member of the Audit Committee: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>Andrea S. Rosen, Committee Chair </B></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Vice-Chair of TD Bank
Financial Group and President, TD Canada Trust from 2002 to 2005. From 2001 to 2002, Executive Vice President of TD Commercial Banking and Vice Chair TD Securities. Before joining TD Bank, was Vice President of Varity Corporation from 1991 to 1994,
and worked at Wood Gundy Inc. (later CIBC-Wood Gundy) in a variety of roles from 1981 to 1990, eventually becoming Vice President and Director. Holds a Bachelor of Laws from Osgoode Hall Law School and a Masters of Business Administration from the
Schulich School of Business at York University. Received a Bachelor of Arts from Yale University. Former Director and member of the Audit Committee of Hiscox Ltd., a U.K. reporting issuer listed on the London Stock Exchange, and Director and member
of the Audit Committee of Manulife Financial Corporation, an issuer listed on The Toronto Stock Exchange, New York Stock Exchange, The Stock Exchange of Hong Kong, and the Philippine Stock Exchange. Director of Alberta Investment Management
Corporation. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>Donald A. Pether </B></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Former Chair of the Board
and Chief Executive Officer of ArcelorMittal Dofasco Inc. a Canadian steel producer. Held various positions at Dofasco, including Vice President, Commercial, Executive Vice President Dofasco Inc.&nbsp;&amp; General Manager Dofasco Hamilton and
President and Chief Operating Officer prior to appointment in May 2003 as President and Chief Executive Officer and July 2006 as Chair of the Board. Was Chairman of the Board of Directors of Dofasco de Mexico S.A. de C.V., Dofasco Marion Inc.,
Powerlasers Limited and Powerlasers Corporation. Served on the board of directors of the International Iron and Steel Institute, the Automotive Parts Manufacturers Association and the Canadian Steel Trade and Employment Congress. He is a Director of
Samuel, Son&nbsp;&amp; Co. Ltd. and Schlegel Health Care Inc., and holds a Bachelor of Science in Metallurgical Engineering from the University of Alberta and a Doctor of Laws (Hon) from McMaster University. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>B. Lynn Loewen, FCPA, FCA </B></P> <P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">President of Minogue Medical Inc.
a healthcare organization which delivers innovative medical technologies to hospitals and clinics. Fellow of the Institute of Chartered Accountants, she has served in a number of senior roles at Bell Canada, Air Canada Jazz, and Air Nova and also
was the Vice President, Financial Controls for BCE. She has served as Chair of the Audit Committee on the Public Sector Pension Investment Board, and was Chair of the Finance and Administration Committee of Mount Allison University. She holds a
Bachelor of Commerce from Mount Allison University. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL"><B>James D. Eisenhauer, FCPA, FCA </B></P>
<P STYLE="margin-top:2pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">President and Chief Executive Officer of ABCO Group Limited, which has holdings in manufacturing and distribution. Professional Engineer and a Fellow of
the Chartered Professional Accountants of Nova Scotia. Mr.&nbsp;Eisenhauer was a member of the Board of Nova Scotia Business Inc. from 2005 to January 2013, serving as Chair from November 2010 to October 2012. He has also been a member of the Board
of Stelia Aerospace North America Inc. since 2014 (and its predecessors, Composites Atlantic Limited since 1993 and Cellpack Aerospace Limited since 1987). He is also on the Advisory Board of Atlantic Industries Limited and is Chair of its Advisory
Audit Committee. Mr.&nbsp;Eisenhauer holds a Bachelor of Science from Dalhousie University and a Bachelor of Engineering (with distinction) from the Technical University of Nova Scotia. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Audit and Non-Audit Services Pre-Approval Process </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The Audit
Committee is responsible for the oversight of the work of the external auditors. As part of this responsibility, the Audit Committee is required to pre-approve the audit and non-audit services performed by the external auditors in order to assure
that they do not impair the external auditors&#146; independence from the Company. Accordingly, the Audit Committee has adopted an Audit and Non-Audit Pre-Approval Policy, which sets forth the procedures and the conditions pursuant to which services
proposed to be performed by the external auditors may be pre-approved. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Unless a type of service has received the pre-approval of the Audit
Committee it will require specific approval by the Audit Committee if it is to be provided by the external auditors. Any proposed services exceeding the pre-approved cost levels will also require specific approval by the Audit Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL"><B>Auditors&#146; Fees </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">The aggregate fees billed by
Ernst&nbsp;&amp; Young LLP, the Company&#146;s external auditors, during the fiscal years ended December&nbsp;31, 2016 and 2015 respectively, were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="27%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="bottom" STYLE="BORDER:1px solid #000000; padding-left:8pt" BGCOLOR="#4f82bd"><FONT COLOR="#ffffff"><B>Service Fee</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#4f82bd" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000" BGCOLOR="#4f82bd"><FONT COLOR="#ffffff"><B>2016&nbsp;($)</B></FONT></TD>
<TD VALIGN="bottom" BGCOLOR="#4f82bd" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt" BGCOLOR="#4f82bd"><FONT COLOR="#ffffff"><B>2015&nbsp;($)</B></FONT></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Audit Fees</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">1,161,150</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">1,167,187</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Audit-Related Fees</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">651,397</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">242,568</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Tax Fees</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">419,669</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">544,615</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL"><B>Other</B></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">Nil</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">125,000</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:11pt; font-family:ARIAL">Total</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000">2,232,216</TD>
<TD VALIGN="bottom" STYLE="BORDER-LEFT:1px solid #000000; BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:2pt">2,079,370</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Audit-related fees for Emera relate to accounting and disclosure consultations and services associated with securities
offerings. Tax fees for Emera relate to the structuring of cross-border financing of Emera&#146;s subsidiaries and affiliates as well as tax compliance services and general tax consulting advice on various matters. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Officers </B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL">The Officers of
Emera as of December&nbsp;31, 2016 were as follows: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL"><B>Christopher G. Huskilson</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">President and Chief Executive</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Officer</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">President and Chief Executive Officer since November 1, 2004. From July 2003 to November 2004, Chief
Operating Officer of Emera. He held the office of President and Chief Executive Officer of Emera&#146;s subsidiary, NSPI from November 2004 to May 2006, and before that Chief Operating Officer of NSPI from January 2001 to November 2004. Prior to
2001, actively engaged for more than five years in the affairs of NSPI in various managerial and executive capacities.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD></TR>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Wellington, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL"><B>Nancy G. Tower, FCPA, FCA</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Chief Corporate Development</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Officer</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD>
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<TD VALIGN="bottom" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Chief Corporate Development Officer since May 2015. Before that, Executive Vice President Business
Development from May 2011 to May 2015. From May 2011 to March 2014 Chief Executive Officer of ENL. From November 2005 to May 2011, Executive Vice President and Chief Financial Officer. Prior to 2005, Vice-President Customer Operations for NSPI. From
1997 to 2000, Controller for NSPI.</P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL"><B>Scott C. Balfour</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Chief Operating Officer</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Chief Operating Officer since November 2016. Chief Operating Officer Northeast and Caribbean, from
March to November 2016. Executive Vice President and Chief Financial Officer of Emera from April 2012 to March 2016. From May 2011 to April 2012, President of Ensimian Capital Corporation. From September 2005 to January 2011, President and Chief
Financial Officer of Aecon Group Inc., a Canadian publicly traded construction and infrastructure development company.</P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL"><B>Gregory W. Blunden</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Chief Financial Officer</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Chief Financial Officer since March 2016. Previously Vice-President, Corporate Strategy &amp; Planning
of Emera and before that held the position of EVP, Customer, Business &amp; Financial Services at NSPI.</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL"><B>R. Michael Roberts</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Chief Human Resources</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Officer</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Chief Human Resources Officer since December 1, 2014. Previously, President, Optimum Talent Atlantic of
Halifax. Prior to that, Vice President, Corporate Development at Irving Shipbuilding and Vice President, Human Resources at Bell Aliant.</P> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:1pt" align="left">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
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<TD VALIGN="top"></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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</TABLE>
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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:11pt; font-family:ARIAL"><B>Bruce A. Marchand</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Chief Compliance Officer and</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Chief Legal Officer</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Chief Compliance Officer since December 1, 2014. Chief Legal Officer since January 2012. Prior to
January 2012, Senior Partner at the law firm of McInnes Cooper.</P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:11pt; font-family:ARIAL"><B>Daniel P. Muldoon</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Executive Vice-President</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Major Renewables and</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Alternative Energy</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Executive Vice-President, Major Renewables and Alternative Energy since May 2014. From June 16, 2011
to March 31, 2013, President and Chief Operating Officer, Emera Utility Services Inc. Prior to that, General Manager Engineering &amp; Construction, Emera.</P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:11pt; font-family:ARIAL"><B>Robert Hanf</B></P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Executive Vice-President</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Stakeholder Relations and</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Regulatory
Affairs</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Executive Vice-President, Stakeholder Relations and Regulatory Affairs since August 2016. Previously,
President and Chief Executive Officer of Nova Scotia Power Inc. until August 2016 and before that Chief Legal Officer of Emera.</P></TD>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
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<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
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<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:11pt; font-family:ARIAL"><B>Wayne O&#146;Connor</B></P></TD>
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<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Executive Vice-President</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Corporate Strategy and</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Planning</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Executive Vice-President Corporate Strategy and Planning since March 2016. From October 2012 to
February 2016, Executive Vice President Operations, NSPI. From June 2011 to October 2012, President and Chief Operating Officer of Emera Energy. From April 2008 to June 2011, Chief Operating Officer of Emera Energy.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
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<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="13" COLSPAN="5"></TD>
<TD HEIGHT="13" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top" COLSPAN="5"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:0.50em; font-size:11pt; font-family:ARIAL"><B>Stephen D. Aftanas</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Corporate Secretary</P>
<P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ROWSPAN="3"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:0.50em; font-size:11pt; font-family:ARIAL" ALIGN="justify">Corporate Secretary since September 2008. From June 2007 to September 2008, Associate Corporate
Secretary. From March 2006 to June 2007, Associate General Counsel, NSPI. Prior to March 2006, Senior Solicitor, Emera.</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD ROWSPAN="3" VALIGN="top"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="middle"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="middle" BGCOLOR="#dce6f2"> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Halifax, Nova Scotia</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:0.50em; font-size:9pt; font-family:ARIAL">Canada</P> <P STYLE="font-size:6pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-size:1px; ">
<TD VALIGN="bottom"></TD>
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<TD VALIGN="bottom"></TD>
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<TD COLSPAN="3" VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-top:3.00px double #000000">&nbsp;</P></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">As of December&nbsp;31, 2016, the Directors and Officers, in total, beneficially owned or controlled, directly or
indirectly, approximately 233,301 common shares or less than 1% of the issued and outstanding shares of Emera. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>CERTAIN PROCEEDINGS </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">To the knowledge of Emera, none of the Directors or Officers of the Company: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">are, as at the date of this AIF, or have been, within ten years before the date of this AIF, a director, chief executive
officer or chief financial officer of any company that: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">was subject to an Order that was issued while the Director or Officer was acting in the capacity as director, chief
executive officer or chief financial officer; or </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">was subject to an Order that was issued after the Director or Officer ceased to be a director, chief executive officer
or chief financial officer and which resulted from an event that occurred while that person was acting in the capacity as director, chief executive officer of chief financial officer; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">are, as at the date of this AIF, or have been within ten years before the date of this AIF, a director or executive
officer of any company that, while that person was acting in that capacity, or within a year of that person ceasing to act in that capacity, became bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency or was subject
to or instituted any proceedings, arrangements or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">have, within the ten years before the date of this AIF, become bankrupt, made a proposal under any legislation relating
to bankruptcy or insolvency, or become subject to or instituted any proceedings, arrangement or compromise with creditors, or had a receiver, receiver manager or trustee appointed to hold the assets of the proposed nominee; or </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(4)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:ARIAL; font-size:11pt">have been subject to any penalties or sanctions imposed by a court relating to securities legislation or by a securities
regulatory body or has entered in a settlement agreement with a securities regulatory body, or is subject to any penalties or sanctions imposed by a court or regulatory body that would likely be considered important to a reasonable investor making
an investment decision. </P></TD></TR></TABLE> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>LEGAL PROCEEDINGS AND REGULATORY ACTIONS </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">To the knowledge of Emera, there are no legal proceedings that individually or together could potentially involve claims against Emera or its
subsidiaries for damages totaling 10% or more of the current assets of Emera, exclusive of interest and costs. </P> <P STYLE="margin-top:22pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>NO INTEREST OF MANAGEMENT
AND OTHERS IN MATERIAL TRANSACTIONS </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">None of the following persons or companies, namely (a)&nbsp;a Director or Officer of Emera,
(b)&nbsp;a person or company that is the direct or indirect beneficial owner of, or who exercises control or direction over, more than 10% of any class or series of Emera&#146;s outstanding voting securities, or (c)&nbsp;an associate or affiliate of
any person or company named in (a)&nbsp;or (b), had a material interest in any transaction involving Emera within Emera&#146;s last three completed financial years or during the current financial year that has materially affected or is reasonably
expected to materially affect Emera. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>MATERIAL CONTRACTS </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Emera has no material contracts other than those noted below and those entered into in the ordinary course of its business. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Material contracts entered into in connection with the financings related to the TECO Transaction, namely, the applicable Trust Indenture and First
Supplemental Indenture in respect of the issuance of each of the U.S. Notes, the Hybrid Notes and the Canadian Notes, have been filed on SEDAR at <FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT
STYLE="font-family:ARIAL">. </FONT></P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>EXPERTS </B></FONT></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:13pt; font-family:ARIAL"><B>Interest of Experts </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Ernst&nbsp;&amp; Young LLP are the
external auditors of Emera. Ernst&nbsp;&amp; Young LLP report that they are independent within the meaning of the Rules of the Chartered Professional Accountants Nova Scotia Code of Professional Conduct. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">PricewaterhouseCoopers LLP are the auditors of TECO Energy, and as such were the auditors of the financial statements in respect of the TECO Transaction
included in the business acquisition report of Emera filed on August&nbsp;5, 2016, as set forth in its report thereon. </P> <P STYLE="margin-top:20pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL"><FONT COLOR="#365f91"><B>ADDITIONAL
INFORMATION </B></FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">Additional information relating to Emera may be found on SEDAR at
<FONT STYLE="font-family:ARIAL" COLOR="#0000ff"><U>www.sedar.com</U></FONT><FONT STYLE="font-family:ARIAL"> or upon request to the Corporate Secretary, Emera Incorporated, P.O. Box 910, Halifax, N.S., B3J 2W5, telephone (902)&nbsp;428-6096 or fax
(902)&nbsp;428-6171. Additional information, including Directors&#146; and Officers&#146; remuneration and indebtedness, principal holders of Emera&#146;s securities and securities authorized for issuance under equity compensation plans, is
contained in Emera&#146;s information circular for the most recent annual meeting of Emera&#146;s common shareholders. Additional financial information is provided in Emera&#146;s financial statements and MD&amp;A for the year ended
December&nbsp;31, 2016. </FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:ARIAL" ALIGN="justify">At any time, Emera will provide to any person upon request to the Corporate Secretary, a copy of the Emera Group of
Companies&#146; Standards for Business Conduct. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="center"><B>Appendix &#147;A&#148; </B></P>
<P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="center"><B>Emera Incorporated </B></P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:14pt; font-family:ARIAL" ALIGN="center"><B>Audit Committee Charter
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>PART I </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>MANDATE
AND RESPONSIBILITIES </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman"><I><U>Committee Purpose</U> </I></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify"><I>There shall be a committee of the Board of Directors (the &#147;Board&#148;) of Emera Inc. (&#147;Emera&#148;) which shall be known as the
Audit Committee (the &#147;Committee&#148;). The Committee shall assist the Board in discharging its oversight responsibilities concerning: </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>the quality and integrity of Emera&#146;s financial statements; </I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>the effectiveness of Emera&#146;s internal control systems over financial reporting;
</I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>the internal audit and assurance process; </I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>the qualifications, independence and performance of the external auditors; </I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>major financial risk exposures; </I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>Emera&#146;s compliance with legal requirements and securities regulations in respect of financial
statements and financial reporting; and </I></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><I>-</I></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><I>any other duties set out in this Charter or delegated to the Committee by the Board.
</I></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>1.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Financial Reporting </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall be responsible for reviewing, assessing the completeness and clarity of the disclosures
in, and recommending to the Board for approval: </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the audited annual financial statements of Emera, all related Management&#146;s Discussion and Analysis, and
earnings press releases; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any documents containing Emera&#146;s audited financial statements; and, </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="15%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the quarterly financial statements, all related Management&#146;s Discussion and Analysis, and earnings press
releases. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall oversee and assess that adequate procedures are in place for the review of public
disclosure of financial information. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>2.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>External Auditors </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall evaluate and recommend to the Board the external auditor to be nominated for the purpose
of preparing or issuing the auditor&#146;s report or performing other audit, review, or attest services for Emera, and the compensation of such external auditors. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Once appointed, the external auditor shall report directly to the Committee, and the Committee shall oversee
the work of the external auditor concerning the preparation or issuance of the auditor&#146;s report or the performance of other audit, review or attest services for Emera. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">



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<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 67
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall be responsible for resolving disagreements between management and the external auditor
concerning financial reporting. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">At least annually, the Committee shall obtain and review a report by the external auditors describing:
(i)&nbsp;the firm&#146;s internal quality control procedures; (ii)&nbsp;any material issues raised by the most recent internal quality control review, or peer review, of the firm, or by any inquiry or investigation by governmental or professional
authorities, within the preceding five years, with respect to one or more external audits carried out by the firm, and any steps taken to deal with any such issues; and (iii)&nbsp;all relationships between the external auditors and Emera (to assess
the auditors&#146; independence). After reviewing the foregoing report and the external auditors&#146; work throughout the year, the Committee shall evaluate the auditors&#146; qualifications, performance, professional skepticism and independence.
Such evaluation should include the review and evaluation of the lead audit partner and take into account the opinions of Management and the internal auditor. The Committee shall determine that the external audit firm has a process in place to
address the rotation of the lead audit partner and other audit partners serving the account as required under prescribed independence rules. The Committee shall make recommendations to the Board on appropriate actions to be taken which the Committee
deems necessary to protect and enhance the independence of the external auditor. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review the experience and qualifications of the audit team, the performance of the
external auditor, including assessing their effectiveness and quality of service, annually and, every five (5)&nbsp;years, perform a comprehensive review of the performance of the external auditors over multiple years to provide further insight on
the audit firm, its independence and application of professional standards. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall regularly review with the external auditors any audit problems or difficulties encountered
during the course of the audit work, including any restrictions on the scope of the external auditors&#146; activities or access to requested information, and Management&#146;s response. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee will review differences that were noted or proposed by the external auditors, but that were
considered immaterial or insignificant; and any &#147;management&#148; or &#147;internal control&#148; letter issued, or proposed to be issued. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>3.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Non-Audit Services </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall be responsible for reviewing and pre-approving all non-audit services to be provided to
Emera, or any of its subsidiaries, by the external auditor. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee may establish specific policies and procedures concerning the performance of non-audit services
by the external auditor so long as the requirements of applicable legislation and regulation are satisfied. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">In accordance with policies and procedures established by the Committee, and applicable legislation and
regulation, the Committee may delegate the pre-approval of non-audit services to a member of the Committee or a sub-committee thereof. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>4.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Oversight and Monitoring of Audits </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review with the external auditor, the internal auditors and Management (i)&nbsp;the audit
function generally, (ii)&nbsp;the objectives, staffing, locations, co-ordination, reliance upon Management and internal audit and, (iii)&nbsp;for subsidiaries, reliance on external audit, and general audit approach and scope of proposed audits of
the financial statements of Emera and its subsidiaries, (iv)&nbsp;the overall audit plans, (v)&nbsp;the responsibilities of Management, the internal auditors and the external auditor, (vi)&nbsp;the audit procedures to be used and (vii)&nbsp;the
timing and estimated budgets of the audits. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TR>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 68
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall discuss with the external auditor any issues that arise with Management or the internal
auditors during the course of the audit and the adequacy of Management&#146;s responses in addressing audit-related deficiencies. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review with Management the results of internal and external audits. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall take such other reasonable steps as it may deem necessary to oversee that the audit was
conducted in a manner consistent with applicable legal requirements and auditing standards of applicable professional or regulatory bodies. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>5.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Oversight and Review of Accounting Principles and Practices </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall oversee, review and discuss with Management, the external auditor and the internal auditors: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the quality, appropriateness and acceptability of Emera&#146;s accounting principles and practices used in its
financial reporting, changes in Emera&#146;s accounting principles or practices and the application of particular accounting principles and disclosure practices by Management to new transactions or events; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">all significant financial reporting issues and judgments made in connection with the preparation of the
financial statements, including the effects of alternative methods within generally accepted accounting principles on the financial statements and any &#147;other opinions&#148; sought by Management from an independent auditor, other than the
Company&#146;s external auditors, with respect to the accounting treatment of a particular item, and other material written communications between the external auditors and management; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">disagreements between Management and the external auditor or the internal auditors regarding the application
of any accounting principles or practices; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any material change to Emera&#146;s auditing and accounting principles and practices as recommended by
Management, the external auditor or the internal auditors or which may result from proposed changes to applicable generally accepted accounting principles; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the effect of regulatory and accounting initiatives on Emera&#146;s financial statements and other financial
disclosures; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any reserves, accruals, provisions, estimates or Management programs and policies, including factors that
affect asset and liability carrying values and the timing of revenue and expense recognition, that may have a material effect upon the financial statements of Emera; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the use of special purpose entities and the business purpose and economic effect of off-balance sheet
transactions, arrangements, obligations, guarantees and other relationships of Emera and their impact on the reported financial results of Emera; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">h)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">any legal matter, claim or contingency that could have a significant impact on the financial statements,
Emera&#146;s compliance policies and any material reports, inquiries or other correspondence received from regulators or governmental agencies and the manner in which any such legal matter, claim or contingency has been disclosed in Emera&#146;s
financial statements; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the treatment for financial reporting purposes of any significant transactions which are not a normal part of
Emera&#146;s operations. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 69
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>6.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Hiring Policies </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall review and approve Emera&#146;s hiring policy concerning partners or employees, as well as former partners and employees,
of the present or former external auditors of Emera. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>7.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Pension Plans </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall exercise oversight of the pension plans in accordance with the Pension Oversight Framework adopted by Emera. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>8.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Oversight of Finance Matters </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review the appointments of key financial executives involved in the financial reporting
process of Emera, including the Chief Financial Officer. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee may request for review, and shall receive when requested, material tax policies and tax planning
initiatives, tax payments and reporting and any pending tax audits or assessments. The Committee shall review Emera&#146;s compliance with tax and financial reporting laws and regulations. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall meet at least annually with Management to review and discuss Emera&#146;s major financial
risk exposures and the policy steps Management has taken to monitor and control such exposures, including the use of financial derivatives, hedging activities, and credit and trading risks. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee may review any investments or transactions that the Committee wishes to review, or which the
internal or external auditor, or any officer of Emera, may bring to the attention of the Committee within the context of this charter. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review financial information of material subsidiaries of Emera and any auditor
recommendations concerning such subsidiaries. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee may request for review, and shall receive when requested, all related party transactions
required to be disclosed pursuant to generally accepted accounting principles, and discuss with Management the business rationale for the transactions and whether appropriate disclosures have been made. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>9.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Internal Controls </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall oversee: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">the adequacy and effectiveness of the Company&#146;s internal accounting and financial controls and the
recommendations of Management, the external auditor and the internal auditors for the improvement of accounting practices and internal controls; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">management&#146;s compliance with the Company&#146;s processes, procedures and internal controls.
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">In exercising such oversight, the Committee shall review and discuss each of the foregoing with Management, the
external auditor and the internal auditor. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 70
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee will carry out the following specific duties: </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Review and discuss with the Chief Executive Officer and the Chief Financial Officer the procedures undertaken
in connection with the Chief Executive Officer and Chief Financial Officer certifications for the annual and interim filings with applicable securities regulatory authorities. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Review disclosures made by Emera&#146;s Chief Executive Officer and Chief Financial Officer during their
certification process for the annual and interim filing with applicable securities regulatory authorities about any significant deficiencies in the design or operation of internal controls which could adversely affect Emera&#146;s ability to record,
process, summarize and report financial data or any material weaknesses in the internal controls, and any fraud involving management or other employees who have a significant role in the Emera&#146;s internal controls. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Discuss with Emera&#146;s Chief Legal Officer at least annually any legal matters that may have a material
impact on the financial statements, operations, assets or compliance policies and any material reports or inquiries received by Emera or any of its subsidiaries from regulators or governmental agencies. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>10.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Internal Auditor </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The lead internal auditor shall report directly to the Committee. The Committee shall: </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">approve the appointment of; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">review the terms of engagement of; </P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="12%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(iii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">be consulted with respect to the compensation payable to, and the replacement or termination of;
</P></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:12%; font-size:11pt; font-family:Times New Roman" ALIGN="justify">the lead internal auditor. The Committee shall review the charter, reporting relationship, activities,
staffing, organizational structure, and credentials of the internal audit department. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review and approve the annual internal audit plan, and all major changes to the plan. The
Committee shall review and discuss with the internal auditors the scope, progress, and results of executing the internal audit plan. The Committee shall receive reports on the status of significant findings, recommendations, and management&#146;s
responses. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall meet periodically with the internal auditors to discuss the progress of their activities,
any significant findings stemming from internal audits, any issues that arise with Management, and the adequacy of Management&#146;s responses in addressing audit-related deficiencies. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall obtain from the internal auditors and review summaries of the significant reports to
Management prepared by the internal auditors, and the actual reports if requested by the Committee, and Management&#146;s responses to such reports. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall annually receive and review a report on the Chief Executive Officers&#146; expense
accounts. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee may communicate with the internal auditors with respect to their reports and recommendations,
the extent to which prior recommendations have been implemented and any other matters that the internal auditor brings to the attention of the Committee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall, annually or more frequently as it deems necessary, evaluate the internal auditors
including their activities, organizational structure and qualifications and effectiveness. The internal auditors shall confirm to the Committee that they adhere to applicable professional standards. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">h)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall review the independence of the internal auditors and shall make recommendations to the
Board on appropriate actions to be taken which the Committee deems necessary to protect and enhance the independence of the internal auditors. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>

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<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>11.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Complaints </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall oversee procedures relating to the receipt, retention, and treatment of complaints received concerning accounting,
internal accounting controls, or auditing matters. The Committee shall also review procedures concerning the confidential, anonymous submission of concerns by Emera&#146;s employees relating to questionable accounting or auditing matters. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>12.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Other Responsibilities </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Annually, review insurance programs; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Periodically review Management&#146;s process for identifying non-compliance with legal and regulatory
requirements; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Annually receive and review a report on executive officers&#146; compliance with the Company&#146;s Code of
Conduct; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Perform such other duties and exercise such powers as may be directed or delegated to the Committee by the
Board. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>13.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Limitation on Authority </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Nothing articulated herein is intended to assign to the Committee the Board&#146;s responsibility to oversee Emera&#146;s compliance with
applicable laws or regulations or to expand applicable standards of liability under statutory or regulatory requirements for the Directors or the members of the Committee. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>PART II </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>COMPOSITION
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>14.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Composition </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Emera&#146;s Articles of Association require that the Committee shall be comprised of no less than three
directors none of whom may be officers or employees of Emera nor may they be an officer or employee of any affiliate of Emera. In addition, all members of the Committee shall be independent as required by applicable legislation.
</P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Board shall appoint members to the Committee who are financially literate, as required by applicable
legislation, which at a minimum requires that Committee members have the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth
and complexity of issues that can reasonably be expected to be raised by Emera&#146;s financial statements. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Committee members shall be appointed at the Board meeting following the election of Directors at Emera&#146;s
annual shareholders&#146; meeting and membership may be based upon the recommendation of the Nominating and Corporate Governance Committee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Pursuant to Emera&#146;s Articles of Association, the Board may appoint, remove, or replace any member of the
Committee at any time, and a member of the Committee shall cease to be a member of the Committee upon ceasing to be a Director. Subject to the foregoing, each member of the Committee shall hold office as such until the next annual meeting of
shareholders after the member&#146;s appointment to the Committee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Secretary of the Committee shall advise Emera&#146;s internal and external auditors of the names of the
members of the Committee promptly following their election. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>


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<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="20%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:ARIAL; font-size:11pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
 72
</FONT></TD></TR></TABLE> <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P>
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>PART III </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="center"><B>COMMITTEE PROCEDURE </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>15.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Meetings </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Meetings of the Committee may be called by the Chair or at the request of any member. The Committee shall meet
at least quarterly. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The timing and location of meetings of the Committee, and the calling of and procedure at any such meeting,
shall be determined from time to time by the Committee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Emera&#146;s internal and external auditors shall be notified of all meetings of the Committee and shall have
the right to appear before and be heard by the Committee. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Emera&#146;s internal or external auditors may request the Chair of the Committee to consider any matters
which the internal or external auditors believe should be brought to the attention of the Committee or the Board. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>16.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Separate Sessions </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee Chair shall meet periodically with the Chief Financial Officer, the lead internal auditor and
the external auditor in separate executive sessions to discuss any matters that the Committee or each of these groups believes should be discussed privately. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Chief Financial Officer, the lead internal auditor and the external auditor shall have access to the
Committee to bring forward matters requiring its attention. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">The Committee shall meet periodically without Management present. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>17.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Quorum </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman">Two members of the Committee present in person, by teleconferencing, or by videoconferencing, or by a combination thereof, will constitute a quorum. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>18.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Chair </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Pursuant to Emera&#146;s Articles of Association, the Committee shall choose one of its members to act as Chair of the Committee, which person
shall not be the Chair of Nova Scotia Power Inc.&#146;s Audit Committee. In selecting a Committee Chair, the Committee may consider any recommendation made by the Nominating and Corporate Governance Committee. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>19.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Secretary and Minutes </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">Pursuant to Emera&#146;s Articles of Association, the Corporate Secretary of Emera shall act as the Secretary of the Committee. Emera&#146;s
Articles of Association require that the Minutes of the Committee be in writing and duly entered into Emera&#146;s records, and the Minutes shall be circulated to all members of the Committee. The Secretary shall maintain all Committee records. </P>

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<TD VALIGN="top" ALIGN="right"><FONT COLOR="#365f91"><B>2016 Annual Information Form</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="right"><FONT COLOR="#244061">
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<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>20.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Board Relationships and Reporting </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee shall: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Review annually the Committee&#146;s Charter; </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Oversee the appropriate disclosure of the Committee&#146;s Charter as well as other information concerning the
Committee which is required to be disclosed by applicable legislation in Emera&#146;s Annual Information Form and any other applicable disclosure documents; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD WIDTH="6%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Report to the Board at the next following board meeting on any meeting held by the Committee, and as required,
regularly report to the Board on Committee activities, issues, and related recommendations; and </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">Maintain free and open communication between the Committee, the external auditors, internal auditors, and
Management, and determine that all parties are aware of their responsibilities. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>21.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Powers </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">&nbsp;The Committee shall: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">examine and consider such other matters, and meet with such persons, in connection with the internal or
external audit of Emera&#146;s accounts, which the Committee in its discretion determines to be advisable; </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">have the authority to communicate directly with the internal and external auditors; and </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:11pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="6%">&nbsp;</TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt">have the right to inspect all records of Emera or its affiliates and may elect to discuss such records, or any
matters relating to the financial affairs of Emera with the officers or auditors of Emera and its affiliates. </P></TD></TR></TABLE> <P STYLE="font-size:20pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="6%" VALIGN="top" ALIGN="left"><B>22.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:11pt"><B>Experts and Advisors </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:11pt; font-family:Times New Roman" ALIGN="justify">The Committee may, in consultation with the Chairman of the Board, engage and compensate any outside adviser that it determines necessary in
order to carry out its duties. </P>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>d360590dex992.htm
<DESCRIPTION>MANAGEMENT'S DISCUSSION AND ANALYSIS
<TEXT>
<HTML><HEAD>
<TITLE>Management's Discussion and Analysis</TITLE>
</HEAD>
  <body link=blue vlink=purple>
 &nbsp; <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;font-weight:bold;text-align:right"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Exhibit 99.2</font></font></p>
<a name="page_1"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <h1 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;">
<img alt=EmeralogoKBW height=67 id="Picture 1" src="g360590maindocument001x0x0.jpg" width=204></h1>
<h1 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></h1> <h1 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">Management&#8217;s Discussion &amp; Analysis</font></b></h1> <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">As at February 10, 2017</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Management&#8217;s Discussion &amp; Analysis (&#8220;MD&amp;A&#8221;) provides a review of the results of operations of Emera Incorporated and its subsidiaries and
investments (&#8220;Emera&#8221;) during the
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">fourth&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> quarter of </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> relative to the same quarter in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">; the full year of </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> relative to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2014</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">; and its financial position as at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> relative to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; To enhance shareholders&#8217;
understanding, certain multi-year historical financial and statistical information is presented.&#160; Throughout this discussion, &#8220;Emera Incorporated&#8221;, &#8220;Emera&#8221; and &#8220;Company&#8221; refer to Emera Incorporated and all of
its consolidated subsidiaries and investments.&#160; The Company&#8217;s activities are carried out through six business segments; Emera Florida and New Mexico, Nova Scotia Power Inc. (&#8220;NSPI&#8221;), Emera Maine, Emera Caribbean, Emera Energy
and Corporate and Other.&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This discussion and analysis should be read in conjunction with the Emera
Incorporated annual audited consolidated financial statements and supporting notes as at and for the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Emera follows United States Generally Accepted Accounting Principles (&#8220;USGAAP&#8221; or &#8220;GAAP&#8221;).</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The accounting policies used by Emera&#8217;s rate-regulated entities may differ
from those used by Emera&#8217;s non-rate-regulated businesses with respect to the timing of recognition of certain assets, liabilities, revenues and expenses.&#160; Emera&#8217;s rate-regulated subsidiaries include: </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
<tr>
<td valign=top width=51% style="border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Emera Rate-Regulated
Subsidiary or Equity Investment</font></b></p> </td>
<td valign=top width=49% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Accounting Policies Approved/Examined By</font></b></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Subsidiary</font></b></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Tampa Electric&#160; &#8211; Electric Division of Tampa Electric Company (&#8220;TEC&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Florida Public Service Commission (&#8220;FPSC&#8221;) and the Federal Energy Regulatory Commission (&#8220;FERC&#8221;)</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Peoples Gas System (&#8220;PGS&#8221;) &#8211; Gas Division of TEC</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">FPSC</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">New Mexico Gas Company, Inc. (&#8220;NMGC&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">New Mexico Public Regulation Commission (&#8220;NMPRC&#8221;)</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Nova Scotia Power Inc. (&#8220;NSPI&#8221;) </font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Nova Scotia Utility and Review Board (&#8220;UARB&#8221;) </font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Emera Maine </font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Maine Public Utilities Commission (&#8220;MPUC&#8221;) and FERC </font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Barbados Light &amp; Power Company Limited (&#8220;BLPC&#8221;) </font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Fair Trading Commission, Barbados</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Grand Bahama Power Company Limited (&#8220;GBPC&#8221;) </font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">The Grand Bahama Port Authority (&#8220;GBPA&#8221;)</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Dominica Electricity Services Ltd. (&#8220;Domlec&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Independent Regulatory Commission, Dominica&#160; (&#8220;IRC&#8221;)</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Brunswick Pipeline Company Limited (&#8220;Brunswick Pipeline&#8221;) </font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">National Energy Board (&#8220;NEB&#8221;)</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Equity Investment</font></b></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">NSP Maritime Link Inc. (&#8220;NSPML&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">UARB</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Maritimes &amp; Northeast Pipeline Limited Partnership and Maritimes &amp; Northeast Pipeline LLC (&#8220;M&amp;NP&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">NEB and FERC</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Labrador Island Link Limited Partnership (&#8220;LIL&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Newfoundland and Labrador Board of Commissioners of Public Utilities</font></p> </td> </tr>
<tr>
<td valign=top width=51% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">St. Lucia Electricity Services Limited (&#8220;Lucelec&#8221;)</font></p> </td>
<td valign=top width=49% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">National Utility Regulatory Commission (&#8220;NURC&#8221;)</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">1</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_2"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">All amounts are in Canadian dollars (&#8220;CAD&#8221;) except for the Emera Florida and New Mexico, Emera Maine and Emera Caribbean sections of the MD&amp;A, which are
reported in US dollars (&#8220;USD&#8221;), unless otherwise stated. &#160;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Additional information related to Emera, including the Company&#8217;s Annual Information Form, can be found on SEDAR at www.sedar.com.<br> <br> </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Forward-Looking Information</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">This MD&amp;A contains &#8220;forward-looking information&#8221; and statements which reflect the current view with respect to the Company&#8217;s expectations regarding future growth,
results of operations, performance, business prospects and opportunities and may not be appropriate for other purposes within the meaning of applicable Canadian securities laws.&#160; All such information and statements are made pursuant to safe
harbour provisions contained in applicable securities legislation.&#160; The words &#8220;anticipates&#8221;, &#8220;believes&#8221;, &#8220;could&#8221;, &#8220;estimates&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;may&#8221;,
&#8220;plans&#8221;, &#8220;projects&#8221;, &#8220;schedule&#8221;, &#8220;should&#8221;, &#8220;budget&#8221;, &#8220;forecast&#8221;, &#8220;might&#8221;, &#8220;will&#8221;, &#8220;would&#8221;, &#8220;targets&#8221; and similar expressions are
often intended to identify forward-looking information, although not all forward-looking information contains these identifying words.&#160; The forward-looking information reflects management&#8217;s current beliefs and is based on information
currently available to Emera&#8217;s management and should not be read as guarantees of future events, performance or results, and will not necessarily be accurate indications of whether, or the time at which, such events, performance or results
will be achieved. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The forward-looking information is based on reasonable assumptions and is subject to risks, uncertainties and other factors that could cause actual results to differ materially from
historical results or results anticipated by the forward-looking information.&#160; Factors which could cause results or events to differ from current expectations are discussed in the Outlook section of the MD&amp;A and may also include: regulatory
risk; operating and maintenance risks; changes in economic conditions; commodity price and availability risk; capital market and liquidity risk; enterprise resource planning implementation risk; future dividend growth; timing and costs associated
with certain capital projects; the expected impacts on Emera of challenges in the global economy; estimated energy consumption rates; maintenance of adequate insurance coverage; changes in customer energy usage patterns; developments in technology
that could reduce demand for electricity; weather; commodity price risk; unanticipated maintenance and other expenditures; system operating and maintenance risk; project development and construction risk; derivative financial instruments and
hedging; interest rate risk; credit risk; commercial relationship risk; disruption of fuel supply; country risks; environmental risks; foreign exchange; regulatory and government decisions, including changes to environmental, financial reporting and
tax legislation; risks associated with pension plan performance and funding requirements; loss of service area; risk of failure of information technology infrastructure and cybersecurity risks; market energy sales prices; labour relations; and
availability of labour and management resources. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Readers are cautioned not to place undue reliance on forward-looking information as
actual results could differ materially from the plans, expectations, estimates or intentions and statements expressed in the forward-looking information.&#160; All forward-looking information in this MD&amp;A is qualified in its entirety by the
above cautionary statements and, except as required by law, Emera undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise.</font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;text-transform:uppercase;">Introduction and Strategic
Overview</font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">2</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_3"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Incorporated is a geographically diverse energy and services company, targeting eight per cent annual dividend growth through 2020. The Company invests in
electricity generation, electricity transmission and distribution, gas transmission and distribution, and utility services.&#160; Emera provides regional energy solutions by connecting its assets, markets and partners in Canada, the United States
and the Caribbean.</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;"> &nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera seeks to deliver long-term growth to investors and, accordingly, the primary measures of performance are annual dividend growth, earnings per common share growth,
adjusted earnings per common share growth and total shareholder return.&#160; </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Below are Emera&#8217;s one, three and five
year performance for these metrics:</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;margin-right:14.65pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=64% style="border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=3 nowrap valign=top width=36% style="border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December
31, 2016</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=64% style="border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=12% style="border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1 year</font></p>
</td>
<td nowrap width=12% style="border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3 year</font></p>
</td>
<td nowrap width=12% style="border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5 year</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=64% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dividend per share compound annual growth rate</font></p> </td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">19.9%</font></p>
</td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12.2%</font></p>
</td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8.7%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=64% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per share compound annual growth rate</font></p> </td>
<td nowrap width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(51.1%)</font></p>
</td>
<td nowrap width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(6.7%)</font></p>
</td>
<td nowrap width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(7.7%)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=64% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted earnings per share compound annual
growth rate (see Non-GAAP Financial Measures below)</font></p> </td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">22.6%</font></p>
</td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12.2%</font></p>
</td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.7%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=64% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera annualized total shareholder return
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1)&nbsp;</font></p> </td>
<td nowrap width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.6%</font></p>
</td>
<td nowrap width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">18.3%</font></p>
</td>
<td nowrap width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.0%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=64% style="background:#DCE6F2;border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">S&amp;P/TSX Capped Utilities Index annualized total shareholder return </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">17.4%</font></p>
</td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.3%</font></p>
</td>
<td nowrap width=12% style="background:#DCE6F2;border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.9%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=4 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Total shareholder return combines share price appreciation and dividends per common share paid during the fiscal year to show the total return to the
shareholder expressed as an annualized percentage, assuming dividends are reinvested each time they are paid. </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=4 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">The S&amp;P/TSX Capped Sector Indices provide liquid and tradable benchmarks for related derivative products of Canadian economic sectors. Constituents are
selected from a stock pool of S&amp;P/TSX Composite Index Stocks, and the relative weight of any single index constituent is capped at 25 per cent. The indices are based upon the Global Industry Classification Standards (GICS&#174;). The S&amp;P/TSX
Capped Utilities Index imposes capped weights on the index constituents included in the S&amp;P/TSX Composite that are classified in the GICS&#174; utilities sector.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;margin-right:15.8pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Regulated utilities are the foundation of Emera&#8217;s business, providing the
Company with strong and consistent earnings.&#160; At the core of Emera&#8217;s utilities strategy is identifying opportunities to invest in the transition from higher-carbon methods of electricity generation to lower-carbon alternatives.&#160; In
Florida and New Mexico the Company is evaluating a number of initiatives, including transmission and solar generation,</font><font color=#1F497D face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">that would reduce carbon emissions.&#160; NSPI has invested in wind energy, biomass and hydroelectricity and is on track to meet a minimum 40 per cent renewable standard by 2020.&#160; In
the Caribbean, Emera is similarly focused on introducing cleaner generation alternatives, with an emphasis on affordability and fuel cost stability for its customers.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;margin-right:15.8pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera is investing in electricity transmission to deliver new renewable energy
to market.&#160; Emera&#8217;s ownership in the Maritime Link Project will contribute to the transformation of the electricity market in the Atlantic provinces, enabling growth in the availability of clean, renewable energy for the region.&#160; In
addition, the Atlantic provinces will benefit from enhanced connection to the northeastern United States, providing potential for excess renewable energy to be delivered throughout that region.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;margin-right:14.65pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Since its formation in 2003, Emera Energy has become an active participant in
the northeastern United States electricity and natural gas markets.&#160; It has built a strong marketing, trading and asset management business, based on comprehensive market knowledge, focus on customer service and robust risk management.&#160;
The integration and performance of three New England Gas Generating Facilities (&#8220;NEGG&#8221;) purchased in 2013 has contributed significantly to the success of Emera Energy.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Energy markets
worldwide, in particular across North America, are undergoing foundational changes that have created significant investment opportunities for companies with Emera&#8217;s experience and capabilities.&#160; Key trends contributing to these investment
opportunities include: aging infrastructure, lower-cost natural gas, growing demand for new electric heating and cooling solutions, the requirement for large-scale transmission projects to deliver new energy sources to customers, and environmental
concerns. These environmental concerns include a desire to reduce the emissions of carbon dioxide and other greenhouse gases and the potential effect of climate change, including changes in global and regional weather patterns, changes in the
frequency and intensity of extreme weather events, and rising sea levels.&#160; Within this context, Emera is focused on growing shareholder value by identifying reliable and </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">3</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_4"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">affordable energy solutions, typically involving replacement of
higher-carbon electricity generation with generation from cleaner sources, and the related transmission and distribution infrastructure to deliver that energy to market.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has partnerships
and relationships throughout the regions in which it operates and has established a diverse investment and operations profile that links its assets and capabilities in those regions.&#160; At the core of Emera&#8217;s strategy is the ability to
leverage these particular linkages and adjacencies to create solutions for customers and investment opportunities for the Company. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The foundation of
Emera&#8217;s strategy is its collaborative approach to strategic partnerships, its ability to find creative solutions to work within and across multiple jurisdictions, and its experience dealing with complex projects and investment
structures.&#160; The Company will continue to make investments in its regulated utilities to benefit customers and focus on providing rate stability.&#160; From time to time, Emera will make acquisitions, both regulated and unregulated, where the
business or asset acquired aligns with Emera&#8217;s strategic initiatives and delivers shareholder value.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To ensure stability in the utilities&#8217; net income and cash flows, Emera employs operating and governance models that
focus on safety and operational excellence, constructive regulatory approaches, proactive stakeholder engagement and a customer focus through service reliability and rate stability.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;
&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera targets
achieving 75 to 85 per cent of its adjusted net income (a non-GAAP measure described in the section below) from rate-regulated subsidiaries, which generally contribute strong, predictable earnings and cash flows that fund dividends, reinvestment and
are reflective of the Company&#8217;s risk tolerance.&#160; The Company is expected to achieve this adjusted net income target with the July 1, 2016 close of its acquisition of TECO Energy, Inc. (&#8220;TECO Energy&#8221;). The Company targets a
dividend payout ratio of 70 to 75 per cent of adjusted net income.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has grown its
asset base to enable growth and deliver on its strategic objectives.&#160; Over the last 10 years, Emera&#8217;s ability to raise the capital necessary to fund investments has been a strong enabler of the Company&#8217;s growth.&#160; This was
demonstrated in Emera&#8217;s financing of the TECO Energy acquisition.&#160; In addition to access to debt and equity capital markets, cash flow from operations will continue to play a role in financing the Company&#8217;s future growth.&#160;
Maintaining strong, investment grade credit ratings is an important component of Emera&#8217;s financing strategy. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The energy industry is seasonal in nature.&#160; Seasonal patterns and other weather events, including the number and
severity of storms, can affect demand for energy and cost of service.&#160; Similarly, mark-to-market adjustments and foreign currency exchange can have a material impact on the financial results for a specific period.&#160; Results in any one
quarter are not necessarily indicative of results in any other quarter, or for the year as a whole. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">BUSINESS OVERVIEW</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Energy markets across North America are affected by a number of trends that shape the environment in which energy and utility companies
operate.&#160; Some of these trends are short-term or cyclical, while others evolve to have a significant long-term impact on businesses and stakeholders across the sector.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Among the key trends influencing
Emera&#8217;s long-term strategy is the increasing expectation by customers and policy-makers for a permanent reduction in the
</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">carbon-equivalent levels</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">of electricity generation.&#160;
Advocacy for cleaner, renewable sources of electricity has become a defining trend in the industry globally, not just in the markets Emera serves.&#160; While it is still unclear whether economic volatility and lower fossil fuel prices will slow the
pace of this transformation, its impact on the sector continues to be felt in the form of mandated and incented carbon reductions throughout eastern North America and in the Caribbean.&#160; As such, investment in wind and hydro generation, and
natural gas infrastructure, is likely to continue across the sector </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">despite any cost differential with more carbon-intensive
generating options.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">4</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The transformation in generation and fuel selection also has a significant impact on the requirement for new transmission infrastructure.&#160; In addition to the
traditional issues of infrastructure life expectancy and changing technology, infrastructure renewal planning must now also consider the changing energy landscape.&#160; Gas extraction from the Marcellus Shale region of the United States, major new
hydro developments in Newfoundland and Labrador, and development of new wind farms in northern New England and Atlantic Canada (to name a few) require significant new transmission infrastructure to bring this energy to market. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The capital spending requirements related to
new infrastructure will need to be addressed in the context of the intense focus of customers and regulators on electricity pricing and affordability.&#160; Going forward, the ability of energy companies to achieve their growth objectives,
environmental targets and other goals, will depend on their ability to address price and affordability.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As technology advances, so does availability and demand for affordable new mechanisms that allow consumers to have more control over their energy usage and for utilities
to introduce more efficient energy solutions for their customers.&#160; This includes grid modernization or &#8216;smart grid&#8217; advances that, when combined with in-home products such as heat pumps and electric thermal storage units, have the
potential to significantly increase energy efficiency for consumers while allowing utilities to better manage peak load. Load is the total amount of electricity or gas delivered in order to meet energy-consumption demands of Emera&#8217;s customers.
In addition, as with wind turbine technology, advancements in solar technology have significantly reduced solar generation costs, bringing them more in line with the cost of fossil fuel generation in some higher-cost jurisdictions.&#160; This gives
rise to customer expectations that they will be able to benefit from options such as distributed generation.&#160; Continued and advancing development of energy storage technology will further transform and support the efficient and practical
utilization of renewables and will facilitate the integration of more distributed generation.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">These and other trends create opportunities and challenges for businesses, regulators, investors and other stakeholders within the energy sector, and are expected to drive
increased regional cooperation and interconnection within the energy industry.&#160; </font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Whether it is the
need to transport natural gas and electricity from disparate regions to markets on the eastern seaboard, or the need to gain efficiencies by coordinating electricity generation and dispatch across multiple jurisdictions, inter-regional cooperation
has emerged as an important trend.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Non-GAAP Financial Measures</font></b></font></h2> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities.&#160; Emera calculates the
non-GAAP measures by adjusting certain GAAP measures for specific items the Company believes are significant, but not reflective of underlying operations in the period, as detailed below:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td width=50% style="border:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-GAAP measure</font></b></p> </td>
<td width=50% style="border:none;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GAAP
measure</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common
shareholders or adjusted net income</font></p> </td>
<td valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common
shareholders</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=50% style="border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted earnings per common share &#8211;
basic</font></p> </td>
<td nowrap valign=top width=50% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211;
basic</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted contribution to consolidated net
income</font></p> </td>
<td nowrap valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net
income</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=50% style="border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted income before provision for income
taxes</font></p> </td>
<td nowrap valign=top width=50% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income
taxes</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted contribution to consolidated earnings
per common share &#8211; basic</font></p> </td>
<td valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common
share &#8211; basic</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=50% style="border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA</font></p> </td>
<td nowrap valign=top width=50% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income&#160; </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td nowrap valign=top width=50% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=50% style="border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric margin and gas margin</font></p> </td>
<td nowrap valign=top width=50% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></p> </td> </tr>
</table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<h3 style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Adjusted Net Income </font></b></h3>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera calculates an adjusted net income measure by consistently excluding the
effect of:</font></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">5</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_6"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the mark-to-market adjustments related to Emera&#8217;s held-for-trading (&#8220;HFT&#8221;) commodity derivative instruments, including adjustments related to the price
differential between the point where natural gas is sourced and where it is delivered;</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the mark-to-market adjustments included in Emera&#8217;s equity income related to the business activities of Bear Swamp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the amortization of
transportation capacity recognized as a result of certain Emera Energy marketing and trading transactions;</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the mark-to-market adjustments related to an interest rate swap in Brunswick Pipeline; and</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the mark-to-market adjustments included in Emera&#8217;s other income related to the effect of TECO Energy acquisition USD-denominated currency and forward
contracts.&#160; These contracts were put in place to economically hedge the anticipated proceeds from the 2015 sale of $2.185 billion four per cent convertible unsecured subordinated debentures represented by instalment receipts (&#8220;the
Debenture Offering&#8221; or &#8220;Debentures&#8221; or &#8220;Convertible Debentures&#8221;) for the TECO Energy acquisition. </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Management believes excluding from income the effect of these mark-to-market valuations and changes thereto, until settlement, better aligns the intent and financial
effect of these contracts with the underlying cash flows and the ongoing operations of the business, and allows investors to better understand and evaluate the business.&#160; Management and the Board of Directors use this non-GAAP measure for
evaluation of performance and incentive compensation. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Mark-to-market adjustments are further discussed in the Consolidated Financial
Highlights section, Emera Energy &#8211; Review of </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and Corporate and Other &#8211; Review of
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016.&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; &nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following is a reconciliation of reported net income attributable to common
shareholders to adjusted net income attributable to common shareholders, and reported earnings per common share &#8211; basic to adjusted earnings per common share &#8211; basic:</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=5 valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
407</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
105</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(248)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common shareholders</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
319</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.34</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.31</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.72</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.84</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.51</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.59</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.77</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.26</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.23</font></p> </td> </tr> </table></div> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-top:10.0pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">EBITDA and
Adjusted EBITDA</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Earnings before
interest, income taxes, depreciation and amortization (&#8220;EBITDA&#8221;) is a non-GAAP financial measure used by Emera.&#160; EBITDA is used by numerous investors and lenders to better understand cash flows and credit quality.&#160;
</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">EBITDA is useful to assess Emera&#8217;s operating performance and indicates the Company&#8217;s
ability to service or incur debt, make capital expenditures and finance working capital requirements.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted EBITDA is a non-GAAP financial measure used by Emera.&#160; Similar to adjusted net income calculations described
above, this measure represents EBITDA absent the income effect of Emera&#8217;s mark-to-market adjustments, as previously discussed.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company&#8217;s EBITDA and Adjusted EBITDA may not be comparable to the EBITDA measures of other companies, but in
management&#8217;s view it appropriately reflects Emera&#8217;s specific financial condition.&#160; These measures are not intended to replace &#8220;Net income attributable to common shareholders&#8221; which, as determined in accordance with GAAP,
is an indicator of operating performance.&#160; EBITDA and Adjusted EBITDA are discussed further in the Consolidated Financial Review, Emera Florida and New Mexico, NSPI, Emera Maine, Emera Caribbean, Emera Energy, and Corporate and Other
sections.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">6</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_7"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=bottom width=88% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;EBITDA and Adjusted EBITDA Reconciliation</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
71</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
199</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
266</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
453</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 169</font></b></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 70</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 585</font></b></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 212</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 180</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
113</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 212</font></b></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 588</font></b></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 340</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 329</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
446</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
378</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,417</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,097</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,075</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Mark-to-market gain (loss), excluding income tax and interest</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(52)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
119</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(327)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 66</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
129</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:solid windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
498</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
259</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,744</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,031</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
946</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Net income (loss) is income before Non-controlling interest in subsidiaries and Preferred stock dividends.</font></p> </td> </tr> </table></div>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-top:10.0pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electric</font></b></font><font style="border:none;"><b>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Margin and Gas Margin</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;Electric margin&#8221; and &#8220;Gas margin&#8221; are non-GAAP financial measure used to show the amounts that Emera&#8217;s regulated utilities
retain to recover non-fuel and non-clause related costs.&#160; Prudently incurred fuel costs are recovered from customers, except at Domlec, where substantially all prudently incurred fuel costs are passed to customers through the fuel pass-through
mechanism.&#160; In addition, prudently incurred clause related costs and returns are recovered from customers.&#160; Management believes measuring electric and gas margin shows the portion of these utilities&#8217; revenues that directly contribute
to Emera&#8217;s income as distinguished from the portion of revenues that are managed through fuel adjustment and other clause mechanisms, which have a minimal impact on income.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy reports
&#8220;Non-regulated electric margin&#8221; because the sales price of electricity and the cost of natural gas used to generate it are highly correlated.&#160; However, their absolute values can vary materially over time.&#160; Emera Energy believes
that &#8220;Non-regulated electric margin&#8221;, as the net result, provides a meaningful measure of business performance in addition to the absolute values of sales and fuel expenses, which are also reported.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric margin and
gas margin, as calculated by Emera, may not be comparable to the electric margin measures of other companies, but in management&#8217;s view appropriately reflects Emera&#8217;s specific condition.&#160; This measure is not intended to replace
&#8220;Income from operations&#8221; which, as determined in accordance with GAAP, is an indicator of operating performance.&#160; Electric margin and </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Gas margin</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> are discussed further in the Emera Florida and New Mexico
&#8211; Electric and Gas Margin, the NSPI &#8211; Electric Margin, the Emera Caribbean &#8211; Electric Margin and the Emera Energy &#8211; Adjusted EBITDA sections.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:115%;">Significant Items Affecting
Earnings</font></b></font></h1>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font></b></font>
</p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Acquisition Related
Costs</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera incurred
after-tax costs related to its acquisition of TECO Energy (&#8220;the Acquisition&#8221;), including legal, banking and advisory, stipulation commitments, accelerated vesting of TECO Energy stock-based compensation, pre-closing financing, beneficial
conversion feature discount noted below and foreign exchange costs totaling a </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$13 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million benefit in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">($0.06 benefit per common share) and </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$166 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million expense for the year ended December 31, 2016 ($0.97 per common share). Emera incurred after-tax costs of $30 million in Q4 2015 ($0.21 per common share) related to
its then-pending acquisition of TECO Energy, including legal, advisory, and financing costs. For the year ended December 31, 2015, TECO Energy acquisition related costs were $53 million after-tax ($0.36 per common share). All acquisition costs have
been recognized in the Corporate and Other segment.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">7</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_8"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Included below in &#8220;After-Tax-Mark-to-Market-Losses&#8221;, are the foreign currency earnings effect related to the Convertible Debentures USD cash balance and the
associated forward contracts. These resulted in a mark-to-market after-tax loss of $114 million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">recorded in &#8220;Other income (expenses), net (a mark-to-market after-tax gain of $98 million in 2015). </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In Q3 2016
substantially all of Emera&#8217;s Convertible Debentures were converted to equity, and as a result, Emera recognized the difference between Emera&#8217;s closing share price on the issuance date of the Convertible Debentures and their exercise
price (the &#8220;Beneficial Conversion Feature discount&#8221;) resulting in a cost of $62 million ($43 million after-tax or $0.24 per common share).&#160; This cost is included in the acquisition expense noted above. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">After-Tax Mark-to-Market
Losses</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">After-tax mark-to-market </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">losses&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font></font><font
color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">139 </font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million
to a $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">34&nbsp;</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
&nbsp;</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million loss in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">($0.17 per common share) compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">105&nbsp;</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
&nbsp;</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million gain in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">($0.71 per common share)</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Year-to-date losses </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">315 </font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million
to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">248&nbsp;</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
&nbsp;</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">($1.45 per common share) compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">67&nbsp;</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
&nbsp;</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million gain for the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">($0.46 per common share).</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The increased mark-to-market losses in the quarter and in the
year ended December 31, 2016 relate to the effect of the Debenture Offering USD-denominated currency revaluation and forward contracts put in place to hedge the proceeds from the final instalment of the Debenture Offering.&#160; In addition, losses
have increased due to changes in existing positions on Asset Management Agreements (&#8220;AMA&#8221;) and long-term natural gas contracts at Emera Energy.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">At
inception of an AMA contract, the unrealized mark-to-market adjustment on the commodity portion of the contract is offset fully by the value of a corresponding gas transportation asset.&#160; Subsequent changes in gas prices result in unrealized
mark-to-market gains or losses recorded in earnings.&#160; The corresponding transportation assets are amortized evenly over the contract term.&#160; The difference between these items results in unrealized mark-to-market gains or losses in earnings
but ultimately the mark-to-market adjustments and transportation assets reduce to zero at the end of the contract term.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investment in APUC</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 8, 2016, Emera completed the sale of 12.9 million common shares of Algonquin Power and Utilities Corp (&#8220;APUC&#8221;),
representing approximately 4.7 per cent of APUC's issued and outstanding common shares for gross proceeds of $142 million.&#160; This sale resulted in a pre-tax loss of $12 million or $0.07 per common share (after-tax loss of $10 million or $0.06
per common share), which was recorded in &quot;Other income (expenses), net&quot; in Q4 2016. Emera no longer holds any interest in APUC.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 30, 2016, Emera exchanged 12.9
million APUC subscription receipts and dividend equivalents into 12.9 million APUC common shares.&#160; This conversion resulted in a pre-tax gain of $63 million or $0.42 per common share (after-tax gain of $53 million or $0.35 per common share),
which was recorded in &#8220;Other income (expenses), net&#8221; in Q2 2016.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 24, 2016, Emera completed the sale of 50.1 million common shares of APUC, representing approximately 19.3 per cent of APUC's issued and outstanding common shares
for gross proceeds of $544 million.&#160; This sale resulted in a pre-tax gain of $172 million or $1.15 per common share (after-tax gain of $146 million or $0.97 per common share), which was recorded in &quot;Other income (expenses), net&quot; in Q2
2016.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Gain on BLPC Self-Insurance Fund
Regulatory Liability</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC maintains a Self-Insurance Fund
(&#8220;SIF&#8221;) for the purpose of building an insurance fund to cover risk against damage and consequential loss to certain of BLPC&#8217;s generating, transmission and distribution systems.&#160; Third party risk advisors were engaged to
support a detailed risk analysis, which was </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">8</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_9"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">completed to quantify the prudent assessment of the risk to BLPC&#8217;s transmission and
distribution system from natural catastrophes.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In June 2016, BLPC secured support from the Government of Barbados and the Trustees of the SIF to reduce the contingency funding in the SIF to $29 million ($22 million
USD).&#160; As a result, Emera recorded a pre-tax gain of $53 million ($41 million USD) or $0.35 per common share and an after-tax gain of $43 million ($34 million USD) or $0.29 per common share in &#8220;Other income (expenses), net&#8221;.&#160;
In Q3 2016, Emera received a distribution of $65 million ($50 million USD) from the fund. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy Recognition of State Fuel Taxes</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy recorded a $20 million
pre-tax&nbsp;or $0.13 per common share</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">($12 million
after-tax&nbsp;or $0.08 per common share) liability for state&nbsp;tax on natural gas sales made from November 2013 through March 2016.&nbsp;This included $4 million pre-tax ($2 million after-tax) related to Q1 2016. The recognition of this
liability resulted in an increase to &#8220;Non-regulated fuel for generation and purchased power&#8221; in Q2 2016.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">After-Tax Mark-to-Market
Gains</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">After-tax
mark-to-market gains increased $32 million to $105 million in Q4 2015 compared to $73 million in Q4 2014; and decreased $20 million to $67 million for the year ended December 31, 2015 compared to $88 million in 2014. The increased mark-to-market
gains in the quarter were primarily due to the effect of USD-denominated currency and forward contracts related to the then-pending TECO Energy acquisition. The increase was partially offset by changes in gas and power contract positions and
amortization of transportation assets in Emera Energy. In addition, the reversal of 2013 mark-to-market losses in 2014 in Emera Energy was primarily responsible for the year-over-year decrease in after-tax mark-to-market gains.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Gain
on Dilution of APUC Equity Investment</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In December 2015, APUC closed a 14.355 million common share offering. As a result, Emera recorded a gain of $11 million (after-tax earnings of $9 million or $0.06 per
common share) in &#8220;Income from Equity Investments&#8221;. The gain was a result of APUC&#8217;s share issuance price being higher than Emera&#8217;s pre-issuance average book value.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Barbados Light &amp; Power Company
Limited (&#8220;BLPC&#8221;) Restructuring Costs</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC recorded
severance costs of $8 million ($6 million USD) relating to corporate restructuring, which was recorded in Operating, maintenance and general (&#8220;OM&amp;G&#8221;) in Q2 2015.&#160; The after-tax effect on Emera&#8217;s Consolidated Net Income in
Q2 2015, at Emera&#8217;s then 80.7 per cent ownership of ECI, was $5 million ($0.04 per common share).</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Sale of Northeast
Wind Partnership II, LLC (&#8220;NWP&#8221;) Equity Investment</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On January 29, 2015,
Emera completed the sale of its 49 per cent interest in NWP for $282 million ($223 million USD).&#160; This sale resulted in a pre-tax gain of $19 million or $0.13 per common share (after-tax gain of $12 million or $0.08 per common share), which was
recorded in &#8220;Other income (expenses), net&#8221; in Q1 2015.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">CONSOLIDATED FINANCIAL REVIEW</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Below is a table highlighting significant
changes between adjusted net income from 2015 to 2016.</font></font></p>
<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">9</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=59% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 nowrap valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 nowrap valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=59% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=bottom width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income &#8211; 2015</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
87</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida and New Mexico</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Caribbean</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Energy </font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(82)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPML and LIL AFUDC earnings</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Acquisition and financing costs related to the acquisition of TECO Energy </font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(113)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy post-acquisition financing costs </font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(44)&nbsp;
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(93)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain (loss) on sale of APUC common shares</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on conversion of APUC subscription receipts and dividend equivalents to common shares of APUC</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on BLPC SIF regulatory liability </font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Energy's recognition of fuel taxes for 2013 through March 2016</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015 gain on the sale of NWP</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income &#8211; 2016</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">10</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_11"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=bottom width=89% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Consolidated Financial Highlights</font></b></p> </td>
<td nowrap valign=bottom width=3% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=31% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td colspan=4 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=5 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,513</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
731</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,277</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,789</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,939</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
208</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
149</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
555</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
508</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
668</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
407</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
105</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(248)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common shareholders</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
319</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.34</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.31</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.72</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.84</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; diluted</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.34</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.30</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.32</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.71</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.82</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.51</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.59</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.77</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.26</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.23</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dividends per common share declared</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.9950</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.6625</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.4750</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
498</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
259</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,744</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,031</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
946</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=31% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=5 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating Unit Contributions to Adjusted Net Income</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida and New Mexico</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
63</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
125</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Caribbean</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Energy</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 98</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Corporate and Other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common shareholders</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
319</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
105</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(248)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
407</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=45% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=31% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating cash flow before changes in working capital</font></p> </td>
<td nowrap valign=bottom width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
919</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
776</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
716</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Change in working capital</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(102)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating cash flow</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,053</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
674</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
762</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investing cash flow</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(9,105)&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(124)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(711)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financing cash flow</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,448</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at </font></p> </td>
<td colspan=6 valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Working capital </font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
301</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
600</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
357</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29,221</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12,039</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,853</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total long-term liabilities </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18,681</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,338</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,024</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=bottom width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><sup><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)</font></sup><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> These financial statements contain certain
reclassifications of prior period amounts to be consistent with the current period presentation, with no effect on net income.</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">11</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_12"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:20.25pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">REVIEW OF 2016</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:15.75pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Emera Consolidated Statements of Income</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td colspan=4 valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,136</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
521</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,437</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,141</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,064</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated gas</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
282</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
499</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
95</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
341</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
596</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
826</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating revenues</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,513</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
731</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,277</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,789</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,939</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
412</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
200</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,222</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
815</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
844</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated cost of natural gas</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
177</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism and fixed cost deferrals</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 91</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
336</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
401</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated direct costs</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
391</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
173</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,137</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
666</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
561</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
195</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
212</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
588</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
340</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
329</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,305</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
582</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,722</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,281</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,271</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
208</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
149</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
555</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
508</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
668</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 66</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
115</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
174</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
141</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
169</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 70</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
585</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
212</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
180</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
65</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
220</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
244</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
545</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
566</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
113</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
71</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
199</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
266</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
453</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income of Emera Incorporated</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
255</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
427</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
433</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred stock dividends</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
407</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
105</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(248)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common shareholders</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
319</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.34</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.31</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.72</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.84</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; diluted</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.34</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.30</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.32</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.71</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.82</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.51</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.59</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.77</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.26</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.23</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera&#8217;s consolidated net income attributable to common shareholders </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">decreased&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">122 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">70 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in Q4
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">192 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million for the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, Emera&#8217;s consolidated net income attributable to common shareholders </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">170
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">227
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million compared to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">397 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015.&#160; &nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Q4
</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Consolidated Income Statement Highlights</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Operational Results&#160; </font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income from operations </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased $59 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$208 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4
2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">compared to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">149
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in the same quarter in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">primarily due to the contribution of Emera Florida and New Mexico and lower acquisition costs compared to Q4 2015. These increases were partially offset by unfavourable mark-to-market
changes of $60 million, decreased margin at the NEGG Facilities and Emera Energy&#8217;s decreased marketing and trading margin.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Details of
operating revenues and operating expenses line item variances are described below:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">12</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_13"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Total operating revenues </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">782
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">1,513
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Q4</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to
$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">731 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to:</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$881 million increase from Emera Florida and New Mexico;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$78 million decrease from changes in mark-to-market impacts;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$43 million decrease at the NEGG Facilities primarily due to lower hedged power prices.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Total operating expenses </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">723
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">1,305
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">582 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4
2015,</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to the addition of expenses from Emera Florida and New Mexico, partially offset by decreased TECO Energy acquisition costs compared to Q4 2015.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other income (expenses), net</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other income </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$110 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$5 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$115 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This was primarily due to mark-to-market gains on
USD-denominated currency and forward contracts </font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">put in place to economically hedge the anticipated proceeds from the Debenture
Offering for the pending TECO Energy acquisition in Q4 2015, and a $12 million pre-tax loss on the sale of APUC common shares in Q4 2016.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Interest expense, net</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Interest expense, net </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">99 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">169 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million compared to
$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">70 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015,&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to financing related to the TECO Energy acquisition and interest expense from
Emera Florida and New Mexico. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income tax expense (recovery)</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income tax expense decreased</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $27 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to a $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million recovery in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to a $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">21 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million expense for the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> primarily due to decreased income before provision for
income taxes. This was partially offset by the non-deductible portion of mark-to-market losses on USD-denominated currency and forward contracts related to the TECO Energy acquisition in Q4 2015.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">2016</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;"> Consolidated Income Statement and Operating Cash Flow Highlights</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Operational Results&#160; </font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income from operations </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased $47 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$555 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">compared to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">508
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">primarily due to the contribution from Emera Florida and New Mexico. This is partially offset by higher mark-to-market losses of $144 million, increased costs related to the
acquisition of TECO Energy, decreased margin at the NEGG Facilities, including recognizing a $20 million liability for state tax on natural gas sales made from November 2013 through March 2016, and Emera Energy&#8217;s decreased marketing and
trading margin.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Total operating revenues </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased $1,488 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">4,277&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million
for the year ended December 31,</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2,789 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to:</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$1,839 million increase from Emera Florida and New Mexico;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$167 million decrease from changes in mark-to-market impacts;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$84 million decrease at the New England Gas Generating Facilities primarily due to lower hedged power prices, partially offset by higher sales volumes as a result of fewer
planned outage hours at the Bridgeport Facility in 2016;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$61 million decrease at NSPI reflecting lower sales volumes due to
weather and decreased fuel related electricity pricing;</font></p> <DIV bclFooter>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">13</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$27 million decrease in Emera Energy Services reflecting less favourable market conditions year-over-year, partially offset by higher Q1 2016 margin resulting
from a stronger USD and growth in the volume of business.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Total operating expenses </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">1,441 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">3,722 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to
$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2,281 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">This was primarily due to the addition of expenses from Emera Florida and New Mexico and
increased acquisition costs related to the TECO Energy acquisition, partially offset by decreased regulated fuel for generation and purchased power reflecting changes in commodity prices and lower sales volumes at NSPI, and changes in mark-to-market
impacts in Emera Energy.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other income (expenses), net</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">33 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">174 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to
$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">141 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in the same period in</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 2015.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">This was primarily due to</font><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> a $160 million pre-tax gain on the sale of 63 million common shares of APUC, </font></font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">a $63 million pre-tax gain on
conversion of 12.9 million APUC subscription receipts and dividend equivalents, and a $53 million pre-tax gain on the
</font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">BLPC SIF regulatory liability.&#160; This was partially offset by mark-to-market losses relating to the TECO Energy
acquisition related USD-denominated currency and forward contracts and </font></font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">the 2015 gain on the sale of NWP.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Interest expense, net</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Interest
expense, net </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">373 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million year-to-date in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">585
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million compared to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">212 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015. This was
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">primarily due to the new financing related to the TECO Energy acquisition, interest and the Beneficial Conversion Feature on the Convertible Debentures, as well as interest
expense from Emera Florida and New Mexico.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income tax expense (recovery)</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income
tax expense </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased $115 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to a $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">22 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million recovery for the year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to a $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">93 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million expense in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily due to decreased income before provision for income
taxes, the non-taxable portion of gains on APUC transactions and deferred income taxes on regulated income recorded as regulatory assets and liabilities. This was partially offset by the non-deductible portion of mark-to-market losses on
USD-denominated currency and forward contracts related to the TECO Energy acquisition.</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash provided
by operating activities</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">provided by</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> operating activities in 2016 </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">379 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1,053 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$674 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million during the same period in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash from operations before changes in working capital increased by $143 million primarily due to the contribution from Emera Florida and New Mexico, partially offset by
acquisition and financing costs related to the TECO Energy acquisition, and decreased margin at the NEGG Facilities.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Changes in working capital increased
operating cash flows by $236 million primarily due to decreased fuel inventory and receivables as a result of lower sales at NSPI, favourable changes in cash collateral positions on derivative instruments at NSPI, the contribution from Emera Florida
and New Mexico, and the timing of income tax payments at NSPI and Emera Energy Services.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effect of Foreign Currency Translation</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera operates
globally, with an increasing amount of the Company&#8217;s adjusted net income earned outside of Canada. As such, Emera is exposed to movements in exchange rates between the Canadian dollar and particularly the US dollar, which could positively or
adversely affect results.&nbsp; Consistent with the Company&#8217;s risk management policies, it manages currency risks through matching US denominated debt to finance its US operations and uses short-term foreign currency derivative instruments to
hedge specific </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">14</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_15"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">transactions.&nbsp; Emera does not utilize derivative financial
instruments for foreign currency trading or speculative purposes.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Components of net income and adjusted net income are translated at the weighted average rate of exchange.&#160; </font></font><font
color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The table below includes Emera&#8217;s significant segments whose contribution to adjusted
earnings are recorded in US dollar currency. <br> &#160;&#160;&#160;&#160;&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&#160;&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended </font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars </font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida and New Mexico</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">47</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">131</font></b></p>
 </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Caribbean</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">77</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">31</font></p> </td>
<td height=13 style="border:none;height:9.75pt;">&nbsp;</td> </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Energy</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">26</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:9.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">104</font></p> </td>

<td height=13 style="border:none;height:9.75pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">67</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">40</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">269</font></b></p>
 </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">171</font></p> </td>

<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Corporate and Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(29)</font></b></p>
 </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(59)</font></b></p>
 </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total </font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">38</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">43</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">210</font></b></p>
 </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">179</font></p> </td>

<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average FX rate for period</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.32</font></b></p>
 </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.33</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.32</font></b></p>
 </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.27</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Includes Emera Energy&#8217;s US dollar adjusted net income from EES, NEGG and Bear Swamp. </font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 rowspan=2 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Corporate and Other includes interest expense on US dollar denominated debt, net of interest income on an intercompany US dollar loan to Emera
Energy.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">OUTLOOK</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The acquisition of TECO Energy has changed Emera&#8217;s business mix and enabled the Company to meet its strategic goal of having 75 to 85 per cent of its adjusted net
income derived from regulated operations.&#160; The TECO Energy acquisition adds diversity to Emera&#8217;s operations, meets Emera&#8217;s strategic objective of expanding Emera&#8217;s operations to include gas distribution services, and expands
Emera&#8217;s markets into higher growth regions.&#160; TECO Energy&#8217;s operations and opportunities align well with Emera&#8217;s strategy to invest in the transformation of electricity generation from higher to lower carbon intensity and
providing cleaner and affordable energy solutions for customers.&#160; The addition of these regulated businesses may result in a material increase in earnings and cash flow as compared to the expected financial results prior to the
acquisition.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s operations are affected by the
US dollar relative to the Canadian dollar. The effect on Emera&#8217;s net income is noteworthy, as it is expected that approximately 70 per cent of Emera&#8217;s future adjusted net income will be derived from subsidiaries with a US functional
currency.&nbsp; Emera&#8216;s consolidated net income and cash flows will be impacted in the future to a greater extent by movements in the US dollar relative to the Canadian dollar as a result of the TECO Energy acquisition.</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Emera
Florida and New Mexico</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Florida and New Mexico includes the following: </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy, the parent company of the companies discussed below.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TEC, which consists of two divisions: </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric, </font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">a vertically-integrated regulated
electric utility engaged in the generation, transmission and distribution of electricity serving customers in West Central Florida.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PGS, a </font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">regulated gas distribution utility engaged
in the purchase, distribution and sale of natural gas for residential, commercial, industrial and electric power generation customers in Florida.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">15</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_16"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC, &nbsp;</font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">a regulated gas distribution utility
engaged in the purchase, transmission, distribution and sale of natural gas for residential, commercial and industrial customers in New Mexico.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Finance, a financing subsidiary of TECO Energy.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric&#160;&#160;&#160; </font></i></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">With nearly $7.0 billion USD of assets and approximately </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">736,000&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> customers, at December 31, 2016, Tampa Electric owned 4,730 megawatts (&#8220;MW&#8221;) of
generating capacity, of which 60 per cent was natural gas-fired, 35 per cent was conventional coal-fired and 5 per cent coal and petroleum coke (&#8220;petcoke&#8221;) using integrated gasification combined cycle technology.&#160; Tampa Electric
owns 2,140 kilometres of transmission facilities and 18,370 kilometres of distribution facilities.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric is regulated by the FPSC under a cost-of-service model, with rates
established to recover prudently incurred costs of providing electricity service to customers and to provide an appropriate return consistent with investments of comparable risk to investors.&nbsp; Tampa Electric&#8217;s target regulated return on
equity (&#8220;ROE&#8221;) range is currently 9.25 per cent to 11.25 per cent, on an allowed equity capital structure of 54 per cent.&#160; Tampa Electric is also subject to regulation by the FERC in various respects, including wholesale power
sales, certain wholesale power purchases, transmission and ancillary services, and accounting practices.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric has a fuel-recovery clause, approved by the
FPSC,&nbsp;allowing&nbsp;recovery of actual fuel costs from customers through annual fuel rate adjustments.&#160; Differences between prudently incurred fuel costs for generation and purchased power and certain fuel-related costs (&#8220;Fuel
Costs&#8221;) and amounts recovered from customers through electricity rates are deferred to a fuel clause regulatory asset or liability and recovered from or returned to customers in a subsequent year.&#160; Tampa Electric has an environmental cost
recovery clause which allows the company to earn a return on investments in new facilities to comply with new environmental regulations and to recover the costs to operate and maintain these facilities.</font></font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Through its conservation cost recovery clause, Tampa
Electric also offers its customers a comprehensive array of residential and commercial programs that have enabled the company to meet its required demand side management goals, reduce weather-sensitive peak demand and conserve
energy.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-top:12.0pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Florida utilities must obtain
franchises to operate in certain municipalities.&#160; Tampa Electric has franchise agreements with 13 incorporated municipalities within its retail service area.&#160; These agreements have various expiration dates ranging from September 2017
through August 2043; all are expected to be renewed under similar terms and conditions.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Peoples Gas System</font></i></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">With more than $1.1 billion USD of assets and approximately </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">374,000&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> customers, the PGS system includes approximately 19,950 kilometres of natural gas mains and
11,265 kilometres of service lines. Gas mains are distribution lines that serve as a common source of supply for more than one service line. Annual natural gas throughput (the amount of gas delivered to its customers, including transportation-only
service) is 1.9 billion therms. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PGS is regulated by the FPSC under a cost-of-service model, with rates established to recover prudently incurred costs of providing gas distribution service to customers, and to provide an
appropriate return consistent with investments of comparable risk to investors.&#160; In December 2016, PGS entered into a settlement agreement with the Office of Public Counsel regarding its filed depreciation study. &#160;On February 7, 2017, the
FPSC approved the settlement agreement.&#160; The settlement agreement resulted in a $16 million USD annual reduction to PGS&#8217; depreciation expense beginning in 2016 and accelerated the amortization of PGS&#8217; regulatory asset associated
with the environmental liability for current and future remediation costs related to former Manufactured Gas Plant (&#8220;MGP&#8221;) sites.&#160; The settlement requires that at least $32 million USD of MGP amortization be expensed for the period
2016 through 2020 and of that at least $21 million USD to occur over 2016 and 2017. In 2016, PGS recorded $16 million USD of MGP amortization acceleration and as a result offset the $16 million USD reduction in 2016 depreciation expense.&#160;
Absent any rate case filing, through 2020, the bottom of the allowed ROE range for PGS will be decreased 50 basis points to 9.25 per cent and the top of the range will remain unchanged at 11.75 per cent.&#160; The ROE of 10.75 per cent will continue
to be used for the calculation of the return on investments for clauses.&#160; No change in customer rates resulted from this settlement agreement.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">New Mexico Gas Company, Inc.</font></i></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">With over $0.8 billion USD of assets and approximately </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">522,000&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> customers, NMGC serves about 60 per cent of the state&#8217;s population in 23 of New
Mexico&#8217;s 33 counties.&#160; NMGC&#8217;s system includes approximately 2,600 kilometres of transmission lines and 16,400 kilometres of mains.&#160; Annual natural gas throughput is approximately 775 million therms.&#160; NMGC&#8217;s largest
concentration of customers (approximately 360,000) is in the region known as the Central Rio Grande Corridor, which includes the communities of Albuquerque, Belen, Rio Rancho and Santa Fe. </font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC is regulated by the NMPRC under a cost-of-service model, with rates established to recover prudently incurred costs of providing
gas distribution service to customers, and to provide an appropriate return consistent with investments of comparable risk to investors.&#160; NMGC&#8217;s rates were established in a 2012 rate case settlement and are frozen until December 31, 2017
per the June 2016 NMPRC order ( the &#8220;Order&#8221;) approving Emera&#8217;s acquisition of TECO Energy.&#160;&#160; Under the Order, NMGC will also provide customer credits of $4 million USD annually through June 30, 2018. </font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Florida and New Mexico Outlook</font></i></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Florida and New Mexico earnings are most directly impacted by the earned rate of return on equity and the capital structures approved by the FPSC and NMPRC, the prudent management of
operating costs, the approved recovery of regulatory deferrals, and the timing and amount of capital expenditures.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Florida utilities anticipate earning within their allowed ROE ranges in 2017
and expect rate base and earnings to be higher than prior years. Tampa Electric and PGS expect</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> slightly higher
customer growth rates in 2017 than those experienced in 2016, reflective of economic growth in Florida.&#160; Assuming normal weather, sales are expected to increase consistent with customer growth.&#160; In accordance with the 2013 settlement
agreement approved by the FPSC, Tampa Electric increased base rates by $110 million USD on</font></font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> January 16, 2017,
</font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">the commercial operation date of the Polk Power Station expansion project</font></font><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">. This expansion project adds an additional 460 MW of generating capacity and invests in the related transmission system improvements
needed to support the additional generation.</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC expects earnings to be consistent with prior years. &#160;Customer growth rates are expected to be slightly higher in 2017 than
in 2016, reflecting expectations for housing starts and new connections.&#160; Assuming normal weather, sales growth is expected to be consistent with customer growth and costs will increase slightly.&#160; </font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 2017, Emera Florida and New Mexico expects to invest approximately $645 million USD in capital projects compared to $795 million USD in 2016. The 2016 capital expenditures included
approximately $135 million USD for the Polk Power Station conversion project and $35 million USD for the Florida utilities' new customer relationship management and billing system, both of which went into service in </font>
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<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">January 2017.&#160; The 2017 capital expenditures include projects to support normal system reliability and growth at Tampa Electric, PGS and
NMGC.&nbsp; Tampa Electric includes programs for transmission and distribution system storm hardening, distribution system modernization and automated metering equipment, transmission system reliability requirements and investments in utility scale
solar photo voltaic projects.&nbsp;&nbsp;PGS will make investments to expand the system and support customer growth, including high sales volume compressed natural gas fueling stations, and continue with replacement of cast iron and bare steel pipe.
NMGC will undertake a project relocating a portion of the gas pipeline feeding Taos, New Mexico and will invest in a new customer relationship management and billing system. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">NSPI</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI is a fully-integrated regulated electric utility and is the primary electricity supplier in Nova Scotia, Canada. NSPI has $4.8
billion of assets and provides electricity generation, transmission and distribution services to approximately </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;511,000 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">customers. &#160;The Company owns 2,487 MW of generating capacity, of which approximately 43 per cent is coal-fired; 29 per cent is natural gas and/or oil; 19 per cent is hydro and wind; 7
per cent is petcoke and 2 per cent is biomass-fueled generation. In addition, NSPI has contracts to purchase renewable energy from independent power producers (&#8220;IPP&#8221;). These IPPs own 530 MW of capacity.&#160; This is expected to increase
to 547 MW of capacity in 2017.&#160; IPP generation includes wind, tidal, biogas and biomass-fueled generation.&#160; NSPI owns approximately 5,000 kilometres of transmission facilities and 27,000 kilometres of distribution
facilities.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI is a public utility as defined in the Public Utilities Act (Nova Scotia)
(&#8220;Act&#8221;) and is subject to regulation under the Act by the UARB. The Act gives the UARB supervisory powers over NSPI&#8217;s operations and expenditures. Electricity rates for NSPI&#8217;s customers are subject to UARB approval.&#160;
NSPI is not subject to a general annual rate review process, but rather participates in hearings from time to time at its or the UARB&#8217;s request.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI is regulated under a cost-of-service model, with rates set to recover prudently incurred costs of providing electricity service to customers, and provide an appropriate return to
investors.&#160; NSPI&#8217;s approved regulated ROE range is 8.75 per cent to 9.25 per cent, based on an actual five-quarter average regulated common equity component of up to 40 per cent.&#160;&#160; </font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI has a Fuel Adjustment Mechanism (&#8220;FAM&#8221;), approved by the UARB,&nbsp;allowing&nbsp;NSPI to recover fluctuating fuel
costs from customers through annual fuel rate adjustments. Differences between Fuel Costs and amounts recovered from customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to
customers in a subsequent year.&#160; </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In December 2015, the UARB approved NSPI&#8217;s 2016 fuel rates and its recovery
of prior period unrecovered Fuel Costs. The approved customer rates reset the base cost of fuel rates for 2016. In addition, they approved a $12 million recovery of prior years&#8217; unrecovered Fuel Costs in 2016. This resulted in a combined
average rate decrease for customers of approximately 1 per cent in 2016. The rates and recovery of these costs began on January 1, 2016. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 18, 2015, the Province enacted the Electricity Plan Implementation (2015) Act, (&#8220;Electricity Plan Act&#8221;), which required NSPI to file a three-year stability plan for
Fuel Costs and a General Rate Application (&#8220;GRA&#8221;) for non-fuel costs if required by April 30, 2016. On March 7, 2016, NSPI announced that it would not file a GRA related to non-fuel electricity rates for the 2017 to 2019 period and NSPI
filed the stability plan for Fuel Costs with the UARB for 2017 through 2019. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July 19, 2016, the UARB approved a Consensus Agreement between NSPI and customer
representatives related to the Rate Stability Plan for Fuel Costs for 2017 through 2019. Subsequently, certain customer representatives requested changes resulting in amended rates that were approved by the UARB on November 15, 2016 and results in
an average annual rate increase of 1.5 per cent for each of these three years. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <DIV bclFooter>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 12, 2016, the UARB approved the refund of over-recovered Fuel Costs in 2016 to customers. </font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The over-recovered Fuel Costs balance at the end of 2016 will be refunded to customers through a one-time credit on their bills prior to April 30, 2017 and will be based on individual
electricity usage in 2016.&#160; The balance to be refunded to customers is approximately $36 million.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Although the market in Nova Scotia is otherwise mature, the transformation of
energy supply to lower emission sources has driven organic growth within NSPI as new investments have been made in renewable generation and system reliability projects.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Over the past several years, the requirement to reduce Nova Scotia&#8217;s reliance upon high carbon and greenhouse gas emitting sources of energy has resulted in NSPI making a significant
investment in renewable energy sources and purchasing third party renewable energy.&#160; </font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In December 2015, the
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electricity Plan Act</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> was enacted by the Province of Nova Scotia with a goal of providing rate
stability and predictability for customers for the 2017 through 2019 period.&nbsp; In accordance with the </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electricity Plan Act,</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> NSPI filed a three-year stability plan for Fuel Costs in Q1 2016 with the UARB. NSPI also announced that it would not file a GRA for non-fuel costs for the 2017 through 2019 period. This
was a result of NSPI continuing to work towards rate stability for customers through a focused effort on operating costs, productivity levels and service improvements.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 2015, </font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI filed an application with the UARB for
the approval of a market framework to enable independent renewable energy producers licensed by the UARB to sell directly to retail customers.&nbsp;The UARB issued a decision in 2016 approving the Company&#8217;s proposed framework. Potential
retailers must apply to the UARB for approval of a license to sell low-impact renewable electricity generated in Nova Scotia.</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Licensed retailers who enter this retail market
must pay tariffs to use NSPI&#8217;s systems for delivering their renewable energy, to ensure the supply of electricity to their customers and to ensure NSPI customers do not bear the cost of this new market.</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI is subject to environmental regulations as set by both the Province of Nova Scotia and the Government of Canada. The Company
continues to work with officials at both of these levels of government to comply with these regulations in an integrated way, maximizing efficiency of emission control measures.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In November 2014, the Government of Canada and the Province of Nova Scotia entered into a Greenhouse gas (&#8220;GHG&#8221;) emission regulations equivalency agreement, which allows NSPI to
achieve compliance with federal GHG emissions regulations by meeting provincial legislative and regulatory requirements as they are deemed to be equivalent. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In March 2016, Canada&#8217;s First Ministers issued the &#8220;Vancouver Declaration&#8221; on clean growth and climate change. First
Ministers agreed to develop a Pan-Canadian Framework and implement it by early 2017. Four working groups, comprised of federal, provincial and territorial officials were established to provide recommendations and research to the Federal
government.&#160; NSPI provided input into this process through the Nova Scotia government, the Government of Canada and directly to the working groups through the submission of a discussion paper.&#160; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In October
2016, the Government of Canada announced that the pan-Canadian framework would include a national price on carbon component, implemented by 2018 through either a carbon tax or a cap and trade system, applicable in each province except those which
enact their own comparable carbon pricing mechanism by that time. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On November 21, 2016, the Government of Canada announced a second component of the
plan would include an accelerated plan to phase out coal in Canada, to transition Canada's electricity system towards 90 per cent non-emitting generation sources by 2030.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On the
same day the Province of Nova Scotia and the Government of Canada made two announcements regarding Nova Scotia&#8217;s participation in the Pan-Canadian plan:</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">19</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_20"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Carbon pricing component </font></b></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">An agreement in principle covering the carbon component had been reached and will be governed on following principles: </font></font></p>
<p style="margin-bottom:0in;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-indent:-35.45pt;"><font face=Symbol style="border:none windowtext 1.0pt;padding:0in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></font><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nova Scotia will adopt a province-wide 2030 emissions reduction target equal or greater than Canada&#8217;s target of a 30 per cent
reduction from 2005 levels by 2030;</font></font></p> <p style="margin-bottom:0in;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-indent:-35.45pt;"><font face=Symbol style="border:none windowtext 1.0pt;padding:0in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nova Scotia will implement an agreed upon cap and trade system; and</font></font></p>
<p style="margin-bottom:0in;margin-left:35.45pt;margin-right:0in;margin-top:0in;text-indent:-35.45pt;"><font face=Symbol style="border:none windowtext 1.0pt;padding:0in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</font></font><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Province of Nova Scotia and the Government of Canada will agree upon a methodology and scenarios for the modeling of projected
greenhouse gas emissions to support the development of Nova Scotia&#8217;s cap and trade system. </font></font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Accelerated phase out of coal component</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nova Scotia and the Government of Canada will establish a new equivalency agreement that will enable the province to move directly
from fossil fuels to clean energy sources and enable NSPI&#8217;s coal-fired plants to operate at some capacity beyond 2030. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 9, 2016 the Government of Canada and eight provinces (including Nova
Scotia) signed the Pan Canadian Framework on Clean Growth and Climate Change. The Government of Canada has committed to ensuring that the provinces and territories have the flexibility to design their own policies and programs to meet
emission-reduction targets, supported by federal investments in infrastructure, specific emission-reduction opportunities and clean technologies. Details under the agreements are expected to be finalized by the end of 2017.&#160; NSPI anticipates
that any costs prudently incurred to achieve the legislated reductions would be recoverable from customers under NSPI&#8217;s regulatory framework. NSPI will continue to work with both the Province of Nova Scotia and the Government of Canada as the
details of the agreements are finalized and to advance solutions that are in the best interest of customers. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Government of Canada has indicated their intention to resume discussions
regarding Base Level Industrial Emission Requirements (&#8221;BLIER&#8221;s) for sulphur dioxide and nitrogen dioxide and have outlined their intention to develop a Clean Energy Standard for natural gas and possibly diesel. The details of both
processes are not yet known. NSPI will participate in these processes.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">NSPI&#8217;s earnings are most directly impacted by the range of ROE and capital
structure approved by the UARB; the prudent management and approved recovery of operating costs, demand and generation load, weather, the approved recovery of regulatory deferrals and the timing and amount of capital expenditures.&#160;
</font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI anticipates earning within its allowed ROE range in 2017 and expects its earnings and rate base to generally
be consistent with prior years. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In 2017, NSPI expects to invest approximately $398 million, including AFUDC, in
capital projects compared to $309 million in 2015. &#160;This increase</font></font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is </font><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">primarily driven by increased spending on information technology projects and Maritime Link related Transmission projects.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Emera Maine</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine is a transmission and
distribution (&#8220;T&amp;D&#8221;) electric utility with assets of approximately $1.1 billion serving approximately</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; 157,000 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">customers in the State of Maine in the United States. Effective January 1, 2014, Bangor Hydro Electric Company (&#8220;Bangor Hydro&#8221;) and Maine Public Service
Company (&#8220;MPS&#8221;) merged, becoming Emera Maine.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electricity generation is deregulated in Maine, and several suppliers compete to provide customers with the energy delivered through Emera Maine&#8217;s T&amp;D
networks.&#160; Emera Maine owns and operates approximately 1,800 kilometres of transmission facilities and 15,000 kilometres of distribution facilities. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Approximately 52 per cent of Emera
Maine&#8217;s electric revenue represents distribution operations, 35 per cent is associated with local transmission operations and 13 per cent relates to stranded cost recoveries.&#160; The rates for each element are established in distinct
regulatory proceedings.</font></font></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">20</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_21"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s earnings are most directly impacted by the combined impacts of the range of rates of ROE and rate base approved by its regulators, the prudent
management and approved recovery of operating costs, load (including the effects of weather), and the timing and amount of capital expenditures.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><u><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Distribution
Operations</font></u></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s distribution businesses operate under a traditional cost-of-service regulatory structure, and distribution rates are set by
the MPUC. Prior to December 21, 2016 the ROE upon which rates are set was 9.55 per cent with a common equity component of 49 per cent. </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;On December 21, 2016, Emera Maine&#8217;s distribution rates increased 3.75 per cent which was based on a 9 per cent ROE and a common equity component of
49 per cent.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><u><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Transmission Operations</font></u></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">There are two
transmission districts in Emera Maine, corresponding to the service territories of the two pre-merger entities.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Bangor Hydro
District</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Local transmission rates for Bangor Hydro
District (the franchise electric service territory associated with the former Bangor Hydro Electric Company in portions of the Maine counties of Penobscot, Hancock, Washington, Waldo, Piscataquis, and Aroostook) are regulated by the FERC and set
annually on June 1, based on a formula utilizing prior year actual transmission investments, adjusted for current year forecasted transmission investments.&#160; The common equity component is based upon the prior calendar year actual average
balances. On October 16, 2014, FERC issued an order in response to a challenge the ISO-New England (&#8220;ISO-NE&#8221;) Open Access Transmission Tariff base ROE compliant reducing the ROE from 11.14 per cent to 10.57 per cent for the period of
October 1, 2011 to December 31, 2012 and set 10.57 per cent as the ROE rate effective October 16, 2014.&#160; The October 16, 2014 FERC order is currently under appeal in the</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;"> &nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">DC Circuit Court</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and there are three additional pending complaints filed with the FERC to challenge the ISO-New England (&#8220;ISO-NE&#8221;) Open Access
Transmission Tariff allowed base ROE. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective June 1, 2016, the average retail transmission rates for the Bangor Hydro District increased by approximately 2 per cent in connection with its annual
transmission formula rate filing (2015 &#8211; increased by 21 per cent).&#160; </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The increase is associated primarily with
the recovery of increased transmission plant in service and as a result the prior year tariff rate including a rate refund related to the aforementioned FERC ROE decision.</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;"> &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Bangor Hydro District&#8217;s bulk transmission assets are managed by ISO-NE as part of a region-wide pool of assets.&#160; ISO-NE manages the region&#8217;s bulk
power generation and transmission systems and administers the open access transmission tariff.&#160; Currently, the Bangor Hydro District along with all other participating transmission providers, recovers the full cost of service for its
transmission assets from the customers of participating transmission providers in New England, based on a regional FERC approved formula that is updated June 1 each year.&#160; This formula is based on prior year regionally funded transmission
investments, adjusted for current year forecasted investments. The participating transmission providers are also required to contribute to the cost of service of such transmission assets on a ratable basis according to the proportion of the total
New England load that their customers represent.&#160; The common equity component is based upon the prior calendar year average balances.&#160; On October 16, 2014, FERC issued an order in response to a challenge the ISO-NE Open Access Transmission
Tariff reducing Bangor Hydro District&#8217;s ROE for these transmission investments which ranged from 11.64 per cent up to 12.64 per cent to 11.07 per cent up to 11.74 per cent.&#160; There are currently three pending aforementioned complaints
filed with FERC.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 1, 2016, Bangor District&#8217;s
regionally recoverable transmission investments and expenses increased by 9 per cent (2015 &#8211; decreased by 6 per cent).</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">21</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, the Company had accrued $5 million pre-tax ($4 million USD) associated with the first two pending FERC ROE complaints (2015 &#8211; $7 million or
$5 million USD). No reserve has been recorded for the third pending complaint as the outcome is considered uncertain. Refunds for the first FERC ROE complaint that FERC issued a ruling upon on October 16, 2014,</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">were made to customers over a one-year period which began with the
June 1, 2015 rate change and ended May 31, 2016 resulting in the reduction to the accrued reserve. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">MPS District</font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Local transmission rates for MPS District&#8217;s (the franchise electric service territory associated with the former
Maine Public Service Company in the Maine counties of Aroostook and a portion of Penobscot) are regulated by the FERC and are set annually on June 1 for wholesale and July 1 for retail customers, based on a formula utilizing prior year actual
transmission investments and expenses, </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">adjusted for current year forecasted investments</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The current ROE for transmission operations is 10.2 per cent. The common equity component is based upon the prior calendar year actual average </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">balances.&nbsp; &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective June 1, 2016 the transmission rates for the MPS District increased by approximately 43 per cent for wholesale customers (2015 &#8211; decreased by 1 per cent)
and on July 1, 2016 increased by 36 per cent for retail customers (2015 &#8211; decreased by 22 per cent) in connection with its annual transmission formula rate filing.&#160; Transmission rates in the MPS District for retail and wholesale customers
can vary from year to year due to changes in the amount of export sales revenue received, the amount of transmission plant in service, the amount of operating cost to maintain the transmission system, and the approved ROE.&#160; The increase in the
retail and wholesale transmission rates in 2016 is due to the increased investment of plant in service required to replace aging infrastructure.&#160; On April 1, 2015, as amended May 1, 2015, Emera Maine filed a revised Maine Public District (MPD)
Open Access Transmission Tariff formula which was challenged by the Maine Customer Group and is currently subject to settlement discussions.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The MPS District
electric service territory is not connected to the New England bulk power system and it is not a member of ISO-NE.&nbsp; As a result, MPS District is not a party to the previously discussed ROE complaints at the FERC.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><u><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Stranded Cost
Recoveries</font></u></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Stranded cost recoveries in Maine are set by the MPUC.&#160; Electric utilities are permitted to recover all prudently incurred stranded costs resulting from
the restructuring of the industry in 2000 that could not be mitigated or that arose as a result of rate and accounting orders issued by the MPUC.&#160; Unlike transmission and distribution operational assets, which are generally sustained with new
investment, the net stranded cost regulatory asset pool diminishes over time as elements are amortized through charges to income and recovered through rates.&#160; Generally, regulatory rates to recover stranded costs are set every three years,
determined under a traditional cost-of-service approach and are fully recoverable.&#160; Each year on July 1, stranded cost rates are adjusted to reflect recovery of cost deferrals for the prior stranded costs rate year under the full recovery
mechanism, as well as factor in any new stranded cost information.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Stranded cost recovery rates for Bangor Hydro District are set on a 5.9 per cent ROE, with a common equity component of 48 per cent. For MPS District, rates
are set on a 6.75 per cent ROE with a common equity component of 48 per cent. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s 2017 rate base is expected to grow modestly due to ongoing investment in transmission and distribution infrastructure resulting in modest growth in
earnings.</font><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine expects to spend approximately
$70 million USD (2016 &#8211; $69 million USD actual) in capital projects in 2017.</font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Emera Caribbean </font></b></p>
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<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Caribbean includes the following consolidated and non-consolidated investments:</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Consolidated Investments</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">100.0 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent (December 31, 2015 &#8211; 95.5 per cent) investment in ECI and its wholly owned subsidiary
BLPC, a vertically integrated utility that is the provider of electricity in Barbados.&#160; BLPC serves</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; 126,000 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">customers and is regulated by the Fair Trading Commission, Barbados.&#160; BLPC owns 239 MW of oil-fired generation, 150 kilometres of transmission facilities and 2,800 kilometres of
distribution facilities.&#160; BLPC&#8217;s approved regulated return on rate base for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">is 10.0 per cent.&#160; A fuel pass-through mechanism provides the opportunity to recover all fuel costs in a timely manner.&#160; On February 24, 2016, Emera completed the
purchase of the remaining 4.5 per cent of common shares from minority shareholders of ECI.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">50.0 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent direct and
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">30.4 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent indirect interest (through a 60.7 per cent interest in ICD Utilities Limited
(&#8220;ICDU&#8221;)) in GBPC, which is a vertically integrated utility and a sole provider of electricity on Grand Bahama Island.&#160; GBPC serves</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 19,000 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">customers and is regulated by the GBPA.&#160; GBPC owns 98 MW of oil-fired generation, 138 kilometres of transmission facilities and 860 kilometres of distribution facilities.&#160;
Effective February 1, 2016, the GBPA approved GBPC&#8217;s regulated return on rate base of 8.8 per cent applicable for the 2016 through 2018 period.&#160; A fuel pass-through mechanism provides the opportunity to recover all fuel costs in a timely
manner.&#160; In December 2016, the GBPA approved the all-in rates for electricity (fuel and base rates) for the 2017 to 2021 periods to be held consistent with the 2016 rates. The approval includes the recovery of Hurricane Matthew related costs
(as discussed below).</font></p> <p style="margin-bottom:0in;margin-left:35.7pt;margin-right:0in;margin-top:0in;text-indent:-.5in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">51.9 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per
cent (December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &#8211; 49.6 per cent indirect controlling interest), through
ECI, in Domlec, an integrated utility on the island of Dominica.&#160; Domlec serves</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 36,000
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">customers and is regulated by the IRC.&#160; Domlec owns 20 MW of oil-fired generation, 7 MW of hydro production, 497 kilometres of transmission facilities and 716 kilometres of
distribution facilities.&#160; Domlec&#8217;s approved allowable regulated return on rate base for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is 15.0 per cent. A fuel pass-through mechanism provides the opportunity to recover substantially all fuel costs in a timely manner.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Equity Investment</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">19.1 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent (December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &#8211; 18.2 per cent indirect interest), through ECI, in Lucelec, a vertically integrated
regulated electric utility on the island of St. Lucia. Lucelec is regulated by the National Utility Regulatory Commission (NURC) which was established in 2016 to regulate utility services in St Lucia. Lucelec was previously regulated by the
Government of St Lucia. The investment in Lucelec is accounted for on the equity basis.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">On December 7, 2016, Emera sold its 50.0
per cent direct and 30.4 per cent indirect interest in GBPC to ECI. The transaction simplifies the Emera Caribbean reporting structure and allows the Caribbean to be managed from a single entity. It also allows for greater cooperation between the
Caribbean utilities, including further sharing of skills and increased efficiencies that can result in benefits to customers. </font></font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Earnings from Emera Caribbean are most directly impacted by
the rates of return on rate base approved by their regulators, capital structure, prudent management, approved recovery of operating costs, load, and the timing and scale of capital expenditures.&#160; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Barbados economy is predominantly driven by tourism and is forecasted to grow modestly in 2017.&#160; However, the April 2016 credit downgrades by Moody's (and more recently S&amp;P in September 2016) of the long-term foreign and local currency
sovereign ratings of Barbados, highlights the lack of market confidence that economic recovery will be sustained.&#160; The economy of Grand Bahama is generally correlated to the United States economy.&#160; On December 20, 2016, S&amp;P lowered its
foreign and local </font>
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<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">currency sovereign credit ratings on The Commonwealth of The Bahamas.&#160; This downgrade was driven by weak economic growth and spending
pressure in The Bahamas as a result Hurricane Matthew.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In October 2016, the island of Grand Bahama took a direct hit from Hurricane Matthew.&#160; Property damage on the island was extensive.&#160; GBPC&#8217;s generation and substation
infrastructure weathered the storm well, however over 2,100 transmission and distribution poles and related conduit were damaged or destroyed, as were many connections to customer homes.&#160; Restoration efforts have been completed with the support
of other Emera affiliates.&#160; Post hurricane load is down approximately 10 per cent as compared to normal expectations; however, management anticipates that demand will recover to pre-storm levels by 2018.&#160;&#160; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera
Caribbean has recorded $28 million USD of restoration costs associated with Hurricane Matthew with no impact to net income. $21 million USD has been recorded as a regulated asset amortized over five years and $7 million USD recorded as property,
plant and equipment depreciating at an average 27 years.&nbsp; Both assets are included in rate base.&nbsp; In December 2016, the GBPA has approved the full recovery of the storm restoration costs in this manner. </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In
addition, the GBPA approved that over a 5 year period, 2017 to 2021, the all-in rate for electricity (fuel and base rates) will be held at 2016 levels.&nbsp; This is achievable as the company&#8217;s fuel costs over this period are forecasted to
decrease. &#160;Fuel costs are managed through a fuel hedging program which allows predictability of these costs. &#160;Any over recovery of fuel costs during this period will be applied to the Hurricane Matthew regulatory deferral, until such time
as the deferral is recovered.&#160; Should GBPC recover funds in excess of the Hurricane Matthew regulatory deferral, the excess will be placed in a new storm reserve.&#160; If the Hurricane Matthew deferral is not fully recovered at the end of 5
years GBPC will have the opportunity to request recovery from customers in future rates. &nbsp; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">With oil being the predominant fuel source for generation of electricity in the Caribbean, and with fuel costs directly passed through
electricity rates to customers, any change in global fuel prices and resulting change in fuel costs will result in a similar change in customer rates and reported revenues.&nbsp; GBPC has implemented fuel hedging strategies to provide increased
certainty to customers as to fuel costs and electricity rates.&nbsp; In support of reducing carbon emissions and exposure to carbon based fuel sources, BLPC recently commissioned a 10 megawatt solar facility in Barbados, which became operational in
Q2 2016.&#160; Additional renewable energy generation investments are being explored.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Overall, Emera Caribbean 2017 earnings are expected to be slightly less than prior years, excluding the impact of the Q2 2016 gain
recognized on the SIF regulatory liability. This is a result of expected short term load decline in GBPC from Hurricane Matthew and higher interest charges in ECI on new debt issued in Q4 2016. </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Caribbean plans to invest approximately $109 million USD in capital programs in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2017 (2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">- $49 million USD actual).&#160; This increase is due to spending on renewable, advanced
metering infrastructure and street lighting projects.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Emera Energy</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy includes the following: </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy Services (&#8220;EES&#8221;), a wholly owned physical energy marketing and trading business.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy Generation (&#8220;EEG&#8221;), a wholly owned portfolio of electricity
generation facilities in New England and the Maritime provinces of Canada with 1,435 megawatts (&#8220;MW&#8221;) of total capacity.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.5in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Equity investment in a 50.0 per cent joint venture ownership of Bear Swamp, a 600 MW pumped storage hydroelectric facility in northwestern Massachusetts.&#160; The investment in
Bear Swamp is accounted for on an equity basis.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">24</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_25"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy Services</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Emera
Energy Services, Emera Energy&#8217;s marketing and trading business is generally dependent on market conditions.&#160; In particular, volatility in electricity and natural gas markets, which can be influenced by weather, local supply constraints
and other supply and demand factors, can provide higher levels of margin opportunity. The business is seasonal, with Q1 and Q4 generally providing the greatest opportunity for earnings. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Planned investment by the industry in gas transportation
infrastructure within the northeast United States over the next few years could reduce the degree of volatility recently experienced in the market, all other things being equal.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition to capitalizing on volatility-driven market
opportunities, Emera Energy Services expects to continue to grow organically by building market share through strong customer service, optimizing Emera Energy&#8217;s portfolio to build on power margin, and expanding its geographic reach to adjacent
markets, including the Mid-Atlantic region.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">The business is generally expected to deliver net earnings of $15 to $30 million USD, with the opportunity for upside when market conditions present.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera
Energy Generation</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Earnings from Emera Energy Generation&#8217;s assets are largely dependent on market conditions, in particular, the relative pricing of electricity and natural gas, and capacity pricing for
the NEGG Facilities.&#160; Efficient operations of the fleet to ensure unit availability, cost management and effective commercial performance are key success factors.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Adjusted earnings from Emera Energy&#8217;s generating assets
in 2017 are expected to be higher than 2016, reflecting higher capacity prices (see table below) that come into effect mid-year 2017. Emera Energy expects this increase to be partially offset by lower market spark spreads and reduced hedging
opportunities year-over-year. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Equity Investments</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Bear Swamp&#8217;s adjusted earnings are expected to be higher in 2017 mainly due to higher capacity revenues and fewer planned maintenance
outages as compared to 2016. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Capacity Payment</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition to energy margins and ancillary revenue, the NEGG Facilities and Bear Swamp earn revenue from capacity payments through the
forward capacity market (&#8220;FCM&#8221;), the annual reconfiguration capacity market and the monthly reconfiguration capacity market. Prices for the FCM, the largest of the components, are determined through an auction process held annually,
three years in advance, thus providing revenue visibility to 2021, presuming the facilities continue to be available to support their capacity obligations.&#160; Details of pricing and estimated revenues are outlined in the table below for the NEGG
Facilities, and Emera Energy&#8217;s 50.0 per cent interest in Bear Swamp.&#160;&#160;&#160;&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<div align=left>
<table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
<tr style="page-break-inside:avoid;">
<td valign=top width=35% style="border:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">Forward Capacity Auction (&#8220;FCA&#8221;) Year</font></p> </td>
<td valign=top width=35% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">Clearing Price in $/kW-month (in USD)</font></p> </td>
<td valign=top width=30% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">Approximate Estimated Annual Capacity Revenue (in USD) (1)</font></p> </td> </tr>
<tr style="page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">FCA7 (June 2016 to May 2017)</font></p> </td>
<td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$3.15</font></p> </td>
<td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$40 million</font></p> </td> </tr>
<tr style="page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">FCA8 (June 2017 to May 2018)</font></p> </td>
<td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$7.025</font></p> </td>
<td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$100 million</font></p> </td> </tr>
<tr style="page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">FCA9 (June 2018 to May 2019)</font></p> </td>
<td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$9.55 and $11.08 (1)</font></p> </td>
<td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$145 million</font></p> </td> </tr>
<tr style="page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">FCA 10 (June 2019 to May 2020)</font></p> </td>
<td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$7.03</font></p> </td>
<td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$106 million</font></p> </td> </tr>
<tr style="page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid windowtext 1.0pt;border-left:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">FCA 11 (June 2020 to May 2021)</font></p> </td>
<td valign=top width=35% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$5.297</font></p> </td>
<td valign=top width=30% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in 5.4pt;">
<p align=center style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">$80 million</font></p> </td> </tr> </table></div>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">(1)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">$11.08 was awarded for the Southeast Massachusetts/Rhode Island zone only and, as such, applies only to Tiverton.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">25</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_26"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">In </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">2017, </font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Emera Energy expects to invest approximately $46 million </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">(2016 </font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&#8211; $39 million actual) in capital projects related to its generating assets in order to further
improve reliability and increase plant capacity.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&#160;&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Corporate and Other</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Corporate</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Corporate
encompasses certain corporate-wide functions including executive management, strategic planning, treasury services, legal, financial reporting, tax planning, corporate business development, corporate governance, internal audit, investor relations,
risk management, insurance, acquisition related costs and corporate human resource activities.&#160; It also includes interest revenue on intercompany financings recorded in &#8220;Intercompany revenue&#8221; and costs associated with corporate
activities that are not directly allocated to the operations of Emera&#8217;s subsidiaries and investments.&#160; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Other</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other
includes the following consolidated and non-consolidated investments:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Consolidated Investments</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Brunswick Pipeline is an NEB regulated, 145-kilometre pipeline that
transports natural gas from Saint John, New Brunswick, to markets in the northeastern United States. The pipeline is contracted under a 25-year firm service agreement with Repsol Energy Canada that expires in 2034. The service agreement is accounted
for as a direct financing lease.&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Reinsurance Limited is a captive insurance company providing insurance and reinsurance to Emera and certain of its affiliates, to enable more cost
efficient management of risk and deductible levels across Emera.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Utility Services (&#8220;EUS&#8221;) is a utility services contractor primarily operating in Atlantic Canada.</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera US Holdings Inc. is a wholly owned holding company for certain of Emera&#8217;s assets located in the United States.</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera US Finance LP is a wholly owned financing subsidiary of Emera. </font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Non-consolidated investments </font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera&#8217;s 100 per cent investment in ENL, which holds investments in the following:</font></p>
<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera&#8217;s 100 per cent investment in NSPML, a $1.56 billion transmission project, including two 170-kilometre subsea cables, connecting the island of Newfoundland and Nova
Scotia.&#160; The investment in NSPML is accounted for on the equity basis with equity earnings equal to the return on equity component of AFUDC, which will continue until the Maritime Link Project goes into service.&#160; This project is scheduled
to be completed in Q4 2017 and go into service by January 1, 2018.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:1.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera&#8217;s </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">62.7 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent (December 31, 2015 - 55.1 per cent) investment in the partnership capital of LIL, a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the
transmission of Muskrat Falls energy between Labrador and the island of Newfoundland.&#160; Emera&#8217;s percentage ownership in LIL &#8206;is subject to change based on the balance of capital investments required from Emera and Nalcor Energy to
complete construction of the LIL. &#160;Emera&#8217;s ultimate percentage investment in LIL will be determined </font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">26</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">upon completion and final costing of all transmission projects related to the Muskrat Falls development, including the LIL, Labrador
Transmission Assets and Maritime Link Projects, such that Emera&#8217;s total investment in the Maritime Link and LIL will equal 49 per cent of the cost of all of these transmission developments.&#160; The investment in LIL is accounted for on the
equity basis.&#160; Nalcor Energy has indicated that the project will be in service in Q2 2018.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font
face=Symbol lang=EN-CA style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-CA style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Emera&#8217;s 12.9 per cent investment in M&amp;NP.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.75in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 8, 2016 Emera sold the Company&#8217;s remaining
4.7</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent (December 31, 2015 &#8211; 19.6 per cent) investment in APUC.&#160; APUC is a
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">diversified generation, transmission and distribution utility</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> traded on the Toronto Stock
Exchange (&#8220;TSX&#8221;) under the symbol &#8220;AQN&#8221;.&#160; </font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On May 24, 2016, Emera completed the sale of 50.1 million common shares of
APUC, representing approximately 19.3 per cent of APUC's issued and outstanding common shares. On June 30, 2016, Emera exchanged 12.9 million APUC subscription receipts and dividend equivalents into 12.9 million APUC common shares.&#160; The
resulting gains on the sale of the investment and conversion of subscription receipts and dividend equivalents into common shares are recorded </font></font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">in &#8220;Other income
(expenses), net&#8221; on the Consolidated Statements of Income.&#160; </font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">APUC was accounted for on the equity basis, and Emera&#8217;s proportioned
share of APUC&#8217;s earnings was included in the Consolidated Statements of Income until its partial sale on May 24, 2016.&#160; </font></font><font style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Since that time and up until the disposition on December 8, 2016, t</font></font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">he common shares of APUC were included in
Investment securities on the Consolidated Balance Sheets, with dividend income recorded in Other income (expenses), net on the Consolidated Statements of Income.</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Corporate and Other includes corporate related costs which are dependent on the level of business development activity and acquisition related initiatives. This segment includes corporate
financing costs, AFUDC earnings as a result of equity investments in the Maritime Link Project and the Labrador-Island Link, project-based construction services activity by Emera Utility Services and capital lease accounting treatment of the Emera
Brunswick Pipeline, which yields declining earnings over the life of the asset.&#160; In 2015 this segment also included the equity earnings from the company&#8217;s investment in APUC.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Corporate and Other&#8217;s contribution to consolidated
adjusted net income is expected to be lower in 2017 primarily as the result of the 2016 gains associated with the sale of Emera&#8217;s investment in APUC.&#160; This is partially offset by higher OM&amp;G costs in 2016 related to the TECO Energy
acquisition and lower forecasted 2017 interest costs as a result of permanent financing in place for the TECO Energy acquisition. </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Corporate
and Other, excluding ENL as discussed below, expects to spend approximately $13 million on property, plant and equipment in 2017 (2016 - $7 million actual).</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
color=#1F497D face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">ENL</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSP
Maritime Link Inc. (&#8220;NSPML&#8221;)</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Through its subsidiary, NSP Maritime Link Inc., ENL had invested at December 31, 2016, $1.18 billion of equity, debt and working capital, including $132 million of AFUDC, in the development
of the Maritime Link Project.&#160; Project to date, ENL has invested $315 million in equity, comprised of $261 million in equity contributed and $54 million of accumulated retained earnings, with the remaining being funded with working capital and
debt.&#160; The debt has been guaranteed by the Government of Canada.&#160; AFUDC on invested equity is being capitalized at an annual rate of 9 per
cent</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">ENL&#8217;s future earnings
contribution from the Maritime Link Project will be affected by the amount and timing of capital expenditures for construction activities, which will determine the component of costs to be funded by equity.&#160; Proceeds from the federally
guaranteed debt financing (completed in 2014) were used to fund project costs until the debt to equity ratio reached 70 to 30 per cent, respectively, which occurred in Q4 2015.&#160; From that point forward, project costs are being funded with debt
and equity at a 70 to 30 per cent ratio, with equity </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">contributions of $106 million made in 2016.</font></p> <DIV bclFooter>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In February 2015, ENL entered into a contract with Abengoa S.A., a global Spanish energy company, for the transmission line construction on
the Maritime Link Project.&nbsp; Abengoa S.A. has been under ongoing global creditor protection proceedings that hampered the company&#8217;s ability to perform its work.&nbsp; As a result of Abengoa&#8217;s failure to perform, NSPML notified
Abengoa that it was in default of its contract. NSPML has terminated its contract with Abengoa.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In July 2016 NSPML announced EUS-Rokstad, a joint venture between EUS &nbsp;and Rokstad Power, would complete construction of the high
voltage direct current components of the transmission line. &nbsp; As part of the agreement entered into with NSPML, EUS has responsibility for approximately 50 kilometres of transmission line in Nova Scotia and Rokstad has responsibility for
approximately 140 kilometres of transmission line on the island of Newfoundland. EUS and Rokstad Power are jointly and severally liable for completion of the project. &nbsp;&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Maritime Link Project forecasted equity contributions for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2017&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> are $181 million, resulting in total equity contributions for the Project estimated to be $442 million.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Labrador Island Link (&#8220;LIL&#8221;)</font></i></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">ENL is a limited partner with Nalcor Energy in LIL, with project costs currently
estimated at $3.4 billion.&nbsp; As at December 31, 2016, ENL had invested $400 million, comprised of $355 million in equity and $45 million of accumulated equity earnings in LIL.&nbsp; Equity earnings are recorded based on an annual rate of 8.5 per
cent of the equity invested (8.8 per cent prior to July 1, 2016).&#160; The ROE is approved by the Newfoundland and Labrador Board of Commissioners of Public Utilities (&#8220;NLPUB&#8221;).&nbsp; Future earnings are dependent on the amount and
timing of additional equity investments and the approved ROE.&nbsp; Total equity contributions for LIL in 2016 are $168 million.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-CA style="font-size:11.0pt;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">LIL </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2017 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">equity contributions by Emera are forecasted to be $55 million. The total equity contribution by Emera for the project is estimated to be approximately $600
million.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Both the NSPML and LIL investments are recorded as &#8220;Investments subject to
significant influence&#8221; on Emera&#8217;s Consolidated Balance Sheets. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Throughout construction of both ML and LIL,
equity earnings in ENL are a result of AFUDC on the related projects.&#160; Therefore, 2017 equity earnings contribution from ENL will be higher in 2017 than 2016 as a result of Emera&#8217;s continued equity contribution while under construction
resulting in higher equity levels and therefore higher AFUDC earnings. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:24.0pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=top width=100% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">Consolidated Balance Sheets Highlights</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant changes in the consolidated balance sheets between December 31, 2015 and December 31, 2016 include:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increase (Decrease) Due to </font></p> </td>
<td colspan=2 valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida</font></p> </td>
<td colspan=2 valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increase</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td>
<td colspan=2 valign=bottom width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">and New
Mexico</font></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Decrease)</font></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Explanation of Other Increase/Decrease</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets</font></b></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(669)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
37</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(706)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to the cash paid for the acquisition of TECO Energy</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Receivables, net</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
436</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to higher commodity prices and increased volumes at Emera Energy</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income taxes receivable, net of income taxes payable (current and long-term)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(23)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to expected recovery of prior year income taxes at Emera Energy</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Inventory</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
158</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
233</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(75)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to lower fuel inventory volumes as a result of consumption and lower commodity pricing at NSPI</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instruments (current and long-term)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(142)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(164)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to settlement and change in gas and power contracts at Emera Energy and mark-to-market adjustment on foreign exchange forward contract
in Emera Corporate</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory assets (current and long-term)</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
623</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
590</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to the regulatory offset to deferred income taxes at Brunswick Pipeline and ENL</font></p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property, plant and equipment, net of accumulated depreciation</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,821</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,728</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
93</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to the favourable effect of a stronger CAD on the translation of Emera's foreign subsidiaries, increased capital expenditures at NSPI,
partially offset by depreciation</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investments subject to significant influence</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(198)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(198)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to the sale of APUC common shares, partially offset by increased investment in LIL and NSPML.&#160; See discussion under
&quot;Significant Items Affecting Earnings&quot;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investment securities (current and long-term)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(68)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(68)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to the withdrawal of investments in the SIF</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Goodwill</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,949</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,949</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased due to the TECO Energy acquisition</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other assets (current and long-term)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
84</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(24)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to lower initial value of AMA's and the amortization of transportation assets</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=63% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities and Equity</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Short-term debt and long-term debt (including current portion)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11,680</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,635</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,045</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to the issuance of long-term debt related to the TECO Energy acquisition and issuance of debt in the Caribbean</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accounts payable</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
848</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
692</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
156</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to higher commodity prices at Emera Energy and increased cash collateral position on derivative instruments at NSPI</font></p> </td>
</tr>
<tr style="height:30.75pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income tax liabilities, net of deferred income tax assets&#160; </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
817</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
905</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(88)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to additional tax losses and the change in derivative instruments</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Convertible debentures</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(673)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(673)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased due to the conversion of the majority of the convertible debentures related to the TECO Energy acquisition into common shares</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instruments (current and long-term)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to changes in existing positions on AMA's and long-term natural gas contracts, partially offset by settlements of natural gas and power
contracts at Emera Energy and commodity contracts at NSPI and GBPC</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory liabilities (current and long-term)</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,174</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,173</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The increase in NSPI's regulatory liability due to the increase in the FAM regulatory liability was partially offset by the reduction of SIF BLPC regulatory
liability</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pension and post-retirement liabilities (current and long-term)</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
417</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
396</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to a reduction in the discount rate at NSPI</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other liabilities (current and long-term)</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
244</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
218</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to the timing of interest payments on the long-term debt related to the TECO Energy acquisition</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Common stock</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,581</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,581</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to the conversion of the convertible debentures into common shares, the Q4 2016 issuance of 7.6 million common shares, and issuance of
common stock for the dividend reinvestment program </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contributed surplus</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
46</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
46</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to the beneficial conversion feature discount on the convertible debentures related to the TECO Energy acquisition</font></p> </td>
</tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accumulated other comprehensive income</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(31)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
99</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(130)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased primarily due to the effect of a stronger CAD on the translation of Emera's foreign subsidiaries and the adjustment to AOCI due to the sale of APUC
common shares</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Retained earnings</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(92)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(264)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased due to dividends paid in excess of net income </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased due to increased ownership by Emera in ECI</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">29</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_30"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:auto;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;">Developments&#160; </font></b></font></h2> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Conversion of Convertible Debentures</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, 52 million common shares of Emera were issued
relating to the conversion of the Convertible Debentures, representing conversion into common shares of 99.6 per cent of the outstanding convertible debentures.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Increase in Common Dividend
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On July 4, 2016, Emera&#8217;s Board of
Directors announced an increase in the annual common share dividend rate from $1.90 to $2.09.&#160; The first payment was&nbsp;effective August 15, 2016.&nbsp; Emera also extended its eight per cent annual dividend growth target from 2019 to
2020.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Acquisition of TECO
Energy</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July 1, 2016, Emera acquired all of the outstanding common shares of TECO Energy for $27.55 USD
per common share. The net cash purchase price totaled $8.4 billion ($6.5 billion USD), with an aggregate purchase price of $13.9 billion ($10.7 billion USD), including the assumption on closing of $5.5 billion ($4.2 billion USD) in US debt.</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The net cash purchase price was financed through: (i) $728 million ($560 </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">30</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_31"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million USD) related to the first instalment of convertible debentures represented by instalment receipts issued in
2015, $1.56 billion ($1.2 billion USD) fixed-to-floating subordinated notes, $500 million in Canadian long-term debt and $4.2 billion ($3.25 billion USD) in US long-term senior unsecured notes; (ii) available cash on hand; and (iii) drawings of $1.4
billion ($1.1 billion USD) on the Company&#8217;s acquisition credit facility.&#160; Total proceeds of the debt, not otherwise required to complete the Acquisition, have been used for general corporate purposes. </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On August 2, 2016, the Convertible Debentures Final Instalment Date, Emera obtained the remaining two- thirds of the Convertible Debentures instalment. The net
proceeds were $1.4 billion and were used to repay the Company&#8217;s acquisition credit facility.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For further information on the acquisition of TECO Energy refer to the &#8220;Outlook&#8221;, &#8220;Outlook &#8211; Emera Florida and New Mexico&#8221; and the
&#8220;Emera Florida and New Mexico&#8221; segment section of this MD&amp;A. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investment in APUC</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 24, 2016, Emera completed the sale of 19.3 per cent of APUC's issued and outstanding common shares.&#160; Proceeds of the sale were used in support of Emera's
general financing requirements, including the purchase of TECO Energy.&#160; On June 30, 2016, Emera converted 12.9 million subscription receipts and dividend equivalents into 12.9 million APUC common shares.&#160; On December 8, 2016, Emera
completed the sale of the remaining 12.9 million common shares. Emera no longer holds any interest in APUC.</font></font></p> <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">ECI Amalgamation</font></b></font></p> <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">On February 24, 2016, the common shareholders of ECI approved an amalgamation transaction, which resulted in a wholly owned subsidiary of Emera purchasing all common shares of
ECI.&nbsp; Prior to this, Emera held 95.5 per cent of ECI&#8217;s common shares.&nbsp; </font></font></p> <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">To effect the amalgamation</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">, all issued and outstanding common shares
of ECI were converted to Class A redeemable preferred shares. &#160;In Q1 2016, the Class A redeemable preferred shares of ECI not owned were redeemed.&#160; Minority ECI shareholders could elect to receive $23.26 ($33.30 Barbadian dollars
(&#8220;BBD&#8221;)) in cash per common share (&#8220;Cash Offer&#8221;) or 2.1 Depositary Receipts (&#8220;DR&#8221;) per common share, with each DR representing one quarter of a common share of Emera (&#8220;DR Offer&#8221;); or a combination of
the two offers.&#160; The total consideration paid to redeem the minority interest was $15 million ($23 million BBD), consisting of $14 million of the Cash Offer ($22 million BBD) and $1 million of the DR Offer ($1 million BBD).&nbsp; </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The amalgamated entity retained the name </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CARRIBEAN style="font-size:10.0pt;">Emera
(Caribbean) Incorporated.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:auto;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Recent Financing Activity</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera</font></b></font>
</p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 16, 2016, Emera completed an
offering of 6,630,000 common shares, at $45.25 per common share. On December 21, 2016, underwriters fully exercised an over-allotment option of 994,500 common shares, at $45.25 per common share. The aggregate gross and net proceeds from the
offering, including the over-allotment, were $345 million and $335 million respectively. The proceeds of the offering were used for general corporate purposes.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 13, 2016, Emera's Series H $250
million 2.96% medium-term notes matured and were repaid.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera &#8211; TECO Energy Acquisition Related Capital Market Transactions</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">U.S. Notes</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">31</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_32"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera US Finance LP, a limited partnership financing subsidiary, wholly owned directly and indirectly by Emera, completed the issuance of $3.25 billion
USD senior unsecured notes (&#8220;U.S. Notes&#8221;) by way of private placement.&#160; The U.S. Notes were sold only to &#8220;qualified institutional buyers&#8221; under Rule 144A of the United States Securities Act of 1933, as amended (the
&#8220;Securities Act&#8221;) and to non-U.S. persons under Regulation S of the Securities Act and were not offered for sale in Canada.&#160; The U.S. Notes are guaranteed by Emera and Emera US Holdings Inc., a wholly owned Emera
subsidiary.&#160;&#160; The U.S. Notes bear interest semi-annually, in arrears, on June 15 and December 15 of each year, commencing on December 15, 2016.&#160; The U.S. Notes will not be listed on a securities exchange. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The U.S. Notes issued are as
follows:</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$500 million USD three year, 2.15 per cent
Notes due 2019</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$750
million USD five year 2.70 per cent Notes due 2021</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$750 million USD ten year 3.55 per cent Notes due 2026</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$1.25 billion USD thirty year 4.75 per cent Notes due 2046</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In connection with the
initial issuance of the U.S. Notes, Emera US Finance LP entered into a registration rights agreement with the initial purchasers of the U.S. Notes in which it undertook to offer to exchange the U.S. Notes for new notes, in an equal principal amount
and under the same terms, registered under the Securities Act.&#160; On December 15, 2016, a registration statement on Form F-10/Form S-4 was declared effective by the United States Securities and Exchange Commission (the &#8220;SEC&#8221;). On
January 17, 2017 the new notes were issued.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Hybrid
Notes</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera completed the issuance of $1.2 billion USD unsecured, fixed-to-floating subordinated notes (&#8220;Hybrid Notes&#8221;).&#160; The Hybrid Notes
were issued pursuant to a prospectus filed with the Nova Scotia Securities Commission (the &#8220;NSSC&#8221;) and a corresponding registration statement filed with the SEC under the United States / Canada Multijurisdictional Disclosure
System.&#160; The Hybrid Notes will mature on June 15, 2076.&nbsp; Emera will pay interest on the Hybrid Notes at a fixed rate of 6.75 per cent per year in equal semi-annual instalments on June 15 and December 15 of each year until June 15, 2026.
Beginning on June 15, 2026, and on every quarter thereafter that the Hybrid Notes are outstanding until their maturity on June 15, 2076 (the &#8220;Interest Reset Date&#8221;), the interest rate on the Hybrid Notes will be reset. The Hybrid Notes
are not currently listed and Emera does not intend to list them on any securities exchange or include them on any automated quotation system.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Beginning on June 15, 2026, and on every
Interest Reset Date until June 15, 2046, the Hybrid Notes will be reset at an interest rate of the three month LIBOR plus 5.44 per cent, payable in arrears.&#160; Beginning on June 15, 2046, and on every Interest Reset Date until June 15, 2076, the
Hybrid Notes will be reset at an interest rate of the three-month LIBOR plus 6.19 per cent, payable in arrears. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera may elect, at its sole option, to
defer the interest payable on the Hybrid Notes on one or more occasions for up to five consecutive years.&#160; Deferred interest will accrue, compounding on each subsequent interest payment date, until paid.&#160; Additionally, on or after June 15,
2026, Emera may, at its option, redeem the Hybrid Notes, at a redemption price equal to 100 per cent of the principal amount, together with accrued and unpaid interest.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=#1F497D style="border:none;"><font color=#1F497D face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Canadian
Notes</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera completed the
issuance of $500 million senior unsecured notes (&#8220;Canadian Notes&#8221;).&#160; The Canadian Notes were issued with a seven-year term to maturity and bear interest at a rate of 2.90 per cent.&nbsp; The notes will bear interest semi-annually in
arrears on June 16 and December 16 of each year, commencing on December 16, 2016.&#160; The Canadian Notes will not be listed on a securities exchange.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">32</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_33"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The proceeds of the U.S. Notes, Hybrid Notes and Canadian Notes offerings were used to partially finance the purchase price for the Acquisition. &nbsp;Proceeds of the
offerings, not otherwise required to complete the Acquisition, have been used for general corporate purposes.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI</font></b></font>
</p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On April 28, 2016, NSPI
increased its committed syndicated revolving bank line of credit to $600 million from $500 million.&#160; The increase will support ongoing business requirements and general corporate purposes.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 27, 2016, NSPI increased its
commercial paper program to $500 million from $400 million, of which the full amount outstanding is backed by NSPI&#8217;s operating credit facility referred to above. The amount of commercial paper issued results in an equal amount of its operating
credit facility being considered drawn and unavailable.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">ECI</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On November 29, 2016, ECI completed a senior, secured floating rate, non-revolving term loan of $150 million USD.&#160; The loan is for a five year term and matures on
November 29, 2021.&#160; Interest is due semi-annually and is based on 6 month LIBOR plus 4.08 per cent weighted average. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Appointments</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Board of Directors</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective September 1,
2016, John Ramil joined the Emera Board of Directors.&nbsp; Mr. Ramil was President and Chief Executive Officer (&#8220;CEO&#8221;) of TECO Energy until his retirement on August 31, 2016.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Executive</font></b>
</font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective December 1,
2016, Archie Collins was appointed President and Chief Executive Officer of GBPC. Mr. Collins is also President and Chief Operating Officer of ECI.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective November 18,
2016, Scott Balfour was appointed as Chief Operating Officer of Emera. In addition to his responsibilities for Emera&#8217;s Northeast and Caribbean operations, Mr. Balfour will be responsible for providing senior executive direction for
Emera&#8217;s affiliates in Florida and New Mexico and corporate functions including Human Resources, Stakeholder Relations and Strategic Planning.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective September 1,
2016, Rob Bennett, was appointed President and Chief Executive Officer of TECO Energy. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective September 1, 2016, in addition to his current role of Chief Financial Officer, Emera, Greg Blunden was appointed as TECO Energy&#8217;s and TEC&#8217;s Senior
Vice President &#8211; Finance and Accounting and Chief Financial Officer (Chief Accounting Officer).</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective September 1, 2016, Sarah MacDonald has been appointed to President of TECO Services Inc., TECO Energy&#8217;s
centralized service company.&#160;&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective August 1, 2016, Bob Hanf was appointed Executive Vice President, Stakeholder Relations and Regulatory Affairs for Emera.&#160; Most recently, he was President
and CEO of NSPI.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective August 1, 2016, Karen Hutt was appointed President and CEO of NSPI.&#160; Previously, Ms. Hutt was Vice President, Mergers and Acquisitions, with Emera.
</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">33</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_34"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:22.5pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=top width=100% style="height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">OUTSTANDING COMMON STOCK DATA</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Common stock</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of</font></p> </td>
<td colspan=3 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian</font></p> </td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td valign=bottom width=66% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued and outstanding:</font></b></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">shares</font></p>
</td>
<td colspan=3 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;dollars&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2014</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">143.78</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,016</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issuance of common stock</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.25</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">54</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued for cash under Purchase Plans at market rate</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.10</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">88</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount on shares purchased under Dividend Reinvestment Plan</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(4)</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Options exercised under senior management stock option plan</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.08</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee Share Purchase Plan</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2015</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">147.21</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,157</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Conversion of Convertible Debentures </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">51.99</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,115</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issuance of common stock</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.69</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">338</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued for cash under Purchase Plans at market rate</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.51</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">115</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount on shares purchased under Dividend Reinvestment Plan</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(5)</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Options exercised under senior management stock option plan</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.62</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">17</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee Share Purchase Plan</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2016</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">210.02</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4,738</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) In 2016, 51.99 million common shares of Emera were issued relating to the conversion of the Convertible Debentures, representing conversion into common
shares of 99.6 per cent.&#160; </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) In Q1 2016, Emera issued 0.06 million common shares to facilitate the creation and issuance of 0.2 million depositary receipts in connection with the ECI
amalgamation transaction. The depositary receipts are listed on the Barbados Stock Exchange. In addition, Emera completed an offering of 7.63 million common shares in December 2016, at $45.25 per common share, for net proceeds of approximately $345
million. The net proceeds were $335 million after $10 million of issuance costs, net of taxes.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=bottom width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at January 30, 2017 the amount of issued and outstanding common shares was 210.1 million.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The weighted average shares of common stock
outstanding &#8211; basic, which includes both issued and outstanding common stock and outstanding deferred share units, for the three months ended
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">204 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">147 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million). The weighted average shares of common stock
outstanding &#8211; basic for the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">171 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">146 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million).&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">EMERA FLORIDA AND NEW MEXICO </font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">All amounts are
reported in USD, unless otherwise stated.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">34</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_35"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=58% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Review of 2016</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida and New Mexico Net Income</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=3 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=3 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars (except per share amounts)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=2 valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31*</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
454</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,039</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated gas</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating revenues</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
660</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,395</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
159</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
371</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated cost of natural gas</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
80</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
176</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
335</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
45</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
96</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
92</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
184</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
552</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,119</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
276</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
43</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
87</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
74</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
206</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
27</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
75</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; USD</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; CAD</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
63</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common share &#8211; CAD</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.31</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.00</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income weighted average foreign exchange rate &#8211; CAD/USD</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.34</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.31</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA &#8211; USD</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
209</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
477</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA &#8211; CAD</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
279</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
629</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">* Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A.</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Emera Florida and New Mexico USD contribution to consolidated net income was $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">47 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; For the year ended
December 31, 2016, the Emera Florida and New Mexico USD contribution to consolidated net income was $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">131 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million</font><font color=#548DD4 face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This reflects results since July 1, 2016, which is the date of the acquisition by Emera. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Emera Florida and New Mexico operating
unit contribution to consolidated net income for the three months and year ended December 31, 2016 is summarized in the following table: </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=3 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended </font></p> </td>
<td colspan=3 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=3 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=3 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31*</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
38</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
126</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">PGS</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGC</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income </font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">* Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Other includes TECO Finance and administration costs.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Included below are Emera Florida and New
Mexico&#8217;s Q4 and year ended 2016 results compared to the same period in 2015. Prior year data is for comparison purposes only, as the Emera acquisition was completed on July 1, 2016.&#160; The year ended period reflects the six months ended
December 31, 2016. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">35</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_36"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Tampa Electric&#8217;s net income decreased $5 million to $38 million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $43 million for the same period in 2015
primarily due to lower energy sales and margin from milder weather in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, higher OM&amp;G due to timing and increased depreciation expense resulting from normal additions to facilities to reliably serve customers.&#160; For the six-month year
ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> period, Tampa Electric&#8217;s net
income increased $1 million to $126 million compared to $125 million in 2015 primarily due to higher energy sales and increased AFUDC on the Polk Power Station expansion project, which were partially offset by higher OM&amp;G due to the same factors
as the quarter.&#160; The higher energy sales and margin in the six month period were primarily due to the warmer weather in Q3 2016 and 1.6 per cent customer growth.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">PGS&#8217;s net income increased $2 million
to $9 million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $7 million for the same period in 2015
primarily due to higher residential and commercial sales volumes being offset by slightly higher OM&amp;G. PGS had increased energy sales and margin due to 2.7 per cent customer growth, which included higher volume commercial customers. &#160;For
the six-month year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> period, PGS&#8217;s
net income increased $2 million to $15 million compared to $13 million in 2015 due to the same factors as the quarter.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NMGC&#8217;s net income decreased $3 million
to $10 million in Q4 2016 compared to $13 million for the same period in 2015 primarily due to lower energy sales from milder weather resulting in lower margin. For the six-month year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> period, NMGC&#8217;s net income decreased $1 million to
$9 million compared to $10 million in 2015 primarily due to lower margin resulting from the same factors as Q4, which was partially offset by lower interest expense on short term debt and increased AFUDC related to reliability improvement
projects.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other net loss of $10 million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and $19 million in the six-month year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> period was essentially unchanged compared to the same
periods in 2015.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Emera Florida and New Mexico CAD dollar
contribution to consolidated net income was $63 million and $172 million for the </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and six-month year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> period, respectively.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Operating Revenues &#8211; Regulated</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico's operating revenues - regulated include sales of electricity, gas and other services as summarized in the following table:
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=3 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Operating Revenues &#8211; Regulated</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=3 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Operating Revenues &#8211; Regulated*</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues - regulated </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
454</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues - regulated </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,039</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas revenues - regulated </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas revenues - regulated </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></b></p> </td> </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
656</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:12.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,388</font></b></p> </td> </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Electric and gas regulated revenues include regulatory deferrals related to over-recovery of fuel and clause related costs, if any. Under recoveries are
included in the related expense.</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Electric and Gas Revenues </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric and gas sales volumes are primarily
driven by general economic conditions, population and weather. Residential and commercial electricity and gas sales are seasonal. In Florida, Q3 is the strongest period for electricity sales, reflecting warmer weather and cooling demand. In New
Mexico and Florida, Q1 is the strongest period for gas sales due to colder weather and heating demand.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">36</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_37"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico&#8217;s residential load generally comprises individual homes, apartments and condominiums. Commercial customers include small retail
operations, large office and commercial complexes, universities and hospitals. Industrial customers include manufacturing facilities and other large volume operations. The gas utilities&#8217; industrial customers include manufacturing facilities
and other large volume operations. Other sales volumes consist primarily of off-system sales to other utilities and revenues from street lighting.&#160; </font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Sales Volumes</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=7 valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Electric Sales Volumes</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,072</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,146</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,965</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,032</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,875</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,744</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,543</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,587</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,489</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,357</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,341</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,262</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
491</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
486</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
441</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
990</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
930</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
924</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
457</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
461</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
960</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
935</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
946</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,563</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,680</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,347</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,339</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,081</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,876</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=46% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Gas Sales Volumes</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=7 valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Gas Sales Volumes</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Therms (millions)</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Therms (millions)</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
116</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
126</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
123</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
151</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
158</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
204</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
210</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
205</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
354</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
356</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
347</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
289</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
309</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
260</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
617</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
612</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
553</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
56</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
147</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
120</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 76</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
665</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
710</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
620</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,269</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,248</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,134</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=46% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=bottom width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Industrial gas sales include on-system power generation customers.</font></p> </td>
<td valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Industrial gas sales include on-system power generation customers.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric and gas revenues are summarized in
the following tables by customer class:</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Revenues</font></b></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Electric Revenues*</font></b></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
235</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
566</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
146</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
41</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
83</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
454</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,039</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=3 valign=top width=47% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Other includes regulatory deferrals related to over-recovery of clause related costs. </font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=47% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A. </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Other includes regulatory deferrals related to over-recovery of clause related costs. </font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electric revenues </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">decreased $20</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$&nbsp;</font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">454 </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 2016</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to $474 million in </font></font><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 2015</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to lower
sales volumes from milder weather.&#160; For the six-month year ended 2016 period, electric revenues increased $5 million to $1,039 million compared to $1,034 million in the same period in 2015 primarily due to higher sales volumes from warmer
weather during the summer months. </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">37</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_38"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Gas Revenues</font></b></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Gas Revenues*</font></b></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
162</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
57</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
99</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
75</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=3 valign=top width=47% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Other includes regulatory deferrals related to over-recovery of clause related costs. </font></p> </td>
<td nowrap valign=top width=6% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=47% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of TECO Energy are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A. </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Other includes regulatory deferrals related to over-recovery of clause related costs. </font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Gas revenues increased $3 million to $</font></font><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">202
</font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million in </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 2016</font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to $199 million in
</font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 2015 with consistent revenues by customer class</font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160; For the six-month year ended 2016 period, gas revenues increased $19 million to $</font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">349 </font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million compared to $330 million in the same
period in</font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 2015</font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to the increase in off-system sales in Florida.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulated Fuel for Generation, Purchased
Power and Cost of Natural Gas</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric Capacity</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric is required to maintain a generating capacity greater than firm peak demand.&#160; The total Tampa Electric-owned generation capacity is approximately 4,730 MW, which is
supplemented by 488 MW contracted with other regulated utilities and independent power producers in Florida.&#160; Tampa Electric meets the planning criteria for reserve capacity established by the FPSC, which is a 20% reserve margin over firm peak
demand.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric&#8217;s 460 MW Polk Power Station expansion project went into commercial operation on
January 16, 2017.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td nowrap valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Production Volumes</font></b></p> </td>
<td colspan=3 nowrap valign=bottom width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,958</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,175</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,284</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Coal</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,872</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,079</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,764</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Oil and petcoke</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 220</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 269</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 268</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power </font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 492</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 238</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total production volumes</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,542</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,761</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,345</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=4 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=4 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Natural gas production volumes in 2016 are lower due to outages
related to the Polk conversion project.</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=4 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap width=58% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Production Volumes</font></b></p> </td>
<td colspan=3 nowrap valign=bottom width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></b></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,451</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5,248</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,507</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Coal</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,281</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,065</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5,719</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Oil and petcoke</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 516</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 533</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 563</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power </font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,338</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 615</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 275</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total production volumes</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10,586</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10,461</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10,064</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=4 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016. Year ended data reflects Q3 and Q4 periods.</font></p> </td>
</tr>
<tr style="height:10.5pt;">
<td colspan=4 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Natural gas production volumes in 2016 are lower due to outages
related to the Polk conversion project.</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=4 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">38</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_39"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=80% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Average Fuel Costs/MWh</font></b></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=80% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">US dollars</font></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=80% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=80% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=80% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Average Fuel Costs/MWh*</font></b></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=80% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">US dollars</font></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=80% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=3 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A. </font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 and year ended average fuel cost per MWh was $35 for both periods in 2016 and 2015.&#160; The
2014 average fuel cost per MWh were $42 and $40 for Q4 and the six-month year ended period, respectively.&#160; The reduction is primarily due to lower natural gas pricing in 2016 and 2015 compared to 2014. </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric&#8217;s Fuel Costs are affected by commodity prices and generation mix that is largely dependent on economic dispatch of the generating fleet,
bringing the lowest cost options on stream first (after renewable energy from solar arrays), such that the incremental cost of production increases as sales volumes increase.&nbsp; Generation mix may also be affected by plant outages, plant
performance, availability of lower priced short-term purchased power, availability of renewable solar generation, and compliance with environmental standards and regulations. </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Historically, coal and petcoke have the
lowest per unit fuel cost, with natural gas being the next lowest. However, recent declines in natural gas prices and better overall thermal efficiencies have at times resulted in natural gas generation dispatching before coal and petcoke units.
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulated fuel for generation and purchased
power decreased $7 million to $159 million in Q4 2016 compared to $166 million in Q4 2015 primarily due to lower sales volumes, which was partially offset by an increase in purchased power costs to cover outages related to the Polk Power Station
expansion project.&#160; For the six-month year ended 2016 period, regulated fuel for generation and purchased power increased $3 million to $371 million compared to $368 million for the same 2015 period primarily due to higher sales volumes
experienced during the summer months compared to Q3 2015.&#160;&#160; </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Cost of Natural Gas</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Florida
and New Mexico&#8217;s gas utilities, PGS and NMGC, purchase gas from various suppliers depending on the needs of its customers.&#160; In Florida, the gas is delivered to the PGS distribution system through three interstate pipelines on which PGS
has firm transportation capacity for delivery by PGS to its customers. NMGC&#8217;s service territory is situated between two large natural gas production basins (the San Juan Basin in northwest New Mexico </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">and the Permian Basin located in the southeast New Mexico).&#160; Natural gas is transported from these production basins on major interstate pipelines and NMGC&#8217;s intrastate
transmission system to customers using NMGC&#8217;s distribution system.&#160; </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In Florida, natural gas service is unbundled for non-residential customers and residential customers that use more than 1,999 therms annually that elect this
option, affording these customers the opportunity to purchase gas from any provider. In New Mexico, NMGC is required to provide transportation-only services for all customer classes if requested. The net result of unbundling is a shift from bundled
transportation and commodity sales to transportation-only sales. Because the commodity portion of bundled sales is included in operating revenues at the cost of the gas on a pass-through basis, there is no net earnings affect when a customer shifts
to transportation-only sales.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Gas sales by type are summarized in the following tables:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">39</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_40"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Gas Sales Volumes by Type</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=7 valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Six-Month Year Ended Gas Sales Volumes by Type</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Therms (millions)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Therms (millions)</font></p> </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015*</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014*</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">System Supply</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
198</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
222</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
185</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">System Supply</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
329</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
317</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
271</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transportation</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
467</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
488</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
435</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transportation</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
940</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
931</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
863</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
665</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
710</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
620</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,269</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,248</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,134</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=46% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*2015 and 2014 data is for comparison purposes only. TECO Energy was acquired on July 1, 2016.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=#1A1A1A style="border:none;"><font color=#1A1A1A face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Gas sales
volumes in </font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font></font><font color=#1A1A1A style="border:none;"><font
color=#1A1A1A face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> were lower than </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4</font></font><font color=#1A1A1A style="border:none;"><font color=#1A1A1A face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
2015 primarily due to milder weather in New Mexico affecting heating load and lower power generation sales in Florida.&#160;
</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the six-month year ended 2016 period, gas sales volumes increased compared to the same period in 2015 primarily due to
customer growth and higher off-system sales in Florida.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory Recovery Mechanisms</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Fuel Recovery Clause</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric has a fuel recovery clause that is approved by the
FPSC,&nbsp;allowing&nbsp;it to recover fluctuating fuel expenses from customers through annual fuel rate adjustments.&#160; &#160;Differences between actual Fuel Costs and amounts recovered from customers through electricity rates in a year are
deferred to a fuel clause regulatory asset or liability and recovered from or returned to customers in a subsequent year. </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other Cost Recovery Clauses</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The FPSC annually approves cost-recovery rates for purchased power, capacity, environmental and conservation costs including a return on capital invested. Differences between the prudently
incurred clause-recoverable costs and amounts recovered from customers through electricity rates in a year are deferred to a corresponding regulatory asset or liability and recovered from or returned to customers in a subsequent year.&#160; In
November 2016, the FPSC approved cost-recovery rates for fuel and purchased power, capacity, environmental and conservation costs for 2017.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PGS</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Fuel Recovery Clause</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PGS recovers the costs it pays for gas supply and interstate transportation for system supply through its purchased gas adjustment (&#8220;PGA&#8221;) clause. This clause is designed to
recover the costs incurred by PGS for purchased gas, gas storage services, interstate pipeline capacity, and other related items associated with the purchase, distribution, and sale of natural gas to its customers. These charges may be adjusted
monthly based on a cap approved annually by the FPSC. </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Other Cost Recovery Clauses</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The FPSC annually approves cost-recovery rates for conservation costs
including a return on capital invested incurred in developing and implementing energy conservation programs.&#160; In 2012, the FPSC approved a Cast Iron/Bare Steel Pipe Replacement clause to recover the cost of accelerating the replacement of cast
iron and bare steel distribution lines in the PGS system. The FPSC approved PGS&#8217; request to accelerate the replacement program of approximately 5 per cent, or 800 kilometres, of the PGS system at a cost of approximately $80 million USD over a
10-year period.&#160; As part of the depreciation study settlement agreement approved by the FPSC in February 2017, the Cast Iron/Bare Steel clause was expanded to allow recovery of accelerated replacement of certain obsolete plastic pipe.
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face="Times New Roman,serif" style="border:none;"><font
face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <DIV bclFooter>
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</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_41"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Fuel Recovery Clause</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC recovers gas supply costs through a purchased gas adjustment clause (&#8220;PGAC&#8221;). This clause recovers NMGC&#8217;s actual costs for purchased gas, gas storage services,
interstate pipeline capacity, and other related items associated with the purchase, distribution, and sale of natural gas to its customers. </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On a monthly basis, NMGC can adjust the charges based on next month&#8217;s expected cost of gas and any prior month under-recovery or over-recovery. The NMPRC requires that NMGC annually
file a reconciliation of the PGAC period costs and recoveries. NMGC must file a PGAC Continuation Filing with the NMPRC every four years to establish that the continued use of the PGAC is reasonable and necessary. In December 2016, NMGC received
approval of its PGAC Continuation Filing for the four-year period ending December 2020.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Electric and Gas Revenue Margin</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico&#8217;s utilities distinguish revenues related to various regulated clauses from revenues related primarily to the
recovery of non-fuel costs (&#8220;base rates&#8221;). Electric and gas margin (&#8220;margin&#8221;) and net income are derived primarily by base rates and the return on Florida utility assets associated with approved cost recovery clauses. Fuel
and other non-fuel cost recovery clauses do not have a material effect on margin, as substantially all costs are recovered from customers. However the clauses do include a return on capital invested related to these clauses. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Customer classes contribute differently to
base rate revenue, with residential and commercial customers contributing more on a dollar per MWh and per therm basis than industrial customers. Residential and commercial load is primarily affected by changes in weather and economic conditions,
while industrial load is primarily affected by economic conditions.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulated operating revenues are shown separately by those recovered through base rates and those recovered by various fuel and non-fuel recovery clauses and are outlined
below for the three months ended and six months ended December 31, 2016:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">41</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_42"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=19% style="border:none;border-top:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months
ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric and gas revenues &#8211; base rate</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
230</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
336</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric and gas revenues</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
162</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 81</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
243</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other non-fuel cost recovery clause revenues
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 33</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gross receipts tax and franchise fees revenues
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated operating revenues</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
454</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
656</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Includes return on FPSC approved clause recoverable assets and incentive on generation fleet performance.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Gross receipts and franchise fees for Tampa Electric and PGS are collected from customers on a dollar-for-dollar basis.&#160; As a result, they are included
in Regulated revenues and as an offsetting expense in &quot;Provincial, state and municipal taxes&quot; on the Consolidated Statements of Income.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=19% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31*</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric and gas revenues &#8211; base rate</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
529</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
184</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
713</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric and gas revenues</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
377</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
513</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other non-fuel cost recovery clause revenues
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 68</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gross receipts tax and franchise fees revenues
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 60</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated operating revenues</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,039</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,388</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Includes return on FPSC approved clause recoverable assets and incentive on generation fleet performance.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Gross receipts and franchise fees for Tampa Electric and PGS are collected from customers on a dollar-for-dollar basis.&#160; As a result, they are included
in Regulated revenues and as an offsetting expense in &quot;Provincial, state and municipal taxes&quot; on the Consolidated Statements of Income.</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=3 valign=bottom width=76% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=6 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric margin for the three months and year ended December 31, 2016 is summarized in the following table:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=56% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=3 valign=top width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=3 valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31*</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric base rate revenue</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
230</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
529</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other electric non-fuel cost recovery clause revenues</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:&#160; Other electric non-fuel clause costs, net of deferrals</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(40)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric fuel clause revenue</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
162</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
377</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:&#160; Electric fuel clause costs, net of deferrals</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(161)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(375)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=56% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric margin</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
549</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=6 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A. </font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electric margin decreased $9 million to $240 million in </font></font><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">compared to $249 million in </font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 2015</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> primarily due to decreased sales volumes reflecting milder weather.&#160; </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">For the six-month year ended 2016 period, electric margin increased $7 million to $549 million compared to $542 million in the same period in 2015 primarily due to </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">the higher energy sales from warmer weather in Q3 2016 that were partially offset by the Q4 2016 items discussed above.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">42</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_43"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=6 valign=bottom width=88% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Gas margin for the three months and year ended December 31, 2016 are summarized in the following table:</font></p> </td>
<td valign=bottom width=12% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=51% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=2 valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31*</font></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas base rate revenue</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
184</font></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other gas non-fuel cost recovery clause revenues</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:&#160; Other gas clause recoverable costs, net of deferrals</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas fuel clause revenue</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 81</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:&#160; Gas fuel clause cost, net of deferrals</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(80)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(134)&nbsp;
</font></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=51% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas margin</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
188</font></b></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=88% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A. </font></p> </td>
<td width=12% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Gas margin was unchanged in </font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">compared to </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Q4 2015</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> as decreases in NMGC gas margin due to milder weather were
offset by increases in PGS&#8217; margin due to strong customer growth in Florida. </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">For the six-month year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> period, gas margin increased $3 million to $188 million in 2016 compared to $185 million in
2015 primarily due to customer growth in Florida, which was partially offset by the milder weather in New Mexico.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Income Taxes </font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Florida utilities are subject to corporate income tax at the statutory rate of 39 per cent (combined US federal and Florida state income tax rate).&#160; NMGC is subject to corporate
income tax at the statutory rate of 39 per cent (combined US federal and New Mexico state income tax rate). Emera Florida and New Mexico&#8217;s effective tax rate for the three months and six months ended December 31, 2016 was 36 per cent for both
periods, which was lower than the statutory rates primarily due to non-taxable AFUDC-equity at Tampa Electric. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Non-GAAP Measure</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric and Gas Margin
Reconciliation</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;Electric and gas margin&#8221; is a
non-GAAP financial measure used to show the amounts that Tampa Electric, PGS and NMGC retain to recover their non-clause costs. Effectively, all prudently incurred clause recoverable costs are recovered through the fuel clauses or various other
regulatory clause mechanisms approved by the FPSC and NMPRC.&#160; Electric and gas margin associated with non-fuel recovery clauses are essentially the return on assets employed, as all other clause related costs are fully recovered.
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The companies&#8217; electric and gas margin
may not be comparable to other companies&#8217; electric or gas margin measures, but in management&#8217;s view appropriately reflects the utilities&#8217; regulatory framework.&#160; This measure is not intended to replace &#8220;Income from
operations&#8221; which, as determined in accordance with GAAP, is an indicator of operating performance. Electric and gas margin was discussed in the Financial Review Electric and Gas Margin section above. </font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">43</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_44"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Margin</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Margin</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 72</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric and gas revenues </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
162</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 81</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
243</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other clause revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gross receipts tax and franchise fees revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
27</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Add back:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
159</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
159</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cost of natural gas sold</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 80</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
80</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general &#8211;non-clause related</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
120</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
176</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
45</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization &#8211; non-clause related</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 68</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
92</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-base rate margin contribution</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric and gas margin </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
348</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Includes return on FPSC approved clause recoverable assets and incentive on generation fleet performance &#8211; see electric and gas margin discussion
above for details of the contributions.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016*</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Margin</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Margin</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
226</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
276</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric and gas revenues </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
377</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
513</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other clause revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
68</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gross receipts tax and franchise fees revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
60</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Add back:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
371</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
371</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cost of natural gas sold</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general &#8211;non-clause related</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
231</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
335</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 76</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
96</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization &#8211; non-clause related</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
135</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
184</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-base rate margin contribution</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric and gas margin </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
549</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
188</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
737</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">*Financial results of Emera Florida and New Mexico are from July 1, 2016.&#160; For additional information on the acquisition of TECO Energy, refer to the
&#8220;Developments&#8221; section of this MD&amp;A.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Includes return on FPSC approved clause recoverable assets and incentive on generation fleet performance &#8211; see electric and gas margin discussion
above for details of the contributions.</font></p> </td> </tr> </table></div> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;">&nbsp;</h1> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">44</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_45"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">NSPI</font></b></font></h1> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:20.25pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=bottom width=89% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Review of 2016</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI Net Income</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the </font></p> </td>
<td colspan=4 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td colspan=4 valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
352</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
338</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,356</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,417</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,348</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
490</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
543</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism and fixed cost deferrals</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
76</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 66</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
299</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
298</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
273</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial grants and taxes </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
49</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
206</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
204</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
284</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
271</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,086</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,127</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,074</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
68</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
270</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
290</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
274</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other expenses, net</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (3)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
31</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
124</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
122</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
116</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
142</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
162</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
153</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income of Nova Scotia Power Inc.</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
139</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred stock dividends </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
125</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common share</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.17</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.27</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.76</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.89</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.87</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">116</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">119</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">463</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">490</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">473</font></p> </td>
</tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="border:none;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Regulated fuel for generation and purchased power includes affiliate transactions and proceeds from the sale of natural gas. </font></p> </td> </tr>
<tr style="height:8.25pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="height:8.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Provincial grants and taxes are included in &quot;Provincial state and municipal taxes&quot; on the Consolidated Statements of Income.</font></p> </td>
</tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) Other expenses, net is included in &quot;Other income (expenses), net&quot; on the Consolidated Statements of Income.</font></p> </td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) Preferred stock dividends are included in &quot;Non-controlling interest in subsidiaries&quot; on the Consolidated Statements of Income.&#160; In Q4 2015,
NSPI redeemed its preferred shares.</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s contribution to consolidated net income
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">34 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">40 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016,&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> NSPI&#8217;s contribution to consolidated net income was
consistent with </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Highlights of the changes are summarized in
the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">45</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_46"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=60% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2014</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
125</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased electric margin primarily due to increased residential load, largely due to weather and a FAM audit disallowance included in 2014 </font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased fixed cost deferrals primarily due to the new demand side management (&quot;DSM&quot;) regulatory deferral commencing in 2015, partially offset by an
increase in the amount of non-fuel revenues deferred compared to 2014</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased OM&amp;G primarily due to increased DSM program costs as a result of legislation, effective January 1, 2015,&#160; requiring NSPI to purchase
electricity efficiency and conservation activities and higher pension costs, partially offset by lower storm costs</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(25)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased interest expense, net primarily due to lower interest revenues related to FAM and fixed cost deferrals and higher debt levels</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax expense primarily due to increased income before provision for income taxes</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2015</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td> </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased (decreased) electric margin (see Electric Margin section below for explanation)</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased fixed cost deferrals primarily due to 2015 DSM regulatory deferral, partially offset by a reduction in the amount of non-fuel revenues
deferred</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased OM&amp;G quarter-over-quarter primarily due to higher storm costs and timing of planned plant maintenance, partially offset by lower pension expense;
year-over-year primarily due to higher storm costs and investment in cost saving initiatives, partially offset by lower pension expense</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(11)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased DSM program costs</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased depreciation and amortization primarily due to lower regulatory amortization as a result of a deferral from 2012 being fully amortized in 2015,
partially offset by increased depreciation associated with increased property, plant and equipment</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax expense quarter-over-quarter primarily due to a 2015 legislated change by the Province of Nova Scotia to the deferred tax treatment of the
South Canoe and Sable wind farms resulting in prior period deferred income taxes recorded through earnings being recorded as regulatory assets in Q4 2015; year-over-year decrease primarily due to decreased income before provision for income taxes
and increased accelerated tax deductions related to property, plant and equipment</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased preferred stock dividends due to redemption of the preferred stock in Q4 2015</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2016</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Operating Revenues &#8211; Regulated Electric</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI's Operating revenues &#8211; regulated electric include sales of electricity and other services as summarized in the following table:</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid white 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=40% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
343</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
333</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,327</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,389</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,319</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
352</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
338</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,356</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,417</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,348</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;">&nbsp;</h1> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">46</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_47"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electric Revenues</font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s electric revenue is affected by rates approved by the UARB and electric sales volumes.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric sales volume is primarily driven by
general economic conditions, population, weather and DSM activities.&#160; Residential and commercial electricity sales are seasonal, with Q1 being the strongest period, reflecting colder weather and fewer daylight hours in the winter season.
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160; &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s residential load generally comprises individual homes, apartments and condominiums.&#160; Commercial customers include small retail operations, large office
and commercial complexes, universities and hospitals.&#160; Industrial customers include manufacturing facilities and other large volume operations. Other electric revenues consist primarily of sales to municipal electric utilities and revenues from
street lighting.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=bottom width=100% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric sales volumes are summarized in the following tables by customer class:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=4 valign=top width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Sales Volumes</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Electric Sales Volumes </font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=4 valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gigawatt hours (&quot;GWh&quot;)</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,143</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,075</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,083</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,318</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,484</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,370</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
764</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
757</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
767</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,062</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,134</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,092</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
632</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
592</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
630</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,445</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,457</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,513</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
80</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 75</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
293</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
337</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
312</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,619</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,506</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,555</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,118</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,412</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,287</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=bottom width=88% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric revenues are summarized in the following tables by customer class:</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Revenues</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Electric Revenues</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
181</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
171</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
165</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
689</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
716</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
669</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
101</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 97</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
399</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
410</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
387</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
51</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
214</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
214</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
343</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
333</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
324</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,327</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,389</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,319</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric revenues </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">10 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">343 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">333 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; &nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, electric revenues
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">62 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1,327 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1,389 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; &nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Highlights of the changes are
summarized in the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">47</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_48"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=59% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=59% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2014</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,319</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased fuel related electricity pricing effective January 1, 2015</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased commercial and residential sales volumes primarily due to weather and load growth</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased industrial sales volume </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2015</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
333</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,389</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased fuel related electricity pricing effective January 1, 2016</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased residential sales volume quarter-over-quarter primarily due to favourable weather increasing load; decreased residential sales volume year-over-year
primarily due to unfavourable weather in Q1 </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(21)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased (decreased) commercial sales volume</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased (decreased) industrial sales volume</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2016</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
343</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,327</font></b></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">48</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_49"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Regulated Fuel for Generation and Purchased Power </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Capacity</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To ensure reliability of service, NSPI must
maintain a generating capacity greater than firm peak demand.&#160; The total NSPI-owned generation capacity is 2,487 MW, which is supplemented by 530 MW contracted with IPPs and Community Feed-In Tariff (&#8220;COMFIT&#8221;) participants.&#160;
NSPI meets the planning criteria for reserve capacity established by the Maritime Control Area and the Northeast Power Coordinating Council.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI facilities continue to rank among the best in Canada on performance indicators.&#160; The high availability and capability of low cost thermal generating stations
provide lower-cost energy to customers.&#160; In </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">,
thermal plant availability was 86 per cent compared to 88 per cent in</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2015. </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s four-year average for thermal plant availability is 86 per cent. Availability is in line with industry comparisons. NSPI continues to derive good performance
from its thermal plants despite the challenges of increased renewable integration, flexible utilization, and risks associated with an aging fleet. </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Production Volumes</font></b></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Production Volumes </font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=47% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Coal </font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,380</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,186</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,433</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Coal </font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,810</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,869</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,255</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
281</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
354</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
186</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,244</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,302</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,468</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Oil and petcoke</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
391</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
356</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
353</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Oil and petcoke</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,499</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,760</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,507</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power &#8211; other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
129</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
121</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
126</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power &#8211; other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
430</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
428</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
353</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total non-renewables</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,181</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,017</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,098</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total non-renewables</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,983</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8,359</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8,583</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Wind and hydro &#8211; renewables</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
230</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
228</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
391</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Wind and hydro &#8211; renewables</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,081</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,275</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,357</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power &#8211; IPP</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
314</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
243</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power &#8211; IPP</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,147</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,009</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
825</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power &#8211; COMFIT</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
110</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power &#8211; COMFIT</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
414</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
280</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Biomass &#8211; renewables</font></p> </td>
<td nowrap valign=bottom width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
52</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 62</font></p>
</td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Biomass &#8211; renewables</font></p> </td>
<td nowrap valign=bottom width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
214</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
206</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
258</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total renewables</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
706</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
725</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
708</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total renewables</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,856</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,770</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,464</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total production volumes</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,887</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,742</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,806</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total production volumes</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,839</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11,129</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11,047</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Average Fuel Costs</font></b></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=47% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Average Fuel Costs</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per megawatt hour (&quot;MWh&quot;) produced</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh produced</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
45</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Average unit Fuel Costs is consistent in Q4
2016 compared to Q4 2015. Year-over-year, average unit Fuel Costs decreased in 2016 compared to 2015, primarily due to favorable commodity pricing, combined with the transition to economic dispatch of biomass generation compared to must run in 2015.
These cost savings are partially offset by increased generation costs associated with the COMFIT program and IPP purchases and decreased NSPI-owned hydro generation.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s Fuel Costs are affected by
commodity prices and generation mix which is largely dependent on economic dispatch of the generating fleet, bringing the lowest cost options on stream first </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">after renewable energy from IPPs including COMFIT participants, for which NSPI has power purchase agreements in place</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. This results in the incremental cost of production generally increasing as sales volumes </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">49</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_50"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increase.&nbsp; Generation mix may also be affected by plant outages, availability of renewable
generation, plant performance and compliance with environmental standards and regulations. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI-owned regulated hydro and wind have no fuel cost component. After hydro and wind, historically, petcoke and coal have the lowest per unit fuel cost, with natural gas
being the next lowest.&nbsp;However, declines in natural gas prices and better overall thermal efficiencies have at times resulted in natural gas dispatching before petcoke and coal units. Oil, biomass and purchased power have the next lowest fuel
cost, depending on the relative pricing of each.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The generation mix is transforming with the addition of new non-dispatchable renewable energy sources such as wind, including IPP and COMFIT, which typically have a higher
cost per MWh than NSPI-owned generation or other purchased power sources.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulated fuel for generation and purchased power
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">3 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">136 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">133 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">regulated fuel for generation and purchased power </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">53 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">490 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">543 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Highlights of the changes are summarized in the
following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power &#8211; 2014</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased commodity prices</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(38)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Changes in generation mix and plant performance</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased sales volumes </font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased hydro and NSPI-owned wind production</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power &#8211; 2015</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
543</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Change in commodity prices</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(47)&nbsp;
</font></p> </td> </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Changes in sales volumes </font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decrease in hydro production</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power &#8211; 2016</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
490</font></b></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Regulated Fuel Adjustment Mechanism and
Fixed Cost Deferrals</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulated Fuel Adjustment Mechanism and
FAM Regulatory Deferral</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI has a Regulated FAM which enables it to seek recovery of Fuel Costs through regularly scheduled
rate adjustments.&#160; Differences between actual Fuel Costs and amounts recovered from customers through electricity rates in a given year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a
subsequent year.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The FAM is subject to an incentive with NSPI retaining or absorbing 10 per cent of the over or
under-recovered Fuel Cost amount to a maximum of $5 million. The incentive was suspended for 2012 through 2015 as a result of UARB approved settlement agreements and is in effect for 2016. The incentive is suspended as part of the </font><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electricity Plan Act</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> in 2017 through 2019. For 2016, a FAM incentive of $2.8 million was achieved by NSPI and will
be returned to the benefit of customers through a settlement agreement related to the 2014 and 2015 FAM audit, as discussed below.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Pursuant to the
FAM Plan of Administration, NSPI&#8217;s Fuel Costs are subject to independent audit.&#160; On August 12, 2016, the FAM audit results relating to the fiscal 2014 and 2015 audit were publically released and recommended one disallowance in the amount
of $1 million. This amount related to a specific long-term contract that had also been disallowed following previous FAM audits. On December 21, 2016 the UARB approved a settlement agreement between NSPI and customer representatives which resolved
all issues related to the 2014 and 2015 FAM Audit, including all future issues related to the contract that had previously been disallowed. As a result of the settlement agreement, NSPI agreed to forego $3 million of </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">50</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_51"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">any FAM incentive payment resulting from 2016 Fuel Costs savings it achieved. NSPI achieved a $2.8 million
incentive for 2016 and contributed that amount plus an additional $0.2 million to the benefit of customers.</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In December 2015, the
UARB approved NSPI&#8217;s 2016 fuel rates and its recovery of prior period unrecovered Fuel Costs. The approved customer rates reset the base cost of fuel rates for 2016. In addition, $12 million was approved to be recovered related to prior
years&#8217; unrecovered Fuel Costs. This resulted in a combined average rate decrease for customers of approximately 1 per cent in 2016. The rates and recovery of these costs began on January 1, 2016.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The impact of the FAM included in the Consolidated Statements of Income include the
effect of Fuel Costs in both the current and preceding years and are detailed below:&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The difference between actual Fuel Costs and amounts recovered from
customers in the current year.&#160; This amount, net of the incentive component, is deferred to a FAM regulatory asset in &#8220;Regulatory assets&#8221; or a FAM regulatory liability in &#8220;Regulatory liabilities&#8221; on the Consolidated
Balance Sheets; and&#160; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The recovery from (rebate to) customers of under (over) recovered Fuel Costs from prior years.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The FAM regulatory asset (liability) includes amounts recognized as FAM and associated interest that is included
in &#8220;Interest expense, net&#8221; on the Consolidated Statements of Income.&#160; Details of the FAM regulatory asset (liability), classified in &#8220;Regulatory assets&#8221; or &#8220;Regulatory liabilities&#8221; on the Consolidated Balance
Sheets, are summarized in the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">FAM regulatory asset (liability) &#8211; Balance as at January 1 </font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
48</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Over) under recovery of current year Fuel Costs </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(29)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Recovery from customers&nbsp;of prior years&#8217; Fuel Costs</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(56)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Excess non-fuel revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Benefit of tax treatment on South Canoe and Sable wind farms</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td> </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest on FAM balance</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">FAM regulatory asset (liability) &#8211; Balance as at December 31</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(94)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:13.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></b></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, NSPI applied $15
million of the tax benefits associated with the South Canoe and Sable wind projects to the FAM, as directed by the </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electricity Plan Act</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. In addition, NSPI will refund $5 million of excess non fuel revenue to customers as part of the one-time credit of approximately $36 million in 2017.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:4.15pt;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 DSM
Deferral</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:4.15pt;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective January 1, 2015, NSPI must purchase electricity efficiency and conservation activities (&#8220;Program Costs&#8221;) from EfficiencyOne, the provincially
appointed franchisee to deliver energy efficiency programs to Nova Scotians.&nbsp;The 2015 Program Costs of $35 million were deferred to a regulatory asset and are recoverable from customers over an eight-year period which began in 2016.&#160; The
UARB directed EfficiencyOne to review the financing options through which EfficiencyOne would borrow the 2015 deferral amount from a commercial lender in order to repay NSPI the amount it expended on behalf of its customers in 2015. On December 2,
2016, EfficiencyOne secured the financing and $31 million was advanced to NSPI to finance the 2015 DSM deferral.&#160;&#160; As NSPI collects the associated amounts from customers over the next seven years, it will repay the balance to
EfficiencyOne. This advance has been set up as a liability in &#8220;Other long-term liabilities&#8221; with the current portion of the liability included in &#8220;Other current liabilities&#8221; on the Consolidated Balance
Sheets.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In August 2015, the UARB approved a budget
for EfficiencyOne of $102 million for the three year period of 2016 through 2018, which will be reduced by $7 million in 2017 as a result of underspend by EfficiencyOne in 2015. The Electricity Plan Act has placed a cap of $34 million on 2019 DSM
spending.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">51</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_52"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The DSM regulatory asset includes amounts recognized as DSM and associated interest that is included in &#8220;Interest expense, net&#8221; on the Consolidated Statements
of Income. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Details of the DSM regulatory asset,
classified in &#8220;Regulatory assets&#8221; on the Consolidated Balance Sheets, are summarized in the following table:&#160; </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">DSM regulatory asset&#160; &#8211; Balance as at January 1 </font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current period Program Costs deferred</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">35</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Recovery of regulatory asset recorded as regulatory amortization</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(6)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest on DSM balance</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">DSM regulatory asset &#8211; Balance as at December 31</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">32</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36</font></b></p> </td> </tr>
</table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The DSM regulatory asset is largely offset
by a liability of $31 million to EfficiencyOne.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Electric Revenue and Margin</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI distinguishes electric revenues related to the recovery of Fuel Costs (&#8220;fuel electric revenues&#8221;) from revenues related to the recovery of non-fuel costs
(&#8220;non-fuel electric revenues&#8221;) because the FAM effectively seeks to recover all prudently incurred Fuel Costs. Consequently, Fuel Costs and fuel electric revenues do not have a material effect on NSPI&#8217;s electric margin or net
income, with the exception of the incentive component of the FAM. The incentive component is where NSPI retains or absorbs 10 per cent of the over or under recovered amount to a maximum of $5 million.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electric margin is influenced primarily by revenues relating to
non-fuel costs.&#160; NSPI&#8217;s customer classes contribute differently to its non-fuel electric revenues, with residential and commercial customers contributing more than industrial customers under current rates.&#160; Accordingly, changes in
residential and commercial load, largely due to the effects of weather, general economic conditions and DSM have the largest effect on non-fuel electric revenues and electric margin.&#160; Changes in industrial load, which are generally due to
economic conditions and DSM, have less of an effect on non-fuel electric revenues than would a similar volume change in residential and commercial load. </font></font></p>
<p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The addition of new generation facilities to meet legislated
greenhouse gas emission reductions and renewable generation requirements and other capital investments are among the drivers increasing NSPI&#8217;s fixed costs.&#160; </font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">52</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_53"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.75pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=bottom width=89% style="height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Operating revenues are summarized in the following table:</font></p> </td>
<td nowrap valign=bottom width=3% style="height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=39% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=25% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric revenues &#8211; current year</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
135</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
122</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
518</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
518</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric revenues &#8211; recovery of preceding years</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-fuel electric revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
205</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
797</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
815</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
807</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other revenues </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
352</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
338</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,356</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,417</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,348</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=bottom width=100% style="background:#DCE6F2;height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric margin is summarized in the following table:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=39% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric revenues &#8211; current year</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
135</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
122</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
518</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
518</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric revenues &#8211; recovery of preceding years</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total fuel electric revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
138</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
530</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
574</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(136)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(133)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(490)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(543)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(512)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(41)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(32)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel-related foreign exchange gain (loss)
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net fuel revenue (expense)</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-fuel electric revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
205</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
797</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
815</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
807</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric margin</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
797</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
815</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
802</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=bottom width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) As reported in &quot;Other income (expenses), net&quot;, on the Consolidated Statements of Income.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) The net fuel expense for the three months ended December 31, 2016 is a result of the FAM audit settlement as discussed above.</font></p> </td> </tr>
</table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s electric margin </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">5 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">202 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">197 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> primarily due to increased residential sales reflecting
colder weather partially offset by NSPI foregoing $3 million of the FAM incentive as a result of the FAM audit settlement agreement. NSPI&#8217;s electric margin for the year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">18 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">797 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">815 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily due to decreased residential and commercial sales
reflecting unfavorable weather in Q1 2016.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=bottom width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Average Electric Margin</font></b></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 nowrap valign=bottom width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Average Electric Margin</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=21% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 77</font></p>
</td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
79</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">NSPI&#8217;s electric margin per MWh is
consistent quarter-over-quarter and year-over-year.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Provincial Grants and Taxes</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI pays
annual grants to the Province of Nova Scotia in lieu of municipal taxation other than deed transfer tax.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Income Taxes</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2016 and 2015, NSPI was subject to corporate income tax at the statutory rate of 31 per cent (combined federal and provincial income tax rate). In 2015, NSPI was
subject to Part VI.1 tax relating to preferred stock dividends at the statutory rate of 40 per cent.&#160; NSPI also received a reduction in its corporate income tax otherwise payable related to the Part VI.1 tax deduction of 43 per cent of
preferred stock dividends.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">Non-GAAP Measure</font></b></font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">53</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_54"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Electric Margin Reconciliation</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;Electric margin&#8221; is a non-GAAP financial measure used to show the amounts that NSPI retains to recover its
non-fuel costs, as effectively all prudently incurred Fuel Costs are recovered through the FAM. NSPI&#8217;s electric margin may not be comparable to other companies&#8217; electric margin measures, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">but in management&#8217;s view appropriately reflects NSPI&#8217;s regulatory framework.&#160; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;This measure is not intended to replace &#8220;Income from operations&#8221; which, as determined in accordance with USGAAP, is an indicator of operating
performance. Electric margin was discussed in the Financial Review Electric Revenue and Margin section above. </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
68</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
270</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
290</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
274</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel electric revenues &#8211; current and preceding years</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
138</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
530</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
574</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">FAM audit disallowance</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Add back:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
490</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
543</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
76</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 66</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
299</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
298</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
273</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
49</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
206</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
204</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism and fixed cost deferrals</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other fuel related costs</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric margin</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
797</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
815</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
802</font></p> </td> </tr> </table></div> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;">&nbsp;</h2> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">54</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_55"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">EMERA MAINE </font></b></font></h2> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">All amounts are reported in USD, unless otherwise stated.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Review of 2016</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine Net Income</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of USD (except per share amounts)</font></p> </td>
<td colspan=4 valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
55</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
223</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
219</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating revenues</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
56</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
224</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
222</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
219</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission pool expense </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
51</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
157</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
153</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
155</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
67</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 69</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 64</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
54</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 57</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; USD</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; CAD</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common share &#8211; CAD</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.05</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.03</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.27</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.31</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.29</font></p> </td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income weighted average foreign exchange rate &#8211; CAD/USD</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.34</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.32</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.27</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.10</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA &#8211; USD</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
111</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA &#8211; CAD</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
37</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
141</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
123</font></p> </td> </tr>
<tr style="height:15.75pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="border:none;height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Transmission pool expense is included in &#8220;Regulated fuel for generation and purchased power&#8221; on the Consolidated Statements of
Income.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s USD </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">contribution to consolidated net income
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">5 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">9 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">4 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s USD contribution to consolidated net
income was flat at $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">36 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">36 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Highlights of the USD net income changes are summarized
in the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">55</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_56"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2014</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
38</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Decreased) increased operating revenues &#8211;&#160; see Operating Revenues &#8211; Regulated Electric section below </font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased OM&amp;G primarily due to decreased capitalized construction overheads, partially offset by changes in pension and retiree medical expenses</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased depreciation and amortization due to lower depreciation rates as a result of a 2014 depreciation study and lower regulatory amortization</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased other income primarily due to AFUDC adjustments recognized as a result of a FERC audit</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax expense primarily due to decrease in regulatory amortization and AFUDC adjustments recorded as a result of a FERC audit</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2015</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased operating revenues &#8211;&#160; see Operating Revenues &#8211; Regulated Electric section below </font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased OM&amp;G quarter-over-quarter primarily due to increased capitalized construction overheads, partially offset by losses recognized on disallowed and
abandoned plant. Increased OM&amp;G year-over-year primarily due to increased major storm and regulatory expenses as well as losses recognized on disallowed and abandoned plant, partially offset by increased capitalized construction
overheads</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax expense quarter-over-quarter primarily due to increased income before provision for income taxes, year-over-year decrease primarily due to
AFUDC adjustments recorded as a result of a FERC audit in 2015</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2016</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s CAD contribution to
consolidated net income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">11 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> from $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">5 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, Emera Maine&#8217;s CAD contribution to consolidated net
income</font><font color=#1F497D face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$2 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$47 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million from $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">45 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. The foreign exchange rate had no impact for the three months ended December 31, 2016.&#160; The impact of a stronger USD increased CAD earnings by $2 million for the
year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td colspan=15 valign=bottom width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Operating Revenues &#8211; Regulated Electric</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=23% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=15 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine's operating revenues &#8211; regulated electric include sales of electricity and other services as summarized in the following table:</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=23% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Operating Revenues &#8211; Regulated Electric</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=49% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Operating Revenues &#8211; Regulated Electric</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=23% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=8% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=23% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
157</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission pool revenues</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=23% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission pool revenues</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
51</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Resale of purchased power</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=23% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Resale of purchased power</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
55</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 55</font></p> </td>
<td valign=top width=3% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=23% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
223</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 221</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 219</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">56</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_57"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.75pt;page-break-inside:avoid;">
<td colspan=15 nowrap valign=bottom width=100% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Electric Revenues</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:24.0pt;page-break-inside:avoid;">
<td colspan=15 valign=bottom width=100% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric sales volume is primarily driven by general economic conditions, population and weather.&#160; Electric sales pricing in Maine is regulated, and
therefore can change in accordance with regulatory decisions.&#160; </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Sales Volumes</font></b></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=7 valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Electric Sales Volumes</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
199</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
203</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
790</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
802</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
805</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
193</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
776</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
777</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
788</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
85</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 94</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
352</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
427</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
426</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
481</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
488</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
504</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,931</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,020</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,034</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=bottom width=89% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric revenues are summarized in the following tables by customer class:</font></p> </td>
<td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Revenues</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Electric Revenues</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 76</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 76</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
60</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 57</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
157</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Other revenue includes amounts recognized relating to FERC transmission rate refunds and other transmission revenue adjustments.</font></p> </td> </tr>
</table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric revenues </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">40 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">38 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015.</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">electric revenues were flat at</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">160 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million. Highlights of the changes are summarized in the
following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2014</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
157</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased sales volumes primarily due to weather</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to rate changes</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased due to FERC transmission rate refund</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased due to transmission revenue adjustments</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2015</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
38</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased sales volumes primarily due to loss of load associated <br>with closing two large industrial customers in <br>December 2015 and the impact of
weather</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased primarily due to transmission rate changes</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased due to FERC transmission rate refund</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased (decreased) due to transmission revenue adjustments</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2016</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=bottom width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Revenue / MWh</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Average Electric Revenue / MWh</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
83</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 81</font></p>
</td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
83</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 79</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 77</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The increase in the average electric revenue
per MWh in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and the year ended 2016 compared to 2015 reflects
increased transmission rates offset by transmission revenue adjustments. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Transmission Pool Revenues and Expenses</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">57</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_58"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Transmission pool revenues are recorded in &#8220;Operating revenues &#8211; regulated electric&#8221; and transmission pool expenses are recorded in &#8220;Regulated fuel
for generation and purchased power&#8221; in the Consolidated Statements of Income.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Transmission pool revenues and expenses are summarized in the following table:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td width=29% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For
the</font></p> </td>
<td colspan=4 width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended </font></p> </td>
<td colspan=6 width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=4 width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td colspan=6 nowrap width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=29% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission pool revenues </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission pool expenses</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=29% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net transmission pool revenues</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s net transmission pool
revenues </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> slightly in the quarter and
year ended due to changes in the level of investment in regionally funded transmission assets and the impacts of weather in the New England region.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Resale of Purchased Power and Regulated
Fuel for Generation and Purchased Power</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine has several above-market power purchase contracts with generators in its Bangor District service territory.&#160; The power purchased under these arrangements
is resold at market rates significantly below the contract rates.&#160; The difference between the cost of the power purchased under these arrangements and the revenue collected is recovered through stranded cost rates under a full reconciliation
rate mechanism.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Resale of purchased power was flat at
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$3 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">3 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, and for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$12 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">12 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015.&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Income Taxes</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine is subject to corporate income tax at the statutory rate of 41 per cent (combined US federal and state income tax rate).</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">58</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_59"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">EMERA CARIBBEAN</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">All amounts are reported in USD, unless otherwise stated.</font></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">
&nbsp;</font></b></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:16.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Review of 2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Caribbean Net Income</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=49% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=49% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of USD (except per share amounts)</font></p> </td>
<td colspan=4 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
316</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
346</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
432</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating revenues</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
316</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
352</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
440</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
158</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
248</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated direct costs</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
102</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property taxes </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
37</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 33</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
69</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 70</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
258</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
302</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
58</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investment</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
96</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
85</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred stock dividends </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; USD</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; CAD</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common share &#8211; CAD</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.04</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.10</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.58</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.28</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.19</font></p> </td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income weighted average foreign exchange rate &#8211; CAD/USD</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.34</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.31</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.29</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.10</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA &#8211; USD</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
144</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=49% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBITDA &#8211; CAD</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
189</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
118</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Included in &quot;Provincial, state and municipal taxes&quot; on the Consolidated Statements of Income.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Preferred stock dividends are included in &quot;Non-controlling interest in subsidiaries&quot; on the Consolidated Statements of Income.</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Caribbean&#8217;s USD </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">contribution to consolidated net income
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">4 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">10 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera &nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Caribbean&#8217;s USD</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> contribution to
consolidated net income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">46 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">77 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">31 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Highlights of the net income changes are summarized in
the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">59</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_60"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2014</font></b></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased Electric Margin &#8211; see Electric Margin section </font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased OM&amp;G primarily due to lower pension expense, savings and timing of maintenance costs, and restructuring payroll savings at BLPC,&#160; lower
outage costs at GBPC, and the reversal of Domlec regulatory costs; year-over-year restructuring costs at BLPC offset the decreased OM&amp;G</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased non-controlling interest due to increased earnings from ECI, GBPC and Domlec</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2015</font></b></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
31</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased Electric Margin &#8211; see Electric Margin section </font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased OM&amp;G year-over-year primarily due to operational cost savings at GBPC and BLPC</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased other income year-over-year primarily due to Q2 pre-tax gain recognized on the BLPC SIF regulatory liability (see details below)</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax expense year-over-year primarily due to the gain recognized on the BLPC SIF regulatory liability</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2016</font></b></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></b></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In June 2016, BLPC secured support from the
Government of Barbados and the Trustees of the SIF to reduce the contingency funding in the SIF to $22 million USD. As a result, Emera recorded a pre-tax gain of $41 million USD and an after-tax gain of $34 million USD. Absent this gain, the Emera
Caribbean contribution to the consolidated net income for the year ended </font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $43 million USD ($57 million CAD).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In October 2016, the island of Grand Bahama took a direct hit from Hurricane Matthew.&#160;
GBPC&#8217;s generation and substation infrastructure weathered the storm well, however over 2,100 transmission and distribution poles and related conduit were damaged or destroyed, as were many connections to customer homes. Restoration efforts
have been completed.&#160; Emera Caribbean has recorded $28 million USD of restoration costs associated with Hurricane Matthew with no impact to net income as $21 million USD was recorded as a regulated asset amortized over five years and $7 million
USD recorded as property, plant and equipment depreciating at an average 27 years.&#160; GBPC&#8217;s regulator has approved the full recovery of the storm restoration costs in this manner.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Caribbean&#8217;s CAD </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">contribution to consolidated net income
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">8 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">14 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera &nbsp;</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Caribbean&#8217;s CAD</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> contribution to
consolidated net income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">59 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">100 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">41 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The foreign exchange rate had no impact for the three
months ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The impact of a stronger USD
year-over-year increased CAD earnings by $2 million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">60</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_61"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=13 width=90% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Operating Revenues &#8211; Regulated Electric</font></b></p> </td>
<td valign=bottom width=2% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=15 width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Caribbean's operating revenues &#8211; regulated include sales of electricity and other services as summarized in the following table:</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Operating Revenues &#8211; Regulated</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Operating Revenues &#8211;</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> </font><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=bottom width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=bottom width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td>
<td valign=top width=4% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; base rates</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; base rates</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
185</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
187</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
183</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel charge</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 59</font></p>
</td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel charge</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
128</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
155</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
245</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric revenues</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 83</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric revenues</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
342</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
428</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other revenues</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other revenues</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
105</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated electric</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
316</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
346</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
432</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Electric Revenues</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric sales volume is primarily driven by
general economic conditions, population and weather.&#160; Residential and commercial electricity sales are seasonal, with Q3 being the strongest period, reflecting warmer weather.&#160; </font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=4 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Sales Volumes</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=top width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Electric Sales Volumes</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential </font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
110</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
115</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
111</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential </font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
465</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
453</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
440</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial </font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
185</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
197</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
189</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial </font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
766</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
764</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
751</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial </font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial </font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
102</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
315</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
344</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
333</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,339</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,345</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,319</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric volumes decreased in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">as a result of the direct hit the island of Grand Bahama
took from Hurricane Matthew in October 2016. Year-to-date electric volumes remained consistent period over period with the lower Q4 volumes at GBPC being offset by higher volumes at BLPC as a result of warmer weather.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=bottom width=89% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric revenues are summarized in the following tables by customer class:</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=37% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Electric Revenues</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Electric Revenues</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=37% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
111</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
143</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
46</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 61</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
179</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
195</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
251</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 83</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
342</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
428</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric revenues </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">5 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">78 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">83 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015.</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, electric revenues </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">29 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">313 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">342 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Highlights of the changes are summarized in the
following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">61</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_62"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2014</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
428</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased fuel charge primarily due to lower fuel prices</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(90)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased due to higher sales volumes at BLPC and GBPC primarily due to weather</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2015</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
83</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
342</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased year-over-year fuel charge primarily due to lower fuel prices</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased quarter-over-quarter primarily due to lower sales volumes at GBPC due to the impact of Hurricane Matthew, year-over-year decrease due to lower sales
volumes at GBPC due to the impact of Hurricane Matthew partially offset by higher sales volumes at BLPC due to warmer weather</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric revenues &#8211; 2016</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 nowrap width=37% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Average Electric Revenue/MWh</font></b></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Average Electric Revenue/MWh</font></b></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td width=2% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 248</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 241</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 314</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 234</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 254</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 324</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The change in average electric revenues per MWh in Q4 </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> compared to Q4 </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">was the
result of increased fuel charge at BLPC due to higher fuel prices in the quarter being offset by a decrease in fuel charge at GBPC. The change year-to-date </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">compared to the same period in</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">was mainly due to the decrease in fuel prices.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Electric Revenue and Margin</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Caribbean distinguishes revenues
related to the recovery of fuel costs through the fuel charge from revenues related primarily to the recovery of non-fuel costs (&#8220;base rates&#8221;).&#160; Emera Caribbean&#8217;s electric margin and net income are influenced primarily by base
rates, whereas the fuel charge and fuel costs do not have a material effect on electric margin or net income.&#160; Emera Caribbean&#8217;s customer classes contribute differently to the Company&#8217;s base rate revenue, with residential and
commercial customers contributing more than industrial customers.&#160; Residential and commercial load is primarily affected by changes in weather and economic conditions, while industrial load is primarily affected by economic
conditions.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;">
<td colspan=9 nowrap valign=bottom width=89% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric margin is summarized in the following table:</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=4 valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td colspan=6 valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 316</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 346</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 432</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:&#160; Other revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric revenues </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 83</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 313</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 342</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 428</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric revenues are broken down as follows:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Electric revenues &#8211; base rate</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 185</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 187</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 183</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Fuel charge</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 128</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 155</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 245</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric revenues</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 83</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 313</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 342</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 428</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 130</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 158</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 248</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory amortization </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric margin </font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 180</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 181</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 177</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=11 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Included in &quot;Depreciation and amortization&quot; on the Consolidated Statements of Income.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Caribbean&#8217;s electric margin
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">4 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">41 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">45 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">due to lower sales volumes at GBPC due to the direct hit the
island of Grand Bahamas took from Hurricane Matthew in October 2016. For the year ended December 31,</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">,&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">electric margin </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">62</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_63"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">180 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">181 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">mainly due to lower sales volumes at GBPC due to the impact of Hurricane Matthew, partially offset by higher sales volumes at BLPC due to warmer weather.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=bottom width=37% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Average Electric Margin / MWh</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Average Electric Margin / MWh</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
132</font></p> </td>
<td valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
135</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Electric margin for
the quarter and year-to-date is consistent with prior periods.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=top width=89% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Regulated Fuel for Generation and Purchased Power </font></b></p> </td>
<td nowrap valign=top width=4% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=bottom width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Production Volumes</font></b></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=bottom width=47% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Production Volumes</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; &nbsp;</font></b></p> </td>
<td nowrap width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GWh</font></p> </td>
<td nowrap width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;Oil&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
337</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
369</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;Oil&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,417</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,441</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,397</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;Hydro&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;Hydro&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
36</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;Solar&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;Solar&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
375</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
357</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,462</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,466</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,428</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=15% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 valign=top width=47% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=bottom width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4 Average Fuel Costs/MWh</font></b></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 nowrap valign=bottom width=47% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Average Fuel Costs/MWh</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=bottom width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td width=4% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=7% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
103</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 99</font></p>
</td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
168</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dollars per MWh</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
173</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The change in average fuel costs in Q4
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to Q4 </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">is a result of the change in commodity
prices.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulated fuel for generation and purchased
power </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">36 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">37 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily due to higher commodity prices offset by lower
production volumes at GBPC due to Hurricane Matthew.&#160; For the year ended December 31,</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, regulated fuel for generation and purchased power
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">28 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">130 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">158 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">primarily&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">due to lower commodity prices.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Regulatory Recovery
Mechanisms</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC&#8217;s fuel costs flow through a fuel
pass-through mechanism which provides the opportunity to recover all prudent fuel costs from customers in a timely manner.&#160; The Barbados Fair Trading Commission has approved the calculation of the fuel charge, which is adjusted on a monthly
basis.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">GBPC</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">GBPC&#8217;s fuel costs flow through a fuel
pass-through mechanism which provides the opportunity to recover all prudent fuel costs from customers in a timely manner.&nbsp; In December 2016, the GBPA approved holding the all-in (fuel and base) rates consistent with 2016 levels for five years
(2017-2021).&nbsp; See the Emera Caribbean Outlook section for additional details.&nbsp; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">As a component of its regulatory agreement GBPC has an Earnings Share Mechanism to allow for earnings on rate base to be deferred to a regulatory asset or liability at the
rate of 50 per cent of amounts below a 7.8 per cent return on rate base and 50 per cent of amounts above 9.8 per cent return on rate base respectively.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">63</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_64"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Domlec</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Substantially all of Domlec fuel costs flow
</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">through a </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">fuel pass-through mechanism which provides the opportunity to recover prudent fuel costs from customers in a timely manner.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Income Taxes</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Caribbean is subject to corporate income tax at the following statutory
rates:</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">ECI is subject to corporate
income tax at the statutory rate of 25 per cent;</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC is subject to corporate
income tax at the statutory rate of 15 per cent;</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">GBPC is not subject to
corporate income tax;</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Domlec is subject to corporate
income tax at the statutory rate of 25 per cent; and</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Lucelec is subject to corporate
income tax at the statutory rate of 30 per cent.&#160; </font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">Non-GAAP Measure</font></b></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Electric Margin Reconciliation</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8220;Electric margin&#8221; is a non-GAAP financial measure used to show the amounts that BLPC, GBPC and Domlec retain
to recover their non-fuel costs, as substantially all prudently incurred fuel costs are recovered from customers.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The companies&#8217;
electric margin may not be comparable to electric margin measures of other companies,</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> but in management&#8217;s view appropriately reflects
Emera&#8217;s specific condition.&#160; Management believes measuring electric margin shows the portion of revenues managed through fuel adjustment mechanism, which have a minimal impact on income.&#160; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This measure is not intended to replace &#8220;Income from operations&#8221; which, as determined in accordance with GAAP, is an indicator of operating performance.&#160;
</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of US dollars</font></p> </td>
<td colspan=4 valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
58</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">less:</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; non-regulated</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other revenue</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Add back:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
102</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property taxes</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric margin</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
41</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
180</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
181</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
177</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Depreciation and amortization excludes $1 million of regulatory amortization in Q4 2016 (2015 &#8211; $1 million) and $3 million for the year ended December
31, 2016 (2015 &#8211; $3 million)</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">64</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_65"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">EMERA ENERGY</font></b></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:16.5pt;page-break-inside:avoid;">
<td nowrap style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Review of 2016</font></b></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:16.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=22 style="border:none;height:16.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Energy Adjusted Contribution to Consolidated Net Income</font></b></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td colspan=4 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td colspan=6 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Marketing and trading margin </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
58</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 85</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
117</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electricity sales </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 109</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 143</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 460</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 546</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 521</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating revenues &#8211; non-regulated</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
132</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
181</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
518</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
631</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
638</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel for generation and purchased power
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 334</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 335</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 385</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
87</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 80</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 79</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
45</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 123</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 125</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 476</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 462</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 507</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted income (loss) from operations</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
169</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted income (loss) before provision for income taxes</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
201</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
140</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (5)</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 71</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted contribution to consolidated net income (loss)</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 98</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax derivative mark-to-market gain (loss)</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(36)&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(134)&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(31)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(31)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(110)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 99</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
186</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted contribution to consolidated earnings per common share &#8211; basic</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 0.02</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 0.24</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 0.14</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 0.89</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 0.68</font></p> </td>
<td height=28 style="border:none;height:21.0pt;">&nbsp;</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common share &#8211; basic</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.15)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.27</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.64)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.68</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.30</font></p> </td>
<td height=28 style="border:none;height:21.0pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 71</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
99</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
261</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
184</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Marketing and trading margin excludes a pre-tax mark-to-market loss of $64 million in Q4 2016 (2015 - $37 million gain) and a loss of $203 million for the
year ended December 31, 2016 (2015 - $2 million loss)</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Electricity sales exclude a pre-tax mark-to-market gain (loss) of nil in Q4 2016 (2015 - $22 million loss) and a loss of $7 million for the year ended
December 31, 2016 (2015 - $39 million loss)</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) Non-regulated fuel for generation and purchased power excludes a pre-tax mark-to-market gain of $13 million in Q4 2016 (2015 &#8211; $5 million loss) and a
gain of $18 million for the year ended December 31, 2016 (2015 - $6 million loss)</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) Income from equity investments excludes a pre-tax mark-to-market loss of $1 million in Q4 2016 (2015 - $10 million loss) and a loss of $1 million for the
year ended December 31,&#160; 2016 (2015 - $6 million loss)</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5) Income tax expense (recovery) excludes a $16 million&#160; recovery relating to mark-to-market losses in Q4 2016 (2015 - $5 million recovery) and $59
million recovery relating to mark-to-market losses for the year ended December 31, 2016 (2015 - $22 million recovery) </font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Mark-to-Market Adjustments</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera
 Energy&#8217;s &#8220;Marketing and trading margin&#8221;, &#8220;Electricity sales&#8221;, &#8220;Non-regulated fuel for generation and purchased power&#8221;, &#8220;Income from equity investments&#8221; and &#8220;Income tax expense
(recovery)&#8221; are affected by mark-to-market (&#8220;MTM&#8221;) adjustments.&nbsp; The Emera Energy table above shows these amounts net of MTM adjustments and details these adjustments in footnotes to the table.&#160; Management believes
excluding the effect of MTM valuations, and changes thereto, from income until settlement better matches the financial effect of these contracts with the underlying cash flows.&#160; </font></font><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Variance explanations of the MTM charges for this quarter and YTD are explained in the chart below.&#160;&#160;&#160;&#160;&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy has a
number of AMAs with counterparties, including local gas distribution utilities, power utilities, and natural gas producers in the northeast.&nbsp; The AMAs involve Emera Energy buying or selling gas for a specific term, and the corresponding release
of the counterparties&#8217; gas transportation/storage </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">65</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_66"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">capacity to Emera Energy.&nbsp; MTM adjustments on these AMAs arise on the
price differential between the point where gas is sourced and where it is delivered.&nbsp;&nbsp;At inception, the MTM adjustment is offset fully by the value of the corresponding gas transportation asset, which is amortized over the term of the AMA
contract.&nbsp; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Subsequent changes in gas price
differentials, to the extent they are not offset by the accounting amortization of the gas transportation asset, will result in MTM gains or losses recorded in income.&nbsp; MTM adjustments may be substantial during the term of the contract,
especially in the winter months of a contract when delivered volumes and market volatility are usually at peak levels. &nbsp;As a contract is realized, and volumes reduce, MTM volatility is expected to decrease.&nbsp; Ultimately, the gas
transportation asset and the MTM adjustment reduce to zero at the end of the contract term.&nbsp; As the business grows, and AMA volumes increase, MTM volatility resulting in gains and losses may also increase.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the quarter, Emera Energy&#8217;s
contribution to consolidated net income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
by $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">71 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to a loss of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(31) </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">40 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted for after-tax derivative mark-to-market and
the amortization of transportation capacity, Emera Energy&#8217;s adjusted contribution to consolidated net income decreased by $30 million to $5 million in Q4 2016 compared to $35 million in Q4 2015.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the year ended
December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy&#8217;s contribution to
consolidated net income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">209 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to a loss of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(110) </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in 2016 compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">99 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million during the same period in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Adjusted for after-tax derivative mark-to-market and the
amortization of transportation capacity, Emera Energy&#8217;s adjusted contribution to consolidated net income decreased by $106 million to $24 million in 2016 compared to $130 million during the same period in 2015.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Highlights of the income changes are
summarized in the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">66</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_67"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2014</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
186</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased marketing and trading margin reflects sustained high pricing and volatility in several of Emera Energy's markets in Q1 2014, largely the result of
cold weather and a stronger USD in 2015</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(32)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased electricity sales primarily due to a stronger USD and reduced planned outage work at Bridgeport in 2015, partially offset by lower power
prices</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased non-regulated fuel for generation and purchased power is primarily due to lower commodity fuel prices, partially offset by a stronger USD and reduced
planned outage work at Bridgeport in 2015</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income from equity investments primarily due to the resupply of the contracted power sales in Bear Swamp in 2015 that were not delivered in 2014 due
to transmission line outages, NWP losses recorded in 2014 and the strengthening USD</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased other income (expenses) primarily due to a gain on the sale of NWP</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased interest expense, net primarily due to an intercompany loan with Corporate and Other put in place in Q2 2015</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax expense primarily due to increased income before provision for income taxes, changes in the proportion of income earned in higher tax rate
foreign jurisdiction and a stronger USD</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(29)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased mark-to-market, net of tax, primarily due to changes in gas and power contract positions, amortization of transportation assets and the reversal of
2013 mark-to-market losses in 2014</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(119)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2015</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
99</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased marketing and trading margin - See Marketing and Trading Margin section below</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:15.75pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased electricity revenues quarter-over-quarter primarily due to lower hedged power prices at the NEGG Facilities, partially offset by higher power prices
at Bayside Power. Year-over-year also due to lower market power prices at the NEGG Facilities, partially offset by higher sales volumes as a result of fewer planned outage hours at the Bridgeport Facility in 2016 and a stronger USD</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:15.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(86)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased non-regulated fuel for generation and purchased power quarter-over-quarter primarily due to lower hedged commodity prices at the NEGG Facilities,
offset by the expiry of a favourable gas contract at Bayside Power in 2016. Year-over-year also offset by the recognition of $20 million in state fuel taxes for 2013 through March 2016, fewer planned outage hours at the Bridgeport Facility in 2016,
and a stronger USD</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:.3in;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:.3in;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased income from equity investments&#160; &#8211; see Equity Investments section below</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:.3in;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:.3in;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:.3in;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:.3in;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased other income (expenses), net year-over-year primarily due to a one-time gain on the sale of NWP in 2015 and foreign exchange losses in marketing and
trading due to the impact of strengthening CAD on CAD liabilities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(26)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased income tax expense primarily due to decreased income before provision for income taxes</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased mark-to-market, net of tax quarter-over-quarter primarily due to changes in existing positions on AMA's and amortization of gas transportation assets;
year-over-year also due to changes in existing positions on long-term natural gas contracts</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(41)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(103)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(20)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2016</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(31)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(110)&nbsp;
</font></b></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">67</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_68"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A significant portion of Emera Energy earnings are exposed to foreign exchange fluctuations thereby affecting CAD dollar contribution to net earnings.&#160;
Quarter-over-quarter in 2016 the impact of the USD decreased the loss in CAD dollars by $1 million compared to the same period in 2015. Year-to-date in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> the impact of the USD decreased the loss in CAD dollars
by $13 million compared to the same period in
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&#160;&nbsp;</font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Energy Services</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy Services (&#8220;EES&#8221;) derives revenue and earnings from
the wholesale marketing and trading of natural gas, electricity and other energy-related commodities and derivatives within the Company&#8217;s risk tolerances, including those related to value-at-risk (&#8220;VaR&#8221;) and credit exposure.&#160;
EES purchases and sells physical natural gas and related transportation capacity rights and provides related energy asset management services.&#160; EES is also responsible for commercial management of electricity production and fuel procurement for
Emera Energy Generation&#8217;s fleet.&#160; Established in 2002, Emera Energy&#8217;s marketing and trading business currently has approximately 90 employees engaged in commercial activities and related back office, legal and other support
functions.&#160; The primary market for the marketing and trading business is northeastern North America, including the Marcellus shale gas region, the US Gulf Coast and Central Canada.&#160; Its counterparties include electric and gas utilities,
natural gas producers, electricity generators and other marketing and trading entities.&#160; Marketing and trading operates in a competitive environment, and its business relies on knowledge of the region&#8217;s energy markets, understanding of
pipeline infrastructure, a network of counterparty relationships and a focus on customer service.&#160;&#160; </font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Emera
Energy manages its commodity risk by limiting open positions, utilizing financial products to hedge purchases and sales, and investing in transportation capacity rights to enable movement across its portfolio.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted EBITDA</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:17.25pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:17.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted EBITDA for Emera Energy's marketing and trading business is summarized in the following table:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 nowrap valign=top width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 nowrap valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 nowrap valign=top width=42% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Marketing and trading margin</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
58</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 85</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
117</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">OM&amp;G</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 69</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 95</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">Marketing
 and Trading Margin</font></b></font></em></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;font-style:normal;line-height:normal;">&nbsp;</font></b></font></em></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">Marketing and trading margin is comprised of Emera Energy&#8217;s corresponding purchases and sales of
natural gas and electricity, pipeline capacity costs and energy asset management services&#8217; revenues.</font></font></em></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">&nbsp;</font></font></em></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">Marketing
 and trading margin decreased $15 million to $23 million in Q4 2016 compared to $38 million in Q4 2015.&#160; Marketing and trading had more transportation capacity in Q4 2015 compared to Q4 2016, and had hedged that Q4 2015 capacity at favorable
values. </font></font></em></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">&nbsp;</font></font></em></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><em><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">For the year ended December 31</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">, marketing and trading
margin
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">
$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">27
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">million&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">58 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">million&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;"> </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">compared to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">$85 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">2015.&#160;
&nbsp;</font></font></em><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Higher Q1 2016 margin resulting from a stronger USD and growth in the volume of business
was fully offset by the impact of less favorable market conditions and capacity hedges for the remainder of the year.&#160;&#160;&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">68</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_69"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Generation</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy wholly owns and operates a portfolio of high efficiency, non-utility electricity generating facilities in northeast North America.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Information regarding Emera Energy&#8217;s
wholly owned generation facilities is summarized in the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;">
<td valign=top width=20% style="border:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Wholly Owned Generation Facilities</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Location</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capacity (MW)</font></b></p> </td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commissioning/</font></b></p>
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">In-Service Date</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel </font></b></p> </td>
<td valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Description</font></b></p> </td> </tr>

<tr style="height:10.5pt;">
<td nowrap valign=top width=20% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:none;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New England</font></b></p> </td>
<td nowrap valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=29% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;">
<td nowrap valign=top width=20% style="border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bridgeport </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td nowrap valign=top width=14% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Connecticut</font></p> </td>
<td nowrap valign=top width=10% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">560</font></p> </td>
<td nowrap valign=top width=15% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1999</font></p> </td>
<td nowrap valign=top width=12% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas</font></p> </td>
<td valign=top width=29% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Selling electricity and capacity to ISO-NE</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=20% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tiverton</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p> </td>
<td nowrap valign=top width=14% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Rhode Island</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">290</font></p> </td>
<td nowrap valign=top width=15% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2000</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas</font></p> </td>
<td valign=top width=29% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Selling electricity and capacity to ISO-NE</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Rumford</font></p> </td>
<td nowrap valign=top width=14% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maine</font></p> </td>
<td nowrap valign=top width=10% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">265</font></p> </td>
<td nowrap valign=top width=15% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2000</font></p> </td>
<td nowrap valign=top width=12% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas</font></p> </td>
<td valign=top width=29% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Selling electricity and capacity to ISO-NE</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=2 nowrap valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total New England</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,115</font></b></p> </td>
<td nowrap valign=top width=15% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=29% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=20% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:none;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maritime Canada</font></b></p> </td>
<td nowrap valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=29% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:31.5pt;">
<td nowrap valign=top width=20% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:31.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bayside</font></p> </td>
<td nowrap valign=top width=14% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:31.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New Brunswick</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">290</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2001</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas</font></p> </td>
<td valign=top width=29% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:31.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term power purchase agreement (&quot;PPA&quot;) November - March;
Selling electricity to Maritimes and ISO-NE for remainder of year</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Brooklyn</font></p> </td>
<td nowrap valign=top width=14% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Nova Scotia</font></p> </td>
<td nowrap valign=top width=10% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">30</font></p> </td>
<td nowrap valign=top width=15% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1996</font></p> </td>
<td nowrap valign=top width=12% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Biomass</font></p> </td>
<td nowrap valign=top width=29% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term PPA </font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=2 nowrap valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total Maritime Canada</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">320</font></b></p> </td>
<td nowrap valign=top width=15% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=29% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total EEG</font></b></p> </td>
<td nowrap valign=top width=14% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,435</font></b></p> </td>
<td nowrap valign=top width=15% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=29% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=6 nowrap valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) In Q2 2015, an upgrade at Bridgeport increased its nameplate capacity from 540 MW to 560 MW.</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=6 nowrap valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) In Q4 2016, an upgrade at Tiverton increased its nameplate capacity from 265 MW to 290 MW.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy has approximately 115 employees in its generation
business.&#160; For the portion of output not committed under PPAs, Emera Energy&#8217;s generation facilities sell into price-based competitive markets and earn revenues through the physical delivery of power and ancillary services, such as load
regulation.&#160; The NEGG Facilities also participate in the regional capacity market and are compensated for being available to provide power.&#160; The electricity generation business in the northeast is seasonal.&#160; Winter and summer are
generally the strongest periods, reflecting colder weather and fewer daylight hours in the winter season, and cooling load in the summer. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><em><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;font-style:normal;">Emera Energy Generation</font></b></font></em></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><em><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">&nbsp;</font></b></font></em></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><em><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">Adjusted EBITDA</font></b></font></em></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">69</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_70"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted EBITDA is summarized in the following tables:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=11 nowrap valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended
December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=4 valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New England</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td colspan=4 valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maritime Canada
</font></p> </td>
<td colspan=4 nowrap valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Energy sales</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
111</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
99</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capacity and other</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electricity sales</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
80</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
123</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
143</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 73</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
83</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated electric margin</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 59</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=91% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=17 nowrap valign=top width=78% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=6 valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New England</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td colspan=6 valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maritime
Canada</font></p> </td>
<td colspan=6 nowrap valign=top width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Energy sales</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
327</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
414</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
366</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
413</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
502</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capacity and other</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electricity sales</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
374</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
458</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
412</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
460</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
546</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
521</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
261</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
277</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
312</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
65</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 73</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
326</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
329</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
385</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated electric margin</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
113</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
181</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
217</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provincial, state and municipal taxes</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">OM&amp;G</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
63</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
64</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
140</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
64</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
156</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 79</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Adjusted EBITDA </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">
$</font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">33&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> million to $</font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">8&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> million in </font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Q4
2016</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> from $</font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">41&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">
million in </font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Q4 2015</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">; and year-to-date </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">
$</font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">92&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> million to $</font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">64&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> million in
</font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> from $</font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">156&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> million for the same period in </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">2015.&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">The NEGG Facilities adjusted EBITDA decreased $31 million </font><em><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;font-style:normal;">quarter-over-quarter</font></em> <font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">primarily due to very favourable short-term economic hedges in Q4 2015 compared to Q4 2016 and increased property tax expense at the Bridgeport Facility in Q4 2016.&#160; For the year ended
December 31, 2016 </font><em><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;font-style:normal;">the</font></em><em> &nbsp;</em><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">NEGG Facilities adjusted EBITDA decreased
$76 million. This decrease includes a $20 million charge to cost of fuel to recognize fuel taxes for 2013 through March 2016.&#160; Absent this, the NEGG Facilities adjusted EBITDA would have been $84 million, a decrease of $56 million
year-over-year. This decrease reflects very favourable short-term economic hedges in 2015, primarily in Q1 and Q4 compared to the same period in 2016, partially offset by the stronger USD and fewer planned outage hours in 2016.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">The Maritime Canada Facilities saw an increased cost of gas at Bayside Power,
reflecting the expiry of a long-term favourable gas contract, and its replacement at market rates, which was the primary contributor to a $2 million decrease in adjusted EBITDA quarter-over-quarter; and a $16 million decrease year-over-year.
</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-CA style="font-size:11.0pt;">&#160;&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">70</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_71"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=10 nowrap width=98% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Operating Statistics </font></p> </td>
<td nowrap valign=bottom width=2% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=25% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=10 nowrap valign=top width=75% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months
ended&#160; December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 nowrap valign=top width=23% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Sales Volumes (GWh)
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td colspan=4 nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Plant Availability
(%)</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p> </td>
<td colspan=4 nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net Capacity Factor
(%) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=25% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New England</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,264</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,194</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
88.8</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89.5</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
51.7</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
49.7</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maritime Canada</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
420</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
417</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
85.5</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
95.1</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61.0</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
60.5</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=25% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,684</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,611</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
88.1</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
90.8</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
53.8</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
52.1</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=10 nowrap valign=top width=74% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 nowrap valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Sales Volumes (GWh)
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Plant Availability
(%)</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=4 nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net Capacity Factor
(%) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New England</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,221</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,777</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
90.9</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
94.5</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
54.3</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
50.5</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maritime Canada</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,713</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,699</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86.7</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
92.7</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
62.4</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61.9</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,934</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,476</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
90.0</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
94.1</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
56.1</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
53.0</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Sales volumes represent the actual electricity output of the plants.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Plant availability represents the percentage of time in the period that the plant was available to generate power regardless of whether it was
running.&#160; Effectively, it represents 100% availability reduced by planned and unplanned outages.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) Net capacity factor is the ratio of the utilization of an asset as compared to its maximum capability, within a particular time frame. It is generally a
function of plant availability and plant economics vis-&#224;-vis the market.</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Sales volumes, plant availability and net capacity factor were consistent quarter-over-quarter. Year-over-year sales volume and net capacity factor increase at the NEGG
Facilities was primarily due to fewer planned outage hours in the first half of 2016 and an upgrade at the Bridgeport Energy Facility, completed in Q2 2015.&#160; The Maritime Canada Facilities sales volumes and net capacity factor were consistent
with the prior year.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The NEGG Facilities sell into price based competitive markets. The primary reason the overall capacity factor is lower as compared to the Maritime Canada Facilities is
because the Rumford Plant, in particular, generally operates with a capacity factor of approximately 20 per cent, reflecting current electricity and gas supply price dynamics in its markets.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td colspan=6 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Equity Investments</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=25% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Information regarding Emera Energy's equity investment in the Bear Swamp generation facility is summarized below:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investment in
Generation Facility</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Ownership</font>
</b></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Location</font></b>
</p> </td>
<td valign=top width=13% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capacity
(MW)</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel
</font></b></p> </td>
<td valign=top width=25% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Description</font>
</b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=22% style="border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:none;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New England</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=25% style="border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;border-left:solid black 1.0pt;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bear Swamp</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">50 per
cent</font></p> </td>
<td nowrap valign=top width=15% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Massachusetts</font>
</p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">600</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Hydro</font></p>
</td>
<td valign=top width=25% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:solid black 1.0pt;border-top:none;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term PPA and
selling electricity and capacity to ISO-NE</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=bottom width=76% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted income from equity investments</font></b></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=bottom width=88% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjusted income from equity investments is summarized in the following table:</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 nowrap valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bear Swamp</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NWP</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted income from equity investments&#160; </font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Adjusted Income from equity investments </font></font><em><font
color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">decreased $1 </font></font></em><em><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">million to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">$2 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">Q4 2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">compared to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">$3 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">Q4 2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">. &#160;For the year ended December 31</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">, adjusted </font></font></em><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">income from equity
investments </font></font><em><font color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">decreased </font></font></em><em><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">13 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">million to $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">13 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">million compared to </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">$26 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">2015. &#160;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">This is primarily due to a resupply </font></font></em>
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<em><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;">of contracted power sales in Bear Swamp in Q3 2015 that were not
delivered in 2014 due to transmission line outages and higher interest costs at Bear Swamp as a result of its Q4 2015 refinancing.&#160; </font></font></em></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other
Income</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On January 29, 2015,
Emera completed the sale of its 49 per cent interest in NWP for $282 million ($223 million USD). This sale resulted in a pre-tax gain of $19 million or $0.13 per common share (after-tax gain of $12 million or $0.08 per common share), which was
recorded in &#8220;Other income (expenses), net&#8221; on the Consolidated Statements of Income in Q1 2015.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income
Taxes</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy is
subject to corporate income tax at the statutory rate ranging from 39 to 42 per cent (combined US federal and state income tax rate) on its US sourced income and ranging from 29 to 31 per cent (combined Canadian federal and provincial income tax
rate) on its Canada sourced income.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">New England Gas Generating Facilities is subject to corporate income tax at the statutory rate ranging from 35 to 41 per cent (combined US federal and state income tax
rate).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Brooklyn Energy is subject to corporate
income tax at the statutory rate of 31 per cent (combined Canadian federal and provincial income tax rate).</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bear Swamp Refinancing</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On October 8, 2015, Bear Swamp refinanced its $125 million USD bank debt that was due to mature in 2017 and issued $400 million USD in senior secured 10-year bonds, with
$375 million USD at fixed rate of 4.89 per cent and $25 million USD at a floating rate of LIBOR plus 2.70 per cent. The proceeds of this financing were used to repay existing debt and provide working capital to the joint venture, with the remainder
shared equally between Emera and its joint venture partner. After fees and expenses, Emera received a $179 million ($137 million USD) non-taxable distribution in Q4 2015.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">CORPORATE AND OTHER</font></b></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">72</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_73"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td nowrap width=50% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Review of 2016</font></b></p> </td>
<td nowrap width=3% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Corporate and Other</font></b></p> </td>
<td nowrap width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=50% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=6 width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=6 width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Intercompany revenue </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated gas</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
38</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated operating revenue</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
55</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated direct costs</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
27</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
52</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance and general</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 33</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
105</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total operating expenses</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
37</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
189</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
149</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 97</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income (loss) from operations</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(57)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(23)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income (loss) from equity earnings</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
229</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
76</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
328</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 71</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 57</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted income (loss) before provision for income taxes</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(52)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(70)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(14)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 39</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (4)</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(35)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(100)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred stock dividends </font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted contribution to consolidated net income </font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(114)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 98</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(112)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted contribution to consolidated earnings per common share &#8211; basic</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.08)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.05)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.01</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.11)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.17</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.07)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.63</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(0.65)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.56</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.17</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=50% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=50% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
262</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 59</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 99</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Intercompany revenue consists of interest from EEG.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Other income (expenses) net, excludes a pre-tax mark-to-market gain/loss of nil in Q4 2016 (2015 &#8211; $119 million gain) and a loss of $134 million for
the year ended December 31, 2016 (2015 &#8211; $119 million gain). </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) Interest expense excludes a pre-tax mark-to-market gain of $2 million in Q4 2016 (2015 &#8211; nil) and a gain of $2 million for the year ended December 31,
2016 (2015 &#8211; $4 million loss)</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) Income tax expense (recovery), excludes a nil expense relating to mark-to-market gains in Q4 2016 (2015 &#8211; $19 million expense) and an $18 million
recovery relating to mark-to-market losses for the year ended December 31, 2016 (2015 &#8211; $17 million expense).</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Mark-to-Market
Adjustments</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">The
after-tax mark-to-market loss of $114 million for the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;"> (</font><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;"> &#8211; gain of $98 million) primarily relates to the effect of the Debenture Offering USD-denominated currency revaluation and forward contracts put in place to hedge
the proceeds from the final instalment of the Debenture Offering. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#8220;Other income (expenses), net&#8221; and &#8220;Income tax expense (recovery)&#8221; are affected by the mark-to-market adjustments discussed above.&#160;
Corporate and Other&#8217;s table above shows these amounts net of mark-to-market adjustments and details the adjustments in the footnotes.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Corporate and Other&#8217;s contribution to
consolidated net income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> by $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">108 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to a loss of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(15) </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to earnings of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">93 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, Corporate and Other&#8217;s contribution to consolidated net
income </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">194 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to a loss of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(112) </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to earnings of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">82 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. Highlights of the income changes are summarized in the
following table:</font></font></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">73</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_74"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=59% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=59% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2014</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased intercompany revenue due to the issuance of a loan to Emera Energy Generation, partially offset by the repayment of an intercompany loan from
Brunswick Pipeline </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Acquisition costs related to the TECO Energy acquisition</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(52)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased OM&amp;G primarily due to lower performance-based compensation and lower business development costs not related to the TECO Energy
acquisition</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments &#8211; see Income from Equity Investments section below</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased other income due to the reclassification of APUC subscription receipts,&#160; losses incurred in Emera Reinsurance from Tropical Storm Erika and the
recognition of NSPML as an equity investment in Q2 2014</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased interest expense primarily due to interest on convertible debentures represented by installment receipts, partially offset by maturity of long-term
debt in Q4 2014</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased income tax expense primarily due to decreased income before provision for income taxes</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased preferred stock dividends primarily due to issuance of preferred shares in Q2 2014</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss) &#8211; see After-Tax Mark-to-Market Gain (Loss) section below</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 98</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2015</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
93</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
82</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased operating revenue - regulated gas primarily as a result of accruing bill credits for NMGC customers as a result of the stipulation agreement on the
closing of the TECO Energy acquisition</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased intercompany revenue due to the issuance of a loan to Emera Energy Generation</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased acquisition costs quarter-over-quarter due to higher TECO Energy acquisition costs in Q4 2015.&#160; Increased costs year-over-year due to higher TECO
Energy acquisition costs in 2016</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(37)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased OM&amp;G quarter-over-quarter primarily due to increase in recoveries from affiliates with the addition of Florida and New Mexico;&#160;
year-over-year includes lower non TECO Energy related business development costs</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments &#8211; see Income from Equity Investments section below</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(11)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on sale of APUC common shares, pre-tax </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on conversion of APUC subscription receipts and dividend equivalents into APUC common shares, pre-tax</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decreased interest expense quarter-over-quarter primarily due to no interest on convertible debentures in Q4 2016 and amortization of the fair market value debt
adjustment related to the TECO Energy acquisition,&#160; Increased year-over-year also includes Beneficial Conversion Feature recognized on conversion of the Convertible Debentures, higher interest on Convertible Debentures, and interest on bridge
facility related to the&#160; acquisition of TECO Energy</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(111)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Post-acquisition interest on financing related to&#160; the TECO Energy acquisition, pre-tax </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(71)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(146)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increased income tax recovery primarily due to decreased income before provision for income taxes and deferred income taxes on regulated income recorded as
regulatory assets and liabilities: year-over-year increase also due to the non- taxable portion of gains on APUC&#160; transactions</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 72</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market (loss) &#8211; see After-Tax Mark-to-Market Gain (Loss) section below</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(98)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(212)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=59% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Contribution to consolidated net income &#8211; 2016</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(112)&nbsp;
</font></b></p> </td> </tr> </table></div> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">74</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_75"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Energy Acquisition Related Costs</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Highlights of the TECO Energy related acquisition costs are summarized in the following table:</font></font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated gas</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance, and general</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
148</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(14)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(14)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(84)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(23)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Acquisition related costs</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
166</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As part of the
acquisition the Company has agreed to fund certain commitments in New Mexico.&#160; These commitments include contributions relating to economic development, donations, construction of an enlarged pipeline to the New Mexico/Mexico border,
establishment of a matching fund to extend gas infrastructure in New Mexico and an annual customer bill reduction credit through June 30, 2018.&#160; For the year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016,</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Emera recognized $10 million in &#8220;Operating
revenues - Regulated gas&#8221; and $30 million in &#8220;Operating, maintenance, and general&#8221; associated with these commitments for a total of $40 million ($23 million after-tax).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In
addition to the New Mexico commitments, operating, maintenance, and general expenses includes acquisition related legal, accounting, banking and advisory fees and the accelerated vesting of outstanding stock-based compensation awards.&#160; Other
income (expenses), net includes foreign exchange gains on acquisition related transactions.&#160; Interest expense, net includes interest incurred on the convertible debentures represented by instalment receipts and the acquisition credit facility
issued for the purpose of financing the TECO Energy acquisition.&#160; In addition, it includes interest for the period between the issuance date and the acquisition date on acquisition-related debt and the Beneficial Conversion Feature discount
expensed on conversion of the convertible debentures. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;">
<td nowrap width=40% style="height:12.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">After-Tax Mark-to-Market Gain (Loss)</font></b></p> </td>
<td nowrap valign=top width=2% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=22% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=bottom width=34% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap width=40% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td colspan=11 width=100% style="height:12.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The foreign currency earnings impact related to the translation of the
TECO Energy acquisition related convertible debenture USD denominated cash balance and the mark-to-market adjustments from forward contracts from economically hedging the Debenture Offering are recorded as a mark-to-market adjustment to net
income.&#160; Pre-tax losses in 2016 of $134 million for the year ($114 million after-tax loss) are recorded in &#8220;Other income (expenses), net&#8221; on the Consolidated Statements of Income. These losses offset a pre-tax mark-to-market gain of
$119 million ($101 million after-tax gain) recorded in Q4 2015.&#160; The after-tax mark-to-market gain (loss) is summarized in the following table:</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap width=40% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=bottom width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=bottom width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange on TECO Energy acquisition related USD cash</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(42)&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Mark-to-market adjustment on interest rate hedges in EBP</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Mark-to-market adjustment on USD forward contracts associated with the TECO Energy acquisition</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(92)&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 100</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(114)&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 98</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">75</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_76"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income from Equity Investments</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=bottom width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 nowrap width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income from equity investments are summarized in the following table:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">APUC </font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">M&amp;NP</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPML</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">LIL</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income from equity investments </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">decreased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">11 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">20 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">31 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Q4 2015.&#160; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">income from equity investments </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">86 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">84 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015. &nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;Highlights of the income changes are summarized in
the following table:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=64% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=2 valign=top width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Three months ended</font></p> </td>
<td colspan=2 valign=top width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=64% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td colspan=2 valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments &#8211; 2014</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
65</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">APUC &#8211;&#160; Due to higher equity earnings in 2015, the reclassification of APUC subscription receipts in 2015, partially offset by lower dilution on APUC
share issuances in 2015 compared to dilutions related to share issuances in 2014</font></p> </td>
<td width=4% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">M&amp;NP</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPML &#8211;&#160; Due to the recognition of the AFUDC earnings of NSPML as income from equity investment</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">LIL &#8211; Increase in investment</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments &#8211; 2015</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
31</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
84</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">APUC &#8211; Due to divestiture of shares</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPML &#8211; Increase in equity investment</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">LIL &#8211; Increase in equity investment</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments &#8211; 2016</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
86</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=64% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:37.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:37.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has invested $1.18 billion as at December 31, 2016 of equity, debt and working capital, including $132 million of AFUDC, in the development of the
Maritime Link Project. Project to date, Emera has invested a $315 million in equity, comprised of $261 million in equity contributed and $54 million of accumulated retained earnings, with the remaining being funded with working capital and
debt.&#160; The debt has been guaranteed by the Government of Canada. AFUDC on invested equity is being capitalized at an annual rate of 9 per cent.&#160; Proceeds from the federally guaranteed debt financing completed in April&#160; 2014 will be
used to fund project costs until the Project's debt to equity ratio reaches 70 per cent to 30 per cent respectively in Q4 2015.&#160; From that point forward, project costs are being funded with debt and equity at a 70 per cent to 30 per cent ratio,
with equity contributions of $106 million in 2016.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:27.0pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:27.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has invested $400 million in the LIL as at December 31, 2016, which is comprised of $355 million in equity contributed and $45 million of accumulated
equity earnings. Equity earnings are recorded based on an annual rate of 8.5 per cent of the equity invested (8.8 per cent prior to July 1, 2016). The rate is approved by the Newfoundland and Labrador Board of Commissioners of Public
Utilities.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160; &#160;&#160;&#160;&#160;&#160;&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;text-transform:uppercase;">Liquidity and
Capital Resources</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company generates cash primarily through
its investments in various regulated and non-regulated energy related entities and investments.&#160; Utility customer bases are diversified by both sales volumes and revenues among customer classes.&#160; Emera&#8217;s non-regulated businesses
provide diverse revenue streams </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">76</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_77"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and counterparties to the business.&#160; Circumstances that could affect the Company&#8217;s
ability to generate sufficient cash include general economic downturns in markets served by Emera, the loss of one or more large customers, regulatory decisions affecting customer rates and the recovery of regulatory assets and changes in
environmental legislation.&#160; Emera&#8217;s subsidiaries maintain solid credit metrics and are generally in a financial position to contribute cash dividends to Emera provided they do not breach their debt covenants, where applicable, after
giving effect to the dividend payment.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:20.25pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=bottom width=100% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Consolidated Cash Flow Highlights</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=55% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant changes in the statements of cash flows between the years ended December 31, 2016 and 2015 include:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=81% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$ Change</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents, beginning of period</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,073</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
852</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Provided by (used in):</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating cash flow before changes in working capital</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
919</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
776</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
143</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Change in working capital</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(102)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
236</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating activities</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,053</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
674</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
379</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investing activities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(9,105)&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(124)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8,981)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financing activities</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,448</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,227</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Effect of exchange rate changes on cash and cash equivalents</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(65)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 81</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(146)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents, end of period</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
404</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,073</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(669)&nbsp;
</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flow from Operating Activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Refer to Consolidated Income Statement Highlights for
details.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flow Used in Investing Activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">used in</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> investing activities </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">8,981 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">9,105 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million for the year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">124 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million for the year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2015. </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;The increase was primarily due to the
acquisition of TECO Energy, proceeds from the sale of NWP in 2015, increased capital spending as a result of the acquisition of TECO Energy and increased investment in NSPML and LIL in 2016.&#160; This was partially offset by proceeds from the sale
of APUC common shares in 2016.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Capital expenditures, including AFUDC and net of proceeds from disposal of assets,
for the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> were $1,102
million compared to $436 million in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The
increase is a result of the acquisition of TECO Energy, additional capital spending in NSPI and Emera Maine and the investment in a solar facility in Emera Caribbean. Details of the capital spend are shown below: </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$573 million at Emera Florida
and New Mexico</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$309 million at NSPI (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $274 million);</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$86 million at Emera Maine
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $66 million);</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$87 million at Emera Caribbean
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $44 million); </font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$39 million at Emera Energy
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $42 million);</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=DE style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=DE style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=DE style="font-size:10.0pt;line-height:normal;">$8 million at Corporate and Other
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=DE style="font-size:10.0pt;line-height:normal;"> &#8211; $10 million)</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flow from Financing Activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Net cash </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">provided by</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> financing activities </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increased&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">7,227 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">7,448 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million for the year ended</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> compared to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">221 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">. The increase was primarily due to the proceeds of
the long-term debt issuance and convertible debentures related to the acquisition of TECO Energy, proceeds from the long-term debt issuance at ECI, issuance of equity at Emera in Q4 2016 and higher repayment of debt in 2015.&#160; This was partially
offset by the 2015 proceeds of the long-term debt issuance by Brunswick Pipeline, redemption of NSPI preferred shares in 2015 and increased </font>
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<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 dividends on common stock.&#160; The majority of the net cash provided by financing activities was used to finance the
TECO Energy acquisition. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&#160;&nbsp;</font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;line-height:normal;">Working Capital</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, Emera&#8217;s cash and cash equivalents were </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$404 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$1,073 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million) and Emera&#8217;s investment in non-cash working
capital was </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$301 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$600 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million).&#160; Of the </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$1,073 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million of cash and cash equivalents held at December 31,
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$728 million was from the proceeds from the
convertible debentures for the TECO Energy acquisition and were held in USD.&#160; Of the </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$404 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million cash and cash equivalents held at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, $267 million</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">is held by Emera&#8217;s foreign</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">subsidiaries (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $373 million).&#160; A portion of these funds are invested in countries that have certain exchange controls, required approvals, and processes for repatriation.
Such funds remain available to fund local operating and capital requirements unless repatriated. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s future liquidity and capital needs will be predominately for working capital requirements and capital expenditures in support of growth throughout the
businesses, as well as acquisitions, dividends and debt servicing. </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition to using cash generated from operating
activities, Emera uses available cash and credit facility borrowings to support normal operations and capital requirements.&nbsp; Emera may reduce short-term borrowings with cash from operations, long-term borrowings, or equity contributions.&nbsp;
Emera has credit facilities with varying maturities that cumulatively provide $3.2 billion of credit (see note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">24 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">26 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">to the 2016 Annual Emera Consolidated Financial Statements for additional information regarding the credit facilities).&nbsp; Emera believes that its liquidity is adequate
given its expected operating cash flows, capital expenditures, and related financing plans.&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">78</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_79"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:17.25pt;page-break-inside:avoid;">
<td colspan=15 nowrap style="height:17.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;line-height:normal;">Contractual Obligations</font></b></p> </td>
<td height=23 style="border:none;height:17.25pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, commitments for each of the next five years and in aggregate thereafter consisted of the following:</font></p> </td>
<td height=29 style="border:none;height:21.75pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></b></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></b></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></b></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></b></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></b></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Thereafter</font></b></p> </td>
<td colspan=2 style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term debt </font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
476</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
791</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,380</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
835</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,687</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,628</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,797</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 253</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 224</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 206</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 202</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 198</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,272</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,355</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel and gas supply</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
161</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
795</font></p> </td>
<td height=29 style="border:none;height:21.75pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">DSM</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 103</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pension and post-retirement obligations
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
863</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,191</font></p> </td>
<td height=30 style="border:none;height:22.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset retirement obligations</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 396</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 447</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest payment obligations</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (3)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
686</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
641</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
611</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
565</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
515</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,524</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,542</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term payable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Convertible debentures represented by instalment receipts</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transportation (4)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 496</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 392</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 310</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 280</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 196</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,622</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,296</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:19.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term service agreements </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 55</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
527</font></p> </td>
<td height=26 style="border:none;height:19.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capital projects</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 133</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 133</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity investment commitments (6)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
236</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
200</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
436</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Leases and other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(7)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 66</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 70</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 187</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,094</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,381</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,763</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,221</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,770</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21,620</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34,849</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&#160;&#160; Annual requirement to purchase electricity production from independent power producers or other utilities over varying contract
lengths.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="border:none;border-bottom:none black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Defined benefit funding contractual obligations were determined based on funding requirements and assuming pension accruals cease as at December 31, 2016.&#160;
Credited service and earnings are assumed to be crystallized as at December 31, 2016.&#160; The Company's contractual obligations for post-retirement (non-pension) benefits assumes members must be age 55 or over (50 for TECO Energy) as at December
31, 2016 to be eligible.&#160; As the defined benefit pension plans currently undergoes regular reviews to revise contribution requirements and members are still accruing service under the plans, actual future contributions to the plans will differ
from the amounts shown.</font></p> </td>
<td height=28 style="border:none;height:21.0pt;">&nbsp;</td> </tr>
<tr style="height:17.25pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="border:none;border-bottom:none black 1.0pt;height:17.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&#160;&#160; Future interest payments are calculated based on the assumption that all debt is outstanding until maturity.&#160; For debt instruments with
variable rates, interest is calculated for all future periods using the rates in effect at December 31, 2016, including any expected required payment under associated swap agreements.</font></p> </td>
<td height=23 style="border:none;height:17.25pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) &nbsp; Purchasing commitments for transportation of fuel and transportation capacity on various pipelines.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)&#160;&#160; Maintenance of certain generating equipment, services related to a generation facility and wind operating agreements, outsourced management of
computer and communication infrastructure and vegetation management.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6) &nbsp; Emera has a commitment in connection with the Federal Loan Guarantee (&quot;FLG&quot;) to complete construction of the Maritime Link.&#160; Thirty
per cent of the financing of this project will come from Emera as equity.&#160; Emera also has a commitment to make equity contributions to LIL upon draw requests from the general partner.&#160; The amounts forecasted are a combination of equity
investments for both projects and are subject to change in both timing and amount as the projects advance through construction.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(7) &nbsp; Operating lease agreements for office space, land, plant fixtures and equipment, telecommunications services, rail cars and vehicles.</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In connection with the acquisition of TECO Energy, Emera made certain commitments approved by the NMPRC.&#160; Refer to note 4 of the Company's annual audited
financial statements for additional information.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Beginning in 2018, NSPI has a contractual obligation to pay NSPML for use of the Maritime Link over 35 years. The timing and amount of future payments could
change based on UARB approval and final costing of the Maritime Link after construction is complete.&#160; This transaction will be accounted for as a related party transaction in accordance with the Company&#8217;s accounting policies. The Company
accounts for NSPML as an equity investment.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">79</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_80"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:17.25pt;page-break-inside:avoid;">
<td colspan=15 nowrap valign=top width=100% style="height:17.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;line-height:normal;">Forecasted Gross Consolidated Capital Expenditures</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2017 forecasted gross consolidated capital expenditures are as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td valign=bottom width=17% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida and
New Mexico</font></b></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI</font></b></p>
 </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera</font></b></p>
 <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maine</font></b></p>
 </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera</font></b></p>
 <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Caribbean</font></b>
</p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera</font></b></p>
 <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Energy</font></b>
</p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Corporate</font></b>
</p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">and
Other</font></b></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Generation</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
153</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
322</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New renewable generation</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 39</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 91</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
193</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
233</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
398</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
283</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
283</font></p> </td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
119</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
117</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
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<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
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<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
273</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
840</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
398</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
143</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,532</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:16.0pt;line-height:normal;">Debt Management
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:0in;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition to funds generated from
operations, Emera and its subsidiaries have access to committed syndicated revolving bank lines of credit in </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">either CAD or USD per the table
below</font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">. </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.75pt;page-break-inside:avoid;">
<td colspan=8 width=100% style="height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, the Company's total credit facilities, outstanding borrowings and available capacity were as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=37% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Revolving</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Undrawn</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=37% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Credit</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">and</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=37% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of dollars</font></p> </td>
<td valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maturity</font></b>
</p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Facilities</font></b>
</p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Utilized</font></b>
</p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Available</font></b>
</p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td valign=top width=37% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera &#8211; Operating and acquisition credit facility </font></p> </td>
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">June 2020 &#8211;
Revolver</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
700</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
637</font></p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td valign=top width=37% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Florida and New Mexico - in USD - credit facilities</font></p> </td>
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">March 2017 -
December 2018</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,300</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
708</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
592</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=37% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI &#8211; Operating credit facility </font></p> </td>
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">October 2020 &#8211;
Revolver</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
600</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
265</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
335</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=37% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine &#8211; in USD &#8211; Operating credit facility</font></p> </td>
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; September
2019 &#8211; Revolver </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 80</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=37% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other &#8211; in USD &#8211; Operating credit facilities</font></p> </td>
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Various</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For the purpose of bridge financing for the
acquisition of TECO Energy, on September 4, 2015, the Company secured an aggregate of $6.5 billion USD non-revolving term credit facilities (&#8220;Acquisition Credit Facilities&#8221;) from a syndicate of banks. &#160;The non-revolving term credit
facilities were comprised of a $4.3 billion USD debt bridge facility, repayable in full on the first anniversary following its advance, and a $2.2 billion USD equity bridge facility repayable in full on the first anniversary following its advance.
&#160;&#160;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On October 16, 2015, Emera permanently reduced the USD bridge facilities in the amount of $588.3
million USD and on June 16, 2016, Emera further reduced the USD bridge facilities by $4.8 billion.&#160; On August 2, 2016, the Convertible Debentures Final Instalment Date, Emera obtained the remaining two- thirds of the Convertible Debentures
instalment. The net proceeds were $1.4 billion and were used to fully repay the Company&#8217;s acquisition credit facility.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s future liquidity and capital
needs will be predominately for working capital requirements and capital expenditures in support of growth throughout the businesses, potential new acquisitions, dividends and debt servicing.&#160; These liquidity and capital needs will be financed
through internally generated cash flows, short-term credit facilities, and ongoing access to capital markets.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera and its subsidiaries recent financing activity is discussed in the Developments section of this MD&amp;A, including the most recent capital markets transactions
relating to the TECO Energy Acquisition.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">80</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_81"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;line-height:normal;">Credit Ratings</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera and its subsidiaries have been assigned the following senior unsecured debt ratings:</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">S&amp;P</font></b>
</p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Moody's</font></b>
</p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=18% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fitch</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=18% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">DBRS</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Inc.</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BBB
(Negative)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Baa3
(Stable)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy/TECO Finance</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BBB
(Negative)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Baa2
(Stable)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BBB
(Stable)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TEC</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BBB+
(Negative)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">A3
(Stable)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">A-
(Stable)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGC</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BBB+
(Negative)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BBB+
(Negative)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">A (low)
(Stable)</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera</font></b></font>
</p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In June 2016, as a result of the TECO Energy
acquisition outlined in the Developments section of this MD&amp;A, Moody&#8217;s Investor Services assigned the following new credit ratings to Emera:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=73% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issuer</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=25% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Baa3 (Stable
Outlook)</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=73% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Senior Unsecured</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=25% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Baa3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=73% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Subordinate</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=25% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Ba2</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Florida and New
Mexico</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July
6, 2016, Moody&#8217;s downgraded the credit ratings of TECO Energy and TECO Finance to Baa2 from Baa1 and the issuer rating and senior unsecured ratings of TEC to A3 from A2. Moody&#8217;s described the ratings outlook for the companies as
stable.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:12.0pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July 1,
2016, following the Merger with Emera, S&amp;P affirmed the issuer credit ratings of TECO Energy and the senior unsecured debt ratings of its subsidiaries, TECO Finance, TEC and NMGC, and maintained the ratings outlook at negative.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;text-indent:25.5pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On October 9, 2015, Fitch Ratings affirmed the issuer default ratings of TECO
Energy at BBB and TEC at BBB+ and affirmed the senior unsecured debt rating of its subsidiaries, TECO Finance and TEC. Fitch Ratings also described the ratings outlook as stable.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">NSPI</font></b></font>
</p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 13, 2016, DBRS
affirmed all ratings on NSPI.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 25, 2016, </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">S&amp;P </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">affirmed all ratings on NSPI</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine, BLPC,
Domlec and GBPC have no public debt, and accordingly have no requirement for public credit ratings.&#160; These utilities&#8217; credit facilities provide adequate access to capital to support current operations and a base level of capital
expenditures.&#160; For additional capital needs, these utilities expect to have sufficient access to competitively priced financing in the unsecured or secured debt markets.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A credit rating is not a
recommendation to buy, hold or sell securities and may be subject to revision or withdrawal at any time by the assigned rating agency.&#160; Our access to capital markets and cost of financing are influenced by the ratings of our securities.&#160; A
downgrade, if any, in any rating may affect our ability to borrow and may increase financing costs, which may decrease earnings.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">81</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_82"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera and its subsidiaries have certain financial and other covenants associated with their debt and credit facilities.&#160; Covenants are tested regularly and the
Company is in compliance with covenant requirements.&#160; Emera&#8217;s significant covenant is listed below:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=20% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=26% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financial Covenant</font></b></p>
</td>
<td valign=top width=35% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Requirement</font></b></p> </td>
<td nowrap valign=top width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2016</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=top width=26% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera</font></b></p> </td>
<td valign=top width=19% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=26% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Syndicated credit facilities</font></p> </td>
<td valign=top width=19% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Debt to capital ratio</font></p> </td>
<td valign=top width=35% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less than or equal to 0.70 to 1</font></p> </td>
<td valign=top width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.62:1</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;line-height:normal;">Share Capital</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera had </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">210.02 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">147.21 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million) common shares issued and outstanding.&#160; For the
year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, 10.82
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">common shares were issued (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 3.43 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million) for net proceeds of $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">466 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$141&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million).&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 16, 2016, Emera completed an offering of 6,630,000 common shares, at $45.25 per common share. On December 21, 2016, underwriters fully exercised an
over-allotment option of 994,500 common shares, at $45.25 per common share. The aggregate gross and net proceeds from the offering, including the over-allotment, were $345 million and $335 million, respectively. The proceeds of the offering were
used for general corporate purposes.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, Emera had </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">29 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million preferred shares issued and outstanding (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">29&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million).</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">PENSION FUNDING</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For funding purposes, Emera determines required contributions to its largest defined benefit pension plans based on smoothed asset values.&#160; This reduces volatility in
the cash funding requirement as the impact of investment gains and losses are recognized over a three-year period.&#160; The cash required in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2017
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">for defined benefit pension plans is expected to be $117 million </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$49 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million).&#160; All pension plan contributions are tax
deductible and will be funded with cash from operations.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s defined benefit pension plans
employ a long-term strategic approach with respect to asset allocation, real return and risk.&#160; The underlying objective is to earn an appropriate return, given the Company&#8217;s goal of preserving capital within an acceptable level of risk
for the pension fund investments.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To achieve the overall long-term asset allocation, pension assets are managed by external investment managers per the pension plan&#8217;s investment policy and governance
framework.&#160; The asset allocation includes investments in the assets of Canadian and global equities, domestic and global bonds and short-term investments.&#160; Emera reviews investment manager performance on a regular basis and adjusts the
plans&#8217; asset mixes as needed in accordance with the pension plans&#8217; investment policy</font><font color=#1F497D face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s projected contributions to
defined contribution pension plans are $27 million for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2017&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; $17 million actual).</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">82</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_83"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined Benefit Pension Plan Summary</font></b></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at December 31, 2016</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">in millions of Canadian dollars</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td width=33% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Plans by region</font></b></p> </td>
<td colspan=2 valign=bottom width=15% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy
Pension Plans</font></b></p> </td>
<td colspan=2 valign=bottom width=15% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI Pension
Plans</font></b></p> </td>
<td colspan=2 valign=bottom width=14% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine
Pension Plans</font></b></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Caribbean
Plans</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets as at December 31, 2016</font></p> </td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
872</font></p> </td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,161</font></p> </td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
165</font></p> </td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,208</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accounting obligation at December 31, 2016</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,033</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,354</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
207</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,607</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accounting expense during fiscal 2016</font></p> </td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td nowrap valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">OFF-BALANCE SHEET
ARRANGEMENTS</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Defeasance</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Upon privatization of the former
provincially owned Nova Scotia Power Corporation (&#8220;NSPC&#8221;) in 1992, NSPI became responsible for managing a portfolio of defeasance securities that provide principal and interest streams to match the related defeased debt, which at
December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">totaled $753 million </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015 &#8211;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> $765 million).&#160; The securities are held in trust
for Nova Scotia Power Finance Corporation (&#8220;NSPFC&#8221;), an affiliate of the Province of Nova Scotia.&#160; Approximately 80 per cent of the defeasance portfolio consists of investments in the related debt, eliminating all risk associated
with this portion of the portfolio; the remaining defeasance portfolio has a market value higher than the related debt, reducing the future risk of this portion of the portfolio.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Under the privatization agreements, NSPI
administers the defeasance cash flows and obligations pursuant to a Management and Administration Agreement.&nbsp; The NSPFC bank accounts are included in NSPI&#8217;s pool of bank accounts under a mirror netting agreement and therefore, from time
to time, if any cash accumulates in the NSPFC bank account it is available until that cash is required to service the defeased NSPC debt.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Guarantees and Letters of Credit</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera had significant guarantees and letters
of credit on behalf of third parties outstanding as discussed below.&#160; These are not included within the Consolidated Balance Sheets as at
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">:&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has provided a completion guarantee to
the Government of Canada, whereby it has guaranteed the performance of the obligations of NSPML to cause the completion of the Maritime Link Project, subject to certain conditions set out in that guarantee.&#160; The cost of those obligations is
estimated to be $1.577 billion, which reduces in the ordinary course as project costs are paid.&#160; The current exposure as at December 31, 2016 is $577 million.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Coal was sold on September 21, 2015 to
Cambrian Coal Corporation (&#8220;Cambrian&#8221;).&#160; Pursuant to the sales agreement, Cambrian is obligated to file applications required in connection with the change of control with the appropriate governmental entities.&#160; Once the
applicable governmental agency deems each application to be acceptable, Cambrian is obligated to post a bond or other appropriate collateral necessary to obtain the release of the corresponding bond secured by the TECO Energy indemnity for that
permit. Until the bonds secured by TECO Energy's indemnity are released, TECO Energy's indemnity will remain effective. As a result of the sale in September 2015, the letters of indemnity guaranteed $124 million ($95 million USD).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Energy has remaining letters of
indemnity related to TECO Coal, which totaled $80 million ($59 million USD) at December 31, 2016. As of that date Cambrian had posted approximately $54 million ($40 million USD) of additional reclamation bonds to replace corresponding reclamation
bonds supported by TECO Energy&#8217;s indemnity.&#160; TECO Energy&#8217;s indemnity obligations in respect of such bonds will not be released until the applicable State department processes the applicable permit transfers and releases such
bonds.&#160; These letters of indemnity guarantee payments to certain surety companies that issued </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">83</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_84"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">reclamation bonds to the Commonwealths of Kentucky and Virginia in connection with TECO Coal's
mining operations.&#160; Payments to the surety companies would be triggered if the reclamation bonds are called upon by either of these states and the permit holder, TECO Coal, does not pay the surety. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The amounts outlined above represent the
maximum theoretical amounts that TECO Energy would be required to pay to the surety companies. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The company is working with Cambrian on the process to replace the remaining bonds. Pursuant to the securities purchase agreement, Cambrian has the obligation to indemnify
and hold TECO Energy harmless from any losses incurred that arise out of the coal mining permits during the period commencing on the closing date through the date all permit approvals are
obtained.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI has a standby letter of credit to
secure obligations under an unfunded pension plan in NSPI.&#160; The letter of credit expires in June 2017 and is renewed annually.&#160; The amount committed as at December 31, 2016 was $47 million.&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has standby letters of credit in the
amount of $24 million USD for the benefit of secured parties in connection with a refinancing of the Bear Swamp joint venture and also to third parties that have extended credit to Emera and its subsidiaries. These letters of credit typically have a
one-year term and are renewed annually as required.&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">DIVIDEND PAYOUT RATIO</font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera targets a dividend payout ratio of 70 to 75 per cent of adjusted net income. &#160;Emera Incorporated&#8217;s common share dividends paid in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">were $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1.9950&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> ($0.4750 in Q1 and Q2 and $0.5225 in Q3 and Q4) per
common share and $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1.6625&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> ($0.3875 in Q1, $0.4000
in Q2 and Q3 and $0.4750 in Q4) per common share for
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, representing a payout ratio of 68.2 per cent of
adjusted net income in </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and 72.8 per cent for
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The decrease in the payout ratio is
primarily due to a large increase in adjusted net income in 2016 as a result of the net gain realized on the sale of APUC.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On July 4, 2016, Emera&#8217;s Board of
Directors announced an increase in the annual common share dividend rate from $1.90 to $2.09.&#160; The first payment was&nbsp;effective August 15, 2016.&nbsp; Emera also extended its eight per cent annual dividend growth target from 2019 to
2020.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">ENTERPRISE RISK AND RISK
MANAGEMENT</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Emera has a business-wide risk management
process, monitored by the Board of Directors, to ensure a consistent and coherent approach to risk management.&#160; Certain risk management activities for Emera are overseen by the Enterprise Risk Management Committee to ensure such risks are
appropriately assessed, monitored and controlled within predetermined risk tolerances established through approved policies.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">The Company&#8217;s risk management
activities are focused on those areas that most significantly impact profitability, quality of income and cash flow.&#160; In this section, Emera describes these principal risks that management believes could materially affect its business,
revenues, operating income, net income, net assets, or liquidity or capital resources.&nbsp; The nature of risk is such that no list is comprehensive, and other risks may arise or risks not currently considered material may become material in the
future.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Regulatory and Political Risk&#160;
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company&#8217;s rate-regulated subsidiaries and certain investments subject to significant
influence are subject to risk of the recovery of costs and investments.&#160; As cost-of-service utilities with an obligation to serve customers, Tampa Electric, PGS, NMGC, NSPI, Emera Maine, BLPC, GBPC, and Domlec must obtain regulatory approval to
change electricity rates and/or riders from their respective regulators.&#160; Costs </font></font>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">and investments can be recovered upon approval by the respective regulator as an adjustment to rates and/or riders,
which normally requires a public hearing process or may be mandated by other governmental bodies. &nbsp;In addition, the commercial and regulatory frameworks under which Emera and its subsidiaries operate can be impacted by significant shifts in
government policy (including shifts in policy which could occur as a result of climate change concerns) and changes in governments. Emera&#8217;s investments in entities in which it has significant influence and which are subject to regulatory risk
include:&#160; NSPML, LIL, M&amp;NP and Lucelec.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">During public hearing processes, consultants and customer representatives scrutinize the costs,
actions and plans of these rate regulated companies and their respective regulators determine whether to allow recovery and to adjust rates based upon the evidence and any contrary evidence from other parties.&#160; In some circumstances, other
government bodies may influence the setting of rates.&#160; The subsidiaries manage this regulatory risk through transparent regulatory disclosure, ongoing stakeholder and government consultation and multi-party engagement on aspects such as utility
operations, fuel-related audits, rate filings and capital plans.&#160; The subsidiaries employ a collaborative regulatory approach through technical conferences and, where appropriate, negotiated settlements.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Brunswick Pipeline has a 25-year firm service agreement, expiring in 2034, with Repsol Energy Canada (&#8220;REC&#8221;). This firm service agreement was filed
with the NEB, and provides for predetermined toll increases after the fifth and fifteenth year of the contract.&#160; As a regulated Group II pipeline, the tolls of Brunswick Pipeline are regulated by the NEB on a complaint basis.&#160; Brunswick
Pipeline is required to make copies of tariffs and supporting financial information readily available to interested persons.&#160; Persons who cannot resolve traffic, toll and tariff issues with Brunswick Pipeline may file a complaint with the
NEB.&#160; In the absence of a complaint, the NEB does not normally undertake a detailed examination of Brunswick Pipeline&#8217;s tolls.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Weather and Climate Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Shifts in weather patterns affect energy sales and associated revenues and costs.&#160; Extreme weather events generally result in increased operating costs associated
with restoring service to customers as a result of unplanned outages. Emera responds to outages which occur as a result of significant weather events according to each subsidiary&#8217;s respective emergency services restoration
plan.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Changes in Environmental Legislation
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera is subject to regulation by federal,
provincial, state, regional and local authorities with regard to environmental matters; primarily related to its utility operations. This includes laws setting GHG emissions standards and air emissions standards.&#160; Emera is also subject to laws
regarding the generation, storage, transportation, use and disposal of hazardous substances and materials.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition to imposing continuing compliance obligations, there are</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">permit requirements, laws and
regulations authorizing the imposition of penalties for non-compliance, including fines, injunctive relief and other sanctions.&#160; The cost of complying with current and future environmental requirements is, and may be, material to Emera.&#160;
Failure to comply with environmental requirements or to recover environmental costs in a timely manner through rates could have a material adverse effect on Emera. In addition, Emera&#8217;s business could be materially affected by changes in
government policy, utility regulation, and environmental and other legislation that could occur in response to environmental and climate change concerns. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">New emission reductions requirements for the
utilities sector are being established by governments in Canada and the United States.&#160; Changes to GHG emissions standards and air emissions standards could adversely affect Emera&#8217;s operations and financial performance.&#160; Stricter
environmental laws and enforcement of such laws in the future could increase Emera&#8217;s exposure to additional liabilities and costs. These changes could also affect earnings and strategy by changing the nature and timing of capital
investments.</font></font></p>
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<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">85</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera manages its environmental risk by operating in a manner that is respectful and protective of the environment and with the objective of achieving full compliance with
applicable laws, legislation and company policies and standards.&#160; Emera has implemented this policy through the development and application of environmental management systems in its operating subsidiaries.&#160; Comprehensive audit programs
are also in place to regularly test compliance with such laws, policies and standards.&#160;&#160;&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Cybersecurity Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s reliance on information technology systems and network infrastructure to manage its business, including controls for interconnected systems of generation,
distribution and transmission, exposes the Company to potential risks related to cybersecurity attack.&#160; Attacks can occur over the Internet, through malware, viruses, attachments to e-mails, through persons inside of the organization or through
persons with access to systems outside of the organization.&#160; A cybersecurity attack could disrupt operations, cause loss of important data or compromise customer, employee-related or other critical information or systems, or otherwise adversely
affect Emera&#8217;s business and financial results and condition. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Despite security measures in place, the Company&#8217;s systems, assets and information could experience security breaches that could cause system failures, disrupt
operations, adversely affect safety, result in loss of service to customers and release of sensitive or confidential information. Should such cybersecurity risks materialize, the Company could suffer costs, losses and damage, all or some of which
may not be recoverable through legal, regulatory or other processes. The Company seeks to manage this risk by maintaining a cybersecurity strategy, based on the National Institute of Standards and Technology Cyber Security Framework, to both comply
with relevant regulation and sustain industry best-practice governance and capability.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Energy Consumption Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Typical of utilities, Emera&#8217;s
rate-regulated subsidiaries are affected by demand for energy in the areas in which it operates based upon fluctuations in general economic conditions, such as changes in employment levels, personal disposable income, energy prices and housing
starts.&nbsp; Customers&#8217; focus on energy efficiency also results in changes in energy consumption. Government policies promoting distributed generation and new technology developments enabling those policies, particularly with rooftop solar,
have the potential to impact how electricity enters the system and how it is bought and sold.&nbsp; This could negatively impact operations, net earnings and cash flows.&nbsp; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Energy costs and clean energy options have
increased demand for products enabling the consumers&#8217; ability to self-generate.&nbsp; The Company&#8217;s rate-regulated subsidiaries are actively involved in all aspects of customer demand, energy efficiency and government policy to ensure
that the impact of these activities benefits customers, are not detrimental to the reliability of the energy service the subsidiary provides, and are accommodated through regulations.&nbsp;&nbsp; Additionally, the Company is </font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">monitoring</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> the
evolution of distributed generation and technology through its strategic initiatives.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Foreign Exchange Risk </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company is exposed to foreign currency exchange rate changes.&#160; Emera operates globally, with an increasing amount of the Company&#8217;s adjusted net income
earned outside of Canada.&#160; As such, Emera is exposed to movements in exchange rates between the Canadian dollar and, particularly, the US dollar, which could positively or adversely affect results.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Consistent with the Company&#8217;s risk
management policies, Emera manages currency risks through matching US denominated debt to finance its US operations and uses short-term foreign currency derivative instruments to hedge specific transactions.&#160; The Company enters into foreign
exchange forward and swap contracts to limit exposure on certain foreign currency transactions such as fuel purchases, revenues streams, capital expenditures and capital projects.&#160; The regulatory framework for </font></font>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the Company&#8217;s rate-regulated subsidiaries permits the recovery of prudently incurred
costs, including foreign exchange.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company does not utilize derivative financial instruments for </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">foreign currency </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">trading or speculative
purposes or to hedge the value of its investments in foreign subsidiaries.&#160; Exchange gains and losses on net investments in foreign subsidiaries are included in accumulated other comprehensive income (loss)
(&#8220;AOCI&#8221;).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In 2016, approximately 35 per cent of
Emera&#8217;s adjusted net income was derived from subsidiaries with a US dollar functional currency.&#160; As such, Emera&#8217;s earnings are subject to fluctuations in the Canadian dollar to US dollar exchange rate.</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The
operations of TECO Energy are conducted in US dollars, thus Emera&#8217;s consolidated net income and cash flows are impacted to a greater extent than before the acquisition, by movements in the US dollar relative to the Canadian dollar. The July 1,
2016 acquisition of TECO Energy is expected to increase the percentage of Emera&#8217;s adjusted net income to approximately 70 per cent going forward.&#160;&#160;&#160; In particular, decreases in the value of the US dollar versus the Canadian
dollar, could negatively impact the Company&#8217;s net income as it is reported in Canadian dollars.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Capital Market and Liquidity Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Emera&#8217;s operations and projects in development require significant capital investments in property, plant and
equipment. Consequently, Emera is an active participant in the debt and equity markets. After giving effect to the TECO Energy acquisition, Emera now has total debt of approximately $15 billion.&#160; Any disruption in capital markets could have a
material impact on Emera&#8217;s ability to fund its operations.&#160; Capital markets are global in nature and are affected by numerous events throughout the world economy.&#160; Capital market disruptions could prevent Emera from issuing new
securities or cause the Company to issue securities with less than preferred terms and conditions. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera is subject to
financial risk associated with changes in its credit ratings. &nbsp;There are a number of factors that rating agencies evaluate to determine credit ratings, including the company&#8217;s business and regulatory framework, the ability to recover
costs and earn returns, diversification, leverage, and liquidity.&nbsp;&nbsp;A change to a credit rating as a result of changes in any of these items could result in higher interest rates in future financings, increase borrowing costs under certain
existing credit facilities, limit access to the commercial paper market or limit the availability of adequate credit support for subsidiary operations.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Liquidity risk relates to Emera&#8217;s
ability to ensure sufficient funds are available to meet its financial obligations.&#160; Emera manages this risk by forecasting cash requirements on a continuous basis to determine whether sufficient funds are available.&#160; Liquidity and capital
needs will be financed through internally generated cash flows, short-term credit facilities, and ongoing access to capital markets. The Company reasonably expects liquidity sources to exceed ordinary course capital needs.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Interest Rate Risk</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Emera utilizes a combination of fixed and
floating rate debt financing for operations and capital expenditures, resulting in an exposure to interest rate risk.&#160; Emera seeks to manage interest rate risk through a portfolio approach that includes the use of fixed and floating rate debt
with staggered maturities.&#160; The Company will, from time to time, issue long-term debt or enter into interest rate hedging contracts to limit its exposure to fluctuations in floating interest rate debt.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For Emera&#8217;s regulated subsidiaries,
the cost of debt is a component of rates and prudently incurred debt costs are recovered from customers.&#160; While regulatory ROE will generally follow the direction of interest rates, such that regulatory ROE&#8217;s are likely to fall in times
of reducing interest rates and raise in times of increasing interest rates, albeit not directly and generally with a lag period reflecting the regulatory process.&#160; Rising interest rates may also negatively affect the economic viability of
project development and acquisition initiatives.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">87</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Project Development and Construction Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">ENL&#8217;s investment in the development of
the Maritime Link Project has risks commensurate with any large construction project.&#160; Risks related to large projects can include, but are not limited to, impact on costs from schedule delays, risk of cost overruns, and ensuring compliance
with operating and environmental requirements. Emera deploys robust project and risk management approaches, led by teams with extensive experience in large projects.&#160; Specific to the Maritime Link, there are significant contractual terms in
place protecting Emera and ENL from any exposure to cost overruns to either of Nalcor&#8217;s projects and with specific provisions for Nalcor sharing in cost overruns of the Maritime Link Project.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Emera Energy Marketing and
Trading</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The majority of Emera&#8217;s portfolio of
electricity and gas marketing and trading contracts, and in particular its natural gas asset management arrangements, are contracted on a back-to-back basis, avoiding any material long or short commodity positions.&#160; However, the portfolio is
subject to commodity price risk, particularly with respect to basis point differentials between relevant markets, in the event of an operational issue or counterparty default.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To measure commodity price risk exposure,
Emera employs a number of controls and process, including an estimated value-at-risk (&#8220;VaR&#8221;) analysis of its exposures.&#160; The VaR amount represents an estimate of the potential change in fair value that could occur from changes in
market factors within a given confidence level, if an instrument or portfolio is held for a specified time period.&#160; The VaR calculation is used to quantify exposure to market risk associated with physical commodities, primarily natural gas and
power positions.&#160; The Company&#8217;s commercial arrangements, including the combination of supply and purchase agreements, asset management agreements, pipeline transportation agreements and financial hedging instruments, as well as its credit
policies, counterparty credit assessments, market and credit position reporting, and other risk management and reporting practices, are all used to manage and mitigate this risk. </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Emera Energy Electricity Sales and Non-Regulated Fuel for Generation and Purchased Power</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Emera Energy&#8217;s natural gas fired
plants in the northeastern United States, operating as merchant facilities, are susceptible to the volatility of the New England electricity market and natural gas prices.&#160; Market electricity prices are dependent upon a number of factors,
including the projected supply and demand of electricity, natural gas prices, the price of other materials used to generate electricity, the cost of complying with applicable environmental and other regulatory requirements and weather
conditions.&#160; A material change in any one of these factors can materially affect the profitability of the facilities. The Company takes a strategic approach to hedging the volatility of pricing risk in these markets.&#160; When market prices
are favourable, the Company will typically enter into hedging instruments that effectively fix the price of natural gas and electricity.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Credit Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company is exposed to credit risk with respect to amounts receivable from customers, energy marketing collateral deposits and derivative
assets.&#160; Credit risk is the potential loss from a counterparty&#8217;s non-performance under an agreement.&#160; The Company manages credit risk with policies and procedures for counterparty analysis, exposure measurement, and exposure
monitoring and mitigation.&#160; Credit assessments are conducted on all new customers and counterparties, and deposits or collateral are requested on any high risk accounts.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Country
Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Operating revenues outside of Canada constituted 65 per cent (55 per cent from the US and 10 per cent from the Caribbean) of Emera&#8217;s total operating revenues in 2016
(2015 &#8211; 45 per cent, with 28 per cent from the US and 17 per cent from the Caribbean).&#160; Emera&#8217;s investments are currently in regions where </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">88</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">the political and economic risk levels are considered by the Company to be acceptable.&#160;
Emera&#8217;s operations in some countries may be subject to changes in the rate of economic growth, restrictions on the repatriation of income or capital exchange controls, inflation, the effect of global health, safety and environmental matters or
economic conditions and market conditions, and change in financial policy and availability of credit.&#160; The Company mitigates this risk through a rigorous approval process for investment, and by forecasting cash requirements on a continuous
basis to determine whether sufficient funds are available in all affiliates.</font><u><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></u></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Commercial Relationships
Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">The Company is exposed to commercial relationships risk in respect of its reliance on certain key partners, suppliers and customers.&#160; The Company manages its
commercial relationships risk by monitoring credit risk, as discussed above in Credit Risk, and monitoring of significant developments with its customers, partners and suppliers.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Commodity Price
Risk</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A large portion of the Company&#8217;s fuel
supply comes from international suppliers and is subject to commodity price risk.&#160; The Company manages this risk through established processes and practices to identify, monitor, report and mitigate these risks.&#160; Fuel contracts may be
exposed to broader global conditions, which may include impacts on delivery reliability and price, despite contracted terms.&#160; The Company seeks to manage this risk through the use of financial hedging instruments and physical contracts and
through contractual protection with counterparties, where applicable.&#160; In addition, the adoption and implementation of fuel adjustment mechanisms in its rate-regulated subsidiaries has further helped manage this risk, as the regulatory
framework for the Company&#8217;s rate-regulated subsidiaries permits the recovery of prudently incurred fuel costs.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Future Employee Benefit Plan Performance
and Funding Risk</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Certain Emera subsidiaries have both defined
benefit and defined contribution employee benefit plans that cover their employees and retirees.&nbsp; All defined benefit plans are closed to new entrants, with the exception of the TECO Energy Group Retirement Plan. The cost of providing these
benefit plans varies depending on the plan provisions, interest rates, investment performance and actuarial assumptions concerning the future.&nbsp; Actuarial assumptions include earnings on plan assets, discount rates (interest rates used to
determine funding levels, contributions to the plans and the pension and post-retirement liabilities)&nbsp;and expectations around future salary growth, inflation and mortality. &nbsp;Two of the largest drivers of cost are investment performance and
interest rates, which are affected by global financial and capital markets.&nbsp; Depending on future interest rates and actual versus expected investment performance, Emera could be required to make larger contributions in the future to fund these
plans, which could affect Emera&#8217;s cash flows, financial condition and operations.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Each of Emera&#8217;s employee defined benefit pension plans are managed according to an approved investment policy and governance framework.&nbsp; Emera employs a
long-term approach with respect to asset allocation and each investment policy outlines the level of risk which the Company is prepared to accept with respect to the investment of the pension funds in achieving both the Company&#8217;s fiduciary and
financial objectives. Studies are routinely undertaken every 3 to 5 years with the objective that the plans&#8217; asset allocations are appropriate for meeting Emera&#8217;s long term pension objectives.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Labour Risk</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Certain Emera employees are subject to
collective labour agreements.&#160; Approximately 39 per cent of the full-time and term employees within the Emera labour force are represented by unions.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, approximately 10
per cent of the entire labour force is covered by collective labour agreements that will expire within the next 12 months.&#160; Emera seeks to manage this risk through </font></font>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">89</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">ongoing discussions with local unions.&#160; The Company maintains contingency plans in each of
its operations to manage and reduce the effect of any potential labor disruption.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Information Technology Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera relies on various information technology systems to manage operations.&#160; This subjects Emera to inherent costs and risks associated with maintaining, upgrading,
replacing and changing these systems.&#160; This includes impairment of its information technology, potential disruption of internal control systems, substantial capital expenditures, demands on management time and other risks of delays,
difficulties in upgrading existing systems, transitioning to new systems or integrating new systems into its current systems. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera manages this risk through regular IT
asset lifecycle management, dedicated project teams, executive oversight and appropriate governance structures and strong project management practices.&nbsp;&nbsp; Employees with extensive subject matter expertise assist in planning, project
management, implementation and training.&nbsp; Formal back up and critical incident response practices ensure that continuity is maintained in the event of any disruptions or incidents.&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Enterprise Resource Planning
(&#8220;ERP&#8221;) Implementation Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Certain Emera affiliates are in the process of updating their financial information systems through the implementation of an integrated ERP system.&nbsp; There are risks
associated with this project, and the Company has adopted a detailed plan to address the risks inherent in the implementation process.&nbsp; The implementation of an ERP system will require the investment of significant financial and human
resources.&nbsp; Disruptions, delays or deficiencies in the design and implementation of the new ERP system could affect Emera&#8217;s ability to monitor its business, pay its suppliers and prepare its financial statements accurately and on a timely
basis.&nbsp; Emera manages this risk through a dedicated project team, with executive oversight and a detailed governance structure.&nbsp; Consultants, with extensive ERP expertise, have and will continue to assist in planning, design, project
management, implementation and training.&nbsp; The expected implementation date is in late 2017.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">System Operating and Maintenance Risks</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The safe and reliable
operation of electric generation and electric and natural gas transmission and distribution systems is critical to Emera&#8217;s operations.&#160;&#160; There are a variety of hazards and operational risks inherent in operating electric utilities
and natural gas transmission and distribution pipelines.&#160; Electric generation, transmission and distribution operations can be impacted by risks such as mechanical failures, activities of third parties, damage to facilities and infrastructure
caused by hurricanes, storms, falling trees, lightning strikes, floods, fires and other natural disasters.&#160; Natural gas pipeline operations can be impacted by risks such as leaks, explosions, mechanical failures, activities of third parties and
damage to the pipelines facilities and equipment caused by hurricanes, storms, floods, fires and other natural disasters.&#160; Electric utility and natural gas transmission and distribution pipeline operation interruption could negatively affect
revenue, earnings, and cash flows as well as customer and public confidence.&#160; Emera manages these risks by investing in a highly skilled workforce, operating prudently, preventative maintenance and making effective capital
investments.&#160;&#160; Insurance, warranties, or recovery through regulatory mechanisms may not cover any or all of these losses, which could adversely affect the Company&#8217;s results of operations and cash flows.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:justify;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Income Tax
Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The computation of the Company&#8217;s provision for income taxes is impacted by changes in tax legislation in Canada, the United States and the
Caribbean. &nbsp;Any such changes could affect the Company&#8217;s future earnings, cash flows, and financial position. The value of Emera&#8217;s existing deferred tax benefits are determined by existing tax laws and could be negatively impacted by
changes in laws. &nbsp;&#8220;Comprehensive tax reform&#8221; remains a topic of discussion in the U.S. Congress.&nbsp; Such legislation could significantly alter the existing tax code, including a reduction in the corporate income tax rate.&nbsp;
Although a reduction in the </font></font>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">90</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">corporate income tax rate could result in lower future tax expense and tax payments, it would
also reduce the value of the Company&#8217;s existing deferred tax assets and could result in a charge to earnings if written down. Emera monitors the status of existing tax laws to ensure that changes impacting the Company are appropriately
reflected in the Company&#8217;s tax compliance filings and financial results.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Uninsured Risk</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera and its subsidiaries maintain insurance to cover accidental loss suffered to its facilities, and to provide indemnity in the event of
liability to third parties.&#160; This is consistent with Emera&#8217;s risk management policies.&nbsp; There are certain elements of Emera&#8217;s operations which are not insured.&#160; These include a significant portion of its electric
utilities&#8217; transmission and distribution assets, as is customary in the industry.&#160; The cost of this coverage is not economically viable.&nbsp; In addition, Emera accepts deductibles and self-insured retentions under its various insurance
policies.&nbsp; Insurance is subject to coverage limits as well as time sensitive claims discovery and reporting provisions and there can be no assurance that the types of liabilities or losses that may be incurred by the Company and its
subsidiaries will be covered by insurance.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The occurrence of significant uninsured claims, claims in excess of the insurance coverage limits maintained by Emera and its subsidiaries or claims that fall within a
significant self-insured retention could have a material adverse effect on Emera&#8217;s results of operations, cash flows and financial position, if regulatory recovery is not available.&nbsp; A limited portion of Emera&#8217;s property and
casualty insurance is placed with a wholly owned captive insurance company.&#160; If a loss is suffered by the captive insurer, it is not able to recover that loss other than through future premiums.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company mitigates its uninsured risk by
ensuring&nbsp;that insurance limits align with risk exposures, and for uninsured assets and operations, that appropriate risk assessments and&nbsp;mitigation measures are in place. The regulatory framework for the Company&#8217;s rate-regulated
subsidiaries permits the recovery of prudently incurred costs, including uninsured losses.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">RISK MANAGEMENT INCLUDING FINANCIAL INSTRUMENTS </font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s risk management policies and procedures provide a framework through which management monitors various risk exposures.&#160; The risk management policies and
practices are overseen by the Board of Directors.&#160; The Company has established a number of processes and practices to identify, monitor, report on and mitigate material risks to the Company.&#160; This includes establishment of the Enterprise
Risk Management Committee, whose responsibilities include preparing and updating a &#8220;Risk Dashboard&#8221; for the Board of Directors on a quarterly basis.&#160; Furthermore, a corporate team independent from operations is responsible for
tracking and reporting on market and credit risks.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company manages its exposure to normal operating and market risks relating to commodity prices, foreign exchange and interest rates through contractual protections
with counterparties where practicable, as well as by using financial instruments consisting mainly of foreign exchange forwards and swaps, interest rate options and swaps, and coal, oil and gas futures, options, forwards and swaps. In addition, the
Company has contracts for the physical purchase and sale of natural gas.&#160; Collectively, these contracts and financial instruments are considered &#8220;derivatives&#8221;.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recognizes the fair value of all
its derivatives on its balance sheet, except for non-financial derivatives that meet the normal purchases and normal sales (&#8220;NPNS&#8221;) exception.&#160; A physical contract generally qualifies for the NPNS exception if the transaction is
reasonable in relation to the Company&#8217;s business needs, the counterparty owns or controls resources within the proximity to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems
the counterparty creditworthy.&#160; The Company continually assesses contracts designated under the NPNS </font></font>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">91</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">exception and will discontinue the treatment of these contracts under this exemption where the
criteria are no longer met.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives qualify for hedge accounting if
they meet stringent documentation requirements, and can be proven to effectively hedge the identified risk both at the inception and over the term of the instrument.&#160; Specifically, for cash flow hedges, the effective portion of the change in
the fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is realized.&#160; Any ineffective portion of the change in the fair value of the cash flow hedges is recognized in net income in
the reporting period.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Where the documentation or effectiveness
requirements are not met, the derivatives are recognized at fair value, with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives entered into by Tampa Electric,
PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for which the NPNS exception has not been taken, are subject to regulatory accounting treatment.&#160; These derivatives are recorded at fair value on the balance sheet as
derivative assets or liabilities. The change in fair value of the derivatives is deferred to a regulatory asset or liability.&#160; The realized gain or loss is recognized when the hedged item settles in regulated fuel for generation and purchased
power, inventory or property, plant and equipment, depending on the nature of the item being economically hedged.&#160; Management believes that any gains or losses resulting from settlement of these derivatives be refunded to or collected from
customers in future rates.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives that do not meet any of the
above criteria are designated as HFT and are recognized on the balance sheet at fair value.&#160; All gains or losses are recognized in net income of the period unless deferred as a result of regulatory accounting.&#160; The Company has not elected
to designate any derivatives to be included in the HFT category when another accounting treatment applies.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Hedging Items Recognized on the Balance Sheets</font></b></p> </td>
<td nowrap valign=top width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has the following categories on the balance sheet related to derivatives in valid hedging relationships:&#160; </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instrument assets (current and other assets)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instrument liabilities (current and long-term liabilities)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(46)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net derivative instrument assets (liabilities)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(26)&nbsp;
</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">92</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_93"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Hedging Impact Recognized in Net Income</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recognized gains (losses) related to the effective portion of hedging relationships under the following categories:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Effective net gains (losses)&#160; </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(11)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The effective net gains (losses) reflected in the above table would be offset in net income by the hedged item realized in the period.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory Items Recognized on the Balance Sheets</font></b></p> </td>
<td nowrap valign=top width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has the following categories on the balance sheet related to derivatives receiving regulatory deferral:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instrument assets (current and other assets)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
229</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
210</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory assets (current and other assets)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 64</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instrument liabilities (current and long-term liabilities)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(64)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory liabilities (current and long-term liabilities)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(231)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(210)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net asset (liability)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory Impact Recognized in Net
Income</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recognized the following net
gains (losses) related to derivatives receiving regulatory deferral as follows:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the </font></p> </td>
<td colspan=4 valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel for generation and purchased power
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net gains (losses) </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=5 width=100% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&#160; Realized gains (losses) on derivative instruments settled and consumed in the period, hedging relationships that have been terminated or the hedged
transaction is no longer probable.&#160; Realized gains (losses) recorded in inventory will be recognized in &#8220;Regulated fuel for generation and purchased power&#8221; when the hedged item is consumed.</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Held-for-trading Items Recognized on the Balance Sheets</font></b></p> </td>
<td nowrap valign=top width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has the following categories on the balance sheet related to HFT derivatives:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instruments assets (current and other assets)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
37</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instruments liabilities (current and long-term liabilities)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(434)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(332)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net derivative instrument assets (liabilities)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(397)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(236)&nbsp;
</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">93</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_94"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Held-for-trading Items Recognized in Net Income</font></b></p> </td>
<td nowrap valign=top width=6% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:18.75pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:18.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has recognized the following realized and unrealized gains (losses) with respect to HFT derivatives in net income:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated operating revenues</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
68</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net gains (losses)&#160; </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
59</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Derivatives Recognized on the Balance Sheets</font></b></p> </td>
<td nowrap valign=top width=6% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has the following categories on the balance sheet related to other derivatives:&#160; </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=bottom width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=bottom width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instrument assets (current and other assets)</font></p> </td>
<td valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instrument liabilities (current and long-term liabilities)</font></p> </td>
<td valign=bottom width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=bottom width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net derivative instrument assets (liabilities)</font></p> </td>
<td valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 89</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Derivatives Recognized in Net Income</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td colspan=5 width=100% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recognized in net income the following gains (losses) related to other derivatives:&#160; </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expense)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(87)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=58% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gains (losses) </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(85)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 89</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">DISCLOSURE AND INTERNAL
CONTROLS</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company, under the supervision and
participation of management, including the Chief Executive Officer and Chief Financial Officer, has designed as at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, disclosure controls and procedures (&#8220;DC&amp;P&#8221;) and internal controls over financial reporting (&#8220;ICFR&#8221;) as defined in National Instrument 52-109
Certification of Disclosure in Issuers&#8217; Annual and Interim Filings (&#8220;NI 52-109&#8221;).</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Chief Executive Officer and Chief Financial Officer have caused to be evaluated under their supervision, with the assistance of Company employees, the effectiveness of
the Company&#8217;s DC&amp;P and ICFR, and based on that evaluation, have concluded DC&amp;P and ICFR were effective as at December 31,
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">There have been no changes in Emera or its
consolidated subsidiaries&#8217; ICFR during the period beginning on January 1, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and ending on December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which have materially affected or are reasonably likely to materially affect ICFR except as outlined below.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Limitation on Scope of
Design</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NI 52-109 permits a business that the issuer
acquires not more than 365 days before the issuer&#8217;s financial year-end to be excluded from its scope of certifications.&nbsp; The Company has limited the scope of design of DC&amp;P and ICFR to exclude controls, policies and procedures
relating to TECO Energy </font></font>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">94</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(including its holdings Tampa Electric, PGS and NMGC) which was acquired on July 1, 2016 (refer
to note 5 of the Company&#8217;s&nbsp; annual audited consolidated financial statements for segmented financial information).&nbsp; Tampa Electric Company, an affiliate of TECO Energy, continues to annually evaluate the effectiveness of its DC&amp;P
quarterly, and ICFR, in accordance with the Sarbanes Oxley Act of 2002.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">CRITICAL ACCOUNTING ESTIMATES</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The preparation of consolidated financial statements in accordance with generally accepted
accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting
periods.&#160; Management evaluates the Company&#8217;s estimates on an ongoing basis based upon historical experience, current conditions and assumptions believed to be reasonable at the time the assumption is made.&#160; </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Significant areas requiring the use of management estimates relate to rate-regulated assets and liabilities, pension and post-retirement benefits, unbilled
revenue, useful lives for depreciable assets, goodwill and long-lived assets impairment assessments, income taxes, asset retirement obligations (&#8220;ARO&#8221;), capitalized overhead and valuation of financial instruments.&#160; Actual results
may differ significantly from these estimates.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Rate Regulation</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The rate-regulated accounting policies of Tampa Electric, PGS,
NMGC, NSPI, Emera Maine, BLPC, Domlec, GBPC, and Brunswick Pipeline may differ from accounting policies for non-rate-regulated companies, which are subject to examination and approval by their respective regulators.&#160; These accounting policy
differences occur when the regulators render their decisions on rate applications or other matters, and generally involve a difference in the timing of revenue and expense recognition.&#160; The accounting for these items is based on the expectation
of the future actions of the regulators. The assumptions and judgments used by regulatory authorities continue to have an impact on the recovery of costs, the rate earned on invested capital and the timing and amount of assets to be
recovered.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">As required by their respective regulators, Tampa Electric, PGS, NMGC and NSPI recognize non-ARO costs of removal as regulatory liabilities. &#160;The non-ARO costs of removal represent
estimated funds received from customers through depreciation rates to cover future non-legally required cost of removal of property, plant and equipment upon retirement.&nbsp; The companies accrue for removal costs over the life of the related
assets based on depreciation studies approved by their respective regulators. The costs are estimated based on historical experience and future expectations, including expected timing and estimated future cash outlays.&#160; The application of
regulatory accounting guidance is a critical accounting policy since a change in these assumptions may result in a material impact on reported assets, liabilities and the results of operations.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera has
recorded </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$1,322 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> -
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$699&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million) of regulatory assets and </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">$1,639&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(2015 - $465</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million) of regulatory liabilities as at December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016.&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Pension and Other Post-Retirement Employee Benefits </font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company provides post-retirement benefits to employees,
including defined benefit pension plans.&#160; The cost of providing these benefits is dependent upon many factors that result from actual plan experience and assumptions of future experience.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company believes that the accounting related to employee
post-retirement benefits is a critical accounting estimate.&#160; Changes in the estimated benefit obligation, affected by employee demographics, including age, compensation levels, employment periods, contribution levels and earnings could have a
</font>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">95</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">material impact on reported assets, liabilities, accumulated other comprehensive income and results of operations.&#160; Changes in key
actuarial assumptions, including anticipated rates of return on plan assets and discount rates used in determining the accrued benefit obligation and benefit costs could change the annual pension funding requirements.&#160; This could have a
significant impact on the Company&#8217;s annual cash requirements.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The pension plan assets are comprised primarily of equity and fixed income investments.&#160; Fluctuations in actual equity market returns
and changes in interest rates may result in increased or decreased pension costs in future periods.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera&#8217;s accounting policy is to amortize the net actuarial gain or loss, which exceeds 10 per cent of the greater of the projected
benefit obligation / accumulated post-retirement benefit obligation (&#8220;PBO&#8221;) and the market-related value of assets, over active plan members&#8217; average remaining service period, which is currently 8.5 years.&#160; Emera&#8217;s use
of smoothed asset values further reduces the volatility related to the amortization of actuarial investment experience.&#160; As a result, the main cause of volatility in reported pension cost is the discount rate used to determine the PBO.
</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The discount rate used to determine benefit costs is based on the yield of high quality long-term corporate bonds in each operating
entity&#8217;s country and is determined with reference to bonds which have the same duration as the PBO as at January 1 of the fiscal year.&#160; The following table shows the discount rate for benefit cost purposes and the expected return on plan
assets for each plan:&#160; &#160;&#160;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <div align=left>
<table border=1 cellpadding=0 cellspacing=0 style="border:none;border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td colspan=6 valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate for benefit cost purposes</font></b></p> </td>
<td colspan=3 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected return on plan assets</font></b></p> </td>
<td colspan=3 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate for benefit cost purposes</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected return on plan assets</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy Group Retirement Plan</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.72</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.00</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy Group Supplemental Executive Retirement Plan</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.64</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; N/A</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">&nbsp;</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy Group Benefit Restoration Plan</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.12</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">&nbsp;</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy Postretirement Health and Welfare Plan</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.85</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">&nbsp;</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New Mexico Gas Company Retiree Medical Plan</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.85</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.75</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI </font><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.00</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.75</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.00</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.75</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bangor Hydro </font><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:7.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.25</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.75</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.91</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.50</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">MPS </font><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.10</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.75</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.77</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.50</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GBPC</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.75</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160; &#160;6.00&nbsp;</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.75</font></p> </td>
<td colspan=2 valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160; 6.00 </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr height=0>
<td width=36% style="border:none;">&nbsp;</td>
<td width=14% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td>
<td width=12% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td>
<td width=12% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td>
<td width=12% style="border:none;">&nbsp;</td>
<td width=2% style="border:none;">&nbsp;</td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">(1)</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">Prior to December 31, 2016, the discount rate for NSPI was rounded to the nearest 25 basis
points.&#160; Effective December 31, 2016 the discount rate for NSPI will be unrounded.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">(2)</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;">Effective January 1, 2014, Bangor Hydro Electric Company and Maine Public Service Company merged to become Emera Maine.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Based on management&#8217;s estimate, the reported benefit
cost for defined benefit and defined contribution plans is $90 million in</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> 2016.</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; The
reported benefit cost is impacted by numerous assumptions, including the discount rate and asset return assumptions.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
following shows the impact on </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> benefit cost of a 25 basis point change (0.25 per
cent) in the discount rate and asset return assumptions: </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr>
<td valign=top width=41% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=30% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">0.25% Increase</font></p> </td>
<td colspan=2 valign=top width=29% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">0.25% Decrease</font></p> </td> </tr>
<tr>
<td valign=top width=41% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of dollars</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr>
<td valign=top width=41% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate assumption</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$(7)</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$(5)</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$7</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$5</font></p> </td> </tr>
<tr>
<td valign=top width=41% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset return assumption</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$(4)</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$(3)</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$4</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$3</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Unbilled Revenue </font></b></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">96</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_97"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electric revenues are billed on a systematic basis over a one or two-month period for NSPI and a one-month period for Tampa Electric, PGS,
NMGC, Emera Maine, BLPC, GBPC and Domlec.&#160; At the end of each month, the Company must make an estimate of energy delivered to customers since the date their meter was last read and of related revenues earned but not yet billed.&#160; The
unbilled revenue is estimated based on several factors, including current month&#8217;s generation, estimated customer usage by class, weather, line losses and applicable customer rates.&#160; EUS includes an estimate of work completed under
contracts but not yet billed at the end of each month.&#160; Based on the extent of the estimates included in the determination of unbilled revenue, actual results may differ from the estimate.&#160; As at December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, unbilled revenues amount to $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">270&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &#8211; $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">144&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million) on a base of annual operating revenues of $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">4,277&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &#8211; $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2,789&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million).</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Property, Plant and Equipment</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Property,
plant and equipment represents </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">59 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">per cent of total assets on the Company&#8217;s balance
sheet.&#160; Included in &#8220;Property, plant and equipment&#8221; are the generation, transmission and distribution and other assets of the Company.&#160; Due to the magnitude of the Company&#8217;s property, plant and equipment, changes in
estimated depreciation rates can have a material impact on depreciation expense.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Depreciation is determined by the straight-line method, based on the estimated
remaining service lives of the depreciable assets in each category.&#160; The service lives of regulated property, plant and equipment are determined based on formal depreciation studies and require the appropriate regulatory approval.&#160;
</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Depreciation expense was $560 million for the year ended December 31,</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2016 (2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; $296 million)</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Goodwill Impairment Assessments</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Goodwill is subject to an annual assessment for impairment at
the reporting unit level.&#160; Reporting units are generally determined at the operating segment level or one level below the operating segment level.&#160; Reporting units with similar characteristics are grouped for the purpose of determining
impairment, if any, of goodwill. &#160;Entities assessing goodwill for impairment have the option of first performing a qualitative assessment to determine whether a quantitative assessment is necessary.&#160; If an entity performs the qualitative
assessment, but determines that it is more likely than not that its fair value is less than its carrying amount or if an entity bypasses the qualitative assessment, a quantitative two-step, fair value-based test is performed.&#160; The first step
compares the fair value of the reporting unit to its carrying amount, including goodwill.&#160; If the carrying amount of the reporting unit exceeds its fair value, the second step is performed.&#160; The second step requires an allocation of fair
value to the individual assets and liabilities using purchase price allocation accounting guidance in order to determine the implied fair value of goodwill.&#160; If the implied fair value of goodwill is less than the carrying amount, an impairment
loss is recorded as a reduction to goodwill and a charge to operating expense.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Application of the goodwill impairment test requires management judgment.&#160; Significant assumptions used in these fair value analyses
include discount and growth rates, rate case assumptions, valuation of </font><font style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">net operating losses, </font></font><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">utility sector market performance and transactions, projected operating and capital cash flows for the relevant business and the fair value of debt.&#160; In applying the second step (when
required), management must estimate the fair value of specific assets and liabilities of the reporting unit.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">At December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, the Company had goodwill with a total carrying amount of $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">6,213&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million (December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
&#8211; $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">264&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> million), representing the excess of the acquisition purchase price for
TECO</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> Energy, </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Maine and GBPC
</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">over the fair values assigned to individual assets acquired and liabilities assumed. &#160;As a result of the acquisition of TECO Energy on July 1, 2016, additional goodwill of
$5,771 million was recognized by the Company. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Determining the fair market value of goodwill is susceptible to changes from period
to period as assumptions about future cash flows are required.&#160; Adverse regulatory actions, such as significant </font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">97</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">reductions in the allowed ROE at Tampa Electric, PGS, NMGC, Emera Maine or GBPC could negatively impact goodwill in the
future.&#160; In addition, changes in significant assumptions, including growth rates, utility sector market performance and transactions, projected operating and capital cash flows from the affiliates businesses, could also negatively impact
goodwill in the future.&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">No impairment provisions with respect to goodwill were required for either</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">or </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015.&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Long-Lived Assets Impairment Assessments</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In accordance with accounting guidance for long-lived
assets, the Company assesses whether there has been an impairment of long-lived assets and certain intangibles held and used when such indicators exist.&#160; The Company reviews all long-lived assets in the last quarter of each year to ensure that
any gradual change over the year and the seasonality of the markets are considered when determining which assets require an impairment analysis.&#160; However, in the case of a triggering event, such as a significant market disruption or sale of a
business, the values of related long-lived assets are reviewed. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company believes accounting estimates related to asset impairments are critical estimates for the following reasons: 1) the estimates are highly susceptible to change, as management is
required to make assumptions based on expectations of the results of operations for significant/indefinite future periods and/or the current market conditions in such periods; 2) markets can experience significant uncertainties; 3) the estimates are
based on the ongoing expectations of management regarding probable future uses and holding periods of assets; and 4) the impact of an impairment on reported assets and earnings could be material. The Company&#8217;s assumptions relating to future
results of operations or other recoverable amounts are based on a combination of historical experience, fundamental economic analysis, observable market activity and independent market studies. The Company&#8217;s expectations regarding uses and
holding periods of assets are based on internal long-term budgets and projections, which give consideration to external factors and market forces, as of the end of each reporting period. The assumptions made are consistent with generally accepted
industry approaches and assumptions used for valuation and pricing activities.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">No impairment provisions with respect to long-lived assets were required for either </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">or </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&#160;&#160;&#160; &nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Income Taxes</font></b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;"> &nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income
taxes are determined based on the expected tax treatment of transactions recorded in the consolidated financial statements.&#160; In determining income taxes, tax legislation is interpreted in a variety of jurisdictions, the likelihood that deferred
tax assets will be recovered from future taxable income is assessed and assumptions about the expected timing of the reversal of deferred tax assets and liabilities are made.&#160; Uncertainty associated with the application of tax statutes and
regulations and the outcomes of tax audits and appeals requires judgments and estimates be made in the accrual process and in the calculation of effective tax rates.&#160; Only income tax benefits that meet the &#8220;more likely than not&#8221;
threshold may be recognized or continue to be recognized.&#160; Unrecognized tax benefits are re-evaluated quarterly and changes are recorded based on new information, including the issuance of relevant guidance by the courts or tax authorities and
developments occurring in the examinations of the Company&#8217;s tax returns.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company believes that the accounting estimate related to income taxes is a critical estimate for the following reasons: 1) realization
of deferred tax assets is dependent upon the generation of sufficient taxable income, both operating and capital, in future periods; 2) a change in the estimated valuation allowance could have a material impact on reported assets and results of
operations; and 3) administrative actions of the tax authorities&#8217; changes in tax law or regulation, and the uncertainty associated with the application of tax statutes and regulations could change our estimate of income taxes, including the
potential for elimination or reduction of our ability to realize tax benefits and to utilize deferred tax assets.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Asset Retirement Obligations</font></b></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">98</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_99"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">An ARO is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a
long-lived asset.&#160; A legal obligation may exist under an existing or enacted law or statute, written or oral contract, or by legal construction under the doctrine of promissory estoppel.&#160; The measurement of the fair value of AROs requires
the Company to make reasonable estimates concerning the method and timing of settlement associated with the legally obligated costs. There are also uncertainties in estimating future asset-retirement costs due to potential events, such as changing
legislation or regulations and advances in remediation technologies.&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">An ARO represents the fair value of the estimated cash flows necessary to discharge the future obligation using the Company&#8217;s credit-adjusted risk free rate.&#160;
The amounts are reduced by actual expenditures incurred.&#160; Estimated future cash flows are based on completed depreciation studies, remediation reports, prior experience, estimated useful lives and governmental regulatory requirements.&#160; The
present value of the liability is recorded and the carrying amount of the related long-lived asset is correspondingly increased.&#160; The amount capitalized at inception is depreciated in the same manner as the related long-lived asset.&#160; Over
time, the liability is accreted to its estimated future value.&#160; Accretion expense is included as part of &#8220;Depreciation and amortization&#8221;.&#160; Any accretion expense not yet approved by the regulator is deferred to a regulatory
asset in &#8220;Property, plant and equipment&#8221; and included in the next depreciation study.&#160; Accordingly, changes to the ARO or cost recognition attributable to changes in the factors discussed above, should not impact the results of
operations of the Company.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Some transmission and distribution assets may have conditional AROs, which are
required to be estimated and recorded as a liability.&#160; A conditional ARO refers to a legal obligation to perform an asset retirement activity in which the timing and/or method of settlement are conditional on a future event that may or may not
be within the control of the entity.&#160; Management monitors these obligations and a liability is recognized at fair value when an amount can be determined.&#160; </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The key assumptions used to determine the ARO are as follows:</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;margin-left:.9pt;width:100%;">
<tr>
<td valign=bottom width=24% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset</font></p> </td>
<td colspan=2 valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Credit-adjusted</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">risk-free rate</font></p> </td>
<td colspan=2 valign=bottom width=25% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Estimated undiscounted future obligation</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(millions of dollars)</font></p> </td>
<td colspan=2 valign=bottom width=26% style="border-bottom:solid windowtext 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;padding:0in 5.4pt 0in 5.4pt;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected </font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">settlement date </font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(number of years)</font></p> </td> </tr>
<tr>
<td valign=top width=24% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr>
<td valign=top width=24% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Thermal</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.4 </font></b><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#8211; </font><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.3%&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.1 &#8211; 5.3%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$265</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$143</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">11 &#8211; 27&#160; </font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">17 &#8211; 28&#160; </font></p> </td> </tr>
<tr style="height:5.75pt;">
<td valign=top width=24% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Hydro </font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.1 </font></b><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#8211; </font><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.3%&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.1 &#8211; 5.3%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">128</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">128</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">14 &#8211; 45&#160; </font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:5.75pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">16 &#8211; 46&#160; </font></p> </td> </tr>
<tr style="height:11.25pt;">
<td valign=top width=24% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Wind</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.2%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.2%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">27</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">27</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12 &#8211; 19 </font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">13 &#8211; 20 </font></p> </td> </tr>
<tr style="height:11.25pt;">
<td valign=top width=24% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Combustion turbines</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.1 </font></b><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#8211; </font><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.3%&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.1 &#8211; 5.3%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7 &#8211; 29 </font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:11.25pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1 &#8211; 30 </font></p> </td> </tr>
<tr>
<td valign=top width=24% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission &amp; distribution</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.1 </font></b><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#8211; </font><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.8%&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.3 &#8211; 5.8%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">13</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">22</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1 &#8211; 33 </font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1 &#8211; 10 </font></p> </td> </tr>
<tr>
<td valign=top width=24% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pipeline</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.8 &#8211; 4.4%</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.8%</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">19</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">18</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8 &#8211; 17.5</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">18.5</font></p> </td> </tr>
<tr>
<td valign=top width=24% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$460</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$346</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid windowtext 1.5pt;padding:0in 5.4pt 0in 5.4pt;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31</font><font
face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">,&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">, the</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> AROs recorded on the balance sheet were $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">170&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">109&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million).&#160; The Company estimates the undiscounted amount of cash flow required to settle the obligations is approximately $455 million, which will be incurred
between 2017 and 2061.&#160; The majority of these costs will be incurred between 2028 and 2050.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Capitalized Overhead</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As required by their respective regulators, Tampa Electric, PGS, NMGC, NSPI, Emera
Maine, GBPC, BLPC and Domlec capitalize overhead costs that are not directly attributable to specific utility assets, but to the overall capital expenditure program.&#160; The methodology for the calculation of capitalized overhead is approved by
their respective regulator.&#160; For the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016, </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$111 million of overhead costs (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $72 million) were capitalized to capital assets.&#160; Any change in the methodology for the calculation and allocation of overhead costs could have a material
impact on the amounts recognized as expenses versus assets.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">99</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_100"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Financial Instruments</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera is required to determine the fair value of all derivatives except those which qualify for the normal purchase, normal sale exception.&#160; Fair value is the price
that would be received for the sale of an asset or paid to transfer a liability in an orderly arms-length transaction between market participants at the measurement date. Fair value measurements are required to reflect the assumptions that market
participants would use in pricing an asset or liability based on the best available information, including the risks inherent in a particular valuation technique, such as a pricing model, and the risks inherent in the inputs to the model.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Level Determinations and Classifications</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera uses the Level 1, 2, 3 and NAV classifications in the fair value
hierarchy.&#160; The fair value measurement of a financial instrument is included in only one of the three levels and is based on the lowest level input significant to the derivation of the fair value.&#160; Fair values are determined, directly or
indirectly, using inputs that are unobservable for the asset or liability.&#160; In limited circumstances, Emera may enter into commodity transactions involving non-standard features where market observable data is not available, or contracts with
terms that extend beyond five years.</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">CHANGES IN ACCOUNTING POLICIES AND PRACTICES</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_e196ee891b784483a68c5c326"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The new USGAAP accounting policies that are applicable to, and were adopted by the Company in 2016, with no material impact on its consolidated financial statements, are
described as follows: </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Consolidation</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In February 2015, the Financial Accounting
Standards Board (&#8220;FASB&#8221;) issued Accounting Standard Update (&#8220;ASU&#8221;) 2015-02, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Consolidation, </font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">which changes the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities.&#160; Some of the more notable
amendments are (1) the identification of variable interests when fees are paid to a decision maker or service provider, (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary
determination.&#160; All legal entities were subject to re-evaluation under the revised consolidation model.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest &#8211; Imputation of Interest</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In April 2015, the FASB issued&nbsp;ASU 2015-03,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest &#8211; Imputation of Interest</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which simplifies
the presentation of debt issuance costs.&nbsp; The amendments require debt issuance costs be presented on the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.&#160; The
recognition and measurement guidance for debt issuance costs is not affected.&nbsp; The Company adopted this standard in Q1 2016 and December 31, 2015 balances have been retrospectively restated.&#160; This change resulted in $62 million of debt
issuance costs, as at December 31, 2015, previously presented as &#8220;Other long-term assets&#8221;, being reclassified as a deduction from the carrying amount of the related long-term debt and &#8220;Convertible debentures&#8221; on its
Consolidated Balance Sheets.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In accordance with ASU 2015-15 </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest: Imputation of Interest</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, the Company continues to present debt issuance costs related to its revolving credit facilities and related instruments in &#8220;Other long-term assets&#8221; on its
Consolidated Balance Sheets. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Retirement Benefits</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In April 2015, the FASB issued ASU 2015-04,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Retirement Benefits, </font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">which is part of
FASB&#8217;s initiative to reduce complexity in accounting standards.&nbsp; This standard provides certain practical expedients for defined benefit pension or other post-retirement benefit plan measurement dates.&#160; </font></font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">100</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_101"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Intangibles </font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;</font></b></font><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Goodwill and Other </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Internal-Use
Software</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In April
2015, the FASB issued ASU 2015-05,</font><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></b><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Intangibles
</font></i><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;&nbsp;</font></b><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Goodwill and Other </font></i><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;&nbsp;</font></b><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Internal-Use Software, </font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">which provides guidance to customers about whether a cloud computing arrangement includes a software license.&nbsp; If a cloud computing arrangement includes a software
license, the customer would account for the software license element of the arrangement consistent with the acquisition of other software licenses. &nbsp;If a cloud computing arrangement does not include a software license, the customer would
account for the arrangement as a service contract.&nbsp; The guidance does not change USGAAP for a customer&#8217;s accounting for service contracts.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Inventory &#8211; Simplifying the
Measurement of Inventory</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In July 2015, the FASB issued&nbsp;ASU
2015-11, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Inventory&nbsp;</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; </font><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Simplifying the Measurement of Inventory</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The amendments require an
entity to measure inventory </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">at the lower of cost or net realizable value, whereas previously, inventory was measured at the lower of cost or
market.&#160; The Company early adopted in 2016, as permitted.&nbsp; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives and Hedging &#8211; Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In March 2016, the FASB issued ASU 2016-05,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives and Hedging Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard clarifies that a change in the counterparty to a derivative contract, in and of itself, does not require the de-designation of a hedging relationship
provided that all other hedge ac</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">counting criteria continue to be met.&#160; The Company early adopted in 2016, as permitted.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investments &#8211; Equity Method and
Joint Ventures</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In
March 2016, the FASB issued&nbsp;ASU 2016-07, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investments &#8211; Equity Method and Joint Ventures</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which is part of FASB&#8217;s initiative to reduce complexity in accounting standards.&#160; This standard eliminates the requirements of an investor to retroactively
account for an investment under the equity method when an </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">investment qualifies for equity method accounting.&#160; The Company early adopted in
2016, as permitted.</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp; &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Stock Compensation
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In March 2016, the
FASB issued ASU 2016-09, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Stock Compensation</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, accounting for forfeitures, classification of
awards as either equity or liabilities and presentation on the </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">statement of cash flows.&#160; The Company early adopted in 2016, as
permitted.&#160; </font></font><a name="xbrl_ts_e196ee891b784483a68c5c326_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:14.0pt;line-height:normal;">Future Accounting Pronouncements</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fd19eabf28954cc194c460713"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company considers the applicability and impact of all ASUs issued by FASB.&#160; The following updates have been issued by FASB, but have not yet been adopted by
Emera.&#160; Any ASUs not included below were assessed and determined to be either not applicable to the Company or have minimal impact on the consolidated financial statements.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenue from Contracts with
Customers</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In May 2014,
the FASB issued ASU 2014-09, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenue from Contracts with Customers</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which creates a new, principle-based revenue recognition framework, which has been codified as ASC Topic 606.&nbsp; The FASB issued amendments to ASC Topic 606 during
2016 to clarify certain implementation guidance and to reflect narrow scope improvements and practical expedients.&#160; The core principle is that a company should recognize revenue when it transfers promised goods or services to customers in an
amount that reflects the consideration to which the company expects to be entitled to.&nbsp; The guidance will require additional disclosures regarding the nature, amount, timing and uncertainty of revenue and related cash flows arising from
contracts with customers.&nbsp; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017 and will allow for either full retrospective adoption or modified
retrospective adoption.&nbsp; The Company will adopt this guidance effective January 1, 2018.&nbsp; The Company has implemented a project plan and is in the process </font></font>
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<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">of evaluating the impact of adoption of this standard on its consolidated financial statements
and disclosures.&#160; This includes evaluating the available adoption methods, accounting for contributions in aid of construction and contract acquisition costs, the impact of collectability risk, unique contract characteristics in the
Company&#8217;s non-regulated businesses and disclosure requirements.&#160; The Company is also monitoring the assessment of ASC Topic 606 by the AICPA Power and Utilities Revenue Recognition Task Force.&#160; The ultimate impact of the adoption of
ASC Topic 606, and the method of adoption, has not yet been finalized.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Recognition and Measurement of Financial Assets and Financial Liabilities</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In January 2016, the FASB issued&nbsp;ASU
2016-01, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Financial Instruments </font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Recognition and Measurement of Financial Assets and Financial
Liabilities</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The standard provides guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities.&nbsp;
This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017. &nbsp;The Company is currently evaluating the impact of adoption of this standard on its consolidated
financial statements.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Leases</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In February 2016, the FASB issued&nbsp;ASU
2016-02, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Leases.</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp; The standard, codified as ASC Topic
842, increases transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet for leases with terms of more than 12 months.&nbsp; Under the existing guidance, operating leases are not recorded as
lease assets and lease liabilities on the balance sheet.&nbsp; The effect of leases on the Consolidated Statements of Income and the Consolidated Statements of Cash Flows is largely unchanged.&nbsp; The guidance will require additional disclosures
regarding key information about leasing arrangements.&#160; This guidance is effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2018.&nbsp; Early adoption is permitted, and is
required to be applied using a modified retrospective approach. &nbsp;The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Measurement of Credit Losses on Financial
Instruments</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In June
2016, the FASB issued ASU 2016-13, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Measurement of Credit Losses on Financial Instruments</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard provides guidance regarding the measurement of credit losses for financial assets and certain other instruments that are not accounted for at fair
value through net income, including trade and other receivables, debt securities, net investment in leases, and off-balance sheet credit exposures.&#160; The new guidance requires companies to replace the current incurred loss impairment methodology
with a methodology that measures all expected credit losses for financial assets based on historical experience, current conditions, and reasonable and supportable forecasts.&#160; The guidance expands the disclosure requirements regarding credit
losses, including the credit loss methodology and credit quality indicators.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.&#160; Early adoption is
permitted for annual reporting periods, including interim periods after December 15, 2018 and will be applied using a modified retrospective approach.&#160; The Company is currently evaluating the impact of adoption of this standard on its
consolidated financial statements.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In August 2016, the FASB issued ASU 2016-15,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard provides guidance regarding the classification of certain cash receipts and cash payments on the statement of cash flows, where specific guidance is
provided for issues not previously addressed.&#160; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017, with early adoption permitted, and is required to
be applied on a retrospective approach.&#160; The Company is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Restricted Cash on the Statement of Cash
Flows</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In November
2016, the FASB issued ASU 2016-18, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Restricted Cash on the Statement of Cash Flows</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard will require the Company to show the changes in total cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash
flows.&#160; Transfers between cash and cash </font></font>
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<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">equivalents and restricted cash and restricted cash equivalents will no longer be presented in
the statement of cash flows.&#160; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017, with early adoption permitted, and is required to be applied on a
retrospective approach.&#160; The Company is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Clarifying the
Definition of a Business</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In January 2017, the FASB issued ASU
2017-01, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Clarifying the Definition of a Business</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The
standard provides guidance to assist entities with evaluating when a set of transferred assets and activities is a business.&#160; This guidance will be effective for annual reporting periods, including interim reporting within those periods,
beginning after December 15, 2017, with early adoption permitted and is required to be applied prospectively.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Simplifying the Test for Goodwill
Impairment </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In January
2017, the FASB issued ASU 2017-04, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Simplifying the Test for Goodwill Impairment</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The standard provides guidance to simplify the subsequent measurement of goodwill by eliminating the second step of the quantitative test.&nbsp; The new guidance
does not amend the optional qualitative assessment of goodwill impairment.&nbsp; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.&nbsp; Early adoption
is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017.&nbsp; The guidance is required to be applied prospectively.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fd19eabf28954cc194c460713_bclend"></A><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;
</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:20.25pt;page-break-inside:avoid;">
<td colspan=17 nowrap valign=top width=100% style="height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">SUMMARY OF QUARTERLY RESULTS</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the quarter ended</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q3</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q2</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q1</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q4</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q3</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q2</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Q1</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of dollars (except per share amounts)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,513</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,387</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
500</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
877</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
732</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
642</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
527</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
888</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
70</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(95)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
208</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
192</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common shareholders</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
104</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
237</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
120</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.34</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(0.52)</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.39</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.30</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.31</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.24</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.07</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share &#8211; diluted</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.34</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(0.52)</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.38</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.30</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.30</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.24</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.07</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.09</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted earnings per common share &#8211; basic</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.51</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.08</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.59</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.81</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.59</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.16</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.33</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.18</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Quarterly operating revenues and net income
attributable to common shareholders are affected by seasonality. Historically, the first quarter is generally the strongest because a significant portion of the Company&#8217;s operations are in northeastern North America, where winter is the peak
electricity usage season.&#160; However, with the addition of Emera Florida and New Mexico, the third quarter will provide stronger earnings contributions due to the summer being the heaviest electric consumption season in Florida.&#160;
</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As t</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">he energy industry is seasonal in nature for companies like Emera, seasonal and other weather patterns, as well as the number and severity of storms, can affect the demand
for energy and the cost of service.&#160; </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Quarterly results could be affected by items outlined in the Significant Items
section and mark-to-market adjustments.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">103</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_104"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">OPERATING STATISTICS</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">FIVE-YEAR SUMMARY</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2013</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2012</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric energy sales (GWh)</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Residential</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,605</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,740</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,616</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,624</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,372</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Commercial</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,895</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11,154</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,989</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,157</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,175</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Industrial</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,876</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,984</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,971</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,067</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,679</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Other</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,284</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
374</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
385</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
358</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
371</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric energy sales</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30,660</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20,252</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19,961</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
16,206</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,597</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Sources of energy (GWh)</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Thermal &#8211; coal</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,091</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,869</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,255</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,489</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,998</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8211; oil and petcoke</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,393</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,164</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,938</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,026</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,580</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8211; natural gas</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12,630</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,782</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,692</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,686</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,726</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Biomass</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
270</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
272</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
320</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
167</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Hydro</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
856</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,041</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,129</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,003</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
828</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Wind</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
270</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
259</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
258</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
261</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
256</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Purchases</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,641</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,142</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,693</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,528</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,210</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total generation and purchases</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32,151</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21,529</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21,285</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17,160</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15,598</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Losses and internal use</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,491</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,277</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,324</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
954</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,001</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric energy sold</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30,660</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20,252</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19,961</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
16,206</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,597</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas sales (Therms) Millions</font></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Residential</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">151</font></b></p>
 </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Commercial</font></p> </td>
<td width=13% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">354</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Industrial</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">617</font></b></p>
 </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Other</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
147</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gas sales</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,269</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas sales by sales type (Therms)</font></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; System supply</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">329</font></b></p>
 </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Transportation</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
940</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gas sales by sales type</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,269</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Electric customers</font></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Residential</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,404,316</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
747,629</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
742,110</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
738,444</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
702,738</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Commercial</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
156,748</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
85,480</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
82,076</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
83,612</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
79,613</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Industrial</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,006</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,628</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,637</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,711</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,521</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Other</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17,886</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,432</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,421</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,510</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20,230</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total electric customers</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,584,956</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
845,169</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
837,244</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
835,277</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
805,102</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas customers</font></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Residential</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
818,870</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Commercial</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
75,271</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Industrial</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
80</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Other</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,693</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gas customers</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
895,914</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capacity</font></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera-owned generating nameplate capacity (MW)</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Coal fired</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,727</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,072</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,072</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,072</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,072</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Petcoke fired</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
408</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
171</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
171</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
171</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
171</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Dual fired</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
350</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Gas turbines</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,688</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,819</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,799</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,796</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
747</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Biomass</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
90</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 90</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 90</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 90</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Hydroelectric</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
400</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
402</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
402</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
402</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
395</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Wind turbines</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
180</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Diesel</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
135</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
241</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
241</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
245</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
231</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Solar</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Steam</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Comfit</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
139</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Independent power producers</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
893</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
593</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
370</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
308</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
300</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,060</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,860</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,617</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,556</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,388</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total number of employees</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7,442</font></b></p>
 </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3,454</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3,530</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3,558</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3,374</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">km of transmission lines</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12,199</font></b></p>
 </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7,504</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7,215</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7,224</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6,803</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">km of distribution lines</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">63,865</font></b></p>
 </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">46,162</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">44,811</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">44,771</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">39,590</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">km of Gas mains</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36,350</font></b></p>
 </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">km of Gas service lines</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">11,265</font></b></p>
 </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
</tr> </table></div> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">104</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_105"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=11% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">REGULATED</font></b></p> </td>
<td valign=bottom width=11% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=9% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee </font></p> </td>
<td valign=top width=8% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Peak demand </font></p> </td>
<td valign=top width=8% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Energy sales </font></p> </td>
<td colspan=2 valign=top width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets </font></p> </td>
<td colspan=2 valign=top width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Rate </font></p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">base </font></p> </td>
<td colspan=2 valign=bottom width=11% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income </font></p> </td>
<td valign=top width=9% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowable ROE</font></p> </td>
<td valign=top width=2% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowable ROE</font></p> </td>
<td valign=top width=2% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">ELECTRIC</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Customers</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">count</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(MW)</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(GWh)</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(billions)</font></p>
 </td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(billions)</font></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(millions)</font></p>
 </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric (1)</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">736,047</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,039</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4,131</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10,339</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.4</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.8</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">164</font></p> </td>

<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.25-11.25</font></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">510,522</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,819</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2111</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10,118</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.8</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.7</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">130</font></p> </td>

<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8.75-9.25</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8.75-9.25</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">156,648</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">403</font></p> </td>

<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">387</font></p> </td>

<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,931</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.5</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.0</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">47</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.5</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BLPC </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">126,372</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">326</font></p> </td>

<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">157</font></p> </td>

<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">944</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.5</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.5</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">91</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.0</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.0</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GBPC</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">19,176</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">186</font></p> </td>

<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">67</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">295</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.4</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.3</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">20</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8.8</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.0</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Domlec </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36,184</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">198</font></p> </td>

<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">18</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">99</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.1</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.1</font></p> </td>

<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">15.0</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">15.0</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Financial results of TECO Energy are from July 1, 2016.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) These subsidiaries use return on rate base, as opposed to ROE.</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=11% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">REGULATED</font></b></p> </td>
<td valign=top width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=9% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee </font></p> </td>
<td valign=bottom width=7% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Max volume day</font></p> </td>
<td valign=bottom width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas sales volume</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets </font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Rate </font></p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">base </font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income </font></p> </td>
<td valign=bottom width=10% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowable ROE</font></p> </td>
<td valign=bottom width=2% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=9% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowable ROE</font></p> </td>
<td valign=top width=2% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GAS</font></b></p> </td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Customers</font></p>
</td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">count</font></p>
</td>
<td valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(MMcf)</font></p>
</td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Millions of
Therms)</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(billions)</font></p>
 </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(billions)</font></p>
 </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(millions)</font></p>
 </td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></p>
</td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">PGS</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">374,076</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">539</font></p> </td>

<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">543</font></p> </td>

<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">918</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.6</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.1</font></p> </td>

<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">20.0</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.25-11.75</font></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGC </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">521,838</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">688</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">437</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">351</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.1</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.7</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12.0</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10.0</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 width=100% style="border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Financial results of TECO Energy are from July 1, 2016.</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">105</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_106"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:24.0pt;page-break-inside:avoid;">
<td colspan=7 nowrap valign=top width=78% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">FIVE-YEAR FINANCIAL SUMMARY</font></b></p> </td>
<td nowrap valign=top width=2% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended December 31</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2013</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2012</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Consolidated Statements of Income </font></b></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating Revenues</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,277</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,789</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,939</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,230</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,059</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating expenses</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
815</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
844</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
868</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
811</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
177</font></b></p> </td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(41)&nbsp;
</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; power</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
336</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
401</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 90</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<tr style="height:10.5pt;page-break-inside:avoid;">
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
666</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
561</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
505</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
463</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
195</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
588</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
340</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
329</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
298</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
278</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
555</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
508</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
668</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
407</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
347</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments and Other income (expenses), net</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
274</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
249</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 64</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
585</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
212</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
180</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
167</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
244</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
545</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
566</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
299</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
233</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
113</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
266</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
453</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
255</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
246</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income of Emera Incorporated</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
255</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
427</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
433</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
236</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
232</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred stock dividends</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
407</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
217</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">After-tax mark-to-market gain (loss)</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(248)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(42)&nbsp;
</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted net income attributable to common shareholders</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
319</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
259</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
231</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjusted EBITDA</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,744</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,031</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
946</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
830</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
693</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance Sheet Information</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current assets </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,511</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,596</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,411</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,152</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
940</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17,290</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,469</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,744</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,446</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,605</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
48</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
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<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
125</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 68</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
168</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 61</font></p>
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<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
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<tr style="height:10.5pt;page-break-inside:avoid;">
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,242</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
605</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
487</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
558</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
376</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
488</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
480</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
484</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
487</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
490</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
947</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,145</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,028</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
739</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
537</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
48</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
116</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 74</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
142</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Goodwill</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,213</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
264</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
222</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
207</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
194</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Other long-term assets</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
169</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
208</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
200</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29,221</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12,039</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,853</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8,877</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,536</font></p> </td> </tr> </table></div> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">106</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_107"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:24.0pt;page-break-inside:avoid;">
<td colspan=11 nowrap valign=top width=100% style="height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">FIVE-YEAR FINANCIAL SUMMARY (continued)</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended December 31 </font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2014</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2013</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2012</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=40% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current liabilities</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,724</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,367</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,124</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,530</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
952</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term liabilities</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Long-term debt</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,268</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,735</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,660</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,364</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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3,257</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
762</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
613</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
548</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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312</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
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receipts)</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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8</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
681</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
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<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 77</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
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<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
353</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
159</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
119</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
170</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 99</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 95</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Pension and post-retirement liabilities</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
669</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
303</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
361</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
256</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
506</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Other long-term liabilities</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
467</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
299</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Common stock</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,738</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,157</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,016</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,703</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,644</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Cumulative preferred stock</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
709</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
709</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
709</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
514</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
391</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Contributed surplus</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
75</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Accumulated other comprehensive income (loss)</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
137</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(347)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(430)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(776)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Retained earnings</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,076</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,168</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,012</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
817</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
788</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Total Emera Incorporated equity</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,704</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,200</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,399</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,608</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,050</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Non-controlling interest in subsidiaries</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
112</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
306</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
289</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
228</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total equity </font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,816</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,334</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,705</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,897</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,278</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities and equity</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29,221</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12,039</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,853</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8,877</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,536</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Statements of Cash Flow Information</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Cash provided by operating activities</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,053</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
674</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
763</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
564</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
398</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Cash used in investing activities</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(9,105)&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(124)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(711)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(922)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(919)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Cash provided by (used in) financing activities</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,448</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
362</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
534</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financial ratios ($ per share)</font></b></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Earnings per share &#8211; basic</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.72</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.84</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.64</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.77</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160; Adjusted earnings per share &#8211; basic</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.77</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.26</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.23</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.96</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.85</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&#160; Emera early adopted ASU 2015-17 </font><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income Taxes
&#8211; Balance Sheet Classification of Deferred Taxes, </font></i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">which simplifies the presentation of deferred income taxes effective Q4
2015.&nbsp;&#160; The December 31, 2014 and 2015 periods have been restated</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&#160; As at December 31, 2015 and 2014, the negative investment balance for Bear Swamp has been reclassified to &quot;Other long-term liabilities&quot; on
the Consolidated Balance Sheets.&#160;&#160; The 2014 and 2015 carrying values have been restated.</font></p> </td> </tr> </table></div> <DIV bclFooter>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>d360590dex993.htm
<DESCRIPTION>AUDITED CONSOLIDATED FINANCIAL STATEMENTS
<TEXT>
<HTML><HEAD>
<TITLE>Audited Consolidated Financial Statements</TITLE>
</HEAD>
  <body link=blue vlink=purple>
 &nbsp; <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;font-weight:bold;text-align:right"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Exhibit 99.3</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;"></font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin:0in;margin-bottom:.0001pt;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;">&nbsp;</font></font></p> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;">&nbsp;</font></font></p> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;">EMERA INCORPORATED</font></b></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;
</font></font></p> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;">Consolidated</font></b></font></p> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;">Financial Statements</font></b></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:115%;">&nbsp;
</font></b></font></p> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;">December 31,</font></b><b><font color=black face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;"> 2016</font></b><b><font
face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;"> and </font></b><b><font color=black face=Arial,sans-serif lang=EN-GB style="font-size:20.0pt;line-height:115%;">2015&nbsp;</font></b></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p>
<p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:20.0pt;line-height:115%;">&nbsp;
</font></font></p> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&#160;&nbsp;</font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">108</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> <HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_109"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p align=center style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:12.0pt;line-height:normal;">MANAGEMENT REPORT</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.5in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Management's Responsibility for Financial
Reporting</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">The accompanying consolidated financial
statements of Emera Incorporated and the information in this annual report are the responsibility of management and have been approved by the Board of Directors (&#8220;Board&#8221;).</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">The consolidated financial statements have
been prepared by management in accordance with United States Generally Accepted Accounting Principles.&#160; When alternative accounting methods exist, management has chosen those it considers most appropriate in the circumstances.&#160; In
preparation of these consolidated financial statements, estimates are sometimes necessary when transactions affecting the current accounting period cannot be finalized with certainty until future periods.&#160; Management represents that such
estimates, which have been properly reflected in the accompanying consolidated financial statements, are based on careful judgements and are within reasonable limits of materiality.&#160; Management has determined such amounts on a reasonable basis
in order to ensure that the consolidated financial statements are presented fairly in all material respects.&#160; Management has prepared the financial information presented elsewhere in the annual report and has ensured that it is consistent with
that in the consolidated financial statements.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Emera Incorporated maintains effective
systems of internal accounting and administrative controls, consistent with reasonable cost.&#160; Such systems are designed to provide reasonable assurance that the financial information is reliable and accurate, and that Emera Incorporated's
assets are appropriately accounted for and adequately safeguarded.&#160; </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Board is responsible for ensuring that
management fulfils its responsibilities for financial reporting and is ultimately responsible for reviewing and approving the consolidated financial statements.&#160; The Board carries out this responsibility principally through its Audit
Committee.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">The Audit Committee is appointed by the
Board, and its members are directors who are not officers or employees of Emera Incorporated.&#160; The Audit Committee meets periodically with management, as well as with the internal auditors and with the external auditors, to discuss internal
controls over the financial reporting process, auditing matters and financial reporting issues, to satisfy itself that each party is properly discharging its responsibilities, and to review the annual report, the consolidated financial statements
and the external auditors' report.&#160; The Audit Committee reports its findings to the Board for consideration when approving the consolidated financial statements for issuance to the shareholders.&#160; The Audit Committee also considers, for
review by the Board and approval by the shareholders, the appointment of the external auditors. </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">The consolidated financial statements have been audited by Ernst &amp; Young LLP, the external auditors, in accordance with </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Canadian </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Generally Accepted Auditing
Standards</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Ernst &amp; Young LLP has full and free access to the Audit Committee.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">February 10, </font><font color=black face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;">2017&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><i><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8220;</font></i></font>
<font face=Arial,sans-serif style="border:none;"><i><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Christopher Huskilson&#8221;</font></i></font><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160; </font><i><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8220;Gregory Blunden&#8221;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:-300.0pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">President
 and Chief Executive
Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President and Chief Executive Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Financial Officer&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></font></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">109</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_110"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">INDEPENDENT AUDITORS&#8217; REPORT </font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To the Shareholders of Emera Incorporated</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">We have audited the accompanying consolidated financial statements of Emera Incorporated, which comprise the consolidated balance sheets as at December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, and the consolidated statements of income, comprehensive
income, cash flows and changes in equity for the years then ended, and a summary of significant accounting policies and other explanatory information.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Management's Responsibility for the Consolidated Financial Statements</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Management is responsible for the preparation and fair presentation of these consolidated financial
statements in accordance with United States generally accepted accounting principles, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material
misstatement, whether due to fraud or error.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Auditors&#8217; Responsibility</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Our responsibility is to express an opinion on these consolidated financial statements based on our
audits. We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the
consolidated financial statements are free from material misstatement.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-indent:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the consolidated financial statements. The procedures selected depend on the auditors&#8217; judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making
those risk assessments, the auditors consider internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as
well as evaluating the overall presentation of the consolidated financial statements.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">We believe that the audit evidence we have obtained in our audits is sufficient and appropriate to provide a basis for our audit opinion.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Opinion</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In our opinion, the consolidated financial statements present fairly, in all
material respects, the financial position of Emera Incorporated as at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, and its financial performance and its cash flows for the years then ended in accordance with United States generally accepted accounting principles.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Halifax,
Canada&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; </font><i><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&#8220;Ernst &amp; Young LLP&#8221;</font></i></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">February 10, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2017&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;Chartered Professional Accountants</font></p>
<p align=center style="margin-bottom:.0001pt;margin-left:3.0in;margin-right:0in;margin-top:0in;text-align:center;text-indent:.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Licensed Public
Accountants&#160;&#160;&#160;&#160; </font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">110</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_111"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Statements of Income </font></b></font></h1> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 nowrap width=29% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues</font></b></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Regulated electric</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,437</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,141</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Regulated gas</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
499</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Non-regulated</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 341</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 596</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total operating revenues</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,277</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,789</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating expenses</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulated fuel for generation and purchased power</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,222</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 815</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulated cost of natural gas</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
177</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulated fuel adjustment mechanism and fixed cost deferrals</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 61</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
313</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
336</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-regulated direct costs</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Operating, maintenance and general</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,137</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
666</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Provincial, state, and municipal taxes </font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 195</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Depreciation and amortization</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
588</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
340</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total operating expenses</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,722</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,281</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from operations</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
555</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
508</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity investments </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 6)</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 7)</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 174</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 141</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 8)</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
585</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
212</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 244</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 545</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 9)</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income </font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
266</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income of Emera Incorporated</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 255</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 427</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred stock dividends</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average shares of common stock outstanding (in millions)</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 11)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Basic</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 171</font></b></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 146</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Diluted</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></b></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
146</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 11)</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Basic</font></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1.33</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2.72</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Diluted</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.32</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.71</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dividends per common share declared</font></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.9950</font></b></p> </td>
<td valign=bottom width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.6625</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">111</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_112"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Statements of Comprehensive Income </font></b></font></h1> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income </font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
266</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other comprehensive income (loss), net of tax</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign currency translation adjustment
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
435</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gains (losses) on net investment hedges
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(49)&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash flow hedges</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net derivative gains (losses)
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Less: reclassification adjustment for losses (gains) included in income </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Net effects of cash flow hedges</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gains on available-for-sale investment</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Unrealized gain (loss) arising during the period </font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Less: reclassification adjustment for (gains) recognized in income </font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Net unrealized holding gains (losses) </font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in unrecognized pension and post-retirement benefit obligation </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)&nbsp;</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other equity method reclassification adjustment
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(46)&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other comprehensive income (loss) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(7)&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; &nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
512</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Comprehensive income (loss)</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 236</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 964</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Comprehensive income (loss) attributable to non-controlling interest</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Comprehensive Income of Emera Incorporated</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 228</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 911</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1)&#160; Net of tax recovery of $3 million (2015 - $7 million tax expense) for the year ended December 31, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2) The Company has designated $1.2 billion United States dollar dominated Hybrid Notes as a hedge of the foreign currency exposure of its net investment in
United States dollar denominated operations.&#160; </font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3)&#160; Net of tax expense of nil (2015 - $1 million tax expense) for the year ended December 31, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4)&#160; Net of tax recovery of nil (2015 - $2 million tax recovery) for the year ended December 31, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5)&#160; Net of tax expense of $3 million (2015 - $8 million tax expense) for the year ended December 31, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6)&#160; Net of tax recovery of $9 million (2015 - nil) for the year ended December 31, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7)&#160; Net of tax recovery of $9 million (2015 - $14 million tax expense) for the year ended December 31, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">112</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_113"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Balance Sheets</font></b></font></h1> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current assets</font></b></p> </td>
<td valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Cash and cash equivalents</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 404</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,073</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Restricted cash </font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Receivables, net </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
13)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,014</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 578</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
9)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 33</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Inventory </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 14)</font></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 472</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 314</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(notes 15
and 16)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 145</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 250</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
17)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 80</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 94</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Prepayments and other current assets </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 19)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 276</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 256</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total current assets</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,511</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,596</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property, plant and equipment, </font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">net of accumulated
depreciation </font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">and amortization of $7,787 and $3,737, respectively (note 20)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17,290</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6,469</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other assets</font></b></p> </td>
<td valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
9)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
9)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 125</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments&#160;
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(notes 15 and 16)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 131</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 168</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement assets&#160; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 21)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
17)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,242</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 605</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net investment in direct financing lease </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 22)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 488</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 480</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investments subject to significant influence </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 6)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 947</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,145</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investment securities </font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 116</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Goodwill </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 23)</font></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6,213</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 264</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other long-term assets</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 169</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 106</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total other assets</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9,420</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,974</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29,221</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12,039</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=62% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">113</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_114"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;">
<td colspan=5 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated </font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td colspan=5 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Balance Sheets &#8211;&#160; Continued</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.0pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at </font></p> </td>
<td colspan=2 valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities and Equity</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current liabilities</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Short-term debt </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
24)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 961</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Current portion of long-term debt
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 26)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 476</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 274</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accounts payable </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,242</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 394</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes payable </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
9)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(notes 15
and 16)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 325</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 349</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory liabilities </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
17)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 362</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 112</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement liabilities </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 21)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other current liabilities </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
25)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 281</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 207</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total current liabilities</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,724</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,367</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term liabilities</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Long-term debt </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
26)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14,268</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,735</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
9)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,672</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 762</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Convertible debentures (2015 &#8211; represented</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; by instalment receipts) </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 10)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 681</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(notes 15
and 16)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 150</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory liabilities </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
17)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,277</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 353</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Asset retirement obligations
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 27)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 170</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 109</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement liabilities </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 21)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 669</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 303</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other long-term liabilities </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
6)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 467</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 299</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total long-term liabilities</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18,681</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6,338</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commitments and contingencies </font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 28)</font></p>
</td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Common stock </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 10)</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,738</font></b></p> </td>
<td valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,157</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Cumulative preferred stock </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note
29)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 709</font></b></p> </td>
<td valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 709</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Contributed surplus</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 75</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accumulated other comprehensive income </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 12)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 106</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 137</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Retained earnings </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,076</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,168</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total Emera Incorporated equity</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6,704</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,200</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-controlling interest in subsidiaries </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 30)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 112</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 134</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total equity</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6,816</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4,334</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities and equity</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29,221</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12,039</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=66% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Approved on behalf of the Board of
Directors</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;line-height:115%;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:4.0pt;line-height:115%;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><b><i><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&#8220;M.
Jacqueline Sheppard&#8221;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#8220;Christopher G. Huskilson</font></i></b></font><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&#8221;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Chair of the
Board&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President and Chief Executive Officer</font></b></font></p> <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">114</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_115"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></p> </td> </tr>
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Statements of Cash Flows </font></b></p> </td> </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For
the&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"></font></p> </td>
<td colspan=4 nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating activities</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
266</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
452</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjustments to reconcile net income to net cash provided by operating activities:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Depreciation and amortization</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
593</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
352</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income from equity investments, net of dividends</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(59)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Allowance for equity funds used during construction</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes, net</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(67)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net change in pension and post-retirement liabilities</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulated fuel adjustment mechanism and fixed cost deferrals</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
63</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 39</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net change in fair value of derivative instruments</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
258</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net change in regulatory assets and liabilities </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(25)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net change in capitalized transportation capacity</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(133)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Foreign exchange loss (gain)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
43</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Gain on APUC sale of common shares and </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; conversion of
subscription receipts</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; (note 7)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(223)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other operating activities, net</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
46</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Changes in non-cash working capital</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; (note
31)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(102)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net cash provided by operating activities</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,053</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
674</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investing activities</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Acquisition, net of cash
acquired</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; (note 4)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(8,409)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Additions to property, plant and equipment</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(1,031)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(427)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net purchase of investments subject to significant influence, inclusive of</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; acquisition costs</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(276)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(136)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net proceeds on sale of investment subject to significant influence</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; and held-for-trading
common shares</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; (note 6)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
665</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
282</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds on distribution from investment subject to significant influence</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; (note 6)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
179</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other investing activities</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(54)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net cash used in investing activities</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(9,105)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(124)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financing activities</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Change in short-term debt, net</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
118</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(262)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds from long-term debt, net of issuance costs</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,423</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
446</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds from convertible debentures, net of issuance costs </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; (2015 &#8211;
represented by instalment receipts)</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 10)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,413</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
681</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Retirement of long-term debt</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(273)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(90)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net borrowings (repayments) under committed credit facilities</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(315)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(201)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Issuance of common stock, net of issuance costs</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
354</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends on common stock</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(221)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(162)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends on preferred stock</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends paid by subsidiaries to non-controlling interest</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(14)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Redemption of preferred shares by subsidiary</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(135)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other financing activities </font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(21)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net cash provided by financing activities</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7,448</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Effect of exchange rate changes on cash and cash equivalents</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(65)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 81</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net (decrease) increase in cash and cash equivalents</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(669)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
852</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents, beginning of year</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,073</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents, end of year</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
404</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,073</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents consists of:</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
221</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
996</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Short-term investments</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
183</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 77</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
404</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,073</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=72% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Supplementary Information to Consolidated Statements of Cash Flows</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; (note 31)</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">115</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_116"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></p> </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Statements of Changes in Equity </font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Accumulated</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=4 valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Common</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Preferred</font></b></p> </td>
<td colspan=2 valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Contributed</font></b></p> </td>
<td colspan=2 valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Comprehensive</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Retained</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Controlling</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;Stock&nbsp;
</font></b></p> </td>
<td colspan=2 valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Stock</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Surplus</font></b>
</p> </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income
(&#8220;AOCI&#8221;) </font></b></p> </td>
<td colspan=2 valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Earnings</font></b>
</p> </td>
<td colspan=2 nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity</font></b></p>
 </td>
<td colspan=2 nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest</font></b>
</p> </td>
<td colspan=2 valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Balance, December 31, 2015</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,157</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
709</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
137</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,168</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,200</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
134</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,334</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income of Emera Incorporated</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
255</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
255</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
266</font></p> </td> </tr>
<tr style="height:19.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other comprehensive income (loss), net of tax recovery of $9 million</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td> </tr>
<tr style="height:19.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Issuance of common stock, net of after-tax issuance costs</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,450</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,450</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:19.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,450</font></p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Dividends declared on preferred stock (note 29)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(28)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.75pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(324)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(324)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(324)&nbsp;
</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Common stock issued under purchase plan</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
110</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
110</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
110</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 17</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 16</font></p>
</td> </tr>
<tr style="height:11.25pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:11.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:9.75pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 43</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 43</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 43</font></p>
</td> </tr>
<tr style="height:29.25pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Preferred dividends paid and payable by subsidiaries to non-controlling interests</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:29.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Common dividends paid and payable by subsidiaries to non-controlling interest</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Acquisition of non-controlling </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">interest of ECI</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(25)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Balance, December 31, 2016</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,738</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
709</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 75</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,076</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
6,704</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
112</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
6,816</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">116</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:9.95pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Statements of Changes in Equity &#8211; Continued</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=19% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=13% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Accumulated</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=2% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=13% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-</font></b></p> </td>
<td colspan=2 valign=top width=9% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Common</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Preferred</font></b></p> </td>
<td colspan=2 valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Contributed</font></b></p> </td>
<td colspan=2 valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Comprehensive</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Retained</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total</font></b></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Controlling</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;Stock&nbsp;
</font></b></p> </td>
<td colspan=2 valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Stock</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Surplus</font></b>
</p> </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income
(&#8220;AOCI&#8221;) </font></b></p> </td>
<td colspan=2 valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Earnings</font></b>
</p> </td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity</font></b></p>
 </td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest</font></b>
</p> </td>
<td colspan=2 valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2015</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Balance, December 31, 2014</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,016</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
709</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(347)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,012</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
3,399</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
306</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
3,705</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income of Emera Incorporated</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
427</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
427</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 25</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
452</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other comprehensive income (loss), net of tax expense of $14 million</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
484</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
484</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 28</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
512</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Dividends declared on preferred stock (note 29)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Dividends declared on common stock ($1.6625/share)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(240)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(240)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(240)&nbsp;
</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Dividends paid by subsidiaries to non-controlling interest</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(3)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:20.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(3)&nbsp;</font></p> </td> </tr>
<tr style="height:20.1pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Common stock issued under purchase
plan</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:20.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:30.0pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Preferred dividends paid by subsidiaries to non-controlling interest</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:30.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Redemption of preferred shares of subsidiary</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(132)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(132)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Acquisition of non-controlling</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">interest of ECI</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 54</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 73</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(78)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity method investments</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Balance, December 31, 2015</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,157</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
709</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
137</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,168</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,200</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
134</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,334</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=19% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">The accompanying notes are an integral part of these consolidated financial statements.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><a name="_toc311109861"></A></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">117</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_118"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Emera
Incorporated</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><a name="_toc311109862"></A><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Notes to the Consolidated Financial Statements
</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">As at </font></b><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">December 31, 2016</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> and </font></b><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">2015&nbsp;</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></p> <p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_b1e17b70dcb1479fb0b4a8a50"></A><a name="_toc311109863"></A><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">1.</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">&#160; SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The significant accounting policies for both the regulated and non-regulated
operations of Emera Incorporated are as follows:</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.25in;"><a name="_toc311109864"></A><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Nature of
Operations</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Incorporated (&#8220;Emera&#8221; or the &#8220;Company&#8221;) is an energy
and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services.&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s primary rate-regulated subsidiaries and investments at
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">included the following: </font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico
represents TECO Energy, Inc. (&#8220;TECO Energy&#8221;), a holding company with regulated electric and gas utilities in Florida and New Mexico, which was acquired on July 1, 2016. TECO Energy&#8217;s holdings includes: </font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Tampa Electric Company
(&#8220;TEC&#8221;), which holds the Tampa Electric Division (&#8220;Tampa Electric&#8221;), an integrated regulated electric utility, serving approximately </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">736,000 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">customers in West Central Florida and Peoples Gas System
Division, (&#8220;PGS&#8221;) a regulated gas distribution utility, serving approximately </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">374,000 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">customers across Florida; </font></p> <p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">New Mexico Gas Company, Inc. (&#8220;NMGC&#8221;), a regulated gas distribution utility, serving approximately </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">522,000&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> customers across New Mexico; </font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Finance, Inc. (&#8220;TECO
Finance&#8221;), a wholly owned financing subsidiary of TECO Energy.</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Nova Scotia Power Inc.
(&#8220;NSPI&#8221;), a fully integrated electric utility and the primary electricity supplier in Nova Scotia, serving approximately</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
511,000</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> customers;</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine provides electric transmission and distribution services to approximately</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 157,000 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">customers in the State of Maine in the United States;
</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera (Caribbean) Incorporated
(&#8220;ECI&#8221;) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">100.0 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent interest (December
31, 2015 &#8211; 95.5 per cent) includes:</font></p> <p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Barbados Light &amp; Power
Company Limited (&#8220;BLPC&#8221;), a vertically integrated utility and sole provider of electricity on the island of Barbados, serving approximately</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 126,000 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">customers; &nbsp;</font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">50.0 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent direct and </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">30.4 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent indirect interest (through a 60.7 per cent interest in
ICD Utilities Limited (&#8220;ICDU&#8221;)) in Grand Bahama Power Company Limited (&#8220;GBPC&#8221;), a vertically integrated utility and sole provider of electricity on Grand Bahama Island, serving approximately</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 19,000 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">customers; &nbsp;</font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">51.9 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent interest (December 31, 2015 &#8211; 49.6 per cent
indirect interest) in Dominica Electricity Services Ltd. (&#8220;Domlec&#8221;), an integrated utility on the island of Dominica, serving approximately</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 36,000</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> customers; </font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">19.1 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent indirect interest (December 31, 2015 &#8211; 18.2 per
cent indirect interest) in St. Lucia Electricity Services Limited (&#8220;Lucelec&#8221;), a vertically integrated regulated electric utility in St. Lucia; </font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Brunswick Pipeline
Company Limited (&#8220;Brunswick Pipeline&#8221;), a 145-kilometre pipeline delivering re-gasified liquefied natural gas from Saint John, New Brunswick to the United States border under a 25-year firm service agreement with Repsol Energy Canada
(&#8220;REC&#8221;), which expires in 2034; </font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Newfoundland &amp;
Labrador Holdings Inc. (&#8220;ENL&#8221;), focused on two transmission investments related to the development of an 824 megawatt (&#8220;MW&#8221;) hydroelectric generating facility at Muskrat Falls on the Lower Churchill River in Labrador,
scheduled to be generating first power in 2019 and full power in 2020.&#160; ENL&#8217;s two investments are:</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">118</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_119"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a 100 per cent investment in NSP Maritime Link Inc. (&#8220;NSPML&#8221;), which is developing the Maritime Link Project, a $1.56 billion transmission project, including
two 170-kilometre sub-sea cables, connecting the island of Newfoundland and Nova Scotia.&#160; This project is scheduled to be completed in Q4 2017 and then be in service by January 1, 2018;</font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">62.7 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent investment (December 31, 2015 &#8211; 55.1 per cent)
in the partnership capital of Labrador-Island Link Limited Partnership (&#8220;LIL&#8221;), a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the transmission of Muskrat Falls energy between Labrador and the
island of Newfoundland.&nbsp; Emera&#8217;s percentage ownership in LIL &#8206;is subject to change, based on the balance of capital investments required from Emera and Nalcor Energy to complete construction of the LIL.&#160; Emera&#8217;s ultimate
percentage investment in LIL will be determined on completion of the LIL and final costing of all transmission projects related to the Muskrat Falls development, including the LIL, Labrador Transmission Assets and Maritime Link Projects, such that
Emera&#8217;s total investment in the Maritime Link and LIL will equal 49 per cent of the cost of all of these transmission developments.&nbsp; The investment in LIL is accounted for on the equity basis.&nbsp; Nalcor Energy has indicated that the
project will be in service in Q2 2018.</font></p> <p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">12.9 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">per cent interest in Maritimes &amp; Northeast Pipeline
(&#8220;M&amp;NP&#8221;), a 1,400-kilometre pipeline, which transports natural gas from offshore Nova Scotia to markets in Atlantic Canada and the northeastern United States. </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera also owns investments in other energy-related non-regulated companies,
including: </font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy,
includes:</font></p> <p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy Services
(&#8220;EES&#8221;), a physical energy business that purchases and sells natural gas and electricity and provides related energy asset management services; </font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bridgeport Energy, Tiverton
Power and Rumford Power (&#8220;New England Gas Generating Facilities&#8221; (&#8220;NEGG&#8221;)), a 1,115 MW of combined-cycle gas-fired electricity generating capacity in the northeastern United States;</font></p>
<p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bayside Power Limited
Partnership (&#8220;Bayside Power&#8221;), a 290 MW gas-fired combined cycle power plant in Saint John, New Brunswick; </font></p> <p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Brooklyn Power Corporation (&#8220;Brooklyn Energy&#8221;), a 30 MW biomass co-generation electricity facility in Brooklyn, Nova Scotia.&nbsp; Brooklyn Energy has a
long-term purchase power agreement with NSPI;</font></p> <p style="margin-bottom:0in;margin-left:1.0in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">a 50.0 per cent joint venture
interest in Bear Swamp Power Company LLC (&#8220;Bear Swamp&#8221;), a 600 MW pumped storage hydroelectric facility in northern Massachusetts. </font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Reinsurance Limited, a
captive insurance company providing insurance and reinsurance to Emera and certain affiliates, to enable more cost efficient management of risk and deductible levels across Emera;</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera US Finance LP, a wholly
owned financing subsidiary of Emera that issued multiple series of United States dollar denominated senior, unsecured notes for the purpose funding the acquisition of TECO Energy;</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera US Holdings Inc.
(&#8220;EUSHI&#8221;), a wholly owned holding company for certain of Emera&#8217;s assets located in the United States;</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Utility Services Inc., a utility services contractor primarily operating in Atlantic Canada;</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 8, 2016, Emera sold
the Company&#8217;s remaining 4.7 per cent (December 31, 2015 &#8211; 19.6 per cent) investment in Algonquin Power &amp; Utilities Corp. (&#8220;APUC&#8221;), a public company traded on the Toronto Stock Exchange under the symbol
&#8220;AQN&#8221;;</font></p> <p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and other investments.<a name="xbrl_ts_b1e17b70dcb1479fb0b4a8a50_bclend"></A></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_cbfbf5db49814e558088ea476"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Basis of Presentation</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c6962ae4adb64ca1861b4ea92"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">These consolidated financial statements are prepared and presented in accordance with United States Generally Accepted Accounting Principles
(&#8220;USGAAP&#8221;).&#160; In the opinion of management, these consolidated financial statements include all adjustments that are of a recurring nature and necessary to fairly state the financial position of Emera. </font></font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">119</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_120"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">All dollar amounts are presented in Canadian dollars, unless otherwise indicated.</font></font><a name="xbrl_ts_c6962ae4adb64ca1861b4ea92_bclend"></A><a name="xbrl_ts_cbfbf5db49814e558088ea476_bclend">
</A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_c87ead46048d45b2b7c89afb6"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Principles of Consolidation</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_ea4431a5390c42e1be6df31b1"></A><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The consolidated financial statements of Emera include the accounts of Emera Incorporated, its majority-owned
subsidiaries, and a variable interest entity (&#8220;VIE&#8221;) in which Emera is the primary beneficiary.&#160; Emera uses the equity method of accounting to record investments in which the Company has the ability to exercise significant
influence, and for variable interest entities in which Emera is not the primary beneficiary.&#160; The consolidated financial statements include TECO Energy from the July 1, 2016 acquisition date through </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Inter-company balances
and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between certain non-regulated and regulated entities in accordance with accounting standards for rate-regulated entities.&#160;
The net profit on these transactions, which would be eliminated in the absence of the accounting standards for rate-regulated entities, is recorded in non-regulated operating revenues.&#160; An offset is recorded to property, plant and equipment,
regulatory assets, regulated fuel for generation and purchased power, or operating, maintenance and general, depending on the nature of the transaction.</font></font><a name="xbrl_ts_c87ead46048d45b2b7c89afb6_bclend"></A><a name="xbrl_ts_ea4431a5390c42e1be6df31b1_bclend">
</A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_2659d9f99a484e94a7b227f1c"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Use of Management Estimates</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c0ee11e8c40e4dd293e29feb0"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The preparation of consolidated financial statements in accordance with USGAAP requires management to make estimates and assumptions.&#160;
These may affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods.&#160; Management evaluates the Company&#8217;s estimates on an
ongoing basis based upon historical experience, current conditions and assumptions believed to be reasonable at the time the assumption is made, with any adjustments recognized in income in the year they arise.&#160; Actual results may differ
significantly from these estimates.</font></font><a name="xbrl_ts_2659d9f99a484e94a7b227f1c_bclend"></A><a name="xbrl_ts_c0ee11e8c40e4dd293e29feb0_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:0in;margin-left:.25in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_57215b9e47764f4a8a4350df5"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Regulatory Matters</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_059f58ea9bd84b809103c70dc"></A><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory accounting applies where rates are established by, or subject to approval by, an independent third party
regulator.&#160; They are designed to recover the costs of providing the regulated products or services; and it is reasonable to assume rates are set at levels such that the costs can be charged to and collected from customers (see note </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">17&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> for additional details).</font></font><a name="xbrl_ts_059f58ea9bd84b809103c70dc_bclend"></A><a name="xbrl_ts_57215b9e47764f4a8a4350df5_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_f4723e3e115c42b397eb3233f"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Foreign Currency Translation </font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:.25in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_5db6a2fb9d6a4b62be014548c"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Monetary assets and liabilities, denominated in foreign currencies, are converted to Canadian dollars at the rates of exchange prevailing at the balance sheet date.&#160;
The resulting differences between the translation at the original transaction date and the balance sheet date are included in income.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Assets and liabilities of self-sustaining
foreign operations are translated using the exchange rates in effect at the balance sheet date and the results of operations at the average rates for the period.&#160; The resulting exchange gains and losses on the assets and liabilities are
deferred on the balance sheet in AOCI.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_6ac04d0582a34a72aeabfcc3c"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company designates certain United States dollar dominated debt held in Canadian functional currency companies as hedges of net investments
in United States dollar denominated foreign operations.&#160; The change in the carrying amount of these investments, measured at the exchange rates in effect at the balance sheet date, and the effective portion of the hedge, is recorded in Other
Comprehensive Income (&#8220;OCI&#8221;).&#160; Any ineffectiveness is reflected in current period earnings.</font></font><a name="xbrl_ts_6ac04d0582a34a72aeabfcc3c_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_5db6a2fb9d6a4b62be014548c_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Revenue
Recognition</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_140aa4831907467ba75b71e50"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">120</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_121"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Operating revenues are recognized when electricity or gas is delivered to customers or when products are delivered and services are rendered.&#160; Regulated revenues are
recognized on an accrual basis and include billed and unbilled revenues.&#160; Revenues related to the sale of electricity or gas is recognized at rates approved by the respective regulator and recorded based on meter readings and estimates, which
occur on a systematic basis throughout a month.&#160; At the end of each month, the electricity or gas delivered to customers, but not billed, is estimated and the corresponding unbilled revenue is recognized.&#160; The accuracy of the unbilled
revenue estimate is affected by energy demand, weather, line losses and changes in the composition of customer classes.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Non-regulated revenues are recorded when products have been delivered or services have been performed, the amount of
revenue can be reliably measured and collectability is reasonably assured</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Revenues for energy marketing
and trading operations are presented on a net basis, reflecting the nature of the contractual relationships with customers and suppliers.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company records the net investment in a
lease under the direct finance method for Emera Brunswick Pipeline, which consists of the sum of the minimum lease payments and residual value net of estimated executory costs and unearned income.</font><font
color=#00B050 face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> The difference between the gross investment and the
cost of the leased item for a direct financing lease is recorded as unearned income at the inception of the lease.&#160; The unearned income is recognized in income over the life of the lease using a constant rate of interest equal to the internal
rate of return on the lease and is recorded as &#8220;Operating revenues &#8211; regulated gas&#8221; on the Consolidated Statements of Income.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other revenues are recognized when services
are performed or goods delivered. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_140aa4831907467ba75b71e50_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Property, Plant and Equipment
</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_7e48d8217ede4cfa8708cb624"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Property, plant and equipment are recorded at original cost, including allowance for funds used during construction (&#8220;AFUDC&#8221;) or capitalized interest, net of
contributions received in aid of construction.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The cost of additions, including betterments and replacements of units of property, plant and equipment are included in &#8220;Property, plant and equipment&#8221;.&#160;
When units of regulated property, plant and equipment are replaced, renewed or retired, their cost plus removal or disposal costs, less salvage proceeds, is charged to accumulated depreciation, with no gain or loss reflected in income.&#160; Where a
disposition of non-regulated property, plant and equipment occurs, gains and losses are included in income as the dispositions occur.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_7e48d8217ede4cfa8708cb624_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_ca73d6a3117241a69ecbb9386"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The cost of property, plant and equipment represents the original cost of materials, contracted services, direct labour, AFUDC for regulated
property or interest for non-regulated property, asset retirement obligations (&#8220;ARO&#8221;) and overhead attributable to the capital project.&#160; Overhead includes corporate costs such as finance, information technology and executive, along
with other costs related to support functions, employee benefits, insurance, procurement, and fleet operating and maintenance.&#160; Expenditures for project development are capitalized if they are expected to have a future economic
benefit.</font></font><a name="xbrl_ts_ca73d6a3117241a69ecbb9386_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Normal maintenance projects are expensed as incurred.&#160; Planned major maintenance projects that do not increase the overall life of the related assets are
expensed.&#160; When a major maintenance project increases the life or value of the underlying asset, the cost is capitalized.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_abb6779b5455465188794f4f0"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Depreciation is determined by the straight-line method, based on the estimated remaining service lives of the depreciable assets in each functional class of depreciable
property.&#160; The service lives of regulated assets require the appropriate regulatory approval. </font></font><a name="xbrl_ts_abb6779b5455465188794f4f0_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Intangible assets consist primarily of
computer software, land rights and naming rights with definite lives.&#160; Amortization is determined by the straight-line method, based on the estimated remaining service lives of </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">121</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_122"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">the asset in each category.&#160; The service lives of regulated intangible assets require the
appropriate regulatory approval.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="_toc311109886"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Goodwill</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Goodwill is calculated as the excess of the purchase price of an acquired entity over the estimated fair values of assets acquired and liabilities assumed at the
acquisition date.&#160; Goodwill is carried at initial cost less any write-down for impairment.&#160; Under the applicable accounting guidance, goodwill is subject to an annual assessment for impairment at the reporting unit level.&#160; See note
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">23&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> for further detail.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income Taxes and Investment Tax
Credits</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_373e6c4accda4712b5bde4277"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera recognizes deferred income tax assets and liabilities for the future tax consequences of events that have been included in the financial statements or income tax
returns.&#160; Deferred income tax assets and liabilities are determined based on the difference between the carrying value of assets and liabilities on the Consolidated Balance Sheets and their respective tax bases using enacted tax rates in effect
for the year in which the differences are expected to reverse.&#160; Emera recognizes the effect of income tax positions only when it is more likely than not that they will be realized.&#160; Management reviews all readily available current and
historical information, including forward-looking information, and the likelihood that deferred tax assets will be recovered from future taxable income is assessed and assumptions about the expected timing of the reversal of deferred tax assets and
liabilities are made.&#160; If management subsequently determines that it is likely that some or all of a deferred income tax asset will not be realized, then a valuation allowance is recorded to report the balance at the amount expected to be
realized. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Generally, investment tax credits are
recorded as a reduction to income tax expense in the current or future periods to the extent that realization of such benefit is more likely than not.&#160; Investment tax credits earned by TECO Energy and Emera Maine on regulated assets are
deferred and amortized over the estimated service lives of the related properties, as required by state regulatory practices.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Emera&#8217;s rate-regulated subsidiaries recognize regulatory assets or liabilities where the deferred income taxes are
expected to be recovered from or returned to customers in future rates, unless specifically directed by a regulator to flow deferred income taxes through earnings.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-GB style="font-size:10.0pt;line-height:normal;">Emera classifies interest
and penalties associated with unrecognized tax benefits as interest and operating expense, respectively.&#160; </font></font><a name="xbrl_ts_373e6c4accda4712b5bde4277_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="_toc311109888"></A><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Derivatives
 and Hedging Activities</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_7b2734faf34b4bf1a298b9df1"></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s risk management
policies and procedures provide a framework through which management monitors various risk exposures.&#160; The risk management policies and practices are overseen by the Board of Directors.&#160; The Company has established a number of processes
and practices to identify, monitor, report on and mitigate material risks to the Company.&#160; This includes establishment of the Enterprise Risk Management Committee, whose responsibilities include preparing and updating a &#8220;Risk
Dashboard&#8221; for the Board of Directors on a quarterly basis.&#160; Furthermore, a corporate team independent from operations is responsible for tracking and reporting on market and credit risks.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company manages its exposure to normal
operating and market risks relating to commodity prices, foreign exchange and interest rates through contractual protections with counterparties where practicable, and by using financial instruments consisting mainly of foreign exchange forwards and
swaps, interest rate options and swaps, and coal, oil and gas futures, options, forwards and swaps.&#160; In addition, the Company has contracts for the physical purchase and sale of natural gas.&#160; These physical and financial contracts are
classified as held-for-trading (&#8220;HFT&#8221;).&#160; Collectively, these contracts are considered derivatives.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">122</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_123"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company recognizes the fair value of all its derivatives on its balance sheet, except for non-financial derivatives that meet the normal purchases and normal sales
(&#8220;NPNS&#8221;) exception.&#160; A physical contract generally qualifies for the NPNS exception if the transaction is reasonable in relation to the Company&#8217;s business needs, the counterparty owns or controls resources within the proximity
to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty creditworthy.&#160; Emera continually assesses contracts designated under the NPNS exception and will
discontinue the treatment of these contracts under this exemption where the criteria are no longer met. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives qualify for hedge accounting if they meet stringent documentation requirements, and can be proven to effectively hedge the identified risk both at the
inception and over the term of the instrument.&#160; Specifically, for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is
realized.&#160; Any ineffective portion of the change in the fair value of the cash flow hedges is recognized in net income in the reporting period.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Where the documentation or effectiveness
requirements are not met, the derivatives are recognized at fair value, with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives entered into by Tampa Electric,
PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for which the NPNS exception has not been taken, are subject to regulatory accounting treatment.&nbsp; These derivatives are recorded at fair value on the balance sheet as
derivative assets or liabilities. The change in fair value of the derivatives is deferred to a regulatory asset or liability.&nbsp; The gain or loss is recognized in the hedged item when the hedged item is settled.&nbsp; Management believes that any
gains or losses resulting from settlement of these derivatives related to fuel for generation and purchased power will be refunded to or collected from customers in future rates.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives that do not meet any of the
above criteria are designated as HFT derivatives and are recorded on the balance sheet at fair value, with changes normally recorded in net income of the period, unless deferred as a result of regulatory accounting.&#160; The Company has not elected
to designate any derivatives to be included in the HFT category where another accounting treatment would apply.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera classifies gains and losses on
derivatives as a component of fuel for generation and purchased power, other expenses, inventory and property, plant and equipment, depending on the nature of the item being economically hedged.&#160; Transportation capacity arising as a result of
marketing and trading transactions is recognized as an asset in &#8220;Other&#8221; and amortized over the period of the transportation contract term.&#160; Cash flows from derivative activities are presented in the same category as the item being
hedged within operating or investing activities on the Consolidated Statements of Cash Flows.&#160; Non-hedged derivatives are included in operating cash flows on the Consolidated Statements of Cash Flows.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_7b2734faf34b4bf1a298b9df1_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_92b24b6e6a184087a6081ae43"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives, as reflected on the Consolidated Balance Sheets, are not offset by the fair value amounts of cash collateral with the same
counterparty.&#160;
 Rights to reclaim cash collateral are recognized in &#8220;Receivables, net&#8221; and obligations to return cash collateral are recognized in &#8220;Accounts payable&#8221;.</font></font><a name="xbrl_ts_92b24b6e6a184087a6081ae43_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Cash and Cash
Equivalents</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_da086b075c6c4a759f25d0d89"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash equivalents consist of highly liquid short-term investments with original maturities of three months or less at acquisition.&#160; Total short-term investments of
$183 million have an effective interest rate of 0.6 per cent at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $78 million with an effective interest rate of 0.6 per cent). </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_da086b075c6c4a759f25d0d89_bclend"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Receivables and Allowance for
Doubtful Accounts</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_264431ea034847f89264eda7e"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Customer receivables are recorded at the invoiced amount and do not bear interest.&#160; </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Standard payment terms for electricity and gas sales are approximately 30 days.&#160; </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A late payment fee may be assessed on account balances after the due date. </font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">123</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_124"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company is exposed to credit risk with respect to amounts receivable from customers.&#160; Credit risk assessments are conducted on all new customers and deposits are
requested on any high risk accounts.&#160; The Company also maintains provisions for potential credit losses, which are assessed on a regular basis.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Management estimates uncollectible accounts
receivable after considering historical loss experience, customer deposits, current events and the characteristics of existing accounts.&#160; Provisions for losses on receivables are expensed to maintain the allowance at a level considered adequate
to cover expected losses.&#160;
 Receivables are written off against the allowance when they are deemed uncollectible.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_264431ea034847f89264eda7e_bclend"></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Inventory</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_63121756840245adb5c215ac5"></A><font color=windowtext face=Arial,sans-serif style="border:none;"><font
color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Fuel and materials inventories are valued using the weighted-average cost method. These inventories are carried at the lower of weighted-average cost or
net realizable value, unless evidence indicates that the weighted-average cost will be recovered in future customer rates. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=windowtext face=Arial,sans-serif style="border:none;"><font color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=windowtext face=Arial,sans-serif style="border:none;"><font
color=windowtext face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emission credits inventory are measured using the first-in-first-out method.&#160; Emission credits inventory is recognized in inventory when purchased,
or allocated by the respective government agency.</font></font><a name="xbrl_ts_63121756840245adb5c215ac5_bclend"></A><a name="xbrl_ts_f4723e3e115c42b397eb3233f_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_4d977ad14ed34ee39f8326db5"></A><a name="_toc311109884"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Asset Impairment</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fde52d175da3467dbbdb72c34"></A><font
style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Goodwill </font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Goodwill is not amortized, but is subject to an annual impairment test.&#160; Emera&#8217;s reporting units containing goodwill assess
qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount during the fourth quarter of each year, and interim impairment tests are performed when impairment
indicators are present.&#160; If it is more likely than not that a reporting unit&#8217;s fair value is less than its carrying amount, the Company calculates the fair value of the reporting unit. The carrying amount of the reporting unit&#8217;s
goodwill is considered not recoverable if the carrying amount of the reporting unit as a whole exceeds the reporting unit&#8217;s fair value.&#160; An impairment charge is recorded for any excess of the carrying value of the goodwill over the
implied fair value.&#160; See note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">23&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> for further
detail.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cost and Equity Method
Investments</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The carrying value of investments accounted
for under the cost and equity methods are assessed for impairment by comparing the fair values of these investments to their carrying values, if a fair value assessment was completed, or by reviewing for the presence of impairment indicators.&#160;
If an impairment exists and it is determined to be other-than-temporary, a charge is recognized in earnings equal to the amount the carrying value exceeds the investment&#8217;s fair value.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Financial Assets</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company assesses at each balance sheet
date whether there is objective evidence that a financial asset or a group of financial assets is impaired.&#160; In the case of equity securities classified as available-for-sale, an other than temporary decline in the fair value of the security
below its cost is considered as an indicator that the securities are impaired.&#160; In the case of debt securities classified as available-for-sale, a breach of contract, such as default or delinquency in interest or principal payments, or evidence
of significant financial difficulty of the issuer is considered an indicator of impairment.&#160; If any such evidence exists for available-for-sale financial assets, the cumulative loss, measured as the difference between the acquisition cost and
the current fair value, less any impairment loss on that financial asset previously recognized in income, is removed from AOCI and recognized in the Consolidated Statements of Income. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fde52d175da3467dbbdb72c34_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="_toc311109887"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Asset Retirement
Obligation</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">s</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_7cca0ef0144a4b08a22624628"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">124</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_125"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">An ARO is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a
long-lived asset.&#160; A legal obligation may exist under an existing or enacted law or statute, written or oral contract, or by legal construction under the doctrine of promissory estoppel.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">An ARO represents the fair value of the
estimated cash flows necessary to discharge the future obligation using the Company&#8217;s credit adjusted risk-free rate.&#160; The amounts are reduced by actual expenditures incurred.&#160; Estimated future cash flows are based on completed
depreciation studies, remediation reports, prior experience, estimated useful lives and governmental regulatory requirements.&#160; The present value of the liability is recorded and the carrying amount of the related long-lived asset is
correspondingly increased.&#160; The amount capitalized at inception is depreciated in the same manner as the related long-lived asset.&#160; Over time, the liability is accreted to its estimated future value.&#160; Accretion expense is included as
part of &#8220;Depreciation and amortization&#8221;.&#160; Any regulated accretion expense not yet approved by the regulator is deferred to a regulatory asset in &#8220;Property, plant and equipment&#8221; and included in the next depreciation
study.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Some transmission and distribution assets
may have conditional AROs, which are required to be estimated and recorded as a liability.&#160; A conditional ARO refers to a legal obligation to perform an asset retirement activity in which the timing and/or method of settlement are conditional
on a future event that may or may not be within the control of the entity.&#160; Management monitors these obligations and a liability is recognized at fair value when an amount can be determined.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_7cca0ef0144a4b08a22624628_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="_toc311109890"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Variable Interest Entities</font></b></font></h3> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_0355888dc3ba40bb9adbe1100"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company performs ongoing analysis to assess whether it holds any VIEs.&#160; </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To identify potential VIEs, management reviews contracts under leases, long-term purchase power agreements, tolling contracts and jointly owned facilities.&#160;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">VIEs of which the Company is deemed the
primary beneficiary must be consolidated.&#160; The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obligation to absorb losses or the right to
receive benefits of the entity that could potentially be significant to the entity.&#160; In circumstances where Emera is not deemed the primary beneficiary, the VIE is not consolidated in the Company&#8217;s consolidated financial
statements.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_0355888dc3ba40bb9adbe1100_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Franchise Fees and Gross
Receipts</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_de2687437663495e995fa7781"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Tampa Electric and PGS are allowed to recover from customers certain costs incurred, on a dollar-for-dollar basis, through prices approved by the Florida Public Service
Commission (&#8220;FPSC&#8221;). The amounts included in customers&#8217; bills for franchise fees and gross receipt taxes are included as revenues in the Consolidated Statements of Income.&#160; Franchise fees and gross receipt taxes payable by
Tampa Electric and PGS are included as an expense on the Consolidated Statements of Income in &#8220;Provincial, state and municipal taxes&#8221;.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NMGC is an agent in the collection and
payment of franchise fees and gross receipt taxes and is not required by a tariff to present the amounts on a gross basis.&#160; Therefore, NMGC&#8217;s franchise fees and gross receipt taxes are presented net with no line item impact on the
Consolidated Statement of Income.</font></font><a name="xbrl_ts_4d977ad14ed34ee39f8326db5_bclend"></A><a name="xbrl_ts_de2687437663495e995fa7781_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Stock-Based
Compensation</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_e92f3506efe84a20892d7b851"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has several stock-based compensation plans: a common share option plan for senior management; an employee common share purchase plan; a deferred share unit
(&#8220;DSU&#8221;) plan; and a performance share unit (&#8220;PSU&#8221;) plan.&#160; The Company accounts for its plans in accordance with the fair value based method of accounting for stock-based compensation.&#160; Stock-based compensation cost
is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee&#8217;s or director&#8217;s requisite service period using the graded vesting method.&#160; </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">125</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Stock-based compensation plans recognized as liabilities are measured at fair value and
re-measured at fair value at each reporting date with the change in liability recognized in income.</font></font><a name="xbrl_ts_e92f3506efe84a20892d7b851_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Employee
Benefits</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a0163e0286dc48d992b34dc7a"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The costs of the Company&#8217;s pension and other post-retirement benefit programs for employees are expensed over the periods during which employees render
service.&#160; The Company recognizes the funded status of its defined-benefit and other post-retirement plans on the balance sheet and recognizes changes in funded status in the year the change occurs.&#160; The Company recognizes the unamortized
gains and losses and past service costs in AOCI or regulatory assets.</font></font><a name="xbrl_ts_a0163e0286dc48d992b34dc7a_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_f7113151c98a4737b55c4eff2"></A><a name="_toc311109893"></A><font color=black face=Arial,sans-serif style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">2.</font></b></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;
&nbsp;</font></font><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">C</font></b></font><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">HANGE IN ACCOUNTING POLICY</font></b></font><a name="xbrl_ts_f7113151c98a4737b55c4eff2_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bookmarkname1></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The new USGAAP
accounting policies that are applicable to, and were adopted by the Company in 2016, with no material impact on its consolidated financial statements, are described as follows: </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Consolidation</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In February 2015, the Financial Accounting
Standards Board (&#8220;FASB&#8221;) issued Accounting Standard Update (&#8220;ASU&#8221;) 2015-02, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Consolidation, </font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">which changes the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities.&#160; Some of the more notable
amendments are (1) the identification of variable interests when fees are paid to a decision maker or service provider, (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary
determination.&#160; All legal entities were subject to re-evaluation under the revised consolidation model.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest &#8211; Imputation of Interest</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In April 2015, the FASB issued&nbsp;ASU 2015-03,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest &#8211; Imputation of Interest</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which simplifies
the presentation of debt issuance costs.&nbsp; The amendments require debt issuance costs be presented on the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.&#160; The
recognition and measurement guidance for debt issuance costs is not affected.&nbsp; The Company adopted this standard in Q1 2016 and December 31, 2015 balances have been retrospectively restated.&#160; This change resulted in $62 million of debt
issuance costs, as at December 31, 2015, previously presented as &#8220;Other long-term assets&#8221;, being reclassified as a deduction from the carrying amount of the related long-term debt and &#8220;Convertible debentures&#8221; on its
Consolidated Balance Sheets.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In accordance with ASU 2015-15 </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest: Imputation of Interest</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, the Company continues to present debt issuance costs related to its revolving credit facilities and related instruments in &#8220;Other long-term assets&#8221; on its
Consolidated Balance Sheets. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Retirement Benefits</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In April 2015, the FASB issued ASU 2015-04,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Retirement Benefits, </font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">which is part of
FASB&#8217;s initiative to reduce complexity in accounting standards.&nbsp; This standard provides certain practical expedients for defined benefit pension or other post-retirement benefit plan measurement dates.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Intangibles
</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Goodwill and Other
</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Internal-Use Software</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In April 2015, the FASB issued ASU 2015-05,</font><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font></b><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Intangibles </font></i><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;&nbsp;</font></b><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Goodwill and Other </font></i><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211;&nbsp;</font></b><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Internal-Use Software, </font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">which provides guidance to customers about whether a
cloud computing arrangement includes a software license.&nbsp; If a cloud computing arrangement includes a software license, the customer would account for the software license element of the arrangement consistent with the acquisition of other
software licenses. &nbsp;If a cloud computing arrangement does not include a software license, the customer would account for the arrangement as a service contract.&nbsp; The guidance does not change USGAAP for a customer&#8217;s accounting for
service contracts.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Inventory &#8211; Simplifying the
Measurement of Inventory</font></b></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">126</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_127"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In July 2015, the FASB issued&nbsp;ASU 2015-11, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Inventory&nbsp;</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Simplifying the Measurement of Inventory</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The amendments require an entity to measure inventory </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">at the
lower of cost or net realizable value, whereas previously, inventory was measured at the lower of cost or market.&#160; The Company early adopted in 2016, as permitted.&nbsp; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives and Hedging &#8211; Effect of
Derivative Contract Novations on Existing Hedge Accounting Relationships</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In March 2016, the FASB issued ASU 2016-05, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivatives and Hedging Effect of
Derivative Contract Novations on Existing Hedge Accounting Relationships</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard clarifies that a change in the counterparty to a derivative
contract, in and of itself, does not require the de-designation of a hedging relationship provided that all other hedge ac</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">counting criteria
continue to be met.&#160; The Company early adopted in 2016, as permitted.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investments &#8211; Equity Method and Joint Ventures</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In March 2016, the FASB issued&nbsp;ASU 2016-07,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investments &#8211; Equity Method and Joint Ventures</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which
is part of FASB&#8217;s initiative to reduce complexity in accounting standards.&#160; This standard eliminates the requirements of an investor to retroactively account for an investment under the equity method when an </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">investment qualifies for equity method accounting.&#160; The Company early adopted in 2016, as permitted.</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp; &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Stock Compensation </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In March 2016, the FASB issued ASU 2016-09,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation &#8211; Stock Compensation</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> to simplify several
aspects of the accounting for share-based payment transactions, including the income tax consequences, accounting for forfeitures, classification of awards as either equity or liabilities and presentation on the </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">statement of cash flows.&#160; The Company early adopted in 2016, as permitted.&#160; </font></font><a name="bookmarkname1_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c3654d29ea444ed0bbda4a880"></A><a name="_toc311109894"></A><font color=black face=Arial,sans-serif style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">3.</font></b></font><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;
 FUTURE ACCOUNTING PRONOUNCEMENTS</font></b></font><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;"> &nbsp;
</font></b></font><a name="xbrl_ts_c3654d29ea444ed0bbda4a880_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bookmarkname2></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company
considers the applicability and impact of all ASUs issued by FASB.&#160; The following updates have been issued by FASB, but have not yet been adopted by Emera.&#160; Any ASUs not included below were assessed and determined to be either not
applicable to the Company or have minimal impact on the consolidated financial statements.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenue from Contracts with Customers</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In May 2014, the FASB issued ASU 2014-09, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Revenue
from Contracts with Customers</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, which creates a new, principle-based revenue recognition framework, which has been codified as ASC Topic 606.&nbsp; The
FASB issued amendments to ASC Topic 606 during 2016 to clarify certain implementation guidance and to reflect narrow scope improvements and practical expedients.&#160; The core principle is that a company should recognize revenue when it transfers
promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled to.&nbsp; The guidance will require additional disclosures regarding the nature, amount, timing and uncertainty of
revenue and related cash flows arising from contracts with customers.&nbsp; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017 and will allow for either
full retrospective adoption or modified retrospective adoption.&nbsp; The Company will adopt this guidance effective January 1, 2018.&nbsp; The Company has implemented a project plan and is in the process of evaluating the impact of adoption of this
standard on its consolidated financial statements and disclosures.&#160; This includes evaluating the available adoption methods, accounting for contributions in aid of construction and contract acquisition costs, the impact of collectability risk,
unique contract characteristics in the Company&#8217;s non-regulated businesses and disclosure requirements.&#160; The Company is also monitoring the assessment of ASC Topic 606 by the AICPA Power and Utilities Revenue Recognition Task Force.&#160;
The ultimate impact of the adoption of ASC Topic 606, and the method of adoption, has not yet been finalized.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Recognition and Measurement of Financial Assets and Financial Liabilities</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In January 2016, the FASB issued&nbsp;ASU
2016-01, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Financial Instruments </font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; </font><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Recognition and Measurement of Financial Assets and Financial
Liabilities</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The standard provides guidance for the recognition, </font></font>
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<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">127</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">measurement, presentation and disclosure of financial assets and liabilities.&nbsp; This
guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017. &nbsp;The Company is currently evaluating the impact of adoption of this standard on its consolidated
financial statements.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Leases</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In February 2016, the FASB issued&nbsp;ASU
2016-02, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Leases.</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp; The standard, codified as ASC Topic
842, increases transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet for leases with terms of more than 12 months.&nbsp; Under the existing guidance, operating leases are not recorded as
lease assets and lease liabilities on the balance sheet.&nbsp; The effect of leases on the Consolidated Statements of Income and the Consolidated Statements of Cash Flows is largely unchanged.&nbsp; The guidance will require additional disclosures
regarding key information about leasing arrangements.&#160; This guidance is effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2018.&nbsp; Early adoption is permitted, and is
required to be applied using a modified retrospective approach. &nbsp;The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Measurement of Credit Losses on Financial
Instruments</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In June
2016, the FASB issued ASU 2016-13, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Measurement of Credit Losses on Financial Instruments</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard provides guidance regarding the measurement of credit losses for financial assets and certain other instruments that are not accounted for at fair
value through net income, including trade and other receivables, debt securities, net investment in leases, and off-balance sheet credit exposures.&#160; The new guidance requires companies to replace the current incurred loss impairment methodology
with a methodology that measures all expected credit losses for financial assets based on historical experience, current conditions, and reasonable and supportable forecasts.&#160; The guidance expands the disclosure requirements regarding credit
losses, including the credit loss methodology and credit quality indicators.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.&#160; Early adoption is
permitted for annual reporting periods, including interim periods after December 15, 2018 and will be applied using a modified retrospective approach.&#160; The Company is currently evaluating the impact of adoption of this standard on its
consolidated financial statements.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In August 2016, the FASB issued ASU 2016-15,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard provides guidance regarding the classification of certain cash receipts and cash payments on the statement of cash flows, where specific guidance is
provided for issues not previously addressed.&#160; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017, with early adoption permitted, and is required to
be applied on a retrospective approach.&#160; The Company is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Restricted Cash on the Statement of Cash
Flows</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In November
2016, the FASB issued ASU 2016-18, </font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Restricted Cash on the Statement of Cash Flows</font></i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard will require the Company to show the changes in total cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash
flows.&#160; Transfers between cash and cash equivalents and restricted cash and restricted cash equivalents will no longer be presented in the statement of cash flows.&#160; This guidance will be effective for annual reporting periods, including
interim reporting within those periods, beginning after December 15, 2017, with early adoption permitted, and is required to be applied on a retrospective approach.&#160; The Company is currently evaluating the impact of adoption of this standard on
its consolidated statement of cash flows.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><b><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Clarifying the Definition of a Business</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In January 2017, the FASB issued ASU 2017-01,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Clarifying the Definition of a Business</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The standard
provides guidance to assist entities with evaluating when a set of transferred assets and activities is a business.&#160; This guidance will be effective for annual reporting periods, including interim reporting within </font></font>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">those periods, beginning after December 15, 2017, with early adoption permitted and is required
to be applied prospectively.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Simplifying the Test for Goodwill Impairment </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In January 2017, the FASB issued ASU 2017-04,
</font><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Simplifying the Test for Goodwill Impairment</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp; The
standard provides guidance to simplify the subsequent measurement of goodwill by eliminating the second step of the quantitative test.&nbsp; The new guidance does not amend the optional qualitative assessment of goodwill impairment.&nbsp; This
guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.&nbsp; Early adoption is permitted for interim or annual goodwill impairment tests performed on testing
dates after January 1, 2017.&nbsp; The guidance is required to be applied prospectively.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="bookmarkname2_bclend"></A><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_b2bffc208bd54b7dad0db6284"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">4.</font></b></font><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160; ACQUISITION</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO ENERGY INC.</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July 1, 2016, Emera acquired all of the outstanding common shares of TECO Energy for $<a name="xbrl_cs_f42613e48b6d45b08a9489c9e">
</A>27.55 <a name="xbrl_cs_f42613e48b6d45b08a9489c9e_bclend"></A>USD per common share. The net cash purchase price totaled $<a name="xbrl_cs_eaccf2fb9fdb4c5fabc8d946d"></A>8.4<a name="xbrl_cs_eaccf2fb9fdb4c5fabc8d946d_bclend"></A> billion ($<a name="xbrl_cs_d2f32ee5834345459c81a8a3d">
</A>6.5<a name="xbrl_cs_d2f32ee5834345459c81a8a3d_bclend"></A> billion USD), with an aggregate purchase price of $<a name="xbrl_cs_059a5240eaa94ee7a132a5eb8"></A>13.9<a name="xbrl_cs_059a5240eaa94ee7a132a5eb8_bclend"></A> billion ($<a name="xbrl_cs_4d5a91c7d9114b0a9a61ed189">
</A>10.7 <a name="xbrl_cs_4d5a91c7d9114b0a9a61ed189_bclend"></A>billion USD), including the assumption of $<a name="xbrl_cs_224213e6c71748679e4a6b61c"></A>5.5<a name="xbrl_cs_224213e6c71748679e4a6b61c_bclend"></A> billion ($<a name="xbrl_cs_5bbab62a8f054e6ba090730d0">
</A>4.2<a name="xbrl_cs_5bbab62a8f054e6ba090730d0_bclend"></A> billion USD) in US debt on closing. The net cash purchase price was financed through: (i) $<a name="xbrl_cs_98d56f7b98ff403ca58117d63"></A>728<a name="xbrl_cs_98d56f7b98ff403ca58117d63_bclend">
</A> million ($<a name="xbrl_cs_015cad1833b14c739785d2db6"></A>560<a name="xbrl_cs_015cad1833b14c739785d2db6_bclend"></A> million USD) related to the first instalment of convertible debentures represented by instalment receipts issued in 2015, $<a name="xbrl_cs_86b8478d49f5446590b3f5815">
</A>1.56 <a name="xbrl_cs_86b8478d49f5446590b3f5815_bclend"></A>billion ($<a name="xbrl_cs_0468fb1ffedd439eadaa4ca4b"></A>1.2 <a name="xbrl_cs_0468fb1ffedd439eadaa4ca4b_bclend"></A>billion USD) fixed-to-floating subordinated notes, $<a name="xbrl_cs_6fbb18c20e394becacdb22d2d">
</A>500<a name="xbrl_cs_6fbb18c20e394becacdb22d2d_bclend"></A> million ($<a name="xbrl_cs_e09527f29055401a8b3e8635d"></A>384<a name="xbrl_cs_e09527f29055401a8b3e8635d_bclend"></A> million USD) in Canadian long-term debt and $<a name="xbrl_cs_03a881043cb44770bc1348d9e">
</A>4.2<a name="xbrl_cs_03a881043cb44770bc1348d9e_bclend"></A> billion ($<a name="xbrl_cs_c8d9eb8697c8412f8307d8920"></A>3.25 <a name="xbrl_cs_c8d9eb8697c8412f8307d8920_bclend"></A>billion USD) in US long-term senior unsecured notes; (ii) available
cash on hand; and (iii) drawings of $<a name="xbrl_cs_94d46114753246fa99be168d4"></A>1.4 <a name="xbrl_cs_94d46114753246fa99be168d4_bclend"></A>billion ($<a name="xbrl_cs_a599a3384fb94d4abf134f91c"></A>1.1 <a name="xbrl_cs_a599a3384fb94d4abf134f91c_bclend">
</A>billion USD) on the Company&#8217;s acquisition credit facility.&#160; </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Total proceeds of the debt, that were not otherwise required to
complete the acquisition, have been used for general corporate purposes.</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On August 2, 2016, the convertible debenture
Final Instalment Date, Emera received the remaining two thirds of the convertible debenture instalments (note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">10</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">), for net proceeds of $<a name="xbrl_cs_33c6d4e283564ce3b42412b3c"></A>1.4 <a name="xbrl_cs_33c6d4e283564ce3b42412b3c_bclend"></A>billion. These funds were used to repay
the Company&#8217;s acquisition credit facility.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Energy is an energy-related holding company with regulated electric and gas utilities in Florida and New Mexico. TECO Energy&#8217;s holdings include Tampa Electric,
an integrated regulated electric utility in West Central Florida, PGS, a regulated gas distribution utility serving customers across Florida, and NMGC, a regulated gas distribution utility in New Mexico.</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The majority of TECO Energy&#8217;s operations are subject to the rate-setting authority of the Federal Energy Regulatory Commission (&#8220;FERC&#8221;), Florida Public
Service Commission (&#8220;FPSC&#8221;), and New Mexico Public Regulation Commission (&#8220;NMPRC&#8221;), and are accounted for pursuant to USGAAP, including the accounting guidance for regulated operations. Except for unregulated long-term debt
acquired and deferred taxes, preliminary fair values of tangible and intangible assets and liabilities subject to these rate-setting provisions approximate their carrying values due to the fact that a market participant would not expect to recover
any more or less than their net carrying value.&#160; Accordingly, assets acquired and liabilities assumed and pro-forma financial information do not reflect any adjustments related to these amounts. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Acquisition is accounted for in
accordance with the acquisition method of accounting. The excess of purchase price over estimated fair values of assets acquired and liabilities assumed has been recognized as goodwill at the acquisition date of July 1, 2016. The goodwill reflects
the value paid for access to regulated assets, net income and cash flows in growth markets, opportunities for adjacency growth, long-term potential for enhanced access to capital as a result of increased scale and business diversity, and an improved
earnings risk profile. The goodwill recognized as part of this transaction is not deductible for income tax purposes, and as such, no deferred taxes have been recorded related to this goodwill.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">129</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_130"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table summarizes the preliminary allocation of the purchase consideration to the assets and liabilities acquired as at July 1, 2016 based on their fair
values, using the July 1, 2016 exchange rate of $1.00 USD = $<a name="xbrl_cs_6067062619564371b1ce52e1c"></A>1.3009<a name="xbrl_cs_6067062619564371b1ce52e1c_bclend"></A> CAD. &#160;The allocation of the preliminary purchase consideration is
considered preliminary due to the continued evaluation and analysis of deferred income taxes and the allocation of goodwill between reporting units. </font></font><a name="xbrl_ts_b2bffc208bd54b7dad0db6284_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=3 valign=top width=100% style="border:none;border-bottom:solid black 1.0pt;height:15.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian
dollars</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchase Consideration</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8,447</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair value assigned to net assets:</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current assets </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">619</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory assets (including current portion)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">624</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property, plant and equipment, net</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10,023</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other long-term assets</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">71</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current liabilities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(747)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assumed long-term debt (including current portion)</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(5,409)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory liabilities (including current portion)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(1,117)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income taxes </font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(800)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pension and post-retirement liabilities (including current portion)</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(480)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other long-term liabilities</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(146)</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,638</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">38</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair value of net assets acquired</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,676</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=85% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Goodwill</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5,771</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=3 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Includes accounts receivables with fair value of $334 million comprised of gross contract value of $337 million, and $3 million of contractual receivables
not expected to be collected. </font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Goodwill has been preliminarily allocated to the TECO Energy reporting units and is subject to change as additional information is obtained through the
purchase price allocation process. </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Reporting Unit</font></p> </td>
<td colspan=2 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=2 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Goodwill</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,552</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">PGS</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 744</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">New Mexico Gas </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Goodwill</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5,771</font></b></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_edd9c2740c1b471782499e13b"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Goodwill is subject to an annual assessment for impairment at the reporting unit level. Adverse changes in assumptions could result in a material impairment of
Emera&#8217;s goodwill (note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">23</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">).&nbsp;
</font></font><a name="xbrl_ts_edd9c2740c1b471782499e13b_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_bc7a44fad75840b8a121f0d44"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Acquisition Related Expenses</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Acquisition related expenses totaled $<a name="xbrl_cs_438ef95a019043d69cdf8821c">
</A>250<a name="xbrl_cs_438ef95a019043d69cdf8821c_bclend"></A> million ($166 million after-tax) and $<a name="xbrl_cs_8bf7d154451e4aa5b28dc9639"></A>76<a name="xbrl_cs_8bf7d154451e4aa5b28dc9639_bclend"></A> million ($53 million after-tax) for the
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">twelve </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">months ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and 2015, respectively.&#160; These costs have
been recognized in the Consolidated Statements of Income as follows:</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_bc7a44fad75840b8a121f0d44_bclend"></A><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">130</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_131"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=66% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenues &#8211; regulated gas</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating, maintenance, and general</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
89</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest expense, net</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
148</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income (expenses), net </font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(84)&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(23)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Acquisition related costs</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
166</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_11749609d9f04da7a9772c013"></A><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As part of the acquisition the Company has agreed to fund certain commitments in New Mexico.&#160; These commitments
include contributions relating to economic development, donations, construction of an enlarged pipeline to the New Mexico/Mexico border, establishment of a matching fund to extend gas infrastructure in New Mexico and an annual customer bill
reduction credit through June 30, 2018.&#160; For the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016,</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> Emera recognized $</font></font><a name="xbrl_cs_e93cc1f5064e4fa6a5d232b19"></A><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">10</font></font><a name="xbrl_cs_e93cc1f5064e4fa6a5d232b19_bclend"></A><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million in &#8220;Operating revenues - Regulated gas&#8221; and $<a name="xbrl_cs_610e52d767ac495087f32d687"></A>30<a name="xbrl_cs_610e52d767ac495087f32d687_bclend"></A>
million in &#8220;Operating, maintenance, and general&#8221; associated with these commitments for a total of $<a name="xbrl_cs_67d93f2cab574d79bc2c2bd9b"></A>40<a name="xbrl_cs_67d93f2cab574d79bc2c2bd9b_bclend"></A> million ($<a name="xbrl_cs_795519c5051c45cb8fa7d03c3">
</A>23<a name="xbrl_cs_795519c5051c45cb8fa7d03c3_bclend"></A> million after-tax).</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In addition to the New Mexico commitments, operating, maintenance, and general expenses includes acquisition related legal, accounting, banking and advisory fees and the
accelerated vesting of outstanding stock-based compensation awards.&#160; Other income (expenses), net includes foreign exchange gains on acquisition related transactions.&#160; Interest expense, net includes interest incurred on the convertible
debentures represented by instalment receipts and the acquisition credit facility issued for the purpose of financing the TECO Energy acquisition.&#160; In addition, it includes interest for the period between the issuance date and the acquisition
date on acquisition-related debt and the Beneficial Conversion Feature discount expensed on conversion of the convertible debentures.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Supplemental Pro Forma
Data</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The unaudited pro forma financial information below gives effect to the acquisition of TECO Energy as if the transaction had occurred at the beginning of 2015.&#160; This
pro forma data is presented for information purposes only, and does not purport to be indicative of the results that would have occurred had the acquisition taken place at the beginning of 2015, nor is it indicative of the results that may be
expected in future periods.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Pro forma net income attributable to common shareholders excludes all non-recurring acquisition-related expenses incurred by TECO Energy and Emera and includes adjustments
for pro forma financing costs associated with the acquisition.&#160; In addition, net income from TECO Coal, a discontinued operation sold by TECO Energy in 2015 is excluded.&#160; After-tax adjustments increased pro forma net income attributable to
common shareholders by $<a name="xbrl_cs_134ea200edf2408a99afdc980"></A>53<a name="xbrl_cs_134ea200edf2408a99afdc980_bclend"></A> million for the
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">twelve&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> months ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; The </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">twelve&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> months ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> after-tax adjustments were a decrease of $<a name="xbrl_cs_03a7893951124805959471f7d">
</A>35<a name="xbrl_cs_03a7893951124805959471f7d_bclend"></A> million.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Adjustments to pro forma operating revenues resulted in an increase of $<a name="xbrl_cs_b8bae7c016cf47e0aea967d28"></A><a name="xbrl_cs_2f933d7a937e4f41a6de7d84b"></A><a name="xbrl_cs_22d715660e31421597ebefe7f">
</A><a name="xbrl_cs_07b9263082be48619c2a9cbf5"></A>10<a name="xbrl_cs_07b9263082be48619c2a9cbf5_bclend"></A><a name="xbrl_cs_22d715660e31421597ebefe7f_bclend"></A><a name="xbrl_cs_2f933d7a937e4f41a6de7d84b_bclend"></A><a name="xbrl_cs_b8bae7c016cf47e0aea967d28_bclend">
</A> million for the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, with
no adjustment for 2015.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_11749609d9f04da7a9772c013_bclend"></A><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&#160;&nbsp;
</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pro forma operating revenues</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,034</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,297</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=60% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pro forma net income attributable to common shareholders</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
386</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
584</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;
</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_dda1315b4c3541078fbdd4bdb"></A><a name="_toc311109895"></A><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">5.</font></b><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&#160; SEGMENT INFORMATION</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">131</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_132"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera manages its reportable segments
separately due in part to their different geographical, operating and regulatory environments.&#160; Segments are reported based on each subsidiary&#8217;s contribution of revenues, net income attributable to common shareholders and total assets as
reported to the Company&#8217;s chief operating decision maker.&#160;&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">December 31, 2016,</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> Emera has six reportable segments, specifically:</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico (includes TEC, consisting of two divisions:&nbsp; Tampa Electric and PGS, NMGC, their parent company TECO Energy, and TECO Finance, a wholly
owned financing subsidiary of TECO Energy);</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI; &nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Maine; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Caribbean (ECI and its subsidiaries including BLPC, Domlec, GBPC, and an equity investment in Lucelec); </font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Energy (Emera Energy Services, NEGG Facilities, Bayside Power, Brooklyn Energy and an equity investment in Bear Swamp); and</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.5in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;
 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Corporate and Other (Emera Utility Services, ENL, Emera Brunswick Pipeline, Corporate, other strategic investments and holding companies).<a name="xbrl_ts_dda1315b4c3541078fbdd4bdb_bclend">
</A></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera Florida</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Corporate </font></p> </td>
<td colspan=2 valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Inter-</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">and New</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera</font></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera </font></p> </td>
<td colspan=2 valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">and&#160;&#160; </font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">segment</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Mexico
(2)</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">NSPI</font></p>
</td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Maine</font></p>
</td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Caribbean</font></p>
</td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Energy</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other</font></p>
</td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p>
 </td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 nowrap valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">For the year ended December 31, 2016 </font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Operating revenues from external customers (1)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,839</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,356</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
297</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
419</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
298</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
69</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,276</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Inter-segment revenues (1)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Total operating revenues</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,839</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,356</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
297</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
419</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
309</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
93</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(36)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,277</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Allowance for funds used during construction - debt and equity</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
35</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Regulated fuel and fixed cost deferral adjustments</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
61</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
243</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
197</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
51</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
48</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
45</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
588</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest expense (3)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
125</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
127</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
19</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
312</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
600</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest revenue</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Internally allocated interest (4)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(24)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
86</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
100</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(53)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(118)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
172</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(110)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(112)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
227</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Capital expenditures</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
547</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
304</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
85</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
87</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,069</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">As at December 31, 2016 </font></b></p> </td>
<td valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total assets</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
18,016</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,776</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,543</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,331</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,702</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,966</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(113)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
29,221</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Investments subject to significant influence</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
895</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
947</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Goodwill</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
5,957</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
154</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
102</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
6,213</font></b></p> </td> </tr>
<tr style="height:21.95pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="border:none;height:21.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between
non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel
for generation and purchased power.&#160; Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining
reportable segments.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) Corporate and Other Interest expense has been reduced by amortization of $13 million related to the unregulated long-term debt fair market value adjustment
recognized on the acquisition of TECO Energy.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) Segment net income is reported on a basis that includes internally allocated financing costs. </font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">132</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_133"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera Florida</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Corporate </font></p> </td>
<td colspan=2 valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Inter-</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=20% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">and New</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera</font></p> </td>
<td colspan=2 valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera</font></p> </td>
<td colspan=2 valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Emera </font></p> </td>
<td colspan=2 valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">and&#160;&#160; </font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">segment</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Mexico
(2)</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">NSPI</font></p>
</td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Maine</font></p>
</td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Caribbean</font></p>
</td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Energy</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other</font></p>
</td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p>
 </td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">For the year ended December 31, 2015 </font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Operating revenues from external customers (1)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,417</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
284</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
442</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
578</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 68</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,787</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Inter-segment revenues (1)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 24</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(42)&nbsp;
</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Total operating revenues</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,417</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
284</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
450</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
590</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(44)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,789</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Allowance for funds used during construction - debt and equity</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Regulated fuel and fixed cost deferral adjustments</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Depreciation and amortization</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
206</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 47</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
340</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest expense</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
129</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 59</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
222</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest revenue</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Internally allocated interest (3)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 18</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 21</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
108</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 27</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 50</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 93</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
130</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 99</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
397</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Capital expenditures</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
271</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 98</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
487</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">As at December 31, 2015 </font></b></p> </td>
<td nowrap valign=top width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total assets</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
4,721</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,558</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,403</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,919</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
2,663</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(225)&nbsp;
</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
12,039</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Investments subject to significant influence</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 39</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,094</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
1,145</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Goodwill</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
158</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
106</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
264</font></p> </td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="border:none;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between
non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel
for generation and purchased power.&#160; Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining
reportable segments.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. </font></p> </td> </tr>
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=17 valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) Segment net income is reported on a basis that includes internally allocated financing costs. </font></p> </td> </tr> </table></div>
<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">133</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_134"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:11.25pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=top width=100% style="height:11.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Geographical Information</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Revenues(1):</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=29% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Canada</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,510</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,546</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">United States</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,348</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
786</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Barbados</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
254</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
259</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The Bahamas</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
121</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
154</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dominica</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
44</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,277</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,789</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(1) Revenues are based on country of origin of the product or service sold</font></p> </td>
<td nowrap valign=bottom width=5% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property Plant and Equipment:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at </font></p> </td>
<td colspan=2 valign=top width=15% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Canada</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,791</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,672</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">United States</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12,724</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,034</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Barbados</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
416</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
402</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">The Bahamas</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
295</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
299</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Dominica</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
64</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 62</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17,290</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,469</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_8e6d49e2f71f4f30aea1e036b"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">6.&#160; </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE AND EQUITY INCOME</font></b></font><a name="xbrl_ts_8e6d49e2f71f4f30aea1e036b_bclend"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">134</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_135"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=10 nowrap valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investments subject to significant influence consisted of the following:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 nowrap valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity Income</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Percentage</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Carrying Value</font></p> </td>
<td colspan=4 nowrap valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended</font></p> </td>
<td nowrap valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">of</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 nowrap valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at December
31</font></p> </td>
<td colspan=4 nowrap valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December
31</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Ownership</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">LIL </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
400</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
208</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
62.7</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPML</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
315</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
188</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100.0</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">M&amp;NP</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (2)</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
175</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
189</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12.9</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Lucelec </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 39</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19.1</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">APUC&#160; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
504</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bear Swamp</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (4)</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
50.0</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other Investments</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
947</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,145</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
108</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=10 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Emera indirectly owns 100 per cent of the Class B units, which comprises 24.9 per cent of the total units issued.</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=10 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Although Emera&#8217;s ownership percentage of these entities is relatively low, it is considered to have significant influence over the operating and
financial decisions of these companies through Board representation. Therefore, Emera records its investment in these entities using the equity method.&#160; This is consistent with industry practice for similar investments with significant
influence.</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=10 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) On May 24, 2016, Emera completed the sale of 50.1 million common shares or 19.3 per cent of APUC's issued and outstanding common shares.&#160; This resulted
in a pre-tax gain of $172 million (after-tax gain of $146 million), which was recorded in &quot;Other income (expenses), net&quot; in Q2 2016.&#160; On June 30, 2016, Emera exchanged 12.9 million of APUC subscription receipts and dividend
equivalents into common shares.&#160; This resulted in a pre-tax gain of $63 million (after-tax gain of $53 million), which was recorded in &quot;Other income (expenses), net&quot; in Q2 2016.&#160; As a result of these transactions, Emera
reclassified its investment in APUC from &quot;Investments Subject to Significant Influence&quot; to &quot;Investment Securities&quot; on the Consolidated Balance Sheets in Q2 2016, recorded at fair value.&#160; On December 8, 2016, Emera completed
the sale of 12.9 million common shares or 4.7 per cent of APUC's issued and outstanding common shares.&#160; This sale resulted in a pre-tax loss of $12 million (after-tax loss of $10 million), which was recorded in &quot;Other income (expenses),
net&quot; in Q4 2016.&#160; Emera no longer holds any interest in APUC.</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=10 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) The investment balance in Bear Swamp is in a credit position primarily a result of a $179 million distribution received in Q4 2015. Bear Swamp's credit
investment balance of $217 million (2015 - $225 million) is recorded in &quot;Other long-term liabilities&quot; on the Consolidated Balance Sheets.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=10 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Equity investments include a $14 million difference between the cost and the underlying fair value of the investees' assets as at the date of
acquisition.&nbsp; The excess is attributable to goodwill.</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera accounts for its variable interest investment in NSPML as an equity investment (note </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">33</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">). NSPML's consolidated summarized balance sheets are
illustrated as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=4 valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance Sheets</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current assets</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
439</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
439</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property, plant and equipment</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,132</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
648</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-current assets</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
276</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
554</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,847</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,641</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current liabilities</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
219</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term debt</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,288</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,288</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-current liabilities</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
315</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
188</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities and equity</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,847</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,641</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fd1d538caf884a12a5abbec7f"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">7.&#160; </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">OTHER INCOME (EXPENSES), NET</font></b></font><a name="xbrl_ts_fd1d538caf884a12a5abbec7f_bclend"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">135</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_136"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other income (expenses), net consisted of the following:</font></p> </td>
<td nowrap valign=top width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 nowrap valign=top width=29% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on sale of APUC common shares</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> (note 6)</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
160</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on conversion of APUC subscription receipts and dividend equivalents to common shares of APUC </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(note 6)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
63</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on BLPC Self-Insurance Fund (&quot;SIF&quot;) regulatory liability </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
53</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowance for equity funds used during construction</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange (losses) gains and mark-to-market adjustments related to the TECO Energy acquisition </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(135)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
119</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gain on sale of NWP investment&#160; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
174</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
141</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) In June 2016, BLPC secured support from the Government of Barbados and the Trustees of the SIF to reduce the contingency funding in the SIF to $22 million
USD.&#160; As a result, Emera reduced the SIF regulatory liability to $30 million ($22 million USD) and recorded a pre-tax gain of $53 million (after-tax gain of $43 million).</font></p> </td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Mark-to-market adjustments included in Emera&#8217;s other income related to the effect of TECO Energy convertible debenture related USD-denominated
currency and forward contracts.&#160; These contracts were put in place to economically hedge the anticipated proceeds from the 2015 sale of $2.185 billion 4 per cent convertible unsecured subordinated debentures represented by instalment receipts
(&#8220;the Debenture Offering&#8221; or &#8220;Debentures&#8221; or &#8220;Convertible Debentures&#8221;) for the TECO Energy acquisition. </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) On January 25, 2015, Emera completed the sale of its 49 per cent interest in NWP.&#160; This resulted in a pre-tax gain of $19 million (after-tax gain of
$12 million).</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_71c51ed576c043f1872c48d0c"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">8.&#160; </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">INTEREST EXPENSE, NET</font></b></font><a name="xbrl_ts_71c51ed576c043f1872c48d0c_bclend"></A></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td colspan=5 nowrap valign=bottom width=100% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest expense, net consisted of the following:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=4 valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest on debt </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
443</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
193</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Beneficial conversion feature </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(note 10) </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
62</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest on Convertible Debentures </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(note 10) </font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
65</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest on acquisition credit facility related to the TECO Energy acquisition </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(note 4) </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowance for borrowed funds used during construction</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest revenue</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
585</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
212</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_36c46f1e0baa4e3ea717c7169"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">9.&#160; </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">INCOME TAXES</font></b></font><a name="xbrl_ts_36c46f1e0baa4e3ea717c7169_bclend"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">136</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_137"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The income tax provision, for the years ended December 31, differs from that computed using the statutory income tax rate for the following reasons:</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
244</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
545</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Statutory income tax rate</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">31%</font></b></p>
 </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">31%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income taxes, at statutory income tax rates</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
76</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
169</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income taxes on regulated income recorded as regulatory assets and regulatory liabilities</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(47)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(31)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-taxable portion of gains on APUC transactions</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-deductible (non-taxable) portion of foreign exchange and mark-to-market adjustments related to the TECO Energy acquisition</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financing deductions</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tax effect of equity earnings</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(11)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Manufacturing and investment allowances</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign tax rate variance</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Effective income tax rate</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(9%)</font></p>
</td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">17%</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fc3fdc582d584396be12922e7"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The statutory income tax rate of 31 per cent represents the combined Canadian federal and Nova Scotia and New Brunswick provincial corporate income tax rates, which are
the relevant tax jurisdictions for Emera.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following reflects the composition of taxes on income from continuing operations presented in the Consolidated Statements of Income for the years ended December
31:</font></font><a name="xbrl_ts_fc3fdc582d584396be12922e7_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current income taxes</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Canada</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; United States</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income taxes</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Canada</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(113)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; United States</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
151</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating loss carry forwards</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Canada</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; United States</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(104)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense (recovery)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 93</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following reflects the composition of income before provision for income taxes presented in the Consolidated Statements of Income for the years ended
December 31:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Canada</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
71</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; United States</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
44</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
137</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
129</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 59</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income before provision for income taxes</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
244</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
545</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">137</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_138"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The deferred income tax assets and liabilities presented in the Consolidated Balance Sheets as at December 31 consisted of the following:</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income tax assets:</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tax loss carry forwards</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,036</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 72</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory liabilities - cost of removal</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
388</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tax credit carry forwards</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
318</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instruments</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
173</font></b></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
204</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pension and post-retirement liabilities</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
147</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
129</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory liabilities &#8211; deferrals related to derivative instruments</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
101</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 94</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset retirement obligations</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
47</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 47</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
355</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
136</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total deferred income tax assets before valuation allowance</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,565</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
731</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Valuation allowance</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(58)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total deferred income tax assets after valuation allowance</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,507</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
713</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income tax (liabilities):</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Property, plant and equipment</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(3,625)&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(960)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative instruments</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(202)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(264)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net investment in direct financing lease</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(103)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(89)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(124)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(130)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total deferred income tax liabilities </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(4,054)&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1,443)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Consolidated Balance Sheets presentation:</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term deferred income tax assets</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
125</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term deferred income tax liabilities</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(1,672)&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(762)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net deferred income tax liabilities</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(1,547)&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(730)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For regulated entities, to the extent deferred income taxes are expected to be recovered from or returned to customers in future rates, a regulatory asset or liability is
recognized, unless specifically directed otherwise by a regulator. These amounts include a gross up to reflect the income tax associated with future revenues required to fund these deferred income tax liabilities, and the income tax benefits
associated with reduced revenues resulting from the realization of deferred income tax assets. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_ad3853a900fd4709a17cca556"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s gross net operating loss (&#8220;NOL&#8221;) carry forwards, capital loss carry forwards and tax credit carry forwards as at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31,</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> consisted of the following:</font></font><a name="xbrl_ts_ad3853a900fd4709a17cca556_bclend">
</A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Canada</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; NOL</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
199</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
103</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Capital loss</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
77</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">United States</font></p> </td>
<td valign=top width=6% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Federal NOL</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,595</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; State NOL</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,183</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
225</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Capital loss</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Tax credit</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
318</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; NOL</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted windowtext 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">138</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_139"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.75pt;page-break-inside:avoid;">
<td colspan=8 valign=bottom width=100% style="height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table summarizes as at December 31, 2016 the deferred tax assets associated with NOL, capital loss and tax credit carry forwards and the
associated expiration periods, and the valuation allowances for amounts which Emera has determined that realization is uncertain:</font></p> </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=40% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=18% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=40% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred Tax</font></p> </td>
<td colspan=2 valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Valuation</font></p> </td>
<td colspan=2 valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net Deferred</font></p> </td>
<td nowrap valign=bottom width=18% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expiration</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset</font></p>
</td>
<td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowance</font></p>
</td>
<td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tax Asset</font></p>
</td>
<td nowrap valign=bottom width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Period</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Canada</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; NOL</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 61</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td>
<td nowrap valign=top width=18% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2026-2036</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Capital loss</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Indefinite</font></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">United States</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=18% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Federal NOL</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
908</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
908</font></p> </td>
<td nowrap valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2024-2036</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; State NOL</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td nowrap valign=top width=18% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017-2036</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Capital loss</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018-2019</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Tax credit</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
318</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
318</font></p> </td>
<td nowrap valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019-2036</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=18% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=40% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; NOL</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017-2023</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_ea88897ac38145ada9b757831"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Considering all evidence regarding the utilization of the Company&#8217;s deferred income tax assets, it has been determined that Emera is more
likely than not to realize all recorded deferred income tax assets, except for the loss carry forwards noted above and unrealized capital losses on certain investments.&#160;
 A valuation allowance of $</font></font><a name="xbrl_cs_f807bf784e074c61b50032377"></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">58</font></font><a name="xbrl_cs_f807bf784e074c61b50032377_bclend">
</A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million has been recorded as at
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> (2015 - $<a name="xbrl_cs_346399bb28c64f398c3f56985">
</A>18<a name="xbrl_cs_346399bb28c64f398c3f56985_bclend"></A> million) related to the loss carry forwards and investments.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table provides details of the
change in unrecognized tax benefits for the years ended December 31 as follows:</font></font><a name="xbrl_ts_ea88897ac38145ada9b757831_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increases due to tax positions related to current year</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increases due to tax positions related to a prior year</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_056198dd9bbc4671bafc944e4"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The total amount of unrecognized tax benefits as at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">18&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million), which would affect the effective tax rate if
recognized.&#160; The total amount of accrued interest with respect to unrecognized tax benefits was $</font></font><a name="xbrl_cs_10e41c5ed5ba4713af8758ca4"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1</font></font><a name="xbrl_cs_10e41c5ed5ba4713af8758ca4_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_a62d6c9dfa234df2bc1998aee"></A>1<a name="xbrl_cs_a62d6c9dfa234df2bc1998aee_bclend"></A> million).&#160; No penalties have been accrued. The balance of
unrecognized tax benefits could change in the next twelve months as a result of resolving Canada Revenue Agency (&#8220;CRA&#8221;) and Internal Revenue Service audits. A reasonable estimate of any change cannot be made at this
time.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company intends to indefinitely reinvest
earnings from certain foreign operations.&#160; Accordingly, US and non-US income and withholding taxes for which deferred taxes might otherwise be required have not been provided for on a cumulative amount of temporary differences related to
investments in foreign subsidiaries of approximately $<a name="xbrl_cs_3fd024a2af8b4fbf886759a58"></A>667<a name="xbrl_cs_3fd024a2af8b4fbf886759a58_bclend"></A> million as at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016 (2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_5fc8203fb2d4443cbdd34aad8">
</A>669 <a name="xbrl_cs_5fc8203fb2d4443cbdd34aad8_bclend"></A>million).&#160; It is impractical to estimate the amount of income and withholding tax that might be payable if a reversal of temporary differences occurred.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera files a Canadian federal income tax
return, which includes its Nova Scotia and New Brunswick provincial income tax.&#160; Emera&#8217;s subsidiaries file Canadian, US, Barbados, St. Lucia and Dominica income tax returns.&#160; As at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, the Company&#8217;s tax years still open to
examination by taxing authorities include 2005 and subsequent years.&#160; </font></font><a name="xbrl_ts_056198dd9bbc4671bafc944e4_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_09f84679642c49bb92b3244cb"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI and the CRA are currently in a dispute with respect to the timing of certain tax deductions for NSPI&#8217;s 2006 through 2010 taxation years.&#160; The ultimate
permissibility of the tax deductions is not in dispute; rather, it is the timing of those deductions.&#160; The cumulative net amount in dispute to date is $</font></font><a name="xbrl_cs_69a34466f8a740668a8866377"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">62</font></font><a name="xbrl_cs_69a34466f8a740668a8866377_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million, including interest.&#160; NSPI has prepaid $<a name="xbrl_cs_461972a8be474ddcb85521965"></A>23<a name="xbrl_cs_461972a8be474ddcb85521965_bclend"></A> million of
the amount in dispute, as required by CRA.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">139</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_140"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Should NSPI be successful in defending its position, all payments including applicable interest will be refunded.&#160; If NSPI is unsuccessful in defending any portion of
its position, the resulting taxes and applicable interest will be deducted from amounts previously paid, with the excess, if any, owing to CRA. The related tax deductions will be available in subsequent years.&#160; Should NSPI receive similar
notices of reassessment for the years not currently in dispute, further payments will be required; however, the ultimate permissibility of these deductions would be similarly not in dispute. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI and its advisors believe that NSPI has
reported its tax position appropriately and NSPI is disputing the reassessments through the CRA Appeal process. NSPI continues to assess its options to resolving the dispute however the outcome of the Appeal process is not determinable at this
time.</font></font><a name="xbrl_ts_09f84679642c49bb92b3244cb_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_1937f61184d347c6a735454e1"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">10.&#160; </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">COMMON STOCK</font></b></font><a name="xbrl_ts_1937f61184d347c6a735454e1_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=2 nowrap valign=top width=64% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Authorized</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">:&#160; Unlimited number of non-par value
common shares.</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=3 valign=bottom width=22% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=3 valign=bottom width=21% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td valign=bottom width=55% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued and outstanding:</font></b></p> </td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of
shares</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;millions of
Canadian dollars</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of
shares</font></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;millions of
Canadian dollars</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
147.21</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,157</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
143.78</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,016</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Conversion of Convertible Debentures </font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
51.99</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,115</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issuance of common stock (1)</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7.69</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
338</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.25</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued for cash under Purchase Plans at market rate </font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.51</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
115</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.10</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount on shares purchased under Dividend Reinvestment Plan</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Options exercised under senior management share option plan</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.62</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.08</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Stock-based compensation</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=55% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
210.02</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,738</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
147.21</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,157</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) In Q1 2016, Emera issued 0.06 million common shares to facilitate the creation and issuance of 0.2 million depositary receipts in connection with the ECI
amalgamation transaction. The depositary receipts are listed on the Barbados Stock Exchange. In addition, Emera completed an offering of 7.63 million common shares in December 2016, at $45.25 per common share, for net proceeds of approximately $345
million.&#160; The net proceeds were $335 million after $10 million of issuance costs, net of taxes.</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_04ef86ab536a48a1b04ee052e"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, there were the following common shares reserved for issuance: </font></font><a name="xbrl_cs_a4e765435d654574bc5a29ca9"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">6.6 </font></font><a name="xbrl_cs_a4e765435d654574bc5a29ca9_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; <a name="xbrl_cs_20d0377471ad494687ce8bb09"></A>7.3<a name="xbrl_cs_20d0377471ad494687ce8bb09_bclend"></A> million) under the senior management stock option plan, <a name="xbrl_cs_32936b5aa35241a481881ed7d">
</A>1.5 <a name="xbrl_cs_32936b5aa35241a481881ed7d_bclend"></A>million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; <a name="xbrl_cs_342ecc199be94c5c8e0ba17d4"></A>1.6 <a name="xbrl_cs_342ecc199be94c5c8e0ba17d4_bclend"></A>million) under the employee common share purchase plan
and <a name="xbrl_cs_14b0ce1db05349f8b2f3547a4"></A>7.9 <a name="xbrl_cs_14b0ce1db05349f8b2f3547a4_bclend"></A>million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; <a name="xbrl_cs_fe8b61e403fd4f57a72f770ea"></A>3.3 <a name="xbrl_cs_fe8b61e403fd4f57a72f770ea_bclend"></A>million) under the dividend reinvestment plan.&#160;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The issuance of common shares under the
current or proposed common share compensation arrangements will not exceed <a name="xbrl_cs_0e177693451246cca3f853230"></A>10<a name="xbrl_cs_0e177693451246cca3f853230_bclend"></A> per cent of Emera's outstanding common shares. As at December 31,
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, Emera is in compliance with this
requirement.&#160; </font></font><a name="xbrl_ts_04ef86ab536a48a1b04ee052e_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_247b155e8a4b4d5a9be196150"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Convertible Debentures</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On September 28, 2015, to finance a portion
of the acquisition of TECO Energy, Emera, through a direct wholly owned subsidiary (the &#8220;Selling Debentureholder&#8221;) completed the sale of $1.9 billion aggregate principal amount of 4.0 per cent convertible unsecured subordinated
debentures, represented by instalment receipts. On October 2, 2015, in connection with the Debenture Offering, the underwriters fully exercised an over-allotment option and purchased an additional $285 million aggregate principal amount of
Debentures at the Debenture Offering price. The sale of the additional Debentures brought the aggregate proceeds of the Debenture Offering to $2.185 billion.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Debentures were sold on an instalment
basis at a price of $1,000 per Debenture, of which</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$333 (the &#8220;First Instalment&#8221;) was paid on closing of the Debenture Offerings on September 28, 2015 and</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">October 2, 2015, and the remaining $667 (the
&#8220;Final Instalment&#8221;) was payable on August 2, 2016 (the &#8220;Final Instalment Date&#8221;). Prior to the Final Instalment Date, the Debentures were represented by </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">140</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_141"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">instalment receipts. The instalment receipts traded on the Toronto Stock Exchange
(&#8220;TSX&#8221;) from September 28, 2015 to August 2, 2016 under the symbol &#8220;EMA.IR&#8221;. The Debentures will mature on September 29, 2025 and, as of the Final Instalment Date, bear interest at 0 per cent.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The proceeds of the first instalment and the
over-allotment of the Debentures were $727.6 million ($681.4 million net of issue costs).&#160; The proceeds of the final instalment payment were $1.457 billion ($1.413 billion net of issue costs).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Final Instalment Notice was issued by Emera
on June 29, 2016 with a payable date of August 2, 2016.&#160; At the option of the holders, each fully paid Debenture was convertible into common shares of Emera at any time after the Final Instalment Date, but prior to the earlier of maturity or
redemption by the Company, at a conversion price of $41.85 per common share. This was a conversion rate of 23.8949 common shares per $1,000 principal amount of Debentures. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As the Final Instalment Date occurred prior
to the first anniversary of the closing of the Debenture Offering, holders of the convertible debentures who paid the final instalment by August 2, 2016 received, in addition to the payment of accrued and unpaid interest, a make-whole payment.&#160;
This represented the interest that would have accrued from the day following the Final Instalment Date up to and including</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">September 28, 2016.&#160; Recorded in the year ended December 31, 2016 is $65 million ($45 million after-tax) of interest expense related to the
Convertible Debentures including the $21 million ($14 million after-tax) make-whole payment in Q2 2016 (note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">8</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">).&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, a total of 51.99 million common shares of the Company were issued, representing conversion into common shares of more than 99.6 per cent of the Convertible Debentures.
&#160;After the Final Instalment Date of August 2, 2016, debentures not converted may be redeemed by Emera at a price equal to their principal amount. At maturity, Emera has the right to pay the principal amount due in common shares to the debenture
holders that have not converted, which will be valued at 95 per cent of the weighted average trading price on the TSX for the 20 consecutive trading days ending five trading days preceding the maturity date.</font></font><a name="xbrl_ts_247b155e8a4b4d5a9be196150_bclend">
</A></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_4c106c4acfe0414c9fdd6df9f"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">11.&#160; </font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">EARNINGS PER
SHARE</font></b></font><a name="xbrl_ts_4c106c4acfe0414c9fdd6df9f_bclend"></A></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_55fd0750796a41bda6f31c379"></A><a name="xbrl_ts_a9492977a81440fbad35777f0"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Basic earnings per share (&#8220;EPS&#8221;) is determined by dividing net income attributable to common shareholders by the weighted average number of common
shares and DSUs outstanding during the period.&#160; Diluted EPS is computed by dividing net income attributable to common shareholders by the weighted average number of common shares and DSUs outstanding during the period, adjusted for the exercise
and/or conversion of all potentially dilutive securities.&nbsp; Such dilutive items include Company contributions to the senior management stock option plan, convertible debentures and shares issued under the dividend reinvestment
plan.</font></font><a name="xbrl_ts_55fd0750796a41bda6f31c379_bclend"></A><a name="xbrl_ts_a9492977a81440fbad35777f0_bclend"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">141</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_142"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table reconciles the computation of basic and diluted earnings per share:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=25% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars (except per share amounts)</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Numerator</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net income attributable to common shareholders</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227.2</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397.2</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Convertible Debentures </font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.2</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Diluted numerator</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227.4</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397.2</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Denominator</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average shares of common stock outstanding </font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
170.4</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
144.9</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average deferred share units outstanding</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.0</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.9</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average shares of common stock outstanding &#8211; basic</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
171.4</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
145.8</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Stock-based compensation </font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.6</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.6</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Convertible Debentures</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.2</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average shares of common stock outstanding &#8211; diluted</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172.2</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
146.4</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Earnings per common share</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Basic </font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.33</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.72</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Diluted</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.32</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2.71</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_2945f6dc009e4b9d920a81b1f"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">12.&#160; </font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">ACCUMULATED OTHER
COMPREHENSIVE INCOME (LOSS)</font></b></font><a name="xbrl_ts_2945f6dc009e4b9d920a81b1f_bclend"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">142</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_143"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The components of accumulated other comprehensive income are as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:35.25pt;page-break-inside:avoid;">
<td valign=bottom width=24% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Losses) gains on
derivatives recognized as cash flow hedges</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in
unrecognized pension and post-retirement benefit costs</font></p> </td>
<td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in net
investment hedges</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change on
available-for-sale investments</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized (loss)
gain on translation of self-sustaining foreign operations</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:35.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total
AOCI</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended December 31, 2016</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1, 2016</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(35)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(318)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
490</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
137</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other comprehensive income (loss) before reclassifications</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(49)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amounts reclassified from accumulated other comprehensive income loss</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity method reclassification adjustments</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(35)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(46)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net current period other comprehensive income (loss)</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(49)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other&#160;&#160; </font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31, 2016</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(21)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(309)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(49)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
486</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td valign=bottom width=24% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Losses) gains on
derivatives recognized as cash flow hedges</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in
unrecognized pension and post-retirement benefit costs</font></p> </td>
<td colspan=2 valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in net
investment hedges</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change on
available-for-sale investments</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized (loss)
gain on translation of self-sustaining foreign operations</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total
AOCI</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended December 31, 2015</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1, 2015</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(425)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 82</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(348)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other comprehensive income (loss) before reclassifications</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(34)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
408</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
371</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amounts reclassified from accumulated other comprehensive income loss (gain)</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
114</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=24% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net current period other comprehensive income (loss)</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
408</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
485</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=24% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31, 2015</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(35)&nbsp;
</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(318)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
490</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
137</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">143</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_144"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The reclassifications out of accumulated other comprehensive income (loss) are as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=34% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=4 valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=34% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Affected line item
in the Consolidated Statements of Income</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=bottom width=18% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amounts reclassified
from AOCI</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=34% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Losses (gain) on derivatives recognized as cash flow hedges</font></b></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=34% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Power and gas swaps</font></p> </td>
<td valign=bottom width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-regulated fuel
for generation and purchased power</font></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(5)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Interest rate swaps</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income from equity
investments</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Foreign exchange forwards</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Operating revenue -
regulated</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total before tax</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax
expense</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total net of tax</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
11</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in unrecognized pension and post-retirement benefit costs</font></b></p> </td>
<td nowrap valign=bottom width=46% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="border:none;height:21.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Actuarial losses (gains)</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">OM&amp;G</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
41</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 50</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Past service costs (gains)</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">OM&amp;G</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Amounts reclassified into obligations</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pension and
post-retirement benefits</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 72</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total before tax</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
115</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense
(recovery)</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total net of tax</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net change in available-for-sale investments</font></b></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other income
(expenses), net</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total before tax</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense
(recovery)</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total net of tax</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity method reclassification adjustments</font></b></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Investments subject
to significant influence</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
54</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total before tax</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
54</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income tax expense
(recovery)</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total net of tax</font></p> </td>
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
46</font></b></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=34% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total reclassifications out of AOCI, net of tax, for the period</font></b></p> </td>
<td nowrap valign=bottom width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
65</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
114</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">13</font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">.&#160; RECEIVABLES, NET</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Receivables, net consisted of the following:</font></p> </td>
<td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Customer accounts receivable &#8211; billed</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
715</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
406</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Customer accounts receivable &#8211; unbilled</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
270</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
144</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total customer accounts receivable</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
985</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
550</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Allowance for doubtful accounts</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(13)&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Customer accounts receivable, net</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
972</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
538</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,014</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
578</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">144</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_145"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.75pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">14. </font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;INVENTORY&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Inventory consisted of the following: </font></p> </td>
<td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
235</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
185</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Materials </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
215</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emission credits</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
472</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
314</font></p> </td> </tr>
<tr style="height:36.75pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:36.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)The NEGG Facilities are subject to the Acid Rain Program for sulphur dioxide emissions and the Regional Greenhouse Gas Initiative (&quot;RGGI&quot;) for
carbon dioxide emissions. The emissions credits inventory balance represents the credits purchased to offset the other current liabilities and other long-term liabilities associated with these programs.</font></p> </td> </tr> </table></div>
<p style="margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_41896273653441f9b27edf15b"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">145</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_146"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">15.&#160;
</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">DERIVATIVE INSTRUMENTS</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:10.0pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company enters into futures, forwards, swaps and option contracts as part of its risk management strategy to limit exposure to:</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">commodity price fluctuations related to the purchase and sale of commodities in the course of normal operations;</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">foreign exchange fluctuations on foreign currency denominated purchases and sales; and</font></p>
<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">interest rate fluctuations on debt securities.</font></p> <p style="margin:0in;margin-bottom:10.0pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company also enters into physical contracts for energy commodities.&#160; Collectively, these contracts are considered &#8220;derivatives&#8221;.&#160; The Company accounts for
derivatives under one of the following four approaches:</font></p> <p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">1.</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Physical contracts that meet the normal purchases normal sales (&#8220;NPNS&#8221;) exemption
are not recognized on the balance sheet; they are recognized in income when they settle.&#160; A physical contract generally qualifies for the NPNS exemption if the transaction is reasonable in relation to the Company&#8217;s business needs, the
counterparty owns or controls resources within the proximity to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty credit worthy.&#160; The Company continually
assesses contracts designated under the NPNS exemption and will discontinue the treatment of these contracts under this exception if the criteria are no longer met.&#160; </font></p>
<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Derivatives that qualify for hedge accounting are recorded at fair value on the balance sheet.&#160; Derivatives qualify for hedge accounting if they meet
stringent documentation requirements and can be proven to effectively hedge the identified cash flow risk both at the inception and over the term of the derivative.&#160; Specifically for cash flow hedges, the effective portion of the change in the
fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is realized.&#160; Any ineffective portion of the change in fair value from cash flow hedges is recognized in net income in the
reporting period.</font></p> <p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">3.</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Where the documentation or effectiveness requirements are not met, the derivatives are
recognized at fair value with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.</font></p>
<p style="margin-bottom:10.0pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">4.</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Derivatives entered into by Tampa Electric, PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for which the NPNS exception has not been
taken, are subject to regulatory accounting treatment.&nbsp; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities. The change in fair value of the derivatives is deferred to a regulatory asset or
liability.&nbsp; The gain or loss is recognized in the hedged item when the hedged item is settled.&nbsp; Management believes that any gains or losses resulting from settlement of these derivatives related to fuel for generation and purchased power
will be refunded to or collected from customers in future rates.</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">5.</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Derivatives that do not meet any of the above criteria are designated as HFT derivatives and
are recorded on the balance sheet at fair value, with changes normally recorded in net income of the period, unless deferred as a result of regulatory accounting.&#160; The Company has not elected to designate any derivatives to be included in the
HFT category where another accounting treatment would apply.<a name="xbrl_ts_41896273653441f9b27edf15b_bclend"></A></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">146</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_147"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.75pt;page-break-inside:avoid;">
<td colspan=9 nowrap valign=top width=100% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivative assets and liabilities relating to the foregoing categories consisted of the following:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=3 valign=bottom width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative
Assets</font></b></p> </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=3 valign=bottom width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative
Liabilities</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=15% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash flow hedges</font></i></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral </font></i></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
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<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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9</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
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<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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3</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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1</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
56</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 85</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Physical natural gas purchases and sales</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
119</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 89</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 43</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
151</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
44</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
119</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, forwards, physical contracts</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
93</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 99</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
357</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
359</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange options</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
126</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
250</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
401</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
480</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other derivatives</font></i></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gross current derivatives</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
250</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
439</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
430</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
538</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Impact of master netting agreements with intent to settle net or simultaneously</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(105)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(189)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(105)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(189)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total current derivatives</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
145</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
250</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
325</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash flow hedges</font></i></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
13</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral</font></i></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commodity swaps and forwards</font></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
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<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Coal purchases</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
57</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Natural gas purchases and sales</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
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<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
50</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
121</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
120</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
121</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 21</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
27</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, forwards and physical contracts</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 72</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
127</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange options</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 86</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
154</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other derivatives</font></i></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest rate swap</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gross long-term derivatives</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
157</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
219</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
176</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
147</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Impact of master netting agreements with intent to settle net or simultaneously</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(26)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(51)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(26)&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(51)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total long-term derivatives</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
168</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
150</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total derivatives</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
276</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
418</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
445</font></p> </td> </tr>
<tr style="height:28.5pt;page-break-inside:avoid;">
<td colspan=9 valign=bottom width=100% style="border:none;height:28.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Derivative assets and liabilities are classified as current or long-term based upon the maturities of the underlying contracts.</font></p> </td> </tr>
</table></div> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">147</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_148"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">148</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_149"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Details of master netting agreements, shown net on the Consolidated Balance Sheets, are summarized in the following table:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=3 valign=bottom width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative
Assets</font></b></p> </td>
<td valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=3 valign=bottom width=24% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative
Liabilities</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
121</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
121</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></p> </td> </tr>
<tr style="height:30.75pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total impact of master netting agreements with</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">intent to settle net or simultaneously</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
131</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:30.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_a62943679f04423fae8150706"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flow Hedges</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company enters into various derivatives designated as cash flow hedges.&#160; Emera enters into power swaps to limit Bear Swamp&#8217;s exposure to purchased power
prices.&#160; Emera also enters into interest rate swaps to fix Bear Swamp&#8217;s cost of debt.&#160; The Company also enters into foreign exchange forwards to hedge the currency risk for revenue streams denominated in foreign currency for
Brunswick Pipeline.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As previously noted, the effective portion of the change in fair value of these
derivatives is included in AOCI, until the hedged transactions are recognized in income.&#160; The ineffective portion is recognized in income of the period. The amounts related to cash flow hedges recorded in income and AOCI consisted of the
following:</font></font><a name="xbrl_ts_a62943679f04423fae8150706_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=12 nowrap valign=top width=65% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:11.1pt;page-break-inside:avoid;">
<td rowspan=3 valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></b></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=10% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign</font></p> </td> </tr>
<tr style="height:11.1pt;page-break-inside:avoid;">
<td colspan=2 valign=top width=11% style="height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">rate</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">exchange</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power</font></p> </td>
<td colspan=2 valign=top width=10% style="height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">rate</font></p> </td>
<td colspan=2 valign=top width=11% style="height:11.1pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">exchange</font></p> </td> </tr>
<tr style="height:11.1pt;page-break-inside:avoid;">
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards</font></b>
</p> </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:11.1pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards</font></p>
</td> </tr>
<tr style="height:24.0pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized gain (loss) in non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:24.0pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized gain (loss) in operating revenue &#8211; Regulated</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td> </tr>
<tr style="height:24.0pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized gain (loss) in income from equity investments</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:24.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gains (losses) in Net income</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=12 nowrap valign=top width=65% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td rowspan=3 valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></b></p> </td>
<td colspan=2 valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign</font></b></p> </td>
<td colspan=2 valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></p> </td>
<td colspan=2 valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">rate</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">exchange</font></b></p> </td>
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power</font></p> </td>
<td colspan=2 valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">rate</font></p> </td>
<td colspan=2 valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">exchange</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></b></p>
 </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards</font></b>
</p> </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards</font></p>
</td> </tr>
<tr style="height:24.75pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total unrealized gain (loss) in AOCI &#8211; effective portion, net of tax</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:24.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(42)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=35% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:30.0pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="height:30.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company expects $14 million of unrealized losses currently in AOCI to be reclassified into net income within the next twelve months, as the underlying
hedged transactions settle.</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=9 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, the Company had the following notional volumes of outstanding derivatives designated as cash flow hedges that are expected to settle
as outlined below:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=52% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></b></p>
 </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=52% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards (USD) sales</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
53</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards (EURO) purchases</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_9bb8784672c94d55a34fa319d"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory Deferral</font></b></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">149</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_150"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As previously noted, </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Tampa Electric,
PGS</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NMGC, </font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI and GBPC defer gains and losses on
certain derivatives documented as economic hedges, including certain physical contracts that do not qualify for the NPNS exemption.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has recorded the following changes in realized and unrealized gains (losses) with respect to derivatives receiving regulatory deferral:</font></font><a name="xbrl_ts_9bb8784672c94d55a34fa319d_bclend">
</A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=12 nowrap valign=top width=70% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commodity swaps
and forwards</font></b></p> </td>
<td colspan=2 valign=bottom width=12% style="background:white;border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Physical natural
gas purchases and sales</font></b></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange
forwards</font></b></p> </td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commodity swaps and
forwards</font></p> </td>
<td colspan=2 valign=bottom width=11% style="background:white;border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Physical natural gas
purchases and sales</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange
forwards</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gain (loss) in regulatory assets</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(24)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gain (loss) in regulatory liabilities</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
101</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
173</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized (gain) loss in regulatory assets</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized (gain) loss in regulatory liabilities</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized (gain) loss in property, plant and equipment</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized (gain) loss in inventory </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(44)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(44)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized (gain) loss in regulated fuel for generation and purchased power </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total change derivative instruments</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
163</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(90)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(30)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid windowtext 1.5pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
103</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Realized (gains) losses will be recognized in fuel for generation and purchased power when the hedged item is consumed.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=13 valign=top width=100% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) Realized (gains) losses on derivative instruments settled and consumed in the period; hedging relationships that have been terminated or the hedged
transaction is no longer probable.</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><a name="xbrl_ts_342dc88cde014386b58463ecc"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Commodity Swaps and Forwards</font></b></font></h4> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016,</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> the Company had the following notional volumes of commodity swaps and forward contracts designated for regulatory deferral that are expected to settle as outlined
below:</font></font><a name="xbrl_ts_342dc88cde014386b58463ecc_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=70% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></b></p>
 </td>
<td valign=bottom width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018-2020</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=70% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions </font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchases</font></b>
</p> </td>
<td valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchases</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=70% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Coal (metric tonnes)</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=70% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural Gas (Mmbtu)</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=70% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Heavy fuel oil (bbls)</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_8be3b456e10b451ca7924cbf9"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Foreign Exchange Swaps and Forwards</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016,</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> the Company had the following notional volumes of
foreign exchange swaps and forward contracts related to commodity contracts that are expected to settle as outlined below:</font></font><a name="xbrl_ts_8be3b456e10b451ca7924cbf9_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=65% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=18% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p>
</td>
<td colspan=2 valign=bottom width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018-2020</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=65% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel purchases exposure (millions of US dollars)</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
224</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
240</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=65% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average rate</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.0722</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1.1138</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=65% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">% of USD requirements</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">120%</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">44%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=65% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=15% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:28.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:28.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company reassesses foreign exchange forecasts periodically and will enter into additional hedges or unwind existing hedges, as required.</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><a name="xbrl_ts_dc2e51b5a5a74edaa0bba17fb"></A></h4> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">150</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_151"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Held-for-Trading Derivatives</font></b></font></h4> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In the ordinary course of its business, Emera enters into physical contracts for the purchase and sale of natural gas, as well as power and natural gas swaps, forwards and
futures to economically hedge those physical contracts.&#160; These derivatives are all considered HFT.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has recognized the following realized and unrealized gains (losses) with respect to HFT derivatives:</font></font><a name="xbrl_ts_dc2e51b5a5a74edaa0bba17fb_bclend">
</A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the </font></p> </td>
<td colspan=4 nowrap valign=bottom width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts in non-regulated operating revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, forwards, futures and physical contracts in non-regulated operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
69</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, forwards, futures and physical contracts in non-regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange options in other income (expenses), net</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
59</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_5bfb42721fcb4d06b218cfe13"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016,</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> the Company had the following notional volumes of outstanding HFT derivatives that are expected to settle as outlined below:</font></font><a name="xbrl_ts_5bfb42721fcb4d06b218cfe13_bclend">
</A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions </font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas purchases (Mmbtu)</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
270</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 69</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas sales (Mmbtu)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power purchases (MWh)</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power sales (MWh)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr> </table></div> <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td nowrap width=42% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Derivatives</font></b></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=10% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=10% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap width=42% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=11% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=10% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap width=10% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td colspan=9 width=100% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has recognized the following realized and unrealized gains
(losses) with respect to cash flow hedges which documentation requirements have not been met:</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=bottom width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td nowrap valign=top width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=7 nowrap valign=top width=54% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign&#160; </font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td rowspan=2 valign=top width=42% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">rate</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">exchange</font></b></p> </td>
<td colspan=2 valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">rate</font></p> </td>
<td colspan=2 valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">exchange</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">swaps</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Realized gain (loss) in other income (expense)</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(87)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gain (loss) in other income (expense)</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gain (loss) in interest expense, net</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total gains (losses) in net income</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(87)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:35.25pt;">
<td colspan=9 valign=top width=100% style="height:35.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, 2016, the Company had interest rate swaps in place for the $250 million non-revolving term credit facility in Brunswick Pipeline for
interest payments until the debt matures in 2019.</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=42% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:53.25pt;">
<td colspan=9 valign=top width=100% style="height:53.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">During the year ended December 31, 2016, $1,519 million in foreign exchange forwards and swaps that were used to partially hedge proceeds for the TECO Energy
acquisition settled.</font></p> </td> </tr> </table></div> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><a name="xbrl_ts_0267008badf947b09a5fe6293"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Credit Risk </font></b></font></h4> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company is exposed
to credit risk with respect to amounts receivable from customers, energy marketing collateral deposits and derivative assets.&#160; Credit risk is the potential loss from a counterparty&#8217;s non-performance under an agreement.&#160; The Company
manages credit risk with policies and procedures </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">151</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_152"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">for counterparty analysis, exposure measurement, and exposure monitoring
and mitigation.&#160; Credit assessments are conducted on all new customers and counterparties, and deposits or collateral are requested on any high risk accounts.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The
Company assesses the potential for credit losses on a regular basis, and where appropriate, maintains provisions. With respect to counterparties, the Company has implemented procedures to monitor the creditworthiness and credit exposure of
counterparties and to consider default probability in valuing the counterparty positions.&#160; The Company monitors counterparties&#8217; credit standing, including those that are experiencing financial problems, have significant swings in default
probability rates, have credit rating changes by external rating agencies, or have changes in ownership.&#160; Net liability positions are adjusted based on the Company&#8217;s current default probability.&#160; Net asset positions are adjusted
based on the counterparty&#8217;s current default probability.&#160; The Company assesses credit risk internally for counterparties that are not rated.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="background:lightgrey;border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As
at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, the maximum exposure the Company
has to credit risk is $<a name="xbrl_cs_a8546da8b56f4d369ba8441f5"></A>1,019<a name="xbrl_cs_a8546da8b56f4d369ba8441f5_bclend"></A> million
(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_a5d5f61fb8de44cb870b1330a"></A>901<a name="xbrl_cs_a5d5f61fb8de44cb870b1330a_bclend"></A> million), which includes accounts receivable net
of collateral/deposits and assets related to derivatives.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="background:lightgrey;border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">It is possible that volatility in commodity prices could cause the Company to have material credit risk exposures with one or more counterparties.&#160; If such
counterparties fail to perform their obligations under one or more agreements, the Company could suffer a material financial loss.&#160;&#160; The Company transacts with counterparties as part of its risk management strategy for managing commodity
price, foreign exchange and interest rate risk.&#160; Counterparties that exceed established credit limits can provide a cash deposit or letter of credit to the Company for the value in excess of the credit limit where contractually required.&#160;
The total cash deposits/collateral on hand as at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $<a name="xbrl_cs_31904e20de8a45cba76c2bfcf"></A>271<a name="xbrl_cs_31904e20de8a45cba76c2bfcf_bclend"></A> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_c2ff3de0060243e2a44bb7dce"></A>94<a name="xbrl_cs_c2ff3de0060243e2a44bb7dce_bclend"></A> million), which mitigates the Company&#8217;s
maximum credit risk exposure.&#160; The Company uses the cash as payment for the amount receivable or returns the deposit/collateral to the customer/counterparty where it is no longer required by the Company.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The
Company enters into commodity master arrangements with its counterparties to manage certain risks, including credit risk to these counterparties.&#160; The Company generally enters into International Swaps and Derivatives Association agreements
(&#8220;ISDA&#8221;), North American Energy Standards Board agreements (&#8220;NAESB&#8221;) and, or Edison Electric Institute agreements.&#160; The Company believes that entering into such agreements offers protection by creating contractual rights
relating to creditworthiness, collateral, non-performance and default.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, the Company had $</font></font><a name="xbrl_cs_806642f762ac4e26ad70124f0"></A><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">104</font></font><a name="xbrl_cs_806642f762ac4e26ad70124f0_bclend"></A><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_3025f9f7f0e946b594e10eadb"></A>83<a name="xbrl_cs_3025f9f7f0e946b594e10eadb_bclend"></A> million) in financial assets, considered to be past due,
which have been outstanding for an average 69 days.&#160; The fair value of these financial assets is $<a name="xbrl_cs_084f4e69b1d14aff81efe7c13"></A>91<a name="xbrl_cs_084f4e69b1d14aff81efe7c13_bclend"></A> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_7a5b1f80742544109b4188440"></A>72<a name="xbrl_cs_7a5b1f80742544109b4188440_bclend"></A> million), the difference of which is included in
the allowance for doubtful accounts. These assets primarily relate to accounts receivable from electric and gas revenue.&#160; </font></font><a name="xbrl_ts_0267008badf947b09a5fe6293_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">152</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_153"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Concentration Risk</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:17.25pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:17.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company's concentrations of risk consisted of the following:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=3 valign=bottom width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td>
<td colspan=3 valign=bottom width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2015</font></p> </td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of
Canadian dollars</font></b></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%&#160; of total
exposure</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian
dollars</font></p> </td>
<td valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%&#160; of total
exposure</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Receivables, net</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated utilities</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Residential</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
315</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">24%</font></p> </td>

<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
189</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">20%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
170</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">13%</font></p> </td>

<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
103</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Industrial</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
38</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3%</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
69</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5%</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
592</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">45%</font></p> </td>

<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
374</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">38%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Trading group</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Credit rating of A- or above</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
52</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4%</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Credit rating of BBB- to BBB+</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
60</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5%</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Not rated</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
57</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4%</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
169</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">13%</font></p> </td>

<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 84</font></p>
</td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other accounts receivable</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
253</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">20%</font></p> </td>

<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
120</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,014</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">78%</font></p> </td>

<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
578</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">58%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Derivative Instruments </font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(current and
long-term)</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Credit rating of A- or above</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
252</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">20%</font></p> </td>

<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
340</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">34%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Credit rating of BBB- to BBB+</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0%</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 70</font></p>
</td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Not rated</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2%</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
276</font></b></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">22%</font></p> </td>

<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
418</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">42%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,290</font></b></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">100%</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
996</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">100%</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><a name="xbrl_ts_ee951a0392894d2581578d667"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Cash Collateral</font></b></font></h4> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company&#8217;s cash collateral positions consisted of the following:</font></font><a name="xbrl_ts_ee951a0392894d2581578d667_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash collateral provided to others</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
91</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash collateral received from others</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
52</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_963bc9bf3d6a4beca5da74474"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Collateral is posted in the normal course of business based on the Company&#8217;s creditworthiness, including its senior unsecured credit rating as determined by certain
major credit rating agencies.&#160; Certain derivatives contain financial assurance provisions that require collateral to be posted if a material adverse credit-related event occurs.&#160; If a material adverse event resulted in the senior unsecured
debt to fall below investment grade, the counterparties to such derivatives could request ongoing full collateralization.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016,</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> the total fair value of these derivatives, in a liability position, was $</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">475 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(December 31, 2015 </font></font><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#8211;</font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">
&nbsp;</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">445 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million).&#160; If the credit ratings of the Company were reduced below investment grade the full value of the net liability position could be required to be posted as
collateral for these derivatives.</font></font><a name="xbrl_ts_963bc9bf3d6a4beca5da74474_bclend"></A></p> <p style="margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_98c92f986a154436ae65ca930"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">153</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_154"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">16</font></b><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">.&#160; FAIR VALUE MEASUREMENTS </font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company is required to determine the fair value of all derivatives except those which qualify for the NPNS exemption (see note </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">15</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">), and uses a market approach to do so.&#160; The three levels of the fair value hierarchy are defined
as follows:</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Level 1 - Where possible, the Company bases the fair valuation of its financial assets and liabilities on quoted prices in active markets (&#8220;quoted prices&#8221;) for identical assets
and liabilities. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Level 2 - Where quoted prices for identical assets and liabilities are not available, the valuation of certain contracts must be based on quoted prices for similar assets and liabilities
with an adjustment related to location differences.&#160; Also, certain derivatives are valued using quotes from over-the-counter clearing houses.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Level 3 - Where the information required for a Level 1 or
Level 2 valuation is not available, derivatives must be valued using unobservable or internally-developed inputs.&#160; The primary reasons for a Level 3 classification are as follows:</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">While valuations were based on quoted prices, significant assumptions were necessary to reflect seasonal or monthly shaping and locational basis
differentials.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The term of certain transactions extends beyond the period when quoted prices are available, and accordingly, assumptions were made to extrapolate prices from
the last quoted period through the end of the transaction term.</font></p> <p style="margin:0in;margin-bottom:.0001pt;margin-left:.25in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The valuations of certain transactions were based on internal models,
although quoted prices were utilized in the valuations.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Derivative assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
following tables set out the classification of the methodology used by the Company to fair value its derivatives:<a name="xbrl_ts_98c92f986a154436ae65ca930_bclend"></A></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">154</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_155"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=7 valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
2</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
3</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash flow hedges</font></i></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
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<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
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<tr style="height:10.5pt;page-break-inside:avoid;">
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
74</font></b></p> </td>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
74</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Natural gas purchases and sales</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Heavy fuel oil purchases</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
18</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
210</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
229</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></b></p> </td> </tr>
<tr style="height:20.25pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, forwards, physical contracts and related transportation</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:20.25pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
43</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
37</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
21</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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1</font></b></p> </td>
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1</font></b></p> </td>
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2</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
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<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, forwards and physical contracts</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
24</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
389</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
417</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
16</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
389</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
434</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other derivatives</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest rate swap</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
389</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net assets (liabilities) </font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
154</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(349)&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(199)&nbsp;
</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">155</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_156"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=7 valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2015</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 3</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash flow hedges</font></i></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commodity swaps and forwards</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160; Coal purchases</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
207</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
207</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Physical natural gas purchases and sales</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
208</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
210</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 31</font></p>
</td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, forwards and physical contracts</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 57</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 38</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 49</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other derivatives</font></i></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
309</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
418</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=44% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities</font></b></p> </td>
<td valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash flow hedges</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 41</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></i></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commodity swaps and forwards</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas purchases and sales</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange forwards</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 64</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and physical contracts</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign exchange options</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, forwards and physical contracts</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
279</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
315</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
277</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
332</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other derivatives</font></i></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest rate swaps</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 35</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
133</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
277</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
445</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net assets (liabilities)</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
176</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(226)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">156</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_157"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The change in the fair value of the Level 3 financial assets for the year ended December 31, 2016 was as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=45% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=bottom width=22% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory
Deferral</font></i></p> </td>
<td colspan=6 valign=bottom width=33% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash Flow
Hedges and HFT Derivatives</font></i></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=45% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Oil Financial
derivatives</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Physical natural gas
purchases and sales</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power </font></p>
</td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">gas </font></p>
</td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1, 2016</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 57</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 51</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increase (reduction) in benefit included in regulated fuel for generation and purchased power</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unrealized gains (losses) included in regulatory assets or liabilities</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total realized and unrealized gains (losses) included in non-regulated operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(10)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net transfers out of Level 3</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=45% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31, 2016</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 39</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The change in the fair value of the Level 3 financial liabilities for the year ended December 31, 2016 was as follows:</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=43% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=bottom width=22% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory
Deferral</font></i></p> </td>
<td colspan=6 valign=bottom width=35% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash Flow
Hedges and </font></i></p> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT Derivatives</font></i></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=43% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Oil Financial
derivatives</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Physical natural gas
purchases and sales</font></p> </td>
<td colspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power </font></p>
</td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">gas </font></p>
</td>
<td colspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1, 2016</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
279</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
277</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=43% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total realized and unrealized gains (losses) included in non-regulated operating revenues</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
110</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
112</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=43% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31, 2016 </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
389</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
389</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_071d6215264747c0bdc0cb468"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company evaluates the observable input of market data on a quarterly basis in order to determine if transfers between levels is appropriate.
For the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, transfers from
Level 3 to Level 1 were a result of an increase in observable inputs.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s Enterprise Risk Management group is responsible for valuation policies, processes and the measurement of fair value.&nbsp; Fair value accounting rules
provide a three level hierarchy that prioritizes the inputs used to measure fair value. When possible, determining fair value is based primarily on observable market inputs in active markets. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Contracts with quoted prices available in
active markets and exchanges for identical assets or liabilities are classified as level 1 in the hierarchy. For those contracts whereby pricing inputs are either directly or indirectly observable through markets, exchanges or third party sources,
but do not qualify as level 1, are classified as level 2 in the hierarchy. For a level 3 classification, the processes and methods of measurement for third-party pricing information and illiquid markets are developed with input and using the market
knowledge of the trading operations within Emera and its affiliates.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant unobservable inputs used in the fair value measurement of Emera&#8217;s natural gas and power derivatives includes third-party-sourced pricing for instruments
based on illiquid markets; internally developed correlation factors and basis differentials; own credit risk; and discount rates. Internally developed correlations and basis differentials are reviewed on a quarterly basis based on statistical
analysis of the spot markets in the various illiquid term markets.&nbsp; Where possible, Emera also sources multiple broker prices in an effort to evaluate and substantiate these unobservable inputs.&nbsp; Discount rates may include a risk premium
for those long-term forward contracts with illiquid future price points to incorporate the inherent uncertainty of these points.&nbsp; Any risk premiums for long-term contracts are evaluated by observing similar industry practices and in discussion
with industry peers. Significant </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">157</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_158"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">increases (decreases) in any of these inputs in isolation would result in a significantly lower
(higher) fair value measurement.</font></font><a name="xbrl_ts_071d6215264747c0bdc0cb468_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a7132188ce5c4dd9b185b95b2"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table outlines quantitative information about the significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair
value hierarchy:</font></font><a name="xbrl_ts_a7132188ce5c4dd9b185b95b2_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at </font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 width=70% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=28% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair
Value</font></b></p> </td>
<td valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Valuation</font></b>
</p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Technique
</font></b></p> </td>
<td valign=bottom width=19% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unobservable
Input</font></b></p> </td>
<td valign=bottom width=17% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Range
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted
average</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=16% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=19% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=17% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral &#8211; Financial </font></i></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></b></p> </td>
<td valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$69.64</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$69.64</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">oil derivatives</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.80%</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.80%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> &#8211;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 27</font></b></p> </td>
<td valign=top width=16% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$1.41 -
$11.87</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$3.87</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps,</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.07%</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">futures, forwards,</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.32%</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.05%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">physical contracts </font></i></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$1.83 -
$11.87</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$6.16</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">and related transportation</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Basis
adjustment</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(0.11)% -
0.64%</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.39%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.05%</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.10%</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td nowrap width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
40</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities</font></b></p> </td>
<td nowrap width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=19% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=17% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> &#8211;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
386</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled
pricing</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$1.55 -
$11.87</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$6.26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps, futures, </font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Own credit
risk</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.07%</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">forwards and physical contracts</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.14%</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.02%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></b></p> </td>
<td valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$1.83 -
$11.87</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$5.93</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Basis
adjustment</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(0.11)% -
0.64%</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.27%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Own credit
risk</font></p> </td>
<td valign=top width=17% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.05%</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.10%</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities</font></b></p> </td>
<td nowrap width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
389</font></b></p> </td>
<td width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net assets (liabilities) </font></b></p> </td>
<td nowrap width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(349)&nbsp;
</font></b></p> </td>
<td width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=17% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">158</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_159"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at </font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2015</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=27% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair
Value</font></b></p> </td>
<td valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Valuation</font></b>
</p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Technique
</font></b></p> </td>
<td valign=bottom width=20% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unobservable
Input</font></b></p> </td>
<td valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Range
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted
average</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=27% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Assets</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=16% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=20% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=16% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory deferral &#8211; Physical </font></i></p> </td>
<td valign=top width=2% style="border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td valign=top width=16% style="border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=20% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=16% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$5.15 -
$6.21</font></p> </td>
<td valign=top width=11% style="border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$5.72</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">natural gas purchases and sales</font></i></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> &#8211;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;</font></b></p> </td>
<td valign=top width=16% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$26.27 -
$129.20</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$70.45</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Correlation
factor</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.98% - 1.00%
</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.99%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">physical contracts</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.02%</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.15% </font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></b></p> </td>
<td valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$1.13 -
$9.12</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$3.26</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.10%
</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.33%
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.04%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=27% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$1.25 -
$15.74</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$6.19</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Basis
adjustment</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(0.06)% -
0.95%</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.68%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=27% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.09%
</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.08%
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=27% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
51</font></b></p> </td>
<td width=16% style="background:#DCE6F2;border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=27% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities</font></b></p> </td>
<td nowrap width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=20% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> &#8211;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled
pricing</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$26.27 -
$129.20</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$70.82</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Power swaps and</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Correlation
factor</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.98% - 1.00%
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.99%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">physical contracts</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Own credit
risk</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% -
0.02%</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.15%
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-top:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">HFT derivatives</font></i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;"> &#8211;</font></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 279</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Modelled pricing</font></p> </td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Third-party
pricing</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$0.74 -
$10.59</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$5.58</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Natural gas swaps,</font></i></p> </td>
<td nowrap valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Probability of
default</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.03%
</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">physical contracts</font></i></p> </td>
<td nowrap valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount
rate</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.00% - 0.12%
</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.01%</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=27% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total liabilities</font></b></p> </td>
<td nowrap width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
277</font></b></p> </td>
<td width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=27% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net assets (liabilities) </font></b></p> </td>
<td nowrap width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(226)&nbsp;
</font></b></p> </td>
<td width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=20% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:24.75pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=88% style="height:24.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The financial assets and liabilities included on the Consolidated Balance Sheets that are not measured at fair value consisted of the following:</font></p>
</td>
<td valign=top width=3% style="height:24.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="height:24.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=29% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=4 valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=8 valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=29% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Carrying
Amount</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair
Value</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
1</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
2</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
3</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term debt (including current portion)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,744</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15,723</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
78</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,843</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
802</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15,723</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=29% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=4 valign=top width=25% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=8 valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2015</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=29% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Carrying
Amount</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair
Value</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 1</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 2</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 3</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term debt (including current portion)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,009</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,487</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,841</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
646</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,487</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_400e61e66f2e4f599b5676b97"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The fair values of long-term debt instruments, classified as level 1 in the fair value hierarchy, are valued using unadjusted quoted closing
market prices that are traded in active markets. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Those classified as level 2 are valued either by using recent quoted market prices for the instrument where the instrument is not frequently traded, by using quoted
closing market prices for similar issues that are frequently traded in an active market or by using quoted market prices and applying estimated credit spreads, provided by third-party pricing services, to the par value of the security.
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Those classified as level 3 are valued by
discounting the future cash flows of the specific debt instrument at an estimated yield to maturity equivalent to benchmark government bonds with similar terms to maturity, plus a credit risk premium equal to that of issuers of similar credit
quality.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">159</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_160"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has designated $1.2 billion United States dollar dominated Hybrid Notes as a hedge of the foreign currency exposure of its ne</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.5pt;line-height:normal;">t investment</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> in
United States dollar denominated operations.&#160; A foreign currency loss of $49 million was recorded in Other Comprehensive Income for the
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">twelve&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> months ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; nil). There was no ineffectiveness for the
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">twelve&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> months ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; nil). </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">All other financial assets and liabilities,
such as cash and cash equivalents, restricted cash, accounts receivable, short-term debt and accounts payable, are carried at cost.&#160; The carrying value approximates fair value due to the short-term nature of these financial
instruments.</font></font><a name="xbrl_ts_400e61e66f2e4f599b5676b97_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_404c4dff33034c9dbb77afcbf"></A><a name="_toc311109904"></A><font color=black style="border:none;">
<b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">17.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">&#160;
 REGULATORY </font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">Assets and
Liabilities</font></b></font><a name="xbrl_ts_404c4dff33034c9dbb77afcbf_bclend"></A></h2> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_9c6910e1ff144080ad0013ea1"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory assets represent incurred costs that have been deferred because it is probable that they will be recovered through future rates or
tolls collected from customers.&#160; Management believes that existing regulatory assets are probable for recovery either because the Company received specific approval from the appropriate regulator, or due to regulatory precedent established for
similar circumstances.&#160; If management no longer considers it probable that an asset will be recovered, the deferred costs are charged to income.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory liabilities represent obligations
to make refunds to customers or to reduce future revenues for previous collections.&#160; If management no longer considers it probable that a liability will be settled, the related amount is recognized in income.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">For regulatory assets and liabilities that
are amortized, the amortization is as approved by the respective regulator.&#160; </font></font></p> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></h4> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Florida and New Mexico</font></b></font></h4> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric and PGS are regulated separately by the FPSC. Tampa Electric is also subject to regulation by the FERC. In general, the FPSC
sets rates at a level that allows utilities such as Tampa Electric and PGS to collect total revenues or revenue requirements equal to their cost of providing service, plus an appropriate return on invested capital.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC is subject to regulation by the NMPRC. The NMPRC sets rates at a level
that allows NMGC to collect total revenues equal to their cost of providing service, plus an appropriate return on invested capital. </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font
face=Arial,sans-serif style="border:none;"><u><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Base Rates - Tampa Electric </font></u></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric&#8217;s target regulated return on equity (&#8220;ROE&#8221;) range is <a name="xbrl_cs_9093d2a033194e328413c713a"></A>9.25<a name="xbrl_cs_9093d2a033194e328413c713a_bclend">
</A> per cent to <a name="xbrl_cs_82ddcc5b1aa94979850f2ec25"></A>11.25 <a name="xbrl_cs_82ddcc5b1aa94979850f2ec25_bclend"></A>per cent. Based on a Stipulation and Settlement Agreement in 2013 Tampa Electric would receive a revenue increase of $<a name="xbrl_cs_eb4f9095db254f659796bd9b9">
</A>110<a name="xbrl_cs_eb4f9095db254f659796bd9b9_bclend"></A> million USD effective January 1, 2017 or the date Tampa Electric&#8217;s Polk Power Station goes into service, whichever is later. The expansion of Polk Power Station went into service
on January 17, 2017.&#160;
 The agreement also provides that Tampa Electric&#8217;s allowed regulatory ROE would remain in place with a potential increase of the midpoint to <a name="xbrl_cs_44316c08e6f04a588800bc742"></A>10.50 <a name="xbrl_cs_44316c08e6f04a588800bc742_bclend">
</A>per cent from <a name="xbrl_cs_b5684f9e92514c75b1588060b"></A>10.25 <a name="xbrl_cs_b5684f9e92514c75b1588060b_bclend"></A>per cent if U.S. Treasury bond yields exceed a specified threshold. This agreement provides that Tampa Electric cannot
file for additional rate increases until 2017 (to be effective no sooner than January 1, 2018), unless its earned ROE were to fall below <a name="xbrl_cs_55fca71fca30461b8fdcab56d"></A>9.25 <a name="xbrl_cs_55fca71fca30461b8fdcab56d_bclend"></A>per
cent (or <a name="xbrl_cs_46281e63cba44f0c99fefc2b2"></A>9.5 <a name="xbrl_cs_46281e63cba44f0c99fefc2b2_bclend"></A>per cent if the allowed ROE is increased as described above) before that time. If its earned ROE were to rise above <a name="xbrl_cs_d40202f9dfc847fdb22db97b0">
</A>11.25 <a name="xbrl_cs_d40202f9dfc847fdb22db97b0_bclend"></A>per cent (or <a name="xbrl_cs_0968c33bd6274013bc058f739"></A>11.5<a name="xbrl_cs_0968c33bd6274013bc058f739_bclend"></A> per cent if the allowed ROE is increased as described above)
any party to the agreement other than Tampa Electric could seek a review of its base rates. Under the agreement, the allowed equity in the capital structure is <a name="xbrl_cs_a863191f2632429f81aab8748"></A>54<a name="xbrl_cs_a863191f2632429f81aab8748_bclend">
</A> per cent from investor sources of capital. </font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">160</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_161"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><u><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Base Rates - PGS</font></u></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PGS&#8217;s base rates were based upon an ROE of <a name="xbrl_cs_73e8e954f41b40949d1ed6a14"></A>10.75 <a name="xbrl_cs_73e8e954f41b40949d1ed6a14_bclend"></A>per cent, with a range between <a name="xbrl_cs_d6aed2362f3e4b0aa1ad51218">
</A>9.75 <a name="xbrl_cs_d6aed2362f3e4b0aa1ad51218_bclend"></A>per cent and <a name="xbrl_cs_9adb67858587418c8ed121ef3"></A>11.75 <a name="xbrl_cs_9adb67858587418c8ed121ef3_bclend"></A>per cent. </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In December 2016, PGS entered into a settlement agreement with the Office of
Public Counsel (&#8220;OPC&#8221;) regarding its filed depreciation study.&#160;
 The settlement agreement resulted in new depreciation rates that reduce annual depreciation by $<a name="xbrl_cs_1292e2afdc044a24a3f01225e"></A>16<a name="xbrl_cs_1292e2afdc044a24a3f01225e_bclend"></A> million USD in 2016 and accelerated the
amortization of the regulated asset related to the Manufactured Gas Plant (&#8220;MGP&#8221;) environmental remediation costs.&#160;
 In addition, the bottom of the ROE range was decreased from 9.75 per cent to <a name="xbrl_cs_a779e501a97c483ea8aa638b4"></A>9.25<a name="xbrl_cs_a779e501a97c483ea8aa638b4_bclend"></A> per cent.&#160; The new bottom of the range will remain until
the earlier of new base rates established in PGS&#8217;s next general rate proceeding or December 31, 2020.&#160;
 The top of the range will continue to be <a name="xbrl_cs_970f4cdac7b54d3d975f20604"></A>11.75<a name="xbrl_cs_970f4cdac7b54d3d975f20604_bclend"></A> per cent and the ROE of <a name="xbrl_cs_b2cdfbf2d27d453a9acfafee7"></A>10.75 <a name="xbrl_cs_b2cdfbf2d27d453a9acfafee7_bclend">
</A>per cent will continue to be used for the calculation of return on investment for clauses.&#160; On February 7, 2017 the FPSC approved the settlement agreement.&#160; No change in customer rates resulted from this agreement.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">As part of the settlement, PGS and OPC agreed that at least $<a name="xbrl_cs_d9459b7f18cd41988a96e3f59">
</A>32<a name="xbrl_cs_d9459b7f18cd41988a96e3f59_bclend"></A> million USD of PGS&#8217;s regulatory asset associated with the environmental liability for current and future remediation costs related to former MGP sites will be amortized over the
period 2016 through 2020.&#160; At least $<a name="xbrl_cs_a951461fbd2a4a168c05f6dfd"></A>21<a name="xbrl_cs_a951461fbd2a4a168c05f6dfd_bclend"></A> million USD will be amortized over a two year recovery period beginning in 2016.&#160; In 2016, PGS
recorded $<a name="xbrl_cs_8d03faae8112425ca78fe5bc8"></A>16<a name="xbrl_cs_8d03faae8112425ca78fe5bc8_bclend"></A> million USD of this amortization.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font
face=Arial,sans-serif style="border:none;"><u><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Base Rates - NMGC</font></u></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NMGC&#8217;s base rates were established in 2012 through a settlement agreement.&#160; As a condition of the 2016 NMPRC order (the
&#8220;Order&#8221;) approving the acquisition of TECO Energy, NMGC will not seek an increase in base rates to be effective prior to December 31, 2017, and NMGC will continue to provide an annual bill reduction credit of $<a name="xbrl_cs_7ec8e032a75f4c92bb683cf65">
</A>4<a name="xbrl_cs_7ec8e032a75f4c92bb683cf65_bclend"></A> million USD through June 30, 2018.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI</font></b></font></h4> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI is a public utility as defined in the Public Utilities Act of Nova Scotia (the &#8220;Act&#8221;) and is subject to regulation under the Act by the UARB.&#160; The
Act gives the UARB supervisory powers over NSPI&#8217;s operations and expenditures.&#160; Electricity rates for NSPI&#8217;s customers are also subject to UARB approval.&#160; NSPI is not subject to a general annual rate review process, but rather
participates in hearings held from time to time at NSPI&#8217;s or the UARB&#8217;s request.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI is regulated under a cost-of-service model, with rates set to recover prudently incurred costs of providing electricity service to customers, and provide an
appropriate return to investors.&#160; NSPI&#8217;s target regulated ROE range for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">was &nbsp;</font></font><a name="xbrl_cs_5cc27108817e4c87a34856d20"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">8.75</font></font><a name="xbrl_cs_5cc27108817e4c87a34856d20_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> per cent to <a name="xbrl_cs_81b0d68330a84570964012e3c"></A>9.25 <a name="xbrl_cs_81b0d68330a84570964012e3c_bclend"></A>per cent based on an actual five quarter average
regulated common equity component of up to <a name="xbrl_cs_eaa6a05cca574c30b7000de25"></A>40<a name="xbrl_cs_eaa6a05cca574c30b7000de25_bclend"></A> per cent.&#160; NSPI has a FAM, which enables it to seek recovery of Fuel Costs through regularly
scheduled rate adjustments.&#160; Differences between actual Fuel Costs and amounts recovered from customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a
subsequent year.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 18, 2015, the Province enacted the </font><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Electricity Plan Implementation (2015) Act, (&#8220;Electricity Plan Act&#8221;)</font></i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, which required NSPI to file a
three-year stability plan for Fuel Costs and a General Rate Application (&#8220;GRA&#8221;) for non-fuel costs if required by April 30, 2016.&#160; On March 7, 2016, NSPI announced that it would not file a GRA related to non-fuel electricity rates
for the 2017 to 2019 period and NSPI filed the stability plan for Fuel Costs with the UARB for 2017 through 2019.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On July 19,
2016, the UARB approved a Consensus Agreement between NSPI and customer representatives related to the Rate Stability Plan fuel costs for 2017 through 2019 which resulted in an </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">161</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_162"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">average annual increase of <a name="xbrl_cs_b00033745b004634b1e5306c2"></A>1.1 <a name="xbrl_cs_b00033745b004634b1e5306c2_bclend">
</A>per cent for each of these three years.&#160;
 Subsequently, certain customer representatives requested changes resulting in amended rates that were approved by the UARB on November 15, 2016 and result in an average annual rate increase of <a name="xbrl_cs_146b4976c34643c184559604e"></A>1.0 <a name="xbrl_cs_146b4976c34643c184559604e_bclend">
</A>per cent for each of these three years.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In December 2015, the UARB approved NSPI&#8217;s 2016 base cost of fuel and its recovery of prior
period unrecovered Fuel Costs.&#160; The approved customer rates reset the base cost of fuel rates for 2016.&#160; In addition, $<a name="xbrl_cs_973c71138a35458a844517a81"></A>12<a name="xbrl_cs_973c71138a35458a844517a81_bclend"></A> million was
recovered of prior years&#8217; unrecovered Fuel Costs in 2016.&#160;
 This resulted in a combined average rate decrease for customers of approximately <a name="xbrl_cs_a9d9585132044a0dba8a1b3f3"></A>1<a name="xbrl_cs_a9d9585132044a0dba8a1b3f3_bclend"></A> per cent in 2016.&#160; The rates and recovery of these costs
began on January 1, 2016.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 21, 2016, the UARB approved a settlement agreement between NSPI and customer
representatives which resolved all issues related to the 2014 and 2015 FAM Audit and an issue that would impact future periods.&#160;
 As a result of this settlement agreement, NSPI agreed to forego $<a name="xbrl_cs_a2aefb13369046689deb9415f"></A>3<a name="xbrl_cs_a2aefb13369046689deb9415f_bclend"></A> million of any incentive payment as a result of 2016 fuel costs savings
achieved by the Company.&#160;
 NSPI achieved a $<a name="xbrl_cs_ab03906365cc4c4e8d3acf414"></A>2.8 <a name="xbrl_cs_ab03906365cc4c4e8d3acf414_bclend"></A>million incentive payment for 2016 and contributed that plus an additional $<a name="xbrl_cs_03adb36a0c01492ba06dd0132"></A><a name="xbrl_cs_d623b771306140a2aef31a954">
</A>0.2 <a name="xbrl_cs_03adb36a0c01492ba06dd0132_bclend"></A><a name="xbrl_cs_d623b771306140a2aef31a954_bclend"></A>million to the benefit of customers.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 12, 2016, the UARB approved NSPI&#8217;s application to refund over-recovered fuel costs in 2016 to customers.&#160; The over-recovered fuel costs balance at the end of 2016 will
be refunded to customers through a one-time credit on their bills prior to April 30, 2017 and will be based on individual electricity usage in 2016.&#160;
 The balance to be refunded to customers is approximately $<a name="xbrl_cs_cc3ebbba4cca45cb86c2e9f43"></A>36<a name="xbrl_cs_cc3ebbba4cca45cb86c2e9f43_bclend"></A> million.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">FAM and fixed cost deferrals recognized in the 2016 and 2015 Consolidated Statement of Income consisted of the following:</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_9c6910e1ff144080ad0013ea1_bclend"></A><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;
</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=64% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(Over) under recovery of current period Fuel costs</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(24)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Recovery from customers of prior years&#8217; Fuel costs</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 56</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Application of non-fuel revenues</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
20</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 45</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fixed cost deferral related to 2015 demand side management</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(35)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
61</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_3d76a1d0868944658c66be77d"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine&#8217;s
core businesses are the transmission and distribution of electricity, with distribution operations and stranded cost recoveries regulated by the Maine Public Utilities Commission (&#8220;MPUC&#8221;). The transmission operations are regulated by the
FERC.&#160; The rates for these three elements are established in distinct regulatory proceedings.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><u><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Distribution
Operations</font></u></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Maine&#8217;s distribution businesses operate under a traditional cost-of-service regulatory structure, and distribution rates are set by the MPUC.&#160; </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 21, 2016, Emera Maine&#8217;s distribution rates increased by <a name="xbrl_cs_df2f2c810f374ca180724ef2f">
</A>3.75 <a name="xbrl_cs_df2f2c810f374ca180724ef2f_bclend"></A>per cent, including the recovery, over five years, of approximately $<a name="xbrl_cs_7660bbf623a94afda10cab0d9"></A>4<a name="xbrl_cs_7660bbf623a94afda10cab0d9_bclend"></A> million USD
of costs associated with a major storm in Maine in 2014.&#160; Also, effective December 22, 2016 the allowed ROE became <a name="xbrl_cs_079686de35dd41c2a38e6d4a7"></A>9.00<a name="xbrl_cs_079686de35dd41c2a38e6d4a7_bclend"></A> per cent on a common
equity component of <a name="xbrl_cs_86dfe00cffc84f14814d232b9"></A>49<a name="xbrl_cs_86dfe00cffc84f14814d232b9_bclend"></A> per cent.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><u><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Transmission Operations</font></u></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;text-decoration:none;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">There are two
transmission districts in Emera Maine, corresponding to the service territories of the two pre-merger entities.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">162</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_163"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bangor Hydro
District</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Bangor Hydro District (the franchise electric service territory associated
with the former Bangor Hydro Electric Company in portions of the Maine counties of Penobscot, Hancock, Washington, Waldo, Piscataquis, and Aroostook) local transmission rates are regulated by the FERC and set annually on June 1, based on a formula
utilizing prior year actual transmission investments, adjusted for current year forecasted transmission investments.&#160;
 Effective June 1, 2016, transmission rates for the Bangor Hydro district increased by approximately <a name="xbrl_cs_0557d8da88194ba58a4da0643"></A>2<a name="xbrl_cs_0557d8da88194ba58a4da0643_bclend"></A> per cent in connection with its annual
transmission formula rate filing (2015 &#8211; increased by <a name="xbrl_cs_12a077e91b3f43eab21a4af41"></A>21<a name="xbrl_cs_12a077e91b3f43eab21a4af41_bclend"></A> per cent).&#160; The increase is associated primarily with the recovery of
increased transmission plant in service and as a result of the prior year tariff rate including a rate refund related to the aforementioned FERC ROE decision.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Bangor Hydro District&#8217;s bulk transmission assets are managed by ISO-New England (&#8220;ISO-NE&#8221;) as part of a region-wide pool of assets. ISO-NE manages the region&#8217;s bulk
power generation and transmission systems and administers the open access transmission tariff.&#160; Currently, the Bangor Hydro District, along with all other participating transmission providers, recovers the full cost of service for its
transmission assets from the customers of participating transmission providers in New England, based on a regional FERC approved formula that is updated June 1 each year.&#160; This formula is based on prior year regionally funded transmission
investments, adjusted for current year forecasted investments.&#160; </font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">The participating transmission providers are also
required to contribute to the cost of service of such transmission assets on a ratable basis according to the proportion of the total New England load that their customers represent.</font></font><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> &nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 1, 2016, Bangor District&#8217;s regionally recoverable transmission investments and expenses increased by <a name="xbrl_cs_448148c6c24545fd85d9c7090"></A>9<a name="xbrl_cs_448148c6c24545fd85d9c7090_bclend">
</A> per cent (2015 &#8211; decreased by <a name="xbrl_cs_f62f3ba782de4f7080e267448"></A>6<a name="xbrl_cs_f62f3ba782de4f7080e267448_bclend"></A> per cent).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">MPS
District</font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p> <p style="border:none;margin:0in;margin-bottom:10.0pt;"><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">MPS District (the franchise electric service territory associated with the former Maine Public Service Company in northern Maine) local transmission rates are regulated by the
FERC and are set annually on June 1 for wholesale and July 1 for retail customers based on a formula utilizing prior year actual transmission investments and expenses, </font></font><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">adjusted for current year forecasted investments</font></font><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp; The current allowed ROE for transmission operations is <a name="xbrl_cs_8e44e4e0822d4358a8a38a1be"></A>10.2 <a name="xbrl_cs_8e44e4e0822d4358a8a38a1be_bclend"></A>per
cent. The common equity component is based upon the prior calendar year actual average </font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">balances.&nbsp; Effective June 1,
2016 the transmission rates for the Maine Public Service district increased by approximately <a name="xbrl_cs_9786798901ea46048071cd6dc"></A>43<a name="xbrl_cs_9786798901ea46048071cd6dc_bclend"></A> per cent for wholesale customers (2015 - decreased
by <a name="xbrl_cs_1375edd2bef14f999312d7438"></A>1<a name="xbrl_cs_1375edd2bef14f999312d7438_bclend"></A> per cent) and on July 1, 2016 increased by <a name="xbrl_cs_7205b2542cf54a5bab9f86301"></A>36<a name="xbrl_cs_7205b2542cf54a5bab9f86301_bclend">
</A> per cent for retail customers (2015 - decreased by <a name="xbrl_cs_5cb542b2fdab49af8c2360420"></A>22<a name="xbrl_cs_5cb542b2fdab49af8c2360420_bclend"></A> per cent) in connection with its annual transmission formula rate filing.&#160; These
increases were primarily due to an increase in the recovery of increased transmission plant in service.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">The MPS District electric service territory is not connected to the New England bulk power system and it is not a member of ISO-NE.&nbsp; MPS District is not a party to the
previously discussed ROE complaints at the FERC.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><u><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Stranded Cost Recoveries</font></u></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Stranded cost recoveries in Maine are set by the MPUC.&#160; Electric utilities are permitted to recover all
prudently incurred stranded costs resulting from the restructuring of the industry in 2000 that could not be mitigated or that arose as a result of rate and accounting orders issued by the MPUC.&#160; Unlike transmission and distribution operational
assets, which are generally sustained with new investment, the net stranded cost regulatory asset pool diminishes over time as elements are amortized through charges to income and recovered through rates.&#160; Generally, regulatory rates to recover
stranded costs are set every three years, determined under a traditional cost-of-service approach and are fully recoverable.&#160; Each year, stranded cost rates in each District are evaluated for a potential rate change on July 1 to recover cost
deferrals for the prior stranded costs rate year under the full recovery mechanism, as well as factor in any new stranded cost information.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">163</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_164"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bangor Hydro
District</font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bangor District&#8217;s net regulatory assets primarily include the costs associated with the
restructuring of an above-market power purchase contract and deferrals associated with reconciling stranded costs.&#160;
 These net regulatory assets total approximately $<a name="xbrl_cs_0aed08bb43d54d0e80bf4d2a7"></A>11.4 <a name="xbrl_cs_0aed08bb43d54d0e80bf4d2a7_bclend"></A>million as at December 31, 2016 (2015 &#8211;
$<a name="xbrl_cs_b3de86b6fe7f4b7fa73893d23"></A>19.7<a name="xbrl_cs_b3de86b6fe7f4b7fa73893d23_bclend"></A> million) or <a name="xbrl_cs_e13d1c5c8d834ebdaa541ff6d"></A>1.0 <a name="xbrl_cs_e13d1c5c8d834ebdaa541ff6d_bclend"></A>per cent of Emera
Maine&#8217;s net asset base (2015 &#8211; <a name="xbrl_cs_f22ea13df08b44aa9116efe90"></A>1.8 <a name="xbrl_cs_f22ea13df08b44aa9116efe90_bclend"></A>per cent).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Bangor Hydro District is currently undergoing a stranded cost rate proceeding with the MPUC to set rates for the period March 1, 2017 to February 28,
2020.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif style="border:none;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">While the stranded cost revenue requirements differ throughout the period due to changes in annual
stranded costs, the actual annual stranded cost revenues are the same during the period. To stabilize the impact of the varying revenue requirements, cost or revenue deferrals are recorded as a regulatory asset or liability, and&nbsp;addressed in
subsequent stranded cost rate proceedings, where customer rates are adjusted accordingly.&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><i><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">MPS
District</font></i></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective
 January 1, 2015, the stranded cost rates for the Maine Public Service district decreased by approximately <a name="xbrl_cs_61bbfe35ea1a4677b4391fed9"></A>150<a name="xbrl_cs_61bbfe35ea1a4677b4391fed9_bclend"></A> per cent.&#160; This was
principally due to the flow-back to customers of certain benefits received by Emera Maine from Maine Yankee associated with litigation with the United States Department of Energy on nuclear waste disposal. The allowed ROE used in setting the new
rates on January 1, 2015 was <a name="xbrl_cs_67b1db3ac31148fba075733d5"></A>6.75 <a name="xbrl_cs_67b1db3ac31148fba075733d5_bclend"></A>per cent, with a common equity component of <a name="xbrl_cs_04ddbebd8ca6409ca10449098"></A>48<a name="xbrl_cs_04ddbebd8ca6409ca10449098_bclend">
</A> per cent.&nbsp; On July 1, 2016, stranded cost rates further decreased by <a name="xbrl_cs_897d8334e07348b9a8f07f499"></A>7.6<a name="xbrl_cs_897d8334e07348b9a8f07f499_bclend"></A>% to flow back over-collections associated with stranded cost
reconciliation deferrals.&#160; The allowed ROE remained consistent with the January 1, 2015 rate change.&#160; The reduced stranded cost revenues are offset by reductions in expense and do not affect earnings. The Maine Public district is currently
undergoing a stranded cost rate proceeding with the MPUC to set rates for the period March 1, 2017 to February 28, 2020.</font></font><a name="xbrl_ts_3d76a1d0868944658c66be77d_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_06b4a648bf804b5c9e19a778c"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Barbados Light &amp; Power Company&nbsp;Limited</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC is a vertically integrated utility and provider of electricity on the island of Barbados.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC is subject to regulation under the
Utilities Regulation (Procedural) Rules 2003 by the Fair Trading Commission (&#8220;The Rules&#8221;), Barbados, an independent regulator.&#160; The Rules give the Fair Trading Commission, Barbados utility regulation functions, which include
establishing principles for arriving at rates to be charged, monitoring the rates charged to ensure compliance, and setting the maximum rates for regulated utility services.&#160; The government of Barbados has granted BLPC a franchise to generate,
transmit and distribute electricity on the island until 2028.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC is regulated under a cost-of-service model, with rates set to recover prudently incurred costs of providing electricity service to customers, and provide an
appropriate return to investors.&#160; BLPC&#8217;s approved regulated return on rate base for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> 2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">was <a name="xbrl_cs_9914a853bed4437fa8174eb98"></A><a name="xbrl_cs_00d2da3dd6a048ca87e244458"></A>10<a name="xbrl_cs_00d2da3dd6a048ca87e244458_bclend"></A><a name="xbrl_cs_9914a853bed4437fa8174eb98_bclend">
</A> per cent.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">All BLPC fuel costs are passed to customers
through the fuel pass-through mechanism which provides the opportunity to recover all fuel costs in a timely manner.&#160; The Fair Trading Commission, Barbados has approved the calculation of the fuel charge, which is adjusted on a monthly
basis.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Dominica Electricity Services
Ltd</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Domlec is an integrated utility on the
island of Dominica and is regulated by the Independent Regulatory Commission, Dominica.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On October 7, 2013, the Independent Regulatory Commission, Dominica issued a Transmission, Distribution &amp; Supply License and a Generation License, both of which came
into effect on January 1, </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">164</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_165"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2014, for a period of 25 years.&nbsp; Domlec&#8217;s approved allowable regulated return on rate
base for </font></font><font color=black style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">was <a name="xbrl_cs_a3348bac1d4d459c84e277ffb"></A><a name="xbrl_cs_f210e2f5d6914d6da712342ee"></A>15<a name="xbrl_cs_a3348bac1d4d459c84e277ffb_bclend"></A><a name="xbrl_cs_f210e2f5d6914d6da712342ee_bclend">
</A> per cent.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Domlec fuel costs are passed to customers through a </font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">fuel pass-through mechanism which provides the opportunity to recover substantially all fuel costs in a timely manner</font></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.</font></font><font face="Times New Roman,serif" style="border:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;"><br> <br> </font></font></p>
<h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Grand Bahama Power Company Limited</font></b></font></h4>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">GBPC is a vertically integrated utility and
sole provider of electricity on Grand Bahama Island.&#160; The Grand Bahama Port Authority (&#8220;GBPA&#8221;) regulates the utility and has granted GBPC a licensed, regulated and exclusive franchise to produce, transmit and distribute electricity
on the island until 2054.&#160;
 There is a fuel pass through mechanism and flexible tariff adjustment policy to ensure that fuel costs are recovered and a reasonable return earned. GBPC&#8217;s approved regulated return on rate base was <a name="xbrl_cs_38f3232ca6fb44f085132dcd6"></A>8.8
 <a name="xbrl_cs_38f3232ca6fb44f085132dcd6_bclend"></A>per cent for </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and <a name="xbrl_cs_2d37049f567f4cc3882c7c78d"></A>10<a name="xbrl_cs_2d37049f567f4cc3882c7c78d_bclend"></A> per cent for </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In October 2016, the island of Grand Bahama
took a direct hit from Hurricane Matthew.&#160; GBPC&#8217;s generation and substation infrastructure weathered the storm well, however over <a name="xbrl_cs_680e144e86314fe58f053a65c"></A>2,100
<a name="xbrl_cs_680e144e86314fe58f053a65c_bclend"></A>transmission and distribution poles and related conduit were damaged or destroyed, as were many connections to customer homes.&#160; Restoration efforts have been completed.&#160; GBPC has
recorded $<a name="xbrl_cs_b8d03c0be9ab48d595b626d45"></A>28 <a name="xbrl_cs_b8d03c0be9ab48d595b626d45_bclend"></A>million USD of restoration costs associated with Hurricane Matthew with no impact to net income.&#160;
 $<a name="xbrl_cs_a34eea1177a341f687c42016e"></A>21<a name="xbrl_cs_a34eea1177a341f687c42016e_bclend"></A> million USD has been recorded as a regulated asset amortized over five years and $<a name="xbrl_cs_9b6f8828cb064a438e5c2911c"></A>7<a name="xbrl_cs_9b6f8828cb064a438e5c2911c_bclend">
</A> million USD recorded as property plant and equipment depreciating at an average 27 years.&#160; Both assets are included in Rate Base.&#160; The GBPA has approved full recovery of the storm restoration costs in this manner.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In December 2016, the GBPA approved that
over a five year period, 2017 to 2021, the all-in rate for electricity (fuel and base rates) will be held at 2016 levels.&#160; Any over-recovery of fuel costs during this period will be applied to the Hurricane Matthew regulatory deferral, until
such time as the deferral is recovered.&#160; Should GBPC recover funds in excess of the Hurricane Matthew regulatory deferral, the excess will be placed in a new storm reserve.&#160; If balances remain within the Hurricane Matthew deferral at the
end of five years, GBPC will have the opportunity to request recovery from customers in future rates.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <h4 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Brunswick Pipeline </font></b></font></h4> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Brunswick Pipeline is a <a name="xbrl_cs_1e520fc526f343ada8ad942a6"></A>145<a name="xbrl_cs_1e520fc526f343ada8ad942a6_bclend"></A>-kilometre pipeline delivering natural
gas from the Canaport&#8482; re-gasified liquefied natural gas (&#8220;LNG&#8221;) import terminal near Saint John, New Brunswick to markets in the northeastern United States.&#160; Brunswick Pipeline entered into a 25-year firm service agreement
commencing in July 2009 with Repsol Energy Canada.&#160; The pipeline is considered a Group II pipeline regulated by the National Energy Board (&#8220;NEB&#8221;).&#160; The NEB Gas Transportation Tariff is filed by Brunswick Pipeline in compliance
with the requirements of the NEB Act and sets forth the terms and conditions of the transportation rendered by Brunswick Pipeline.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory Assets and
Liabilities</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory assets and liabilities consisted
of the following: </font></font><a name="xbrl_ts_06b4a648bf804b5c9e19a778c_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">165</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_166"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=62% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td nowrap valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory assets</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income tax regulatory assets</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
632</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
431</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Pension and post-retirement medical plan</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
373</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Environmental remediations </font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
49</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unamortized defeasance costs </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 46</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015 demand side management deferral</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 36</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GBPC Hurricane Matthew restoration</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
28</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Stranded cost recovery</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
27</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Debt basis adjustment</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
19</font></b></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferrals related to derivative instruments</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 68</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cost-recovery clauses </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred bond refinancing costs </font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism&#160; </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
87</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 64</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,322</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
699</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
80</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 94</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,242</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
605</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total regulatory assets </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,322</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
699</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory liabilities</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accumulated reserve - cost of remova</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">l &nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
990</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 94</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferrals related to derivative instruments</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
230</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
210</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cost-recovery clauses </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
153</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulated fuel adjustment mechanism&#160; </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
94</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission and delivery storm reserve</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
75</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Self-insurance fund&#160; </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(notes 7 and 33)</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Deferred income tax regulatory liabilities</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bill reduction credit</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 4)</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
31</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,639</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
465</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
362</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
112</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,277</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
353</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=62% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total regulatory liabilities</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,639</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
465</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_9fd59a6f61284f1bb0eace3ea"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Deferred Income Tax Regulatory Asset and Liability</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">To the extent deferred income taxes are
expected to be recovered from or returned to customers in future rates, a regulatory asset or liability is recognized, unless specifically directed otherwise by a regulator.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Pension and Post-Retirement Medical Plan
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This asset is primarily related to the
deferred costs of pension and postretirement benefits at Emera Florida and New Mexico. It is included in rate base and earns a rate of return as permitted by the FPSC or NMPRC, as applicable. It is amortized over the remaining service life of plan
participants.&#160; </font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Environmental Remediation</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">This asset is primarily related to Peoples Gas costs associated with the
environmental remediation at manufactured gas plant sites. The balance is included in rate base, partially offsetting the related liability, and earns a rate of return as permitted by the FPSC. The timing of recovery is based on a settlement
agreement approved by the FPSC.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Unamortized Defeasance Costs</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Upon privatization in 1992, NSPI became
responsible for managing a portfolio of defeasance securities held in trust that provide the principal and interest streams to match the related defeased debt, which as </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">166</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_167"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, totaled $<a name="xbrl_cs_2acdab899d4944218804d2585">
</A>0.8 <a name="xbrl_cs_2acdab899d4944218804d2585_bclend"></A>billion </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $<a name="xbrl_cs_de38681be46c4298ba3b4ae75"></A>0.8 <a name="xbrl_cs_de38681be46c4298ba3b4ae75_bclend"></A>billion).&#160; The excess of the cost of defeasance
investments over the face value of the related debt is deferred on the balance sheet and amortized over the life of the defeased debt as approved by the UARB.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 DSM Deferral</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Effective January 1, 2015, NSPI must
purchase electricity efficiency and conservation activities (&#8220;Program Costs&#8221;) from EfficiencyOne, the provincially appointed franchisee to deliver energy efficiency programs to Nova Scotians.&#160; The 2015 Program Costs were deferred to
a regulatory asset and are recoverable from customers over an eight-year period which began in 2016.&#160; The UARB directed EffficiencyOne to review the financing options through which they would borrow the 2015 deferral amount from a commercial
lender in order to repay NSPI the amount it expended on behalf of its customers in 2015.&#160; On December 2, 2016, EffficiencyOne secured the financing and advanced funds to NSPI to finance the 2015 DSM deferral.&#160; This was set up as a payable
on the consolidated balance sheet, included in current and long-term other liabilities.&#160; As NSPI collects the associated amounts from customers over the next seven years, it will repay the balance to EfficiencyOne thereby reducing the
liability.&#160; The 2016 annual DSM costs have not been deferred and have been charged to earnings.</font></font><a name="xbrl_ts_9fd59a6f61284f1bb0eace3ea_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fb1f00cadedd4afcb8190719f"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Hurricane Matthew Restoration</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This asset represents restoration costs
incurred by GBPC associated with Hurricane Matthew.&#160;&#160;&#160; The asset is being amortized over five years and is included in rate base.&#160; The GBPA has approved full recovery of storm restoration costs.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Stranded Cost
Recovery</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Due to the
decommissioning of a steam turbine in GBPC during 2012, the GBPA approved the recovery of a $<a name="xbrl_cs_3fccb735cb0d453f833724eac"></A>21<a name="xbrl_cs_3fccb735cb0d453f833724eac_bclend"></A> million USD stranded cost through electricity
rates; it is included in rate base for 2016 to 2018. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Debt Basis Adjustment</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This asset represents the difference between the fair value and pre-merger carrying amounts for NMGC&#8217;s long-term
debt on the date TECO Energy acquired NMGC. In accordance with purchase accounting standards, NMGC&#8217;s long-term debt was valued at fair value on the Consolidated Balance Sheets. In accordance with the stipulation agreement with the NMPRC, an
offsetting regulatory asset was recorded in order to eliminate the effects of purchase accounting on rate payers. The asset does not earn a return and is not included in the regulatory capital structure. It is amortized over the term of the related
debt instrument.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Deferrals Related to Derivative Instruments&#160; </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Tampa Electric, PGS, NMGC, NSPI and GBPC
defer changes in fair value of derivatives that are documented as economic hedges or that do not qualify for NPNS exemption, as a regulatory asset or liability. The realized gain or loss is recognized when the hedged item settles in fuel for
generation and purchased power or inventory, depending on the nature of the item being economically hedged.&#160; Tampa Electric deferrals related to derivative instruments are recovered through cost-recovery mechanisms on a dollar-for-dollar basis
in the year following the settlement of the derivative position.</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&#160;&#160;&#160; &nbsp;</font></font><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cost Recovery Clauses </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">These assets and liabilities are related to FPSC and NMPRC clauses and riders.&#160; They are recovered or refunded through cost-recovery mechanisms approved by FPSC or
NMPRC, as applicable, on a dollar-for-dollar basis in the next year.&#160; In the case of the regulatory asset related to derivative liabilities, recovery occurs in the year following the settlement of the derivative position.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Deferred Bond Refinancing
Costs</font></b></font></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">167</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_168"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This asset represents Tampa Electric and NMGC past costs associated with refinancing debt.&#160; It does not earn a return but is instead included in the capital
structure, which is used in the calculation of the weighted average cost of capital used to determine revenue requirements.&#160; It is amortized over the term of the related debt instruments.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Fuel Adjustment
Mechanism</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Differences between actual Fuel Costs and
amounts recovered from NSPI customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a subsequent year.&#160; The 2016 FAM liability is recorded as a current FAM
liability of $<a name="xbrl_cs_4f7020c4cacf4e0ea1c06ce1d"></A>32<a name="xbrl_cs_4f7020c4cacf4e0ea1c06ce1d_bclend"></A> million, to be applied in 2017 and a long-term FAM liability of $<a name="xbrl_cs_71e851c50dd3487fbcab62e97"></A>62<a name="xbrl_cs_71e851c50dd3487fbcab62e97_bclend">
</A> million to be returned to customers during the 2018 through 2019 period as legislated.</font></font><a name="xbrl_ts_fb1f00cadedd4afcb8190719f_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_c977afc9a4fd4ab18f9cfe20a"></A><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Accumulated Reserve &#8211;
Cost of Removal </font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">This regulatory liability represents the non-ARO Cost of Removal
(&#8220;COR&#8221;) in the accumulated reserve for depreciation of Tampa Electric and NSPI.&#160; AROs are costs for legally required removal of property, plant and equipment.&#160; Non-ARO COR represent estimated funds received from customers
through depreciation rates to cover future non-legally required cost of removal of property, plant and equipment, net of salvage value upon retirement, which reduces rate base for ratemaking purposes.</font></font><font style="border:none;"><font
face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;"> &nbsp;</font></font><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">This liability is reduced as COR are incurred
and increased as depreciation is recorded for existing assets and as new assets are put into service.&#160; Prior to July 1, 2016, NSPI presented COR as a deduction in the carrying value of property, plant and equipment as part of accumulated
depreciation.&#160; The total amount reclassified as at December 31, 2015 was $<a name="xbrl_cs_58c52c430dd84dc5bb490dc7e"></A>94<a name="xbrl_cs_58c52c430dd84dc5bb490dc7e_bclend"></A> million.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:12.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Transmission and Delivery Storm Reserve</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">The storm reserve is for hurricanes and other named storms that cause significant damage to Tampa Electric&#8217;s system.&#160; Tampa Electric can petition the FPSC to seek recovery of
restoration costs over a 12-month period, or longer, as determined by the FPSC, as well as replenish its reserve to the current level.&#160; As a result of several named storms including Tropical Storm Colin, Hurricane Hermine and Hurricane Matthew,
Tampa Electric incurred $<a name="xbrl_cs_36dcfd494ac44d3a9cae9bb63"></A><a name="xbrl_cs_6775123919fb422a94910ea99"></A>11<a name="xbrl_cs_36dcfd494ac44d3a9cae9bb63_bclend"></A><a name="xbrl_cs_6775123919fb422a94910ea99_bclend"></A> million of
storm costs in 2016 and 2015.&#160; On January 31, 2017, Tampa Electric petitioned the FPSC to seek full recovery of those costs as a surcharge to customers during the five month period ended December 31, 2017.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face="Times New Roman,serif" lang=EN-CA style="font-size:12.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Bill Reduction
Credit</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">This regulatory liability represents
NMGC&#8217;s stipulation agreement included a commitment to provide an annual bill reduction credit to customers of $<a name="xbrl_cs_a442971d631f4538b4ba1eb6f"></A>4<a name="xbrl_cs_a442971d631f4538b4ba1eb6f_bclend"></A> million USD per year
through June 30, 2018, as part of Emera&#8217;s acquisition of TECO Energy.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_c977afc9a4fd4ab18f9cfe20a_bclend"></A><font
face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_ad0db52dc6d341289b3722da4"></A><a name="_toc311109934"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;text-transform:uppercase;">18.</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;text-transform:uppercase;"> &#160;RELATED PARTY TRANSACTIONS</font></b></font><a name="xbrl_ts_ad0db52dc6d341289b3722da4_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_bcf0ec03e86a4cfc83ae0ace9"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In the ordinary course of business, Emera provides energy, construction and other services and enters into transactions with its subsidiaries, associates and other related
companies on terms similar to those offered to non-related parties.&nbsp; Inter-company balances and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between non-regulated and
regulated entities in accordance with accounting standards for rate-regulated entities, as discussed in note 1. All material amounts are under normal interest and credit terms.&nbsp; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant transactions between Emera and
its associated companies include natural gas transportation capacity revenues from M&amp;NP reported in the Consolidated Statements of Income. Revenues from </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">168</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_169"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">M&amp;NP, reported in Operating revenues, Non-regulated, totaled $<a name="xbrl_cs_43361c4b72194e88a662109d1">
</A>29<a name="xbrl_cs_43361c4b72194e88a662109d1_bclend"></A> million for the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> - $<a name="xbrl_cs_32cc15112329463f8c423117f"></A>23<a name="xbrl_cs_32cc15112329463f8c423117f_bclend"></A> million). &nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">There are no significant amounts between
Emera and its associated companies reported on Emera&#8217;s Consolidated Balance Sheets as at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">and </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&nbsp;</font></font><a name="xbrl_ts_bcf0ec03e86a4cfc83ae0ace9_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">19.</font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160; PREPAYMENTS AND OTHER CURRENT
ASSETS</font></b></p> </td>
<td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Prepayments and other current assets consisted of the following:</font></p> </td>
<td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capitalized transportation capacity </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
190</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
223</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Prepaid expenses</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
57</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Due from related parties</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
16</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net investment in direct financing lease</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
276</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
256</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Capitalized transportation capacity represents the value of transportation/storage received by EES on asset management agreements at the inception of the
contracts.&#160; The asset is amortized over the term of each contract. </font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;
</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_06603fd7573e4941a2e1839e4"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">20.
</font></b></font><font color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;
PROPERTY, PLANT AND EQUIPMENT</font></b></font><a name="xbrl_ts_06603fd7573e4941a2e1839e4_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Property, plant and equipment consisted of the following regulated and non-regulated assets: </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td valign=top width=33% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Estimated useful
life</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Generation</font></p> </td>
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3 to
131</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10,553</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,957</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transmission</font></p> </td>
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">28 to
77</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,799</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,603</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Distribution</font></p> </td>
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">11 to
80</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,715</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,503</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Gas transmission and distribution</font></p> </td>
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10 to
85</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,895</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">General plant and other</font></p> </td>
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3 to 50</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,711</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
932</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total cost</font></p> </td>
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
23,673</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,995</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:&#160; Accumulated depreciation</font></p> </td>
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
(7,787)&nbsp;</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3,737)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15,886</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,258</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Construction work in progress</font></p> </td>
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,404</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
211</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net book value</font></p> </td>
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17,290</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,469</font></p> </td> </tr> </table></div> <p style="margin:0in;margin-bottom:.0001pt;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&nbsp;
</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_77eee36c2c0e4ca89a49349d5"></A><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">21.</font></b><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">&#160; EMPLOYEE BENEFIT PLANS</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera maintains a number of contributory defined-benefit and defined-contribution pension plans, which cover substantially all of its
employees.&#160; In addition, the Company provides non-pension benefits for its retirees.&#160; These plans cover employees in Nova Scotia, New Brunswick, Newfoundland and Labrador, Florida, Maine, Connecticut, Massachusetts, Rhode Island, New
Mexico, Barbados, Dominica and Grand Bahama Island.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The acquisition of TECO Energy has added three defined benefit pension plans:</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy Group Retirement Plan.&#160; An ongoing qualified pension plan covering all employees of TECO Energy, Inc. and its affiliates.&#160; This plan is a pension equity
plan funded solely by employer contributions.&#160; There are no employee contributions to this plan.</font></p> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy Group Supplemental Executive Retirement Plan.&#160; An unqualified supplemental executive retirement plan covering certain officers elected by the previous TECO
Energy Board of Directors.&#160; This plan was historically unfunded, but was funded as a result of Emera&#8217;s acquisition of TECO Energy. </font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy Group Benefit Restoration Plan. &#160;An unfunded supplemental executive retirement plan effective January 1, 2016. The plan provides
the benefits under the TECO Energy Group </font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">169</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_170"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Retirement Plan formula that would otherwise be restricted as a result of the Internal Revenue Code.</font></p>
<p style="margin-bottom:0in;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition, there are two non-pension benefit plans:</font></p> <p style="margin-bottom:0in;margin-left:39.0pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font
face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy Post-retirement Health and Welfare Plan.&#160; This plan offers retirees under age 65 and their dependents a self-funded health reimbursement account
(&#8220;HRA&#8221;) medical plan identical to that offered to active TECO Energy employees.&#160; Retirees over the age of 65 are enrolled in a Medicare Advantage plan.</font></p>
<p style="margin-bottom:0in;margin-left:39.0pt;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">New Mexico Gas Company Retiree Medical Plan.&#160; This plan offers retirees under age 65 and their dependents a self-funded HRA medical plan
identical to that offered to active TECO Energy employees.&#160; Retirees over age 65 and their dependents receive a fixed subsidy with which they can purchase additional coverage through a medical supplement program.&#160; Dental benefits are
provided to retirees and spouses. Plan assets are held in a trust.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The net periodic costs below that relate to TECO Energy reflect purchase accounting at the acquisition date.&#160; In accordance with the
Company&#8217;s accounting policies, unamortized gains and losses and past service costs are recognized in AOCI for TECO Energy&#8217;s unregulated companies and as regulatory assets for their regulated companies.<a name="xbrl_ts_77eee36c2c0e4ca89a49349d5_bclend">
</A>&#160; </font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_5bbb9e4dbbc2496593f05f898"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Benefit Obligation and Plan Assets</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The changes in benefit obligation and plan
assets, and the funded status for all plans were as follows:</font></font><a name="xbrl_ts_5bbb9e4dbbc2496593f05f898_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the </font></p> </td>
<td colspan=8 valign=top width=64% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=4 valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:31.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Change in Projected Benefit Obligation (&quot;PBO&quot;) and Accumulated Post-retirement Benefit Obligation (&quot;APBO&quot;)</font></b></p> </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension
benefit plans</font></b></p> </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,520</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
88</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,470</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
102</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Addition of TECO Energy, July 1, 2016</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,035</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
277</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Service cost</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
35</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Plan participant contributions</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest cost</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
79</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 59</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Plan amendments</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Benefits paid </font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(94)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(61)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Actuarial losses </font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(15)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign currency translation adjustment</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
26</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,607</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
358</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,520</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 88</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Change in plan assets</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,300</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,205</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Addition of TECO Energy, July 1, 2016</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
830</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
29</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employer contributions</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
49</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
17</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Plan participant contributions </font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Benefits paid</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(94)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(61)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Actual return on assets, net of expenses</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
93</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 96</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Foreign currency translation adjustment</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,208</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,300</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Funded status, end of year </font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(399)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(319)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(220)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(82)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_736ff190a0f04adbadd07c937"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Plans with PBO/APBO</font></b></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">in excess of plan assets</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The aggregate financial position for all
pension plans where the PBO or, for post-retirement benefit plans, the APBO exceeds the plan assets for the years ended December 31 is as follows:</font></font><a name="xbrl_ts_736ff190a0f04adbadd07c937_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">170</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_171"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=4 valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension
benefit plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">PBO/APBO</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,579</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
358</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,489</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 87</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair value of plan assets</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,171</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,261</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Funded status</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(408)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(319)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(228)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(82)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_4964c696d3db48b69d4c4fb01"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Plans with Accumulated Benefit Obligation (&#8220;ABO&#8221;)</font></b></font><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> </font><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">in excess of plan assets</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The ABO for the defined benefit pension
plans was $<a name="xbrl_cs_ab1a7d5d203649bfb35954408"></A>2,489 <a name="xbrl_cs_ab1a7d5d203649bfb35954408_bclend"></A>million as at December 31,
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;
$<a name="xbrl_cs_7b5a1759e30045c4bfc1cf1e5"></A>1,427 <a name="xbrl_cs_7b5a1759e30045c4bfc1cf1e5_bclend"></A>million).&#160; The aggregate financial position for those plans with an ABO in excess of the plan assets for the years ended December 31
is as follows:</font></font><a name="xbrl_ts_4964c696d3db48b69d4c4fb01_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">ABO</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,462</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,424</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair value of plan assets</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,171</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,261</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Funded status</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(291)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(163)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_87ac6d28f7ac460c9ebf9129f"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Balance Sheet </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The amounts recognized in the Consolidated
Balance Sheets consisted of the following: </font></font><a name="xbrl_ts_87ac6d28f7ac460c9ebf9129f_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=4 valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension
benefit plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current liabilities</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(41)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term liabilities</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(367)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(302)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(224)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(79)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other asset (non-current)</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amount included in deferred tax asset</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
16</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=36% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">AOCL (AOCI) and regulatory assets after-tax adjustment</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
620</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
45</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net amount recognized at end of year</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
237</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(275)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(94)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_61ac3cbdbadb46b59a33fb327"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Amounts recognized in AOCI and Regulatory assets</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Unamortized gains and losses and past
service costs arising on post-retirement benefits are recorded in AOCI or regulatory assets.&#160; Unamortized net losses and past service costs as at the acquisition date for TECO Energy&#8217;s regulated companies were recorded as regulatory
assets.&#160; The following table summarizes the change in AOCI and regulatory assets:</font></font><a name="xbrl_ts_61ac3cbdbadb46b59a33fb327_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=52% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory
assets</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Actuarial
losses</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(gains)</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Past
service</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(gains)
costs</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined Benefit Pension Plans</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1, 2016</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
353</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amortized in current period</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(42)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current year addition to AOCL or regulatory assets</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
318</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 19</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31, 2016</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
309</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefits plans</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1, 2016</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amortized in current period</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current year addition to AOCL (AOCI) or regulatory assets</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=52% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31, 2016</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">171</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_172"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=4 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension
benefit plans</font></b></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Actuarial losses</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
353</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 15</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Past service (gains)</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(3)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(27)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory assets</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
309</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
48</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total AOCL (AOCI) and regulatory assets on a pre-tax basis</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
636</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
44</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
349</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amount included in deferred tax asset</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net amount in AOCL (AOCI) and regulatory assets after-tax adjustment</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
620</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
45</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
330</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(9)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:115%;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Benefit cost components</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera's net periodic benefit cost included the following:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=12% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=27% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=4 valign=bottom width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=4 valign=bottom width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension
benefit plans</font></b></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Service cost</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
35</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest cost</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
79</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 59</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected return on plan assets</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(97)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(65)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Current year amortization of:</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=12% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Actuarial losses</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
42</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Past service costs (gains)</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(6)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets (liability)</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=38% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
67</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 63</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c3b4d926c35d495bb265c3602"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The expected return on plan assets is determined based on the market-related value of plan assets of $</font></font><a name="xbrl_cs_96ae72f7168544048caa64ed5">
</A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">1,180 </font></font><a name="xbrl_cs_96ae72f7168544048caa64ed5_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">million as at January 1, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and $<a name="xbrl_cs_5cc6b3070c70483da25df12dd"></A>859<a name="xbrl_cs_5cc6b3070c70483da25df12dd_bclend"></A> million as at the acquisition date for TECO
Energy </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $<a name="xbrl_cs_9d8172e323c040bb8bf21dcd3"></A>1,089 <a name="xbrl_cs_9d8172e323c040bb8bf21dcd3_bclend"></A>million), adjusted for interest on certain cash
flows during the year.&#160; The market-related value of assets for TECO Energy was reset to equal the market value of assets as at July 1, 2016.&#160; The market-related value of assets is based on a five-year smoothed asset value.&#160; Any
investment gains (or losses) in excess of (or less than) the expected return on plan assets are recognized on a straight-line basis into the market-related value of assets over a five-year period.</font></font><a name="xbrl_ts_c3b4d926c35d495bb265c3602_bclend">
</A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_8777e273342a4ea8abff95638"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Pension Plan Asset Allocations</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s investment policy includes
discussion regarding the investment philosophy, the level of risk which the Company is prepared to accept with respect to the investment of the Pension Funds, and the basis for measuring the performance of the assets.&#160; Central to the policy is
the target asset allocation by major asset categories.&#160; The objective of the target asset allocation is to diversify risk and to achieve asset returns that meet or exceed the plan&#8217;s actuarial assumptions. The diversification of assets
reduces the inherent risk in financial markets by requiring that assets be spread out amongst various asset classes.&#160; Within each asset class, a further diversification is undertaken through the investment in a broad basket of investment and
non-investment grade securities. Emera&#8217;s target asset allocation is as follows:</font></font><a name="xbrl_ts_8777e273342a4ea8abff95638_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">172</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_173"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=69% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Canadian Pension Plans</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=69% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=69% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset Class</font></p> </td>
<td colspan=4 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Target Range at
Market</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Short-term securities</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0%</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed income</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">35%</font></p> </td>

<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">50%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equities:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Canadian</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">12%</font></p> </td>

<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">22%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Non-Canadian</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">36%</font></p> </td>

<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">50%</font></p> </td>
</tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=69% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-Canadian Pension Plans</font></b></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=69% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=69% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset Class</font></p> </td>
<td colspan=4 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Target Range at
Market</font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted
average</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Short-term securities</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0%</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed income</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">40%</font></p> </td>

<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">48%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equities</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">50%</font></p> </td>

<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">61%</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bookmarkname3></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Pension Plan
assets are overseen by the respective Management Pension Committees in the sponsoring companies.&nbsp; All pension investments are in accordance with policies approved by the respective Board of Directors of each sponsoring company.
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following tables set out the
classification of the methodology used by the Company to fair value its investments:</font></font><a name="bookmarkname3_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=28% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=6 nowrap valign=bottom width=44% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NAV</font></b></p>
 </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
1</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
2</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Percentage</font></b>
</p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">31</font></b></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">31</font></b></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1</font></b></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net in-transits</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(42)</font></b></p>
 </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(42)</font></b></p>
 </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(2)</font></b></p>
 </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity Securities:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Canadian equity</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">192</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">192</font></b></p>
 </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9</font></b></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; US equity </font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">303</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">303</font></b></p>
 </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">14</font></b></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Other equity</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">243</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">243</font></b></p>
 </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">11</font></b></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed income securities:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Government</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">47</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">47</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2</font></b></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Corporate</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">53</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">53</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2</font></b></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Other</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">14</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">19</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1</font></b></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Open-ended investments measured at NAV</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,132</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,132</font></b></p>
 </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">51</font></b></p>
</td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Common collective trusts measured at NAV
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">230</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">230</font></b></p>
 </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">11</font></b></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=28% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total </font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,362</font></b></p>
 </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">732</font></b></p>
 </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">114</font></b></p>
 </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,208</font></b></p>
 </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">100</font></b></p>
 </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) NAV investments are open-ended registered and non-registered mutual funds, collective investment trusts, or pooled funds.&#160; NAV&#8217;s are calculated
daily and the funds honor subscription and redemption activity regularly.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) The common collective trusts are private funds valued at NAV.&#160; The NAVs are calculated based on bid prices of the underlying securities.&#160; Since
the prices are not published to external sources, NAV is used as a practical expedient.&#160; Certain funds invest primarily in equity securities of domestic and foreign issuers while others invest in long duration U.S. investment grade fixed income
assets and seeks to increase return through active management of interest rate and credit risks.&#160; The funds honor subscription and redemption activity regularly.</font></p> </td> </tr> </table></div>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;">
<td nowrap valign=bottom width=44% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=5 nowrap valign=bottom width=38% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2015</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td valign=top width=44% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NAV</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 1</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Percentage</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td width=44% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity securities:</font></p> </td>
<td width=4% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Canadian equity</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 190</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 190</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td width=44% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; US equity </font></p> </td>
<td width=4% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 240</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 240</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">18</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td width=44% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Other equity</font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 240</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 240</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">18</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:12.0pt;">
<td width=44% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Other investments measured at NAV</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 619</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 619</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">48</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:12.75pt;">
<td width=44% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total </font></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 619</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 682</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,301</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">100</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">173</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_174"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_2e9e6b096cae4d8897f9fa5bd"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Refer to note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">16&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> for more information on the fair value hierarchy and inputs used to measure fair value.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="background:lightgrey;border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Canadian
Post-Retirement Benefit Plans</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">There are no assets set aside to pay for the Canadian post-retirement benefit plans.&#160; As is common in Canada, post-retirement health benefits are paid from general
accounts as required.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">US Post-Retirement Benefit Plans
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s US subsidiaries currently
provide certain post-retirement health care and life insurance benefits for employees retiring after age 50 who meet eligibility requirements.&#160; Post-retirement benefit levels are substantially unrelated to salary.&#160; The company reserves the
right to terminate or modify plans in whole or in part at any time.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine provides retiree medical benefits to certain groups of employees.&#160; The Company's retiree medical expenses are incorporated into rate filings with its
regulators and are recovered through its electric rates to customers.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Energy and NMGC offers retirees under age 65 and their dependents a self-funded HRA medical plan identical to that offered to active TECO Energy employees.&#160; TECO
Energy retirees over the age of 65 are enrolled in a Medicare Advantage plan.&#160; NMGC retirees over age 65 and their dependents receive a fixed subsidy with which they can purchase additional coverage through a medical supplement program.&#160;
NMGC also provides dental benefits to retirees and spouses.</font></font><a name="xbrl_ts_2e9e6b096cae4d8897f9fa5bd_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The target asset allocation for the Emera
Maine Post-Retirement Benefits Plan is as follows:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=69% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset Class</font></p> </td>
<td colspan=4 valign=top width=31% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Target Range at
Market</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Short-term securities</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10%</font></p> </td>

<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">50%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed income</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0%</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">40%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equities:</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; US</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">30%</font></p> </td>

<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">60%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=69% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; Non-US</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0%</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">60%</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bookmarkname4></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The assets for the
NMGC Post-Retirement Benefits Plan are invested in life insurance policies.&#160;&#160; The life insurance does not mirror any specific employee benefit.&nbsp; The plan can tap into the cash surrender value of the life insurance policies to generate
cash to pay retiree medical costs.&nbsp; In addition, as the individuals covered by the life insurance die, the plan receives the life insurance proceeds (less any cash surrender value previously drawn upon) to cover retiree medical costs.&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The fair values of investments as at
December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, &nbsp;
</font></font><a name="bookmarkname4_bclend"></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">for all Post-Retirement Benefit Plans by asset category, are as follows:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">174</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_175"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=7 nowrap valign=bottom width=50% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NAV</font></b></p>
 </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
1</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level
2</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Percentage</font></b>
</p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=30% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=30% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Life insurance policies </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td nowrap valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
85</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=30% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other investments measured at NAV</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total </font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5</font></b></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
33</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
39</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) For valuation purposes, the life insurance policies held for the NMGC retiree medical plan are valued at the cash surrender value and are considered Level 2
assets</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=30% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=30% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=7 nowrap valign=bottom width=50% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31, 2015</font></p> </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td valign=top width=30% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NAV</font></p> </td>

<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 1</font></p>
</td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Level 2</font></p>
</td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Percentage</font></p>
 </td> </tr>
<tr style="height:12.0pt;page-break-inside:avoid;">
<td width=30% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Cash and cash equivalents</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=30% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other investments measured at NAV</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td nowrap valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 80</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:12.75pt;page-break-inside:avoid;">
<td width=30% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total </font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
100</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:12.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_4545547e05ae4410aeb864e4b"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Refer to Note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">16&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> for more information on the fair value hierarchy and inputs used to measure fair value. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="background:lightgrey;border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Investments in
Emera</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, the assets related to the pension funds and post-retirement
benefit plans do not hold any material investments in Emera or its subsidiaries securities.&nbsp; However, as a significant portion of assets for the benefit plan are held in pooled assets, there may be indirect investments in these
securities.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Cash Flows</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table shows the expected cash
flows for defined benefit pension and other post-retirement benefit plans:</font></font><a name="xbrl_ts_4545547e05ae4410aeb864e4b_bclend"></A></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=72% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=72% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected employer contributions</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
117</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom width=72% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected benefit payments</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
172</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
140</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
150</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
156</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 24</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
165</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2022 &#8211; 2026</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
912</font></p> </td>
<td nowrap valign=bottom width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td> </tr> </table></div> <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">175</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_176"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Assumptions</font></b></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=36% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=14% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:27.75pt;page-break-inside:avoid;">
<td colspan=8 valign=top width=98% style="height:27.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table shows the assumptions that have been used in accounting for defined benefit pension and other post-retirement benefit plans:</font></p>
</td>
<td valign=top width=2% style="height:27.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=4 valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=36% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(weighted average assumptions)</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension
benefit plans</font></b></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Benefit obligation &#8211; December 31:</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.96</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.18</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.02</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.04</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Rate of compensation increase</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.82</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.54</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.07</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.50</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Health care trend&#160; - initial (next year)</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.78</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.50</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; - ultimate </font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.45</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.20</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; - year ultimate reached</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Benefit cost for year ended December 31:</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.79</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.88</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.99</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.98</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected long-term return on plan assets</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.33</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.43</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.91</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Rate of compensation increase</font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.88</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.56</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.07</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.50</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Health care trend&#160; - initial (current year)</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.76</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.90</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; - ultimate </font></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.45</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.30</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=36% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160; - year ultimate reached</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></b></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=9 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Figures shown are weighted averages.&#160; Actual assumptions used differ by plan.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_b5b43e86333d44ba82ee7595f"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The expected long-term rate of return on plan assets is based on historical and projected real rates of return for the plan&#8217;s current asset allocation, and assumed
inflation.&#160; A real rate of return is determined for each asset class.&#160; Based on the asset allocation, an overall expected real rate of return for all assets is determined.&#160; The asset return assumption is equal to the overall real rate
of return assumption added to the inflation assumption, adjusted for assumed expenses to be paid from the plan.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The discount rate is based on high-quality
long-term corporate bonds, with maturities matching the estimated cash flows from the pension plan</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Sensitivity Analysis for Non-Pension Benefits Plans</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The health care cost trend significantly
influences the amounts presented for health care plans.&#160; An increase or decrease of one percentage point of the assumed health care cost trend would have had the following impact in </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">:&nbsp;
</font></font><a name="xbrl_ts_b5b43e86333d44ba82ee7595f_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increase</font></p>
</td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decrease</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Service cost and interest cost</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accumulated post-retirement benefit obligation, December 31</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 20</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(17)&nbsp;
</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_33acc432e6c444dfa96488a78"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Sensitivity Analysis for Defined Benefit Pension Plans</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The impact on the </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> benefit cost of a 25 basis point change in the discount
rate and asset return assumptions is as follows:&#160; </font></font><a name="xbrl_ts_33acc432e6c444dfa96488a78_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Increase</font></p>
</td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Decrease</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Discount rate assumption</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(7)&nbsp;
</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 7</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Asset rate assumption</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(4)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">176</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_177"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Amounts to be Amortized in the Next Fiscal Year</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table shows the amounts from the AOCL and regulatory assets, which are expected to be recognized as part of the net periodic benefit cost in
fiscal 2017:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=2 valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=bottom width=68% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Defined benefit
pension plans</font></p> </td>
<td colspan=2 valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-pension</font></p>
 <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">benefit
plans</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Actuarial gains (losses)</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(53)&nbsp;
</font></p> </td>
<td nowrap valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(1)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Past service gains</font></p> </td>
<td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td nowrap valign=bottom width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Regulatory assets</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td>
<td nowrap valign=bottom width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(68)&nbsp;
</font></p> </td>
<td nowrap valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 10</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Defined Contribution Plan</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_5a18a7b70153439cb68e8cab8">
</A><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera also provides a defined contribution pension plan for certain employees.&#160; The Company&#8217;s contribution for the year ended
December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $<a name="xbrl_cs_f274d8b1fd84419a99c57f976"></A>17<a name="xbrl_cs_f274d8b1fd84419a99c57f976_bclend"></A> million </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;
$<a name="xbrl_cs_87a2d5d152a8425f96056e434"></A>9<a name="xbrl_cs_87a2d5d152a8425f96056e434_bclend"></A> million), with the increase due to the acquisition of TECO Energy.</font></font><a name="xbrl_ts_5a18a7b70153439cb68e8cab8_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_adcd47dadf85492f9f335c770"></A><a name="_toc311109909"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">22.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;
&nbsp;</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">NET INVESTMENT IN DIRECT FINANCING LEASE</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s net investment in direct financing lease primarily relates to
Brunswick Pipeline. Brunswick Pipeline commenced service on July 16, 2009, transporting re-gasified LNG for Repsol Energy Canada under a 25-year firm service agreement.&#160; The agreement meets the definition of a direct financing capital lease for
accounting purposes.&#160; The net investment in direct financing lease consists of the sum of the minimum lease payments and residual value net of estimated executory costs and unearned income.</font><font
color=#00B050 face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> The unearned income is recognized in income over the
life of the lease using a constant rate of interest equal to the internal rate of return on the lease.&#160; Net investment in direct financing lease consists of the following:&#160;
</font></font><a name="xbrl_ts_adcd47dadf85492f9f335c770_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 nowrap valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total minimum lease payments to be received</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,194</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,202</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less: amounts representing estimated executory costs </font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(223)&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(213)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Minimum lease payments receivable</font></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
971</font></b></p> </td>
<td nowrap valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
989</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Estimated residual value of leased property (unguaranteed)</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
183</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
183</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less: unearned finance lease income</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(658)&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(686)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net investment in direct financing lease</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
496</font></b></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
486</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Principal due within one year (included in &#8220;Prepayments and other current assets&#8221;)</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net investment in direct financing lease &#8211; long-term</font></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
488</font></b></p> </td>
<td nowrap valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
480</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=11 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Future minimum lease payments to be received for the next five years:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=46% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the</font></p> </td>
<td colspan=10 valign=top width=54% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December
31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p>
</td>
<td colspan=2 valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p>
</td>
<td colspan=2 valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Minimum lease payments to be received</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 65</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less: amounts representing estimated executory costs</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(11)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(11)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(12)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=46% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Minimum lease payments receivable</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 54</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 53</font></p>
</td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">177</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_178"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.75pt;page-break-inside:avoid;">
<td colspan=5 valign=bottom width=100% style="height:15.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">23. </font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;GOODWILL&nbsp;</font></b></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The change in goodwill for the year ended December 31 is due to the following:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
264</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
222</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Acquisition of TECO Energy as at July 1, 2016 (note
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">)&nbsp;</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
5,771</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Impairment</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> &nbsp;</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Change in foreign exchange rate</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
178</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=71% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
6,213</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
264</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_3401c83389a14faa992a49f55"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Goodwill on Emera&#8217;s balance sheet relates to the acquisitions of TECO Energy (see note 4), Emera Maine and GBPC. Goodwill is subject to an annual assessment for
impairment at the reporting unit level. Reporting units are generally determined at the operating segment level or one level below the operating segment level. Emera&#8217;s reporting units with goodwill are Tampa Electric, PGS, New Mexico Gas,
Emera Maine and GBPC. &nbsp;</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Entities assessing goodwill for impairment
have the option of first performing a qualitative assessment to determine whether a quantitative assessment is necessary. If an entity performs the qualitative assessment, but determines that it is more likely than not that its fair value is less
than its carrying amount or if an entity bypasses the qualitative assessment, a quantitative two-step, fair value-based test is performed. The first step compares the fair value of the reporting unit to its carrying amount, including goodwill. If
the carrying amount of the reporting unit exceeds its fair value, the second step is performed. The second step requires an allocation of fair value to the individual assets and liabilities using purchase price allocation accounting guidance in
order to determine the implied fair value of goodwill. If the implied fair value of goodwill is less than the carrying amount, an impairment loss is recorded as a reduction to goodwill and a charge to operating expense. Emera reviews recorded
goodwill at least annually (during the fourth quarter) for each reporting unit, with interim impairment tests performed when impairment indicators are present.</font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A qualitative assessment was performed for
Emera Maine, concluding that the fair value of the reporting unit exceeded its carrying value, and as such, no quantitative assessment was performed.&#160; The fair value for GBPC was determined using a discounted cash flow analysis. The fair values
for the reporting units acquired in the TECO Energy acquisition (Tampa Electric, PGS, New Mexico Gas) have been preliminarily determined using a weighted combination of a discounted cash flow analysis, a market multiple analysis, and a comparable
transactions analysis. The discounted cash flow analysis relies on management&#8217;s best estimate of the reporting units&#8217; projected cash flows. It includes an estimate of terminal values based on these expected cash flows using a methodology
which derives a valuation using an assumed perpetual annuity based on the entity&#8217;s residual cash flows. The discount rate is a market participant rate based on a peer group of publicly traded comparable companies and represents the weighted
average cost of capital of comparable companies. The market multiples analysis utilizes multiples of business enterprise value to earnings before interest, taxes, depreciation and amortization (&#8220;EBITDA&#8221;) of comparable public companies in
estimating fair value. The comparable transaction analysis identified comparable company acquisitions within the industry and calculates the implied EBITDA multiple from the transaction, which is then applied to the last-twelve-months EBITDA of the
subject company. </font></font></p>
<p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Significant assumptions used in estimating
the fair value include discount and growth rates, valuation of NOLs, utility sector market performance and transactions, projected operating and capital cash flows and the calculation of the terminal value. In addition to this quantitative analysis,
management performed a qualitative assessment in Q4 2016 to ensure that there were no changes in facts or circumstances from the July 1, 2016 acquisition date that would require additional fair value testing for the Tampa Electric, PGS, and New
Mexico Gas reporting units. </font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">178</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_179"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The company determined the fair value of reporting units exceed their book value and related goodwill carrying amounts at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, resulting in no impairment charge. Adverse
changes in assumptions described above could result in a future material impairment of the goodwill assigned to Tampa Electric, PGS, New Mexico Gas, Emera Maine and GBPC. </font></font><a name="xbrl_ts_3401c83389a14faa992a49f55_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_aafc76379ff7465cb51911594"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">24.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">&#160;
SHORT-TERM DEBT</font></b></font><a name="xbrl_ts_aafc76379ff7465cb51911594_bclend"></A></h2> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c5ad5a5ec2fd40c79fdb0f8ac"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s short-term borrowings consist of commercial paper issuances, advances on revolving and non-revolving credit facilities and
short-term notes.&#160; Short-term debt and the related weighted-average interest rates as at December 31 consisted of the following:</font></font><a name="xbrl_ts_c5ad5a5ec2fd40c79fdb0f8ac_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:31.5pt;page-break-inside:avoid;">
<td valign=bottom width=52% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted-average
</font></b></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">interest
rate</font></b></p> </td>
<td colspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td colspan=2 valign=top width=15% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted-average
</font></p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">interest
rate</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy/TECO Finance </font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Advances on revolving credit and term facilities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
685</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.74</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric Company</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Advances on accounts receivable and revolving credit facilities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
228</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.49</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGC</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Advances on revolving credit facilities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
35</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.71</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bank indebtedness </font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.70</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.70</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GBPC</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Advances on revolving credit facilities</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
12</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.75</font></b></p>
 </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=52% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Short-term debt</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
961</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 16</font></p>
</td>
<td valign=top width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top width=96% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:29.25pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="height:29.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company&#8217;s total short-term revolving and non-revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as
follows: </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=61% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=61% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maturity</font></p>
</td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy/TECO Finance - term credit facility</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
537</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Energy/TECO Finance - revolving credit facility</font></p> </td>
<td width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 403</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric Company - revolving credit facility</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
436</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric Company - accounts receivable revolving credit facility</font></p> </td>
<td width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 201</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGC - revolving credit facility</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
168</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GBPC - revolving credit facility</font></p> </td>
<td width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,762</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:</font></p> </td>
<td width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Advances under revolving credit and term facilities</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
960</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=11% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Letters of credit issued inside credit facilities</font></p> </td>
<td width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total advances under available facilities</font></p> </td>
<td width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
963</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=11% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=61% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Available capacity under existing agreements</font></p> </td>
<td width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 799</font></b></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 18</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a5af745440bd44f29ec4c403d"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The weighted average interest rate on outstanding short-term debt at
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">was 1.73 per cent (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; 2.70 per cent).</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Credit Facilities</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.25in;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO
Energy/TECO Finance Term Credit Facility</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy has a $537 million ($400 million USD) bank credit facility maturing March 14, 2017. Interest rates on the borrowings are based on LIBOR plus a margin. TECO Finance expects to
refinance the credit facility before maturity.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">179</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_180"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.25in;page-break-after:avoid;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy/TECO Finance Revolving Credit Facility</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Energy has a $403 million ($300
million USD) bank credit facility maturing December&nbsp;17, 2018. Interest rates on the borrowings are based on LIBOR plus a margin.</font></font></p>
<p align=left style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.25in;page-break-after:avoid;text-align:left;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;font-style:normal;line-height:normal;">TEC Credit Facility</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TEC has a $436 million ($325 million USD) bank credit facility with a maturity date of December&nbsp;17, 2018. Interest rates on the
borrowings are based on LIBOR plus a margin. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TEC Accounts Receivable Facility </font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;"><font
face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TEC has a $201 million ($150 million USD) accounts receivable collateralized borrowing facility with a maturity date of March 23, 2018.
Interest rates on the borrowings are based on prevailing asset-backed commercial paper rates. TEC has pledged as collateral a pool of receivables equal to the borrowings outstanding in the case of default. TEC continues to service, administer and
collect the pledged receivables, which are classified as receivables on the balance sheet. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:.25in;page-break-after:avoid;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC Credit Agreement </font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:6.0pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NMGC has a $168 million ($125 million
USD) bank credit facility with a maturity date of December 17, 2018. Interest rates on the borrowings are based on one-month LIBOR plus a margin. </font></font><a name="xbrl_ts_a5af745440bd44f29ec4c403d_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <h2 style="border:none;margin:0in;margin-bottom:.0001pt;margin-left:.25in;page-break-after:avoid;text-indent:-.25in;"><a name="xbrl_ts_990ae32b120d498a8921b8ef2"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">25.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;text-transform:uppercase;">&#160; OTHER
CURRENT LIABILITIES</font></b></font><a name="xbrl_ts_990ae32b120d498a8921b8ef2_bclend"></A></h2> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:12.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other current liabilities consisted of the following:</font></p> </td>
<td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 valign=top width=16% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accrued charges</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
137</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accrued interest on long-term debt</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
96</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Sales and other taxes payable</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
16</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 4</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accrued interest on convertible debentures represented by instalment receipts </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(note 8)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emission credits obligations </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
10</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
22</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
281</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
207</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Throughout the three-year compliance period associated with the Regional Greenhouse Gas Initiative for carbon dioxide emissions, an obligation is recognized
as gas is burned, measured at the cost to acquire credits for the related emissions. Emission credits are capitalized to inventory (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">note 14</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">) when purchased and subsequently applied against the emission liabilities at the end of each compliance period.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_72f6f5cbd0be41f1990775959"></A><a name="_toc311109903"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">26.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;
L</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">ONG-TERM DEBT</font></b></font><a name="xbrl_ts_72f6f5cbd0be41f1990775959_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_07338b8134ae4293b98474ba5"></A><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s long-term debt includes the issuances detailed below.&#160; Bonds, notes and debentures are at fixed interest rates and are unsecured unless noted below.
Included are certain bankers&#8217; acceptances and commercial paper where the Company has the intention and the unencumbered ability to refinance the obligations for a period greater than one year.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Long-term debt as at
December 31, including the debt assumed on the acquisition of TECO Energy, consisted of the following:</font></font><a name="xbrl_ts_07338b8134ae4293b98474ba5_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">180</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_181"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:31.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted Average Interest Rate 2016 </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p>
</td>
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted Average Interest Rate 2015 </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p>
</td>
<td nowrap valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maturity</font></p>
</td>
<td colspan=2 valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td>
<td height=42 style="border:none;height:31.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera&#160; </font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Bankers acceptances, LIBOR loans </font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
30</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 240</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unsecured fixed rate notes</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.50%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.85%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019-2023</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
725</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
475</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed to floating subordinated notes (USD)
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">6.75%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2076</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,611</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,366</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
715</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera US Finance LP </font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unsecured senior notes (USD) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.60%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019 -
2046</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,364</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,364</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">TECO Finance </font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable rate notes (USD)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
336</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed rate notes and bonds (USD)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.86%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017 -
2020</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
805</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,141</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Tampa Electric </font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)&nbsp;</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed rate notes and bonds (USD)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.90%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018 - 2045</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,579</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,579</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">PGS</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed rate notes and bonds (USD)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.06%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018 -
2045</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
351</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
351</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGC</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed rate notes and bonds (USD)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.53%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021 - 2026</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
363</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
363</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NMGI</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed rate notes and bonds (USD)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.41%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019 -
2024</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
269</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
269</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Commercial paper </font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
264</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 369</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Medium term fixed rate notes</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.73%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.73%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019 -
2097</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,965</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,965</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fixed rate debenture</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.75%</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.75%</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
95</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 95</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capital lease obligations</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.80%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.58%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,324</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 2,430</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine </font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">LIBOR loans and demand loans </font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
32</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Secured fixed rate mortgage bonds (USD)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.74%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">9.74%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020-2022</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
67</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 69</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unsecured senior fixed rate notes (USD)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.28%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">4.31%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017-2044</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
281</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 296</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
380</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
397</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">EBP</font></b></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Senior secured credit facility</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.08%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.08%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
248</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
249</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
248</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 249</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">GBPC </font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unsecured amortizing fixed rate notes (USD)</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.62%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3.62%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021-2022</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
63</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 77</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unsecured senior notes (USD)</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.07%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">7.07%</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020-2023</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
67</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 68</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 145</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BLPC&#160; &amp; ECI</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Secured fixed rate senior notes </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)&nbsp;</font></p> </td>

<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.65%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5.64%</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020 - 2028</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
81</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 89</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Secured senior notes (USD) </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Variable</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
201</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=bottom style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
282</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 89</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Adjustments</font></b></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fair market value adjustment - TECO Energy acquisition
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(7)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
58</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Debt issuance costs</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(111)&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(16)&nbsp;
</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Amount due within one year </font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(476)&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(274)&nbsp;</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(529)&nbsp;
</font></b></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(290)&nbsp;
</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-Term Debt</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,268</font></b></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,735</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Weighted average interest rate of fixed rate long-term debt.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) See below for details on the long-term debt related to the acquisition of TECO Energy.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) TECO Energy is a full and unconditional guarantor of TECO Finance&#8217;s securities, and no subsidiaries of TECO Energy guarantee TECO Finance&#8217;s
securities.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4) A substantial part of Tampa Electric&#8217;s tangible assets are pledged as collateral to secure its first mortgage bonds. There are currently no bonds
outstanding under Tampa Electric&#8217;s first mortgage bond indenture.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5) Notes are issued and payable in either USD, BBD or East Caribbean Dollar (XCD).</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6) See below for details on the long-term debt issued by ECI in November, 2016.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(7) On acquisition of TECO Energy, Emera recorded a fair market value adjustment on the unregulated long-term debt acquired. The fair market value adjustment is
amortized over the remaining term of the debt.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">181</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_182"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company&#8217;s total long-term revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows:</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=48% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maturity</font></p>
</td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera &#8211; revolving credit facility
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">June 2020</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
700</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
700</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPI - revolving credit facility </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p>
</td>
<td valign=top width=26% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">October
2020</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 600</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 500</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera Maine &#8211; revolving credit facility</font></p> </td>
<td valign=top width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">September
2019</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
107</font></b></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
111</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BLPC &#8211; revolving credit facility</font></p> </td>
<td width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017-2021</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td width=26% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,433</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,337</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less:</font></p> </td>
<td width=26% style="border:none;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=4% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Borrowings under credit facilities</font></p> </td>
<td width=26% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
326</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
641</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Letters of credit issued inside credit facilities</font></p> </td>
<td width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 37</font></b></p> </td>
<td width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 33</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Use of available facilities</font></p> </td>
<td width=26% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
363</font></b></p> </td>
<td width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
674</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Available capacity under existing agreements</font></p> </td>
<td width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 6.75pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,070</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 663</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=6 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Advances on the revolving credit facility can be made by way of overdraft on accounts up to $50 million.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_4f9fa603f99142b79c4dc3e29"></A><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Debt
Covenants</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera and its subsidiaries have debt
covenants associated with their credit facilities.&#160; Covenants are tested regularly and the Company is in compliance with covenant requirements.&#160;
 Emera&#8217;s significant covenants are listed below:</font></font><a name="xbrl_ts_4f9fa603f99142b79c4dc3e29_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=19% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=20% style="background:white;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Financial
Covenant</font></b></p> </td>
<td valign=top width=35% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Requirement</font>
</b></p> </td>
<td nowrap valign=top width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera</font></b></p> </td>
<td valign=top width=19% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=35% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=20% style="background:white;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=26% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Syndicated credit facilities</font></p> </td>
<td valign=top width=19% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Debt to capital
ratio</font></p> </td>
<td valign=top width=35% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Less than or equal
to 0.70 to 1</font></p> </td>
<td valign=top width=20% style="background:white;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.62:1</font></p>
</td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<h3 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:auto;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Recent Financing Activity</font></b></font></h3>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera</font></b></font>
</p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 13, 2016, Emera's Series H $250
million 2.96% medium-term notes matured and were repaid.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera &#8211; TECO Energy Acquisition Related Capital Market Transactions</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">U.S. Notes</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera US Finance LP, a
limited partnership financing subsidiary, wholly owned directly and indirectly by Emera, completed the issuance of $3.25 billion USD senior unsecured notes (&#8220;U.S. Notes&#8221;) by way of private placement.&#160; The U.S. Notes were sold only
to &#8220;qualified institutional buyers&#8221; under Rule 144A of the United States Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;) and to non-U.S. persons under Regulation S of the Securities Act and were not offered for sale
in Canada.&#160; The U.S. Notes are guaranteed by Emera and Emera US Holdings Inc., a wholly owned Emera subsidiary.&#160;&#160; The U.S. Notes bear interest semi-annually, in arrears, on June 15 and December 15 of each year, commencing on December
15, 2016.&#160; The U.S. Notes will not be listed on a securities exchange. </font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">182</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_183"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The U.S. Notes issued are as follows:</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$500 million USD three year, 2.15 per cent
Notes due 2019</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$750
million USD five year 2.70 per cent Notes due 2021</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$750 million USD ten year 3.55 per cent Notes due 2026</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">$1.25 billion USD thirty year 4.75 per cent Notes due 2046</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In connection with the
initial issuance of the U.S. Notes, Emera US Finance LP entered into a registration rights agreement with the initial purchasers of the U.S. Notes in which it undertook to offer to exchange the U.S. Notes for new notes, in an equal principal amount
and under the same terms, registered under the Securities Act.&#160; On December 15, 2016, a registration statement on Form F-10/Form S-4 was declared effective by the United States Securities and Exchange Commission (the &#8220;SEC&#8221;). On
January 17, 2017 the new notes were issued.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Hybrid
Notes</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera completed the issuance of $1.2 billion USD unsecured, fixed-to-floating subordinated notes (&#8220;Hybrid Notes&#8221;).&#160; The Hybrid Notes
were issued pursuant to a prospectus filed with the Nova Scotia Securities Commission (the &#8220;NSSC&#8221;) and a corresponding registration statement filed with the SEC under the United States / Canada Multijurisdictional Disclosure
System.&#160; The Hybrid Notes will mature on June 15, 2076.&nbsp; Emera will pay interest on the Hybrid Notes at a fixed rate of 6.75 per cent per year in equal semi-annual instalments on June 15 and December 15 of each year until June 15, 2026.
Beginning on June 15, 2026, and on every quarter thereafter that the Hybrid Notes are outstanding until their maturity on June 15, 2076 (the &#8220;Interest Reset Date&#8221;), the interest rate on the Hybrid Notes will be reset. The Hybrid Notes
are not currently listed and Emera does not intend to list them on any securities exchange or include them on any automated quotation system.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Beginning on June 15, 2026, and on every
Interest Reset Date until June 15, 2046, the Hybrid Notes will be reset at an interest rate of the three month LIBOR plus 5.44 per cent, payable in arrears.&#160; Beginning on June 15, 2046, and on every Interest Reset Date until June 15, 2076, the
Hybrid Notes will be reset at an interest rate of the three-month LIBOR plus 6.19 per cent, payable in arrears. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera may elect, at its sole option, to
defer the interest payable on the Hybrid Notes on one or more occasions for up to five consecutive years.&#160; Deferred interest will accrue, compounding on each subsequent interest payment date, until paid.&#160; Additionally, on or after June 15,
2026, Emera may, at its option, redeem the Hybrid Notes, at a redemption price equal to 100 per cent of the principal amount, together with accrued and unpaid interest.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=#1F497D style="border:none;"><font color=#1F497D face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Canadian
Notes</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera completed the
issuance of $500 million senior unsecured notes (&#8220;Canadian Notes&#8221;).&#160; The Canadian Notes were issued with a seven-year term to maturity and bear interest at a rate of 2.90 per cent.&nbsp; The notes will bear interest semi-annually in
arrears on June 16 and December 16 of each year, commencing on December 16, 2016.&#160; The Canadian Notes will not be listed on a securities exchange.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The proceeds of the U.S. Notes, Hybrid Notes
and Canadian Notes offerings were used to partially finance the purchase price for the Acquisition. &nbsp;Proceeds of the offerings, not otherwise required to complete the Acquisition, have been used for general corporate purposes.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI</font></b></font>
</p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On April 28, 2016, NSPI
increased its committed syndicated revolving bank line of credit to $600 million from $500 million.&#160; The increase will support ongoing business requirements and general corporate purposes.</font></font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">183</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_184"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 27, 2016, NSPI increased its commercial paper program to $500 million from $400 million, of which the full amount outstanding is backed by NSPI&#8217;s operating
credit facility referred to above. The amount of commercial paper issued results in an equal amount of its operating credit facility being considered drawn and unavailable.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">ECI</font></b></font>
</p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On November 29, 2016, ECI completed a
senior, secured floating rate, non-revolving term loan of $150 million USD.&#160; The loan is for a five year term and matures on November 29, 2021.&#160; Interest is due semi-annually and is based on 6 month LIBOR plus 4.08 per cent weighted
average. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_34607db379e7448bba946e65f"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Finance</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On April 10, 2015, TECO Finance completed an offering of $250 million USD aggregate principal amount of floating rate notes due 2018 (&#8220;the 2018 Notes&#8221;), which
are guaranteed by TECO Energy. The 2018 Notes were sold at par and mature on April 10, 2018. The 2018 Notes bear interest at a floating rate that is reset quarterly based on the three-month LIBOR plus 60 basis points. The 2018 Notes are not subject
to redemption prior to maturity. The 2018 Notes are effectively subordinated to existing and future liabilities of TECO Energy&#8217;s subsidiaries to their respective creditors, and also are effectively subordinated to any secured debt that TECO
Finance and TECO Energy incur to the extent of the value of the assets securing that indebtedness.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></i></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Tampa Electric</font></b></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:9.0pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 20, 2015, TEC completed an offering of $250 million USD aggregate principal amount of 4.20 per cent notes due May 15, 2045. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Long-Term Debt
Maturities</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, long-term debt
maturities, including capital lease obligations, for each of the next five years and in aggregate thereafter are as follows:</font></font><a name="xbrl_ts_34607db379e7448bba946e65f_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:31.5pt;page-break-inside:avoid;">
<td colspan=2 nowrap valign=bottom width=26% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p>
</td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p>
</td>
<td valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></p>
</td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Thereafter</font></p>
 </td>
<td valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:31.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
225</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,111</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,366</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Emera US Finance LP</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 33</font></p>
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<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 6</font></p>
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 32</font></p>
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
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<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
269</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
380</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
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<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
248</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
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<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
248</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
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<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 40</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 11</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
130</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">BLPC and ECI</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
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<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 29</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 30</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 58</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 26</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
110</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
282</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
476</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
791</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,380</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
835</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,687</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9,628</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14,797</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_36827818e806440fa65c48fdb"></A><a name="_toc311109903_0"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">27.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160;
&nbsp;</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">ASSET RETIREMENT OBLIGATIONS</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">AROs mostly relate to the reclamation of
land at the thermal, hydro and combustion turbine sites; and the disposal of polychlorinated biphenyls in transmission and distribution equipment and a pipeline site.&#160; Certain hydro, transmission and distribution assets may have additional ARO
that cannot be measured as these assets are expected to be used for an indefinite period and, as a result, a reasonable estimate of the fair value of any related ARO cannot be made.&#160;
 </font></font><a name="xbrl_ts_36827818e806440fa65c48fdb_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">184</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_185"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The change in ARO for the years ended December 31 is as follows:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, January 1</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
106</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Additions </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
48</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Additions due to acquisition</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
9</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Liabilities settled</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accretion included in depreciation expense</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
7</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Accretion deferred to regulatory asset (included in property, plant and equipment)</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(8)&nbsp;
</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Other</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1</font></b></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=72% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Balance, December 31</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
170</font></b></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
109</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) Tampa Electric produces ash and other by-products known as coal combustion residuals (&quot;CCRs&quot;) at its Big Bend and Polk power stations. The 2016
additions to ARO are to achieve compliance with the EPA's CCR rule, which contains design and operating standards for CCR management units. In 2016, the FPSC approved Tampa Electric's proposed CCR compliance program for cost recovery through the
Environmental Cost Recovery Clause. However, additional petitions will be submitted for recovery of future project expenses based on engineering studies currently being performed.</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_4704fe575208488796ba73f31"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, some of the Company&#8217;s transmission and distribution assets may have additional conditional ARO which are not recognized in the financial statements as the fair
value of these obligations could not be reasonably estimated, given there is insufficient information to do so.&#160; Management will continue to monitor these obligations and a liability will be recognized in the period in which an amount becomes
determinable.</font></font><a name="xbrl_ts_4704fe575208488796ba73f31_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_7da190391699419ebc25fa0b2"></A><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">28.</font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">&#160; COMMITMENTS AND CONTINGENCIES </font></b></p>
<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">A.</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;
 </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Commitments&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">As at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, contractual commitments (excluding pensions and other post-retirement obligations,
convertible debentures, long-term debt and AROs) for each of the next five years and in aggregate thereafter consisted of the following:<a name="xbrl_ts_7da190391699419ebc25fa0b2_bclend"></A></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2017</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2018</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2019</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2020</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2021</font></p> </td>
<td colspan=2 valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Thereafter</font></p>
 </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Purchased power </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
253</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
224</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
206</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
202</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
198</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
2,272</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3,355</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Fuel and gas supply</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 475</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 161</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 109</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 28</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 22</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 795</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Demand Side Management</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 48</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 13</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
103</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Transportation </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 496</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 392</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 310</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 280</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 196</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 1,622</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 3,296</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Long-term service agreements </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 92</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 55</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 67</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 44</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 42</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
227</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
527</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Capital projects</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 133</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 133</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Equity investment commitments </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
236</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
200</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
436</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Leases and other </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 66</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 17</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 14</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 12</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 8</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 70</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 187</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,793</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
897</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
719</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
766</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
466</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4,191</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
8,832</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="border:none;border-bottom:none black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Annual requirement to purchase electricity production from independent power producers or other utilities over varying contract lengths.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp; &nbsp; </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Purchasing commitments for transportation of fuel and transportation capacity on various pipelines.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) &nbsp; Maintenance of certain generating equipment, services related to a generation facility and wind operating agreements, outsourced management of
computer and communication infrastructure and vegetation management.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)&#160; &nbsp;Emera has a commitment in connection with the Federal Loan Guarantee (&quot;FLG&quot;) to complete construction of the Maritime Link.&#160;
Thirty per cent of the financing of this project will come from Emera as equity.&#160; Emera also has a commitment to make equity contributions to the Labrador Island Link Limited Partnership upon draw requests from the general partner.&#160; The
amounts forecasted are a combination of equity investments for both projects and are subject to change in both timing and amounts as the projects advance through construction.</font></p> </td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=15 valign=top style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)&#160; &nbsp;Operating lease agreements for office space, land, plant fixtures and equipment, telecommunications services, rail cars and vehicles.</font></p>
</td>
<td height=14 style="border:none;height:10.5pt;">&nbsp;</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_0db0996c10024cfd82d5e4a7f"></A><a name="xbrl_ts_2d5c2ea739534112b9a5e6e19"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In connection with the acquisition of TECO Energy, Emera made certain commitments approved by the NMPRC.&#160; See note </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">4&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> for additional information.</font></font><a name="xbrl_ts_2d5c2ea739534112b9a5e6e19_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Beginning in 2018, NSPI has a contractual
obligation to pay NSPML for use of the Maritime Link over 35 years. The timing and amount of future payments could change based on UARB approval and final costing of the Maritime Link after construction is complete.</font></font><a name="xbrl_ts_0db0996c10024cfd82d5e4a7f_bclend">
</A></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">185</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_186"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><a name="xbrl_ts_8876f9e6c3164804917d3188f"></A><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">B.</font></b><b>
<font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font></b><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Legal Proceedings</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Between September 16, 2015 and November 2, 2015, purported shareholders of TECO
Energy filed 12 separate complaints styled as class action lawsuits in the Circuit Court for the 13th Judicial Circuit, in and for Hillsborough County, Florida or the United States District Court for the Middle District of Florida (the &#8220;Merger
Litigation&#8221;).&nbsp; Each complaint alleges, among other things, that the Board of Directors of TECO Energy breached its fiduciary duties in agreeing to the acquisition agreement and that Emera and/or Emera US Inc. aided and abetted such
alleged breaches. The complaints sought to enjoin the merger pursuant to the acquisition agreement.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On November 17, 2015, TECO Energy, Emera, Emera US Inc. and the Board of Directors of TECO Energy entered into a memorandum of understanding with the shareholder
plaintiffs to settle all of the Merger Litigation, subject to negotiation of a stipulation of settlement with the plaintiffs and to court approval.&nbsp; The memorandum of understanding provides for all claims against the defendants to be released
in exchange for TECO Energy making certain additional disclosures to its shareholders related to the proposed merger, which have now been made.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 16, 2016, the judge entered an order and final judgement approving a stipulation of settlement negotiated by the parties, thereby concluding this
matter.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico&#160; </font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Coal</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Coal was sold by TECO Energy on September 21, 2015 to Cambrian Coal Corporation (&#8220;Cambrian&#8221;), prior to
Emera&#8217;s acquisition. On March 18, 2016, Cambrian delivered a notice of a purported claim to TECO Diversified.&#160; The claim asserted breach of certain representations, and fraud and willful misconduct in connection therewith, of the
Securities Purchase Agreement dated September 21, 2015 by and between TECO Diversified and Cambrian related to the purchase of TECO Coal by Cambrian.&#160; While the outcome of such matter is uncertain, management does not believe that its ultimate
resolution will have a material adverse effect on the Company&#8217;s results of operations, financial condition or cash flows.&#160; </font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TECO Guatemala Holdings
(&#8220;TGH&#8221;)</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December&nbsp;19, 2013, the International Centre for the Settlement of Investment Disputes (&#8220;ICSID&#8221;) Tribunal hearing the arbitration claim of TGH, a wholly owned subsidiary
of TECO Energy, against the Republic of Guatemala (Guatemala) under the Dominican Republic Central America &#8211; United States Fee Trade Agreement, issued an award in the case (&#8220;the Award&#8221;). The ICSID Tribunal unanimously found in
favor of TGH and awarded damages to TGH of approximately $<a name="xbrl_cs_8c8a8acca56346e3b58ed1ca5"></A>21<a name="xbrl_cs_8c8a8acca56346e3b58ed1ca5_bclend"></A> million USD, plus interest from October&nbsp;21, 2010 at a rate equal to the U.S.
prime rate plus <a name="xbrl_cs_f8f0e2cf3e1c439c962b37eab"></A>2<a name="xbrl_cs_f8f0e2cf3e1c439c962b37eab_bclend"></A> per cent. </font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On April&nbsp;18, 2014, Guatemala filed an
application for annulment of the entire Award (or, alternatively, certain parts of the Award) pursuant to applicable ICSID rules. </font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On April&nbsp;18, 2014, TGH separately
filed an application for partial annulment of the Award on the basis of certain deficiencies in the ICSID Tribunal&#8217;s determination of the amount of TGH&#8217;s damages. </font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On April 5, 2016, an ICSID ad hoc Committee issued a decision in favor of TGH in the annulment proceedings. In its decision, the ad hoc Committee unanimously dismissed Guatemala&#8217;s
application for annulment of the award and upheld the original $21 million USD award, plus interest. In addition, the ad hoc Committee granted TGH&#8217;s application for partial annulment of the award, and ordered Guatemala to </font>
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<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">pay certain costs relating to the annulment proceedings. As a result, TGH had the right to resubmit its arbitration claim against Guatemala to
seek additional damages (in addition to the previously awarded $21 million USD), as well as additional interest on the $21 million USD, and its full costs relating to the original arbitration and the new arbitration proceeding. </font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On September 23, 2016, TGH filed a request for resubmission to arbitration. On October 3, 2016, ICSID issued a notice of registration for TGH&#8217;s request for resubmission.&#160; TGH and
Guatemala have each selected an arbitrator and ICSID has recently selected a President for the new tribunal.&#160; Results to date do not reflect any benefit.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Superfund and Former Manufactured Gas
Plant Sites</font></i></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">TEC, through its Tampa Electric and Peoples Gas divisions, is a potentially responsible party (&#8220;PRP&#8221;) for certain superfund sites and, through its Peoples Gas division, for
certain former manufactured gas plant sites. While the joint and several liability associated with these sites presents the potential for significant response costs, as at December 31, 2016, TEC has estimated its ultimate financial liability to be $<a name="xbrl_cs_736e9dd5e0d14d85b801ec9d3">
</A>43<a name="xbrl_cs_736e9dd5e0d14d85b801ec9d3_bclend"></A> million ($<a name="xbrl_cs_f27c2c2119b4479ea59af6d69"></A>32<a name="xbrl_cs_f27c2c2119b4479ea59af6d69_bclend"></A> million USD), primarily at PGS. This amount has been accrued and is
primarily reflected in the long-term liability section under &#8220;Other long-term liabilities&#8221; on the Consolidated Balance Sheets. The environmental remediation costs associated with these sites are expected to be paid over many
years.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The estimated amounts represent only the portion of the cleanup costs attributable to TEC. The estimates to perform the work are based on TEC&#8217;s experience with similar work, adjusted
for site-specific conditions and agreements with the respective governmental agencies. The estimates are made in current dollars, are not discounted and do not assume any insurance recoveries.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In instances where other PRPs are involved, most of those PRPs are creditworthy and are likely to continue to be creditworthy for the duration of the remediation work. However, in those
instances that they are not, TEC could be liable for more than TEC&#8217;s actual percentage of the remediation costs.&#160; Factors that could impact these estimates include the ability of other PRPs to pay their pro-rata portion of the cleanup
costs, additional testing and investigation which could expand the scope of the cleanup activities, additional liability that might arise from the cleanup activities themselves or changes in laws or regulations that could require additional
remediation. Under current regulations, these costs are recoverable through customer rates established in subsequent base rate proceedings.<a name="fis_unidentified_table_20"></A><a name="fis_unidentified_table_20_bclend"></A>&#160; The FPSC has
approved, as part of the PGS depreciation settlement as discussed in note 17, an agreement to accelerate the amortization of the regulated asset associated with this reserve.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Maine</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On September 30, 2011, a group including the Attorney General of Massachusetts, New England utilities commissions, state
public advocates and end users filed a complaint with the FERC alleging that the <a name="xbrl_cs_5277dd5ce0f84d69a95e28fd2"></A>11.14<a name="xbrl_cs_5277dd5ce0f84d69a95e28fd2_bclend"></A> per cent base ROE under the ISO-New England
(&#8220;ISO-NE&#8221;) Open Access Transmission Tariff (&#8220;OATT&#8221;) was unjust and unreasonable.&nbsp; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On June 19, 2014, the FERC issued an order in connection with this complaint that changed the methodology used to set the ROE and resulted in a lower base transmission ROE of <a name="xbrl_cs_799a55930f494643a2efedb4c">
</A>10.57<a name="xbrl_cs_799a55930f494643a2efedb4c_bclend"></A> per cent and a lower total ROE (inclusive of incentive adders) of <a name="xbrl_cs_b85ac7aaeb494d26afa3bacf9"></A>11.74 <a name="xbrl_cs_b85ac7aaeb494d26afa3bacf9_bclend"></A>per cent
for the period of October 1, 2011 to December 31, 2012.&nbsp; The ROE was confirmed by FERC in two subsequent orders and has now been appealed to the U.S. Court of Appeals for the DC Circuit.&#160; The Court has decided to hold the appeal of this
case in abeyance pending the outcome of the ENE Case and MA AG II Case discussed below.</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On June 30, 2016, Emera Maine completed the processing of refunds to customers to reflect the <a name="xbrl_cs_0a64146d7753445b963047df8">
</A><a name="xbrl_cs_4270f12c606740cb9203e3944"></A>10.57<a name="xbrl_cs_0a64146d7753445b963047df8_bclend"></A><a name="xbrl_cs_4270f12c606740cb9203e3944_bclend"></A> per cent ROE.&#160; </font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On December 27, 2012, a second group of consumer advocates, including Environment Northeast, filed a complaint with the FERC on similar grounds, arguing that the 11.14 per cent base ROE
under the OATT was unjust and unreasonable (&#8220;the ENE Case&#8221;).&nbsp; This complaint applies to the period from January 1, </font>
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<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2013 to March 31, 2014.&#160; On July 31, 2014, a group of state commissions, state public advocates and end users filed a third complaint
with the FERC on similar grounds (&#8220;the MA AG II Case&#8221;) in relation to the period from July 31, 2014 to October 31, 2015. The ENE Case and MA AG II Case were subsequently consolidated by FERC into a single case.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On March 22, 2016, a FERC Administrative Law Judge (&#8220;ALJ&#8221;) issued a recommended decision to FERC with respect to the consolidated cases.&nbsp; The recommendation for the ENE Case
was a <a name="xbrl_cs_10577e337abc477eb246b8e5b"></A>9.59 <a name="xbrl_cs_10577e337abc477eb246b8e5b_bclend"></A>per cent base ROE, with a <a name="xbrl_cs_5c84aeaf46a34d1f9a8d05474"></A>10.42
<a name="xbrl_cs_5c84aeaf46a34d1f9a8d05474_bclend"></A>per cent maximum ROE, and the recommendation for the MA AG II Case was a <a name="xbrl_cs_cf82c68e85c64025962c3a8f6"></A>10.90 <a name="xbrl_cs_cf82c68e85c64025962c3a8f6_bclend"></A>per cent
base ROE, with a <a name="xbrl_cs_364c79268e054990991b36318"></A>12.19 <a name="xbrl_cs_364c79268e054990991b36318_bclend"></A>per cent maximum ROE. The ALJ&#8217;s recommended decision is not definitive and FERC has the ability to adjust the
ALJ&#8217;s recommended decision.&#160; A decision by FERC is not expected until early 2017.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">On April 29, 2016, an additional complaint was filed with FERC challenging the ROE under the ISO-NE transmission tariff.&nbsp; The complaint was filed by the Eastern Massachusetts
Consumer-Owned Systems (&#8220;EMCOS&#8221;), a collection of thirteen municipal light departments, seeking to reduce the base ROE to <a name="xbrl_cs_c5437a5534c64673a8efeaffe"></A>8.61 <a name="xbrl_cs_c5437a5534c64673a8efeaffe_bclend"></A>per
cent and the maximum ROE to <a name="xbrl_cs_b7c9f9fb2b0e4ddb9ee8a3e62"></A>11.24<a name="xbrl_cs_b7c9f9fb2b0e4ddb9ee8a3e62_bclend"></A> per cent for the period April 29, 2016 to July 29, 2017.&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera Maine has recorded a reserve of $<a name="xbrl_cs_2a5fed64abb84bc9a7a8c681a"></A>5<a name="xbrl_cs_2a5fed64abb84bc9a7a8c681a_bclend"></A> million pre-tax ($<a name="xbrl_cs_5b639b85d3c146d0a7577d54e">
</A>4<a name="xbrl_cs_5b639b85d3c146d0a7577d54e_bclend"></A> million USD) (December 31, 2015 - $<a name="xbrl_cs_3722a679034347a88aa7d2784"></A>7<a name="xbrl_cs_3722a679034347a88aa7d2784_bclend"></A> million or $<a name="xbrl_cs_1f77247f057c4788b0f3c54ea">
</A>5<a name="xbrl_cs_1f77247f057c4788b0f3c54ea_bclend"></A> million USD) for the ENE Case and MA AG II Case. The reserves recorded for these complaints have been recorded as &#8220;Regulatory Liabilities&#8221; on the Consolidated Balance Sheets
and as a reduction to &#8220;Operating revenues &#8211; regulated electric&#8221; on the Consolidated Statements of Income.&#160; The reserve was calculated on a 10.57 per cent base and represents Emera Maine&#8217;s best estimate of the probable
outcome. &nbsp;No update has been made to the reserve as a result of the ALJ recommendation as it is pending approval by the FERC and is considered uncertain until that time.&#160; No reserve has been made as a result of the EMCOS complaint, as the
outcome is considered uncertain. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Other Legal Proceedings</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:justify;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera and its subsidiaries may, from time to time, be involved in other legal
proceedings, claims and litigation that arise in the ordinary course of business which the Company believes would not reasonably be expected to have a material adverse effect on the financial condition of the Company. <a name="xbrl_ts_8876f9e6c3164804917d3188f_bclend">
</A>&#160;&#160;&#160;&#160;</font></p> <p style="margin-bottom:.25in;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><a name="xbrl_ts_a4b4b102764743828117687e2"></A><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">C.</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font></b><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Environment&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera&#8217;s activities are
subject to a broad range of federal, provincial, state, regional and local laws and environmental regulations, designed to protect, restore and enhance the quality of the environment including air, water and solid waste.&#160; Emera estimates its
environmental capital expenditures, excluding AFUDC, based upon present environmental laws and regulations.&#160; Amounts that have been committed to are included in &#8220;Capital projects&#8221; in the commitments table in note </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">28</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">A.&#160; The estimated expenditures do not include costs related to possible changes in the
environmental laws or regulations and enforcement policies that may be enacted in response to issues such as climate change and other pollutant emissions.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Florida and New Mexico</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Tampa Electric operates fossil fuel burning power
plants</font><font color=#0070C0 face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">with air emissions regulated by the Clean Air Act and material Clean Water Act
implications and impacts by federal and state legislative initiatives.&#160; Tampa Electric has achieved the emission-reduction levels called for in Phase I and Phase II of Clean Air Interstate Rule (&#8220;CAIR&#8221;) and these expenses were rate
recoverable under the Florida environmental cost recovery clause (&#8220;ECRC&#8221;) as approved by the FPSC.&#160; Similarly, future expenses should be eligible for recovery upon petition by Tampa Electric and approval by the FPSC.&#160; On July
7, 2011, EPA released its final CAIR-replacement rule, called Cross-State Air Pollution Rule (&#8220;CSAPR&#8221;).&#160; An update to CSAPR was finalized on October 26, 2016 and will be implemented in 2017.&#160; Based on updated EPA modeling and
favorable consideration of atmospheric dynamics, Florida is no longer subject to CSAPR requirements.&#160; However, Florida (including Tampa Electric power plants) could be subject to a future version of CSAPR </font>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">as a result of an expected update triggered by compliance with the more stringent 2015 ozone standard or ongoing litigation related to current
rule applicability.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI&#8217;s
 activities are subject to a broad range of federal, provincial, regional and local laws and environmental regulations, designed to protect, restore and enhance the quality of the environment including air, water and solid waste. </font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In November 2014, the Government of Canada and the Province of Nova Scotia entered into a Greenhouse gas (&#8220;GHG&#8221;) emission regulations equivalency agreement,
which allows NSPI to achieve compliance with federal GHG emissions regulations by meeting provincial legislative and regulatory requirements as they are deemed to be equivalent. </font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In March 2016, Canada&#8217;s First Ministers issued the &#8220;Vancouver Declaration&#8221; on clean growth and climate change. First Ministers agreed to develop a
Pan-Canadian Framework and implement it by early 2017. Four working groups, comprised of federal, provincial and territorial officials were established to provide recommendations and research to the Federal government.</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI provided input into this process through the Nova Scotia government, the Government of Canada and directly to the working groups through the submission of a
discussion paper.&#160; </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In October 2016, the Government of Canada announced that the pan-Canadian framework would
include a national price on carbon component, implemented by 2018 through either a carbon tax or a cap and trade system, applicable in each province except those which enact their own comparable carbon pricing mechanism by that time.
</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On November 21, 2016, the Government of Canada announced a second component of the plan would
include an accelerated plan to phase out coal in Canada, to transition Canada's electricity system towards <a name="xbrl_cs_88570dacffe941fca68ac762a"></A>90<a name="xbrl_cs_88570dacffe941fca68ac762a_bclend"></A> per cent non-emitting generation
sources by 2030.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On the same day, the Province of Nova Scotia and the Government of Canada made two
announcements regarding Nova Scotia&#8217;s participation in the Pan-Canadian plan:</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a4b4b102764743828117687e2_bclend"></A><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_96f2febc76f14a69a066d9670"></A><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Carbon pricing component </font></b></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">An agreement in principle covering the carbon component had been reached and will be governed
on the following principles: </font></font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Nova Scotia will adopt a
province-wide 2030 emissions reduction target equal or greater than Canada&#8217;s target of a <a name="xbrl_cs_0cd1946fccf748d4978df970e"></A>30<a name="xbrl_cs_0cd1946fccf748d4978df970e_bclend"></A> per cent reduction from 2005 levels by
2030;</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Nova Scotia will implement an
agreed upon cap and trade system; and</font></p> <p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><font face=Symbol lang=EN-US style="font-size:10.0pt;line-height:normal;">&#183;</font><font
face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:normal;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Province of Nova Scotia and
the Government of Canada will agree upon a methodology and scenarios for the modeling of projected GHG emissions to support the development of Nova Scotia&#8217;s cap and trade system.<a name="xbrl_ts_96f2febc76f14a69a066d9670_bclend"></A>
</font></p>
<p style="margin-bottom:.0001pt;margin-left:.5in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_101be98b15f3439a912584854"></A><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Accelerated phase out of coal component</font></b></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Nova
Scotia and the Government of Canada will establish a new equivalency agreement that will enable the province to move directly from fossil fuels to clean energy sources and enable NSPI&#8217;s coal-fired plants to operate at some capacity beyond
2030. </font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On December 9, 2016, the Government of Canada and eight provinces (including Nova Scotia)
signed the Pan Canadian Framework on Clean Growth and Climate Change. The Government of Canada has committed to ensuring that the provinces and territories have the flexibility to design their own policies and programs to meet emission-reduction
targets, supported by federal investments in infrastructure, specific emission-reduction opportunities and clean technologies. Details under the agreements are expected to be finalized by the end of 2017.&#160; NSPI anticipates that any costs
prudently incurred to </font></font>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">achieve the legislated reductions would be
recoverable from customers under NSPI&#8217;s regulatory framework. NSPI will continue to work with both the Province of Nova Scotia and the Government of Canada as the details of the agreements are finalized and to advance solutions that are in the
best interest of customers.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Government of Canada has indicated their intention to resume discussions regarding Base
Level Industrial Emission Requirements (&#8221;BLIER&#8221;s) for sulphur dioxide and nitrogen dioxide and have outlined their intention to develop a Clean Energy Standard for natural gas and possibly diesel. The details of both processes are not
yet known. NSPI will participate in these processes in 2017.</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI estimates its environmental capital expenditures, excluding AFUDC, based upon present environmental laws and regulations will be approximately $<a name="xbrl_cs_a4e9b5a56c5a4c3b9b5c678ce">
</A>41<a name="xbrl_cs_a4e9b5a56c5a4c3b9b5c678ce_bclend"></A> million during fiscal </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2017&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> and are estimated to be $<a name="xbrl_cs_bb27bba8a5b44af6a9a351c6c"></A>41<a name="xbrl_cs_bb27bba8a5b44af6a9a351c6c_bclend"></A> million from </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2018&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> through </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2021</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">.&#160; Amounts that have been committed to are included in
&#8220;Capital projects&#8221; in the commitments table in note </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">28</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">A.&#160; &nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Conformance with legislative and NSPI
internal requirements is verified through a comprehensive environmental audit program.&#160; There were no significant environmental or regulatory compliance issues identified during the audits completed to </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">.&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><i><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Polychlorinated Biphenyl Equipment </font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In response
to the Canadian Environmental Protection Act 1999, 2008 </font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;">Polychlorinated Biphenyl</font><b><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;"> </font></b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(&#8220;PCB&#8221;) Regulations to phase out electrical equipment and liquids containing PCBs, NSPI has implemented a program to eliminate transformers and other oil-filled electrical
equipment on its system that fall under the 2008 PCB Regulations Standard by the end of 2025.&#160; This also includes PCB contaminated pole mounted transformers.
</font><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160;
</font></b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The combined total cost of these projects is estimated to be $<a name="xbrl_cs_7a2737df62284e3bb1bbec66c"></A>43<a name="xbrl_cs_7a2737df62284e3bb1bbec66c_bclend"></A>
million and, as at </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">, approximately $<a name="xbrl_cs_8ed1751b07c4464f95a4b2e78">
</A>28<a name="xbrl_cs_8ed1751b07c4464f95a4b2e78_bclend"></A> million </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(December 31, 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
&#8211; $<a name="xbrl_cs_ae6fb6e76f064f87a28d3673b"></A>20<a name="xbrl_cs_ae6fb6e76f064f87a28d3673b_bclend"></A> million) has been spent to date.</font><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&#160; </font></b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">NSPI has recognized an ARO on the balance sheet of $<a name="xbrl_cs_3eb8ef1c54d54855b0da194a4"></A>11<a name="xbrl_cs_3eb8ef1c54d54855b0da194a4_bclend"></A> million as at </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">December 31, 2016
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">(</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">December 31, 2015</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">
&#8211; $<a name="xbrl_cs_1b8a273ca01541d194e4cb591"></A>15<a name="xbrl_cs_1b8a273ca01541d194e4cb591_bclend"></A> million) associated with the PCB phase-out program. </font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera Energy Emissions</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The NEGG Facilities are subject to the RGGI for carbon dioxide emissions and the
Acid Rain Program for sulphur dioxide emissions. The NEGG Facilities emit approximately two million tons of carbon dioxide<sub> &nbsp;</sub>per year.&nbsp; The amount of sulphur dioxide emitted is not considered significant.&nbsp; Changes to these
emissions programs could adversely impact financial and operational performance.<a name="xbrl_ts_101be98b15f3439a912584854_bclend"></A></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><a name="xbrl_ts_37ff12d3b21846f4aa83d85a3"></A><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">D.</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font></b><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Principal Risks and Uncertainties</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In this
section, Emera describes some of the principal risks management believes could materially affect Emera&#8217;s business, revenues, operating income, net income, net assets or liquidity or capital resources in the near term.&#160; The nature of risk
is such that no list can be comprehensive, and other risks may arise, or risks not currently considered material may become material in the future.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Sound risk management is an essential discipline for running
the business efficiently and pursuing the Company&#8217;s strategy successfully.&#160; Emera has a business-wide risk management process, monitored by the Board of Directors, to ensure a consistent and coherent approach to risk
management.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Regulatory and Political Risk </font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The
Company&#8217;s rate-regulated subsidiaries and certain investments subject to significant influence are subject to risk of the recovery of costs and investments.&#160; As cost-of-service utilities with an obligation to serve customers, Tampa
Electric, PGS, NMGC, NSPI, Emera Maine, BLPC, GBPC, and Domlec must obtain regulatory approval to change electricity rates and/or riders from their respective regulators.&#160; Costs and investments can be recovered upon approval by the respective
regulator as an adjustment to rates and/or riders, which normally requires a public hearing process or may be mandated by other </font>
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face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">governmental bodies.&#160; In addition, the commercial and regulatory frameworks under which Emera and its subsidiaries operate can be
impacted by significant shifts in government policy (including shifts in policy which could occur as a result of climate change concerns) and changes in governments. Emera&#8217;s investments in entities in which it has significant influence and
which are subject to regulatory risk include:&#160; NSPML, LIL, M&amp;NP and Lucelec.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">During public hearing processes, consultants and customer representatives scrutinize the costs, actions and plans of these rate regulated
companies and their respective regulators determine whether to allow recovery and to adjust rates based upon the evidence and any contrary evidence from other parties.&#160; In some circumstances, other government bodies may influence the setting of
rates.&#160; The subsidiaries manage this regulatory risk through transparent regulatory disclosure, ongoing stakeholder and government consultation and multi-party engagement on aspects such as utility operations, fuel-related audits, rate filings
and capital plans.&#160; The subsidiaries employ a collaborative regulatory approach through technical conferences and, where appropriate, negotiated settlements.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Weather and Climate Risk</font></b></font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none windowtext 1.0pt;padding:0in;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Shifts in weather patterns affect energy sales and associated revenues and
costs.&#160; Extreme weather events generally result in increased operating costs associated with restoring service to customers as a result of unplanned outages. Emera responds to outages which occur as a result of significant weather events
according to each subsidiary&#8217;s respective emergency services restoration plan.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Changes in Environmental Legislation </font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera is subject to regulation by federal, provincial, state, regional and local authorities with regard to environmental matters;
primarily related to its utility operations. This includes laws setting GHG emissions standards and air emissions standards.&#160; Emera is also subject to laws regarding the generation, storage, transportation, use and disposal of hazardous
substances and materials.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition to imposing continuing compliance obligations, there are permit requirements, laws and regulations authorizing the imposition of penalties for non-compliance, including fines,
injunctive relief and other sanctions.&#160; The cost of complying with current and future environmental requirements is, and may be, material to Emera.&#160; Failure to comply with environmental requirements or to recover environmental costs in a
timely manner through rates could have a material adverse effect on Emera.&#160; In addition, Emera&#8217;s business could be materially affected by changes in government policy, utility regulation, and environmental and other legislation that could
occur in response to environmental and climate change concerns.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">New emission reductions requirements for the utilities sector are being established by governments in Canada and the United States. Changes to GHG emissions standards and air emissions
standards could adversely affect Emera&#8217;s operations and financial performance. Stricter environmental laws and enforcement of such laws in the future could increase Emera&#8217;s exposure to additional liabilities and costs. These changes
could also affect earnings and strategy by changing the nature and timing of capital investments.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera manages its environmental risk by operating in a manner that is respectful and protective of the environment and with the objective
of achieving full compliance with applicable laws, legislation and company policies and standards.&#160; Emera has implemented this policy through the development and application of environmental management systems in its operating
subsidiaries.&#160; Comprehensive audit programs are also in place to regularly test compliance with such laws, policies and standards.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Foreign Exchange Risk </font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company is exposed to foreign currency exchange rate changes.&#160; Emera
operates globally, with an increasing amount of the Company&#8217;s adjusted net income earned outside of Canada.&#160; As such, Emera is </font>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">191</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">exposed to movements in exchange rates between the Canadian dollar and, particularly, the US dollar, which could positively
or adversely affect results.&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Consistent with the Company&#8217;s risk management policies, Emera manages
currency risks through matching US denominated debt to finance its US operations and uses short-term foreign currency derivative instruments to hedge specific transactions.&#160; The Company enters into foreign exchange forward and swap contracts to
limit exposure on certain foreign currency transactions such as fuel purchases, revenues streams, capital expenditures and capital projects.&#160; The regulatory framework for the Company&#8217;s rate-regulated subsidiaries permits the recovery of
prudently incurred costs, including foreign exchange.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company does not utilize derivative financial instruments for foreign currency
trading or speculative purposes, or to hedge the value of its investments in foreign subsidiaries.&#160; Exchange gains and losses on net investments in foreign subsidiaries are included in AOCI.</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Capital Market and Liquidity Risk</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera&#8217;s operations and projects in development require significant capital
investments in property, plant and equipment. Consequently, Emera is an active participant in the debt and equity markets. After giving effect to the TECO Energy acquisition, Emera now has total debt of
$<a name="xbrl_cs_eb6a8df051c3445383554d627"></A>15<a name="xbrl_cs_eb6a8df051c3445383554d627_bclend"></A> billion.&#160; Any disruption in capital markets could have a material impact on Emera&#8217;s ability to fund its operations.&#160; Capital
markets are global in nature and are affected by numerous events throughout the world economy.&#160; Capital market disruptions could prevent Emera from issuing new securities or cause the Company to issue securities with less than preferred terms
and conditions. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera is subject to financial risk associated with changes in its credit
ratings.&#160; There are a number of factors that rating agencies evaluate to determine credit ratings, including the company&#8217;s business and regulatory framework, the ability to recover costs and earn returns, diversification, leverage, and
liquidity.&#160; A change to a credit rating as a result of changes in any of these items could result in higher interest rates in future financings, increase borrowing costs under certain existing credit facilities, limit access to the commercial
paper market or limit the availability of adequate credit support for subsidiary operations.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Liquidity risk relates to Emera&#8217;s ability to ensure sufficient funds are available to meet its financial obligations.&#160; Emera manages this risk by forecasting
cash requirements on a continuous basis to determine whether sufficient funds are available.&#160; Liquidity and capital needs will be financed through internally generated cash flows, short-term credit facilities, and ongoing access to capital
markets. The Company reasonably expects liquidity sources to exceed ordinary course capital needs.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=#1F497D face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Interest Rate Risk</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Emera utilizes a combination of fixed
and floating rate debt financing for operations and capital expenditures, resulting in an exposure to interest rate risk.&#160; Emera seeks to manage interest rate risk through a portfolio approach that includes the use of fixed and floating rate
debt with staggered maturities.&#160; The Company will, from time to time, issue long-term debt or enter into interest rate hedging contracts to limit its exposure to fluctuations in floating interest rate debt.</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">For
Emera&#8217;s regulated subsidiaries, the cost of debt is a component of rates and prudently incurred debt costs are recovered from customers.&#160; While regulatory ROE will generally follow the direction of interest rates, such that regulatory
ROE&#8217;s are likely to fall in times of reducing interest rates and raise in times of increasing interest rates, albeit not directly and generally with a lag period reflecting the regulatory process.&#160; Rising interest rates may also
negatively affect the economic viability of project development and acquisition initiatives.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Commercial Relationships Risk</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <DIV bclFooter>
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style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">192</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company is exposed to commercial
relationships risk in respect of its reliance on certain key partners, suppliers and customers.&#160; The Company manages its commercial relationships risk by monitoring credit risk and monitoring of significant developments with its customers,
partners and suppliers.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Commodity Price Risk</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">A large portion of the Company&#8217;s fuel supply comes from international suppliers and is subject to commodity price risk.&#160; The
Company manages this risk through established processes and practices to identify, monitor, report and mitigate these risks.&#160; Fuel contracts may be exposed to broader global conditions, which may include impacts on delivery reliability and
price, despite contracted terms.&#160; The Company seeks to manage this risk through the use of financial hedging instruments and physical contracts and through contractual protection with counterparties, where applicable.&#160; In addition, the
adoption and implementation of fuel adjustment mechanisms in its rate-regulated subsidiaries has further helped manage this risk, as the regulatory framework for the Company&#8217;s rate-regulated subsidiaries permits the recovery of prudently
incurred fuel costs.</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p> <p style="margin:0in;margin-bottom:.0001pt;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Income Tax Risk</font></b></p> <p style="margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin-bottom:.25in;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The computation of the Company&#8217;s provision for income taxes is impacted by
changes in tax legislation in Canada, the United States and the Caribbean.&#160; Any such changes could affect the Company&#8217;s future earnings, cash flows, and financial position. The value of Emera&#8217;s existing deferred tax benefits are
determined by existing tax laws and could be negatively impacted by changes in laws.&#160; &#8220;Comprehensive tax reform&#8221; remains a topic of discussion in the U.S. Congress.&#160; Such legislation could significantly alter the existing tax
code, including a reduction in the corporate income tax rate.&#160; Although a reduction in the corporate income tax rate could result in lower future tax expense and tax payments, it would also reduce the value of the Company&#8217;s existing
deferred tax assets and could result in a charge to earnings if written down. Emera monitors the status of existing tax laws to ensure that changes impacting the Company are appropriately reflected in the Company&#8217;s tax compliance filings and
financial results.<a name="xbrl_ts_37ff12d3b21846f4aa83d85a3_bclend"></A></font></p> <p style="margin-bottom:10.0pt;margin-left:.25in;margin-right:0in;margin-top:0in;text-indent:-.25in;"><a name="xbrl_ts_8f51535b15ff4e9a9f751946e"></A><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">E.</font></b><b><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;line-height:115%;">&nbsp;&nbsp;&nbsp; </font></b><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">Guarantees and Letters of Credit</font></b></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera had significant guarantees and letters of credit on behalf of third parties outstanding as discussed below.&#160; These are not included within the Consolidated
Balance Sheets as at December 31, 2016.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has provided a completion guarantee to the Government of Canada, whereby it
has guaranteed the performance of the obligations of NSPML to cause the completion of the Maritime Link Project, subject to certain conditions set out in that guarantee.&#160;
 The cost of those obligations is estimated to be $<a name="xbrl_cs_f4e2ee51bcc646e1a90a13083"></A>1.577 <a name="xbrl_cs_f4e2ee51bcc646e1a90a13083_bclend"></A>billion, which reduces in the ordinary course as project costs are paid.&#160; The current
exposure as at December 31, 2016 is $<a name="xbrl_cs_3a885775c765430d9114e99a2"></A>577<a name="xbrl_cs_3a885775c765430d9114e99a2_bclend"></A> million.</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Coal was sold on September 21, 2015 to Cambrian Coal Corporation (&#8220;Cambrian&#8221;).&#160; Pursuant to the sales agreement, Cambrian is obligated to file
applications required in connection with the change of control with the appropriate governmental entities.&#160; Once the applicable governmental agency deems each application to be acceptable, Cambrian is obligated to post a bond or other
appropriate collateral necessary to obtain the release of the corresponding bond secured by the TECO Energy indemnity for that permit. Until the bonds secured by TECO Energy's indemnity are released, TECO Energy's indemnity will remain effective. As
a result of the sale in September 2015, the letters of indemnity guaranteed $<a name="xbrl_cs_b0eaae8dcf08409f8e5e5a963"></A>124<a name="xbrl_cs_b0eaae8dcf08409f8e5e5a963_bclend"></A> million ($<a name="xbrl_cs_996295ececf144c7ab10b3391"></A>95<a name="xbrl_cs_996295ececf144c7ab10b3391_bclend">
</A> million USD).</font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">TECO Energy has remaining letters of indemnity related to TECO Coal, which totaled
$<a name="xbrl_cs_16e8070896c841748936432db"></A>80<a name="xbrl_cs_16e8070896c841748936432db_bclend"></A> million ($<a name="xbrl_cs_269ea287815443429fbb01377"></A>59<a name="xbrl_cs_269ea287815443429fbb01377_bclend"></A> million USD) at December
31, 2016. As of that date Cambrian had posted approximately $54 million ($40 million USD) of additional reclamation bonds to replace corresponding reclamation bonds supported by TECO Energy&#8217;s indemnity.&#160; TECO Energy&#8217;s indemnity
obligations in respect of such bonds will not be released until the applicable State department processes the applicable permit transfers and releases </font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">193</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_194"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">such bonds.&#160; These letters of indemnity guarantee payments to certain surety companies that issued reclamation bonds
to the Commonwealths of Kentucky and Virginia in connection with TECO Coal's mining operations.&#160; Payments to the surety companies would be triggered if the reclamation bonds are called upon by either of these states and the permit holder, TECO
Coal, does not pay the surety. </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The amounts outlined above represent the maximum theoretical amounts that TECO
Energy would be required to pay to the surety companies. </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The company is working with Cambrian on the process to replace the remaining bonds.
Pursuant to the securities purchase agreement, Cambrian has the obligation to indemnify and hold TECO Energy harmless from any losses incurred that arise out of the coal mining permits during the period commencing on the closing date through the
date all permit approvals are
obtained.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">NSPI has a standby letter of credit to secure obligations under an unfunded pension
plan in NSPI.&#160; The letter of credit expires in June 2017 and is renewed annually.&#160; The amount committed as at December 31, 2016 was $<a name="xbrl_cs_3a795e4c06c744d59d84a7995"></A>47<a name="xbrl_cs_3a795e4c06c744d59d84a7995_bclend"></A>
million.&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-indent:5.5in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera has standby letters of credit in the amount of $<a name="xbrl_cs_af211722f38249908ece7348a">
</A>24<a name="xbrl_cs_af211722f38249908ece7348a_bclend"></A> million USD for the benefit of secured parties in connection with a refinancing of the Bear Swamp joint venture and also to third parties that have extended credit to Emera and its
subsidiaries. These letters of credit typically have a one-year term and are renewed annually as required.
<a name="xbrl_ts_8f51535b15ff4e9a9f751946e_bclend"></A>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_af01c6aa083a4239a3b2810e0"></A><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Collaborative
Arrangements</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">For the years ended December 31, 2016 and 2015, the Company has identified the following material
collaborative arrangements:</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Through NSPI, the Company is a participant in three wind energy projects in
Nova Scotia.&#160; The percentage ownership of the wind project assets is based on the relative value of each party&#8217;s project assets by the total project assets.&#160; NSPI has power purchase arrangements to purchase the entire net output of
the projects and, therefore, NSPI&#8217;s portion of the revenues are recorded net within regulated fuel for generation and purchased power.&#160; NSPI&#8217;s portion of operating expenses is recorded in operating, maintenance and general
(&#8220;OM&amp;G&#8221;) expenses.&#160; In 2016, NSPI recognized $<a name="xbrl_cs_53ee145fde854b80b277e4c4d"></A>18<a name="xbrl_cs_53ee145fde854b80b277e4c4d_bclend"></A> million net expense (2015 -
$<a name="xbrl_cs_7def62881bd94220b3ef09177"></A><a name="xbrl_cs_38db8fc6d6b34f94a042160d9"></A>10<a name="xbrl_cs_38db8fc6d6b34f94a042160d9_bclend"></A><a name="xbrl_cs_7def62881bd94220b3ef09177_bclend"></A> million) in &#8220;Regulated fuel for
generation and purchased power&#8221; and $<a name="xbrl_cs_dd2e1cf25d9942d4bed07a51f"></A>5<a name="xbrl_cs_dd2e1cf25d9942d4bed07a51f_bclend"></A> million (2015 - $<a name="xbrl_cs_09555b5de2a84d85bd04eecb3"></A>2<a name="xbrl_cs_09555b5de2a84d85bd04eecb3_bclend">
</A> million) in &#8220;OM&amp;G&#8221;.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_af01c6aa083a4239a3b2810e0_bclend"></A><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a6ba6460114c4dd9aefaeab0e"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">29.&#160; </font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:115%;">CUMULATIVE PREFERRED STOCK</font></b></font><a name="xbrl_ts_a6ba6460114c4dd9aefaeab0e_bclend"></A></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 nowrap valign=bottom width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Authorized:</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 nowrap valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Unlimited number of First Preferred shares, issuable in series.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=17 nowrap valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Unlimited number of Second Preferred shares, issuable in series.</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 nowrap valign=bottom width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=4 nowrap valign=bottom width=26% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2015</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=3 nowrap valign=bottom width=24% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Annual Dividend</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=15% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Redemption</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued and</font></b></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net</font></b></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued and</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Net </font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 nowrap valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Per Share</font></p>
</td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=3 nowrap valign=bottom width=15% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Price per
share</font></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding</font>
</b></p> </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=2 nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Proceeds</font></b>
</p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding</font></p>
 </td>
<td nowrap valign=bottom width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td colspan=2 nowrap valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Proceeds</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Series A</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">0.6388</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25.00</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3,864,636</font></b>
</p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
95</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">3,864,636</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 95</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Series B</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Floating</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25.00</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,135,364</font></b>
</p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
52</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,135,364</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Series C</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.0250</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25.00</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10,000,000</font></b>
</p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
245</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">10,000,000</font></p>
 </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
245</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Series E</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.1250</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">26.00</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5,000,000</font></b>
</p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
122</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5,000,000</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
122</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Series F</font></p> </td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1.0625</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25.00</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8,000,000</font></b>
</p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
195</font></b></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">8,000,000</font></p>
</td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
195</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></p> </td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td nowrap valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">29,000,000</font></b>
</p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
709</font></b></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">29,000,000</font></p>
 </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td nowrap valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
709</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c065e8fd37c34dceaf57295e8"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">194</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_195"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">On August 17, 2015, Emera announced that <a name="xbrl_cs_fca61500b9b642c8b04396c5f"></A>2,135,364<a name="xbrl_cs_fca61500b9b642c8b04396c5f_bclend"></A> of its <a name="xbrl_cs_d9e8984ae0624fe5a1bb6a11d">
</A><a name="xbrl_cs_84b67b0389f7419287172a6a9"></A>6,000,000<a name="xbrl_cs_84b67b0389f7419287172a6a9_bclend"></A><a name="xbrl_cs_d9e8984ae0624fe5a1bb6a11d_bclend"></A> issues and outstanding Series A Shares were tendered for conversion, on a
one-for-one basis into Cumulative Floating Rate First Preferred Shares, Series B (the &#8220;Series B Shares&#8221;).&#160;
 As a result of the conversion, Emera has <a name="xbrl_cs_978e4293b023443495b6739f4"></A><a name="xbrl_cs_b4381618db0a4ea580773d514"></A>3,864,636<a name="xbrl_cs_978e4293b023443495b6739f4_bclend"></A><a name="xbrl_cs_b4381618db0a4ea580773d514_bclend">
</A> Series A Shares and <a name="xbrl_cs_8f7e2b2ad29e40e28c5ee7da7"></A><a name="xbrl_cs_d1c40168caee42b3889556a51"></A>2,135,364<a name="xbrl_cs_8f7e2b2ad29e40e28c5ee7da7_bclend"></A><a name="xbrl_cs_d1c40168caee42b3889556a51_bclend"></A> Series B
Shares issued and outstanding. The 2016 dividends for the Series A and Series B shares were $<a name="xbrl_cs_46dff9e84e5740e28881aed3b"></A>0.6388<a name="xbrl_cs_46dff9e84e5740e28881aed3b_bclend"></A> per share and $<a name="xbrl_cs_b0537b029fa34feebffb85b53">
</A>0.5724<a name="xbrl_cs_b0537b029fa34feebffb85b53_bclend"></A> respectively. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The First Preferred Shares, Series A, C and F are entitled to receive fixed cumulative cash dividends as and when declared by the Board of Directors of the Corporation in
the amounts of $<a name="xbrl_cs_42e8dd01be27474caff9c1206"></A><a name="xbrl_cs_73c586121f5a4405b95ef49a8"></A><a name="xbrl_cs_34381fbb20f1443caedd5a97d"></A>0.6388<a name="xbrl_cs_34381fbb20f1443caedd5a97d_bclend"></A><a name="xbrl_cs_42e8dd01be27474caff9c1206_bclend">
</A><a name="xbrl_cs_73c586121f5a4405b95ef49a8_bclend"></A>, $<a name="xbrl_cs_a5c570a55f9247a4a86b76f6c"></A><a name="xbrl_cs_394831bf56b649efb9e80f894"></A><a name="xbrl_cs_6f498a4345d24bbd8c1de9a5d"></A>1.025<a name="xbrl_cs_394831bf56b649efb9e80f894_bclend">
</A><a name="xbrl_cs_6f498a4345d24bbd8c1de9a5d_bclend"></A><a name="xbrl_cs_a5c570a55f9247a4a86b76f6c_bclend"></A> and $<a name="xbrl_cs_819a8608733842149af429893"></A><a name="xbrl_cs_4a59d4be824540fc92cfa2032"></A><a name="xbrl_cs_8a1bab55c9814b2698d11ec6c">
</A>1.0625<a name="xbrl_cs_4a59d4be824540fc92cfa2032_bclend"></A><a name="xbrl_cs_819a8608733842149af429893_bclend"></A><a name="xbrl_cs_8a1bab55c9814b2698d11ec6c_bclend"></A> per share per annum, respectively for each year up to and excluding
August 15, 2020, August 15, 2018, and February 15, 2020, respectively.&#160; As at August 15, 2020, August 15, 2018, and February 15, 2020, the holders of the First Preferred Shares Series A, C and F, respectively, are entitled to receive reset
fixed cumulative cash dividends.&#160;
 The reset annual dividend per share will be determined by multiplying $<a name="xbrl_cs_1f20802006974834b93f9f24e"></A><a name="xbrl_cs_c47e38183ce340d39f91e1941"></A><a name="xbrl_cs_c3b37dd421e44643b3b5a9ae6"></A>25.00 <a name="xbrl_cs_1f20802006974834b93f9f24e_bclend">
</A><a name="xbrl_cs_c3b37dd421e44643b3b5a9ae6_bclend"></A><a name="xbrl_cs_c47e38183ce340d39f91e1941_bclend"></A>per share by the annual fixed dividend rate of the First Preferred Shares, Series A, C and F, respectively, which is the sum of the
five-year Government of Canada Bond-Yield on the application reset date plus <a name="xbrl_cs_6c8b46d50a414e66a8d3f80de"></A><a name="xbrl_cs_34bb6f2f205a4e36a89dee3c1"></A><a name="xbrl_cs_e9d6ad184a4348ae8ab7c7f56"></A>1.84 <a name="xbrl_cs_34bb6f2f205a4e36a89dee3c1_bclend">
</A><a name="xbrl_cs_6c8b46d50a414e66a8d3f80de_bclend"></A><a name="xbrl_cs_e9d6ad184a4348ae8ab7c7f56_bclend"></A>per cent, <a name="xbrl_cs_a871848c469c4f57841ed0a20"></A><a name="xbrl_cs_d241912b9a894460a7d5966d0"></A><a name="xbrl_cs_b3fb286734ee48b9ba591cd6d">
</A>2.65 <a name="xbrl_cs_a871848c469c4f57841ed0a20_bclend"></A><a name="xbrl_cs_b3fb286734ee48b9ba591cd6d_bclend"></A><a name="xbrl_cs_d241912b9a894460a7d5966d0_bclend"></A>per cent, and <a name="xbrl_cs_e30e7274d96d4c06820f95b21"></A><a name="xbrl_cs_5781a515016c4d2a8856835be">
</A><a name="xbrl_cs_8d8c841c65c245b18a8580df8"></A>2.63<a name="xbrl_cs_8d8c841c65c245b18a8580df8_bclend"></A> <a name="xbrl_cs_5781a515016c4d2a8856835be_bclend"></A><a name="xbrl_cs_e30e7274d96d4c06820f95b21_bclend"></A>per cent,
respectively.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The First Preferred Shares, Series B, are
entitled to receive floating rate cumulative cash dividends, as and when declared by the Board of Directors of the Corporation in the amount determined by multiplying $<a name="xbrl_cs_284a3ec82a4b47f29d0dc2400"></A>25.00<a name="xbrl_cs_284a3ec82a4b47f29d0dc2400_bclend">
</A> by the three month Government of Canada Treasury Bill rate plus <a name="xbrl_cs_193871aac8244b8a8b3f36aec"></A>1.84<a name="xbrl_cs_193871aac8244b8a8b3f36aec_bclend"></A> per cent.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The First Preferred Shares, Series E, are
entitled to receive fixed rate cumulative cash dividends, as and when declared by the Board of Directors of the Corporation in the amount $<a name="xbrl_cs_a18dfab00c42473e9c93b9c8c"></A>1.1250
<a name="xbrl_cs_a18dfab00c42473e9c93b9c8c_bclend"></A>per share per annum.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The holders of First Preferred Shares, Series A, C and F will have the right, at their option, to convert their shares into an equal number of Cumulative Floating Rate
First Preferred Shares, Series B, D, and G, of the Company, respectively, on August 15, 2020 August 15, 2018, and February 15, 2020, respectively, and every five years thereafter.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The
holders of the First Preferred Shares, Series B will have the right, at their option, to convert their shares into an equal number of Series A shares of the Company on August 15, 2020 and every five years thereafter.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The
Company has the right to redeem the outstanding Preferred Shares, Series A, C, and F shares without the consent of the holder on August 15, 2020, August 15, 2018, and February 15, 2020 respectively and on August 15, August 15 and February 15
respectively every five years thereafter for cash, in whole or in part at a price of $<a name="xbrl_cs_c6afe20a61ba4eeba3daf454a"></A><a name="xbrl_cs_42cbfbf1105c49e3a83001bad"></A><a name="xbrl_cs_e30c7e0bf3b74137881d417ff"></A><a name="xbrl_cs_b5f8abc9ed63471caedd114a1">
</A><a name="xbrl_cs_c848f97b834144ca8d0c34136"></A><a name="xbrl_cs_124838c3fc5f4e12b2e5d408b"></A><a name="xbrl_cs_990a7d17b9af4246b8fe4849b"></A><a name="xbrl_cs_5efbd53247cd45cca847f536a"></A><a name="xbrl_cs_74c467560b20404ba4d8ef18f"></A>25.00<a name="xbrl_cs_124838c3fc5f4e12b2e5d408b_bclend">
</A><a name="xbrl_cs_42cbfbf1105c49e3a83001bad_bclend"></A><a name="xbrl_cs_5efbd53247cd45cca847f536a_bclend"></A><a name="xbrl_cs_74c467560b20404ba4d8ef18f_bclend"></A><a name="xbrl_cs_990a7d17b9af4246b8fe4849b_bclend"></A><a name="xbrl_cs_b5f8abc9ed63471caedd114a1_bclend">
</A><a name="xbrl_cs_c6afe20a61ba4eeba3daf454a_bclend"></A><a name="xbrl_cs_c848f97b834144ca8d0c34136_bclend"></A><a name="xbrl_cs_e30c7e0bf3b74137881d417ff_bclend"></A> per share plus all accrued and unpaid dividends up to but excluding the date
fixed for redemption. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has the
right to redeem the outstanding Preferred Shares, Series B, Series D and Series G shares without the consent of the holder on August 15, 2020, August 15, 2023 and February 15, 2025 respectively and on August 15, August 15 and February 15 every five
years thereafter for cash, in whole or in part at a price of $<a name="xbrl_cs_fcd79b3209114af0851b9d406"></A><a name="xbrl_cs_f36bedd8bc31487cba15896fc"></A><a name="xbrl_cs_083eccfeaf504050902ec2ef0"></A><a name="xbrl_cs_59e30885a287460e9af2c9cf8">
</A><a name="xbrl_cs_d0e054a3f43c40a2ae393b59b"></A><a name="xbrl_cs_8b551542e68640549c2458ada"></A><a name="xbrl_cs_8a1d47243da94052a1b17f4b5"></A><a name="xbrl_cs_5992a103724d434dbc267cd76"></A><a name="xbrl_cs_57d25ef577ab423ab221941ff"></A>25.00<a name="xbrl_cs_083eccfeaf504050902ec2ef0_bclend">
</A><a name="xbrl_cs_57d25ef577ab423ab221941ff_bclend"></A><a name="xbrl_cs_5992a103724d434dbc267cd76_bclend"></A><a name="xbrl_cs_59e30885a287460e9af2c9cf8_bclend"></A><a name="xbrl_cs_8a1d47243da94052a1b17f4b5_bclend"></A><a name="xbrl_cs_8b551542e68640549c2458ada_bclend">
</A><a name="xbrl_cs_d0e054a3f43c40a2ae393b59b_bclend"></A><a name="xbrl_cs_f36bedd8bc31487cba15896fc_bclend"></A><a name="xbrl_cs_fcd79b3209114af0851b9d406_bclend"></A> per share plus all accrued and unpaid dividends up to but excluding the date
fixed for redemption and $<a name="xbrl_cs_44d72ad17d6248c29ea7c8dee"></A><a name="xbrl_cs_dbfa1640a7a94cdd998b952f5"></A><a name="xbrl_cs_adc4a5d190b941439fb835f08"></A><a name="xbrl_cs_8cc1c8e26ed14c289d70c853f"></A><a name="xbrl_cs_e537653c09b647c7abcabe219">
</A><a name="xbrl_cs_7ed448b4919a4f7f8e5a942d5"></A><a name="xbrl_cs_0a6e7e16c89c455588b495b4e"></A><a name="xbrl_cs_7a970f97ff62423fae1d6191c"></A><a name="xbrl_cs_c0f1f720bd3d43ea86ec29b82"></A>25.50<a name="xbrl_cs_0a6e7e16c89c455588b495b4e_bclend">
</A><a name="xbrl_cs_44d72ad17d6248c29ea7c8dee_bclend"></A><a name="xbrl_cs_7a970f97ff62423fae1d6191c_bclend"></A><a name="xbrl_cs_7ed448b4919a4f7f8e5a942d5_bclend"></A><a name="xbrl_cs_8cc1c8e26ed14c289d70c853f_bclend"></A><a name="xbrl_cs_adc4a5d190b941439fb835f08_bclend">
</A><a name="xbrl_cs_c0f1f720bd3d43ea86ec29b82_bclend"></A><a name="xbrl_cs_dbfa1640a7a94cdd998b952f5_bclend"></A><a name="xbrl_cs_e537653c09b647c7abcabe219_bclend"></A> per share plus all accrued and unpaid dividends up to but excluding the date
fixed for redemption in the case of redemptions on any other date after August 15, 2015, August 15, 2018 and February 15, 2020, respectively.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The
Company has the right to redeem the outstanding First Preferred Shares, Series E on or after August 15, 2018 in whole or in part, at the Company&#8217;s option, by the payment in cash of $<a name="xbrl_cs_65e357b397c340d6b2fccb3dd"></A>26.00 <a name="xbrl_cs_65e357b397c340d6b2fccb3dd_bclend">
</A>per Series E Preferred Share if redeemed prior to August 15, 2019; at $<a name="xbrl_cs_db8fe2e9f92f475a9fc1fe01b"></A>25.75 <a name="xbrl_cs_db8fe2e9f92f475a9fc1fe01b_bclend"></A>per Series E Preferred Share if redeemed on or after August 15,
2019, but prior to August 15, 2020; at $<a name="xbrl_cs_e49cd988303e411ab43f4c8e4"></A>25.50<a name="xbrl_cs_e49cd988303e411ab43f4c8e4_bclend"></A> per Series E Preferred Share if redeemed on or after August 15, 2020, but prior to August 15, 2021;
at $<a name="xbrl_cs_4f51352ef06e4c8992ef3ea4d"></A>25.25 <a name="xbrl_cs_4f51352ef06e4c8992ef3ea4d_bclend"></A>per Series E Preferred Share if redeemed on or after August 15, 2021, but prior to August 15, 2022; and at $<a name="xbrl_cs_913b0b91afab4cf8b503498e4">
</A>25.00<a name="xbrl_cs_913b0b91afab4cf8b503498e4_bclend"></A> per Series E Preferred Share if redeemed on or after August 15, 2022, in each case together with all accrued and unpaid dividends up to but excluding the date fixed for
redemption.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">195</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_196"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As the First Preferred Shares, Series A, B, C, E and F are neither redeemable at the option of the shareholder nor have a mandatory redemption date, they are classified as
equity and the associated dividends will be deducted on the consolidated statements of earnings immediately before arriving at &#8220;Net earnings attributable to common shareholders&#8221; and will be shown on the consolidated statement of equity
as a deduction from retained earnings.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The First Preferred Shares of each series rank on a parity with the First Preferred Shares of every other series and are entitled to a preference over the Second Preferred
Shares, the Common Shares, and any other shares ranking junior to the First Preferred Shares with respect to the payment of dividends and the distribution of the remaining property and assets or return of capital of the Company in the liquidation,
dissolution or wind-up, whether voluntary or involuntary.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">In the event the Company fails to pay, in aggregate, eight quarterly dividends on any series of the First Preferred Shares, the holders of the First Preferred Shares will
be entitled to attend any meeting of shareholders of the Company at which directors are to be elected and to vote for the election of two directors out of the total number of directors elected at any such meeting.</font></font><a name="xbrl_ts_c065e8fd37c34dceaf57295e8_bclend">
</A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">30.&#160; </font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">NON-CONTROLLING INTEREST IN
SUBSIDIARIES</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Non-controlling interest in subsidiaries consisted of the following:</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=68% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td colspan=2 nowrap valign=bottom width=16% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></b></p> </td>
<td colspan=2 nowrap valign=bottom width=16% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars </font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">ICDU</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
53</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 52</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Preferred shares of GBPC</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Domlec </font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
25</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 23</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">ECI</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;"> (1)</font></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 25</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=68% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
112</font></b></p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=5 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) On December 17, 2015, an indirect wholly owned subsidiary of Emera acquired approximately 2.6 million ECI shares, increasing its ownership interest from
80.7 per cent to 95.5 per cent. On March 22, 2016, an indirect wholly-owned subsidiary of Emera acquired 0.7 million ECI shares (which owns 51.9 per cent share of Domlec), increasing Emera's ownership interest in ECI from 95.5 to 100 per
cent.</font></p> </td> </tr> </table></div> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Preferred shares of GBPC:</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=42% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=bottom width=13% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Authorized:</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">35,000 non-voting cumulative redeemable variable perpetual preferred shares</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=7 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=42% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=3 valign=top width=29% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=42% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Issued and outstanding:</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">number of
shares</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of
dollars</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">number of
shares</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of
dollars</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=42% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding as at December 31</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">35,000</font></b></p>
 </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
34</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">35,000</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 34</font></p>
</td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a49f1b83f84d40e2892565e21"></A><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">GBPC Non&#8211;Voting Cumulative Variable Perpetual Preferred Stock:</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Preferred Stock is redeemable by GBPC,
in whole at any time or in part from time to time, at $<a name="xbrl_cs_16259eb4b43a4b1b8a3c5459b"></A>1,000<a name="xbrl_cs_16259eb4b43a4b1b8a3c5459b_bclend"></A> Bahamian per share plus accrued and unpaid dividends.&#160; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Preferred Stock is entitled to a <a name="xbrl_cs_ba7dc181452d408daf84f5837">
</A>7.25<a name="xbrl_cs_ba7dc181452d408daf84f5837_bclend"></A> per cent per annum fixed cumulative preferential dividend for years 2013 through 2016, <a name="xbrl_cs_524fcf33373b4fa99159b20aa"></A>8.50<a name="xbrl_cs_524fcf33373b4fa99159b20aa_bclend">
</A> per cent per annum fixed cumulative preferential dividend for years 2017 through 2019 and <a name="xbrl_cs_68343b6e81fc4fcd9fc1e76ee"></A>10.00<a name="xbrl_cs_68343b6e81fc4fcd9fc1e76ee_bclend"></A> per cent per annum fixed cumulative
preferential dividend after 2020, as and when declared by the Board of Directors, accruing from the date of issue.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Preferred Shares rank behind all of
GBPC&#8217;s current and future secured and unsecured debt with any of GBPC&#8217;s future preferred stock and ahead of all of GBPC&#8217;s current and future common stock.</font></font><a name="xbrl_ts_a49f1b83f84d40e2892565e21_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_3fa1d0b75b954d5aba9040b13"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">196</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_197"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">31. </font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">SUPPLEMENTARY
INFORMATION TO CONSOLIDATED STATEMENTS OF CASH FLOWS</font></b></font></p> <p style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_3fa1d0b75b954d5aba9040b13_bclend"></A><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&#160;&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:9.95pt;page-break-inside:avoid;">
<td nowrap valign=top width=64% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For
the&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
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&#160;&#160; </font></p> </td>
<td colspan=4 nowrap valign=top width=36% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Year ended December 31</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Changes in non-cash working capital:</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Receivables, net</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(104)&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(19)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(23)&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(22)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Inventory</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
88</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(2)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Prepayments and other current assets </font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(18)&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accounts payable and customer deposits</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
162</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(45)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes payable</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(32)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other current liabilities </font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 9</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total non-cash working capital </font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
134</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;(102)&nbsp;
</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=5% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Supplemental disclosure of cash paid (received):</font></b></p> </td>
<td valign=top width=5% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=5% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=13% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Interest</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
480</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
196</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Income taxes</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
57</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
124</font></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Supplemental disclosure of non-cash activities:</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Common share dividends reinvested</font></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
103</font></b></p> </td>
<td valign=top width=5% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160; 78</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=64% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Beneficial Conversion Feature of the convertible debentures</font></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
43</font></b></p> </td>
<td valign=top width=5% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;-
&nbsp;</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_f021eb91ab594265b0261a5b9"></A><a name="_toc311109934_0"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;text-transform:uppercase;">32.</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;text-transform:uppercase;">&#160; S</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;text-transform:uppercase;">TOCK-BASED COMPENSATION</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">EMPLOYEE COMMON SHARE PURCHASE PLAN AND COMMON SHAREHOLDERS DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN </font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Eligible employees may participate in
Emera&#8217;s Employee Common Share Purchase Plan to which employees make cash contributions of a minimum of $<a name="xbrl_cs_5a43b24cc660426c89f8180fe"></A>25<a name="xbrl_cs_5a43b24cc660426c89f8180fe_bclend"></A> to a maximum of $<a name="xbrl_cs_9c1beabdd5a94ba99fa6f339c">
</A>8,000<a name="xbrl_cs_9c1beabdd5a94ba99fa6f339c_bclend"></A> per year for the purpose of purchasing common shares of Emera.&#160; The Company also contributes to the plan a percentage of the employees&#8217; contributions. If an employee
contributes any amount up to $<a name="xbrl_cs_11032102716b4c80ac0237cbd"></A>3,000<a name="xbrl_cs_11032102716b4c80ac0237cbd_bclend"></A> to employees plan account, the Company will contribute <a name="xbrl_cs_4763e8c785444425acec292ed"></A>20<a name="xbrl_cs_4763e8c785444425acec292ed_bclend">
</A> per cent of that amount. When an employee contributes any amount over $<a name="xbrl_cs_c80990172bf44401bb83ba185"></A>3,000<a name="xbrl_cs_c80990172bf44401bb83ba185_bclend"></A>, up to the
$<a name="xbrl_cs_27ad4fe859a14566849778941"></A>8,000<a name="xbrl_cs_27ad4fe859a14566849778941_bclend"></A> maximum, the Company will contribute
<a name="xbrl_cs_0d0e45c10d5a4005b54418fb6"></A>10<a name="xbrl_cs_0d0e45c10d5a4005b54418fb6_bclend"></A> per cent of that amount. </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The plan allows the reinvestment of
dividends.&#160; The maximum aggregate number of Emera common shares reserved for issuance under this plan is <a name="xbrl_cs_871b6b5a3c2742bcbc181ddca"></A>4<a name="xbrl_cs_871b6b5a3c2742bcbc181ddca_bclend"></A> million common
shares.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company also has a Common Shareholders
Dividend Reinvestment and Share Purchase Plan (&#8220;Dividend Reinvestment Plan&#8221;), which provides an opportunity for shareholders to reinvest dividends and for the purpose of purchasing common shares.&nbsp; This plan provides for a discount
of up to 5 per cent from the average market price of Emera&#8217;s common shares for common shares purchased in connection with the reinvestment of cash dividend.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation cost for shares issued by Emera
for the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> under the
Employee Common Share Purchase Plan was $<a name="xbrl_cs_2dfd7b8670ab41b7b1b9eeabc"></A>1<a name="xbrl_cs_2dfd7b8670ab41b7b1b9eeabc_bclend"></A> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;
$<a name="xbrl_cs_bedde7bb2386476ab246cd1ec"></A>1<a name="xbrl_cs_bedde7bb2386476ab246cd1ec_bclend"></A> million) and is included in &#8220;Operating, maintenance and general&#8221; on the Consolidated Statements of Income. </font></font><a name="xbrl_ts_f021eb91ab594265b0261a5b9_bclend">
</A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_c6bbc6b2be774ec0a30f2e9c1"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">STOCK-BASED COMPENSATION PLANS</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Stock Option Plan</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has a stock option plan that
grants options to senior management of the Company for a maximum term of ten years.&#160; The option price of the stock options is the closing market price of the stocks </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">197</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_198"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">on the day before the option is granted.&#160; The maximum aggregate number of shares issuable
under this plan is <a name="xbrl_cs_20ddb948c6e3418f87ca21616"></A>11.7<a name="xbrl_cs_20ddb948c6e3418f87ca21616_bclend"></A> million shares.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">All options granted to date are exercisable
on a graduated basis with up to <a name="xbrl_cs_5248d4eb2df1408cb96efa0b8"></A>25<a name="xbrl_cs_5248d4eb2df1408cb96efa0b8_bclend"></A> per cent of options exercisable on the first anniversary date and further <a name="xbrl_cs_53cd87bffb0e446f92b125516">
</A><a name="xbrl_cs_268ea04c9f094099a670fa856"></A><a name="xbrl_cs_b04df15ada344316b7b3bac9f"></A>25<a name="xbrl_cs_268ea04c9f094099a670fa856_bclend"></A><a name="xbrl_cs_53cd87bffb0e446f92b125516_bclend"></A><a name="xbrl_cs_b04df15ada344316b7b3bac9f_bclend">
</A> per cent increments on each of the second, third and fourth anniversaries of the grant. If an option is not exercised within ten years, it expires and the optionee loses all rights thereunder.&#160;
 The holder of the option has no rights as a shareholder until the option is exercised and shares have been issued. The total number of stocks to be optioned to any optionee shall not exceed five per cent of the issued and outstanding common stocks on the
 date the option is granted.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">If, before the expiry of an option in
accordance with its terms, the optionee ceases to be an eligible person due to retirement or termination for other than just cause, such option may, subject to the terms thereof and any other terms of the plan, be exercised at any time within the 24
months following the date the optionee retires, but in any case prior to the expiry of the option in accordance with its terms.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">If, before the expiry of an option in
accordance with its terms, the optionee ceases to be an eligible person due to employment termination for just cause, resignation or death, such option may, subject to the terms thereof and any other terms of the plan, be exercised at any time
within the six months following the date the optionee is terminated, resigns or dies, as applicable, but in any case prior to the expiry of the option in accordance with its terms. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company uses the fair value based method
to measure the compensation expense related to its stock-based compensation and recognizes the expense over the vesting period on a straight-line basis.&#160; The fair value of stock option awards granted was estimated on the date of grant using a
Black-Scholes valuation model.&#160; The expected term of the option awards is calculated based on historical exercise behaviour and represents the period of time that options are expected to be outstanding.&#160; The risk-free interest rate is
based on the Bank of Canada five-year government bond yields.&#160; The expected dividend yield incorporates current dividend rates as well as historical dividend increase patterns.&#160; Emera&#8217;s expected stock price volatility was estimated
using its five-year historical volatility.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table shows the weighted average fair values per stock option along with the assumptions incorporated into the valuation models for options
granted:</font></font><a name="xbrl_ts_c6bbc6b2be774ec0a30f2e9c1_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">For the year ended December 31, </font></p> </td>
<td colspan=3 valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2016</font></b></p>
 </td>
<td colspan=3 valign=top width=17% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2015</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average fair value per option</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td colspan=2 valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.80</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td colspan=2 valign=top width=13% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.66</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected term</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5
years</font></b></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">5 years</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Risk-free interest rate</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.66</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
0.73</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected dividend yield</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
4.08</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
3.65</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=66% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Expected volatility</font></p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
15.45</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></b></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
14.58</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">%</font></p> </td>
</tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_e7dc331c35f04383851b669f9"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table summarizes information related to the stock options for </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">:&nbsp;
</font></font><a name="xbrl_ts_e7dc331c35f04383851b669f9_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">198</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_199"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:15.0pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=39% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=29% style="border:none;border-bottom:solid black 1.0pt;height:15.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total
Options</font></p> </td>
<td nowrap valign=bottom width=2% style="height:15.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 nowrap valign=bottom width=30% style="border:none;border-bottom:solid black 1.0pt;height:15.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Non-Vested
Options</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)&nbsp;</font></p> </td> </tr>
<tr style="height:22.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Number of
Options</font></p> </td>
<td colspan=2 valign=bottom width=17% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;&#160;&#160;
&#160;&#160;&#160;&#160; Weighted average exercise price per share</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=14% style="border:none;border-bottom:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Number of
Options</font></p> </td>
<td colspan=2 valign=bottom width=16% style="border-bottom:solid black 1.0pt;border-left:none;border-right:none;border-top:solid black 1.0pt;height:22.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted average
grant date fair-value</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding as at December 31, 2015</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,927,068</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">33.07</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,453,486</font></p>
</td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.64</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Granted </font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">615,100</font></p>
</td>
<td valign=top width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">46.19</font></p>
</td>
<td valign=top width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">615,100</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.80</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Exercised</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(622,168)</font></p>
</td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25.65</font></p>
</td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>

<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">N/A</font></p> </td>
</tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Forfeited</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">-</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(548,461)</font></p>
</td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.68</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Options outstanding December 31, 2016</font></b></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2,920,000</font></b>
</p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">37.42</font></b></p>
 </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,520,125</font></b>
</p> </td>
<td valign=top width=6% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">2.69</font></b></p>
 </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=39% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Options exercisable December 31, 2016
</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)(3)&nbsp;</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">1,399,875</font></b>
</p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">33.35</font></b></p>
 </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=6% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top width=100% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1) As at December 31, 2016 there was $3 million of unrecognized compensation related to stock options not yet vested which is expected to be recognized over a
weighted average period of approximately 2.4 years (2015 - $3 million, 2.3 years).</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2) As at December 31, 2016, the weighted average remaining term of vested options was 5.7 years with an aggregate intrinsic value of $17 million (2015 - 5.3
years, $21 million).</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td colspan=8 valign=top width=100% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3) As at December 31, 2016 the fair value of options that vested in the year was $2 million (2015 - $1 million).</font></p> </td> </tr> </table></div>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_e8c8554b5b0941e49d13eeb65"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation cost recognized for stock options for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $</font></font><a name="xbrl_cs_b39302ca097c4ad5a780eebcb"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2</font></font><a name="xbrl_cs_b39302ca097c4ad5a780eebcb_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; $<a name="xbrl_cs_f33a96e0b18b468aa5dc5f55d"></A>1<a name="xbrl_cs_f33a96e0b18b468aa5dc5f55d_bclend"></A> million), which is included in &#8220;Operating,
maintenance and general&#8221; on the Consolidated Statements of Income.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">As at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">, cash received from option exercises was $<a name="xbrl_cs_cd0249b351d3401da5a647f10"></A>16<a name="xbrl_cs_cd0249b351d3401da5a647f10_bclend"></A> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; $<a name="xbrl_cs_83e966ad90244299a1e6cd44b"></A>2<a name="xbrl_cs_83e966ad90244299a1e6cd44b_bclend">
</A> million). The total intrinsic value of options exercised for the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $<a name="xbrl_cs_167665cd842648a9aedcb87ce"></A>13<a name="xbrl_cs_167665cd842648a9aedcb87ce_bclend"></A> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; $<a name="xbrl_cs_c9e97b0b6b6d408ab8da14ae2"></A>1 <a name="xbrl_cs_c9e97b0b6b6d408ab8da14ae2_bclend">
</A>million).&#160; The range of exercise prices for the options outstanding as at December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $<a name="xbrl_cs_50f9c37513e7448e887e9d7b1"></A>20.42<a name="xbrl_cs_50f9c37513e7448e887e9d7b1_bclend"></A> to
$<a name="xbrl_cs_1b025f844d0b410aa0b553ca1"></A>46.19<a name="xbrl_cs_1b025f844d0b410aa0b553ca1_bclend"></A> (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#8211; $<a name="xbrl_cs_992bd9633e3e4bda92a121228"></A>19.88<a name="xbrl_cs_992bd9633e3e4bda92a121228_bclend"></A> to
$<a name="xbrl_cs_a98f30d610c8480e9dbe5a937"></A>42.71<a name="xbrl_cs_a98f30d610c8480e9dbe5a937_bclend"></A>).</font></font><a name="xbrl_ts_e8c8554b5b0941e49d13eeb65_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_33b11e55dede4b36a90f255b4"></A><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Share Unit Plans</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">The Company has deferred share unit (&#8220;DSU&#8221;) and performance share unit (&#8220;PSU&#8221;) plans.&#160; The DSU and PSU liabilities are marked-to-market at the end of each period
based on the common share price at the end of the period.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Deferred Share Unit Plans </font></b></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under the Directors&#8217; DSU plan, Directors of the Company may elect to receive all or any portion of their compensation in DSUs in lieu of cash compensation,
subject to requirements to receive a minimum portion of their annual retainer in DSUs.&#160; Directors&#8217; fees are paid on a quarterly basis and, at the time of each payment of fees, the applicable amount is converted to DSUs.&#160; A DSU has a
value equal to one Emera common share.&#160; When a dividend is paid on Emera&#8217;s common shares, referred to as the Dividend Reinvestment Plan (&#8220;DRIP&#8221;), the Director&#8217;s DSU account is credited with additional DSUs.&#160; DSUs
cannot be redeemed for cash until the Director retires, resigns or otherwise leaves the Board.&#160; The cash redemption value of a DSU equals the market value of a common share at the time of redemption, pursuant to the plan. Following retirement
or resignation from the board, the value of the DSUs credited to the participant&#8217;s account is calculated by multiplying the number of DSUs in the participant&#8217;s account by the average of Emera&#8217;s stock closing price during the ten
trading days ending on the tenth trading day prior to the payment date.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under the executive and senior management DSU plan, each participant may elect to defer all or a percentage of their annual incentive award in the form of DSUs
with the understanding, for participants who are subject to executive share ownership guidelines, a minimum of 50% of the value of their actual annual incentive award (<a name="xbrl_cs_a4c3f0da2599409fbd6b54195"></A><a name="xbrl_cs_6be38961255c4bbd8655f230c">
</A>25<a name="xbrl_cs_6be38961255c4bbd8655f230c_bclend"></A><a name="xbrl_cs_a4c3f0da2599409fbd6b54195_bclend"></A>% in the first year of the program) will be payable in DSUs until the applicable guidelines are met.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">When incentive awards are determined, the amount elected is converted to DSUs, which have a value equal to the market price of an Emera common share.&#160; When a
dividend is paid on Emera&#8217;s common shares, each participant&#8217;s DSU account is allocated additional DSUs equal in value to the dividends paid on an equivalent number of Emera common shares.&#160; Following termination of employment or
retirement, and by December 15 of the calendar year after termination or retirement, the value of the DSUs credited </font></font>
<a name=bcl_connect_next></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">199</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_200"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name=bcl_connect_prev></A>
<font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">to the participant&#8217;s account is calculated by multiplying the number of DSUs in the participant&#8217;s
account by the average of Emera&#8217;s stock closing price for the fifty trading days prior to a given calculation date. Payments are usually made in cash.&#160; At the sole discretion of the Management Resources and Compensation Committee
(&#8220;MRCC&#8221;), payments may be made in the form of actual shares.&#160; </font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">In addition, special DSU awards may be made from time to time by the MRCC to selected executives and senior management to recognize singular achievements or to
achieve certain corporate objectives.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="background:lightgrey;border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">A summary of the activity related to employee and director DSUs for the year ended December 31,
</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;
</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is presented in the following table:</font></font><a name="xbrl_ts_33b11e55dede4b36a90f255b4_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:42.0pt;page-break-inside:avoid;">
<td valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee
DSU</font></p> </td>
<td nowrap valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted Average
Grant Date Fair Value</font></p> </td>
<td valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Director </font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">DSU</font></p> </td>

<td valign=bottom width=4% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:42.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted Average
Grant Date Fair Value</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=48% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding as at December 31, 2015</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">606,646</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">26.27</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">362,750</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">31.36</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=48% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Granted including DRIP</font></p> </td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">74,855</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">37.60</font></p>
</td>
<td valign=top width=12% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">69,429</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">43.67</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=48% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Exercised</font></p> </td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(570)</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">46.58</font></p>
</td>
<td valign=top width=12% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(36,381)</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">27.42</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=48% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding and exercisable as at December 31, 2016</font></b></p> </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">680,931</font></b>
</p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">27.50</font></b></p>
 </td>
<td valign=top width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">395,798</font></b>
</p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">33.88</font></b></p>
 </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a8951ae83ccc4bc3a06752040"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation cost recognized for employee and director DSU for the year ended </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> was $</font></font><a name="xbrl_cs_34abd8ed761a4c1694936c3e1">
</A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">8</font></font><a name="xbrl_cs_34abd8ed761a4c1694936c3e1_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $<a name="xbrl_cs_4d1426b9b9964c808c503835d"></A>8<a name="xbrl_cs_4d1426b9b9964c808c503835d_bclend"></A> million).&#160; Tax benefits related to this
compensation cost for share units realized for the year ended </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">December 31, 2016</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> were $<a name="xbrl_cs_159d8103f19247beb97eb8ff5"></A>3<a name="xbrl_cs_159d8103f19247beb97eb8ff5_bclend"></A> million </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;
$<a name="xbrl_cs_5d9e838b3379463db634ae9da"></A>3<a name="xbrl_cs_5d9e838b3379463db634ae9da_bclend"></A> million); $nil was offset with regulatory assets and regulatory liabilities </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">(2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;
$<a name="xbrl_cs_7753954a56304b3f8d5635618"></A>1<a name="xbrl_cs_7753954a56304b3f8d5635618_bclend"></A> million). </font></font><a name="xbrl_ts_a8951ae83ccc4bc3a06752040_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><a name="xbrl_ts_68dfe988fd0e45168c4df3ef7"></A><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Performance Share Unit Plan
</font></b></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">Under the PSU plan, executive and senior employees are eligible for long-term incentives payable
through the PSU plan.&#160; PSUs are granted annually for three-year overlapping performance cycles.&#160; PSUs are granted based on the average of Emera&#8217;s stock closing price for the fifty trading days prior to a given calculation date.
Dividend equivalents are awarded and are used to purchase additional PSUs, also referred to as DRIP.&#160; The PSU value varies according to the Emera common share market price and corporate performance.</font></font></p>
<p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">PSUs vest at the end of the three-year cycle and will be calculated and approved by the MRCC early in the following year.&#160; The value of the payout considers
actual service over the performance cycle and will be pro-rated in the case of retirement, disability or death.</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></font></p> <p style="border:none;margin:0in;margin-bottom:.0001pt;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">A summary of the
activity related to employee PSUs for the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> is presented in
the following table:</font></font><a name="xbrl_ts_68dfe988fd0e45168c4df3ef7_bclend"></A></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:21.0pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=16% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Employee
PSU</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Weighted Average
Grant Date Fair Value</font></p> </td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td valign=bottom width=22% style="border:none;border-bottom:solid black 1.0pt;height:21.0pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Aggregate intrinsic
value</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding as at December 31, 2015</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">497,496</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">34.50</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">21.5</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Granted including DRIP</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">280,950</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=19% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">40.60</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=22% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Exercised</font></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(208,999)</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">34.39</font></p>
</td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Forfeited</font></p> </td>
<td valign=top width=16% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">(8,567)</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=19% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">37.54</font></p>
</td>
<td valign=top width=4% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=22% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Outstanding as at December 31, 2016</font></b></p> </td>
<td valign=top width=16% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">560,880</font></b>
</p> </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=19% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">37.55</font></b></p>
 </td>
<td valign=top width=4% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=22% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">25.5</font></b></p>
 </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_830993a535704303833f2aed0"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Compensation cost recognized for the PSU plan for the year ended December 31, </font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">was
$</font></font><a name="xbrl_cs_31d55cba67fb45ec89a2b0a4f"></A><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">11</font></font><a name="xbrl_cs_31d55cba67fb45ec89a2b0a4f_bclend"></A><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> million (</font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211; $<a name="xbrl_cs_71ea61919bb448cf896b5c11e"></A>10<a name="xbrl_cs_71ea61919bb448cf896b5c11e_bclend"></A> million). Tax benefits related to this compensation
cost for share units realized for the year ended December 31, </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2016 </font><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">were $<a name="xbrl_cs_555147f9f3f14ea6bbc3c821e"></A>4<a name="xbrl_cs_555147f9f3f14ea6bbc3c821e_bclend"></A> million (</font><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">2015&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;"> &#8211;
$<a name="xbrl_cs_1539f14b991b4eb0b425111b2"></A>3<a name="xbrl_cs_1539f14b991b4eb0b425111b2_bclend"></A> million).&#160; </font></font><a name="xbrl_ts_830993a535704303833f2aed0_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_a1a999ca7c81483ca7102b871"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">33.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160; VARIABLE INTEREST
ENTITIES</font></b></font><a name="xbrl_ts_a1a999ca7c81483ca7102b871_bclend"></A></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_0722f91d7816470b811add2cf"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">200</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_201"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company performs ongoing analysis to assess whether it holds any variable interest entities (&#8220;VIEs&#8221;).&nbsp; To identify potential VIEs, management reviews
contracts under leases, long-term purchase power agreements, tolling contracts and jointly owned facilities.&nbsp; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">VIEs of which the Company is deemed the
primary beneficiary must be consolidated.&nbsp; The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obligation to absorb losses of the entity that
could potentially be significant to the entity.&nbsp; In circumstances where Emera is not deemed the primary beneficiary, the VIE is accounted for using the equity method.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">For the years ended, December 31, </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">2016&nbsp;</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;"> and </font><font
color=black face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">2015</font><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">, the Company has identified the following material
VIEs:</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Emera holds a variable interest in NSPML, a
VIE for which it was determined that Emera is not the primary beneficiary since it does not have the controlling financial interest of NSPML.&nbsp; In Q2 2014, when the critical milestones were achieved, Nalcor Energy was deemed the beneficiary of
the asset for financial reporting purposes </font><font color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">as they have authority over the majority of the direct activities that are expected to most
significantly impact the economic performance of the Maritime Link Project.&nbsp; </font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">Thus, Emera began recording the Maritime Link Project as an equity
investment.&nbsp; </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">BLPC has established a Self-Insurance Fund
primarily for the purpose of building a fund to cover risk against damage and consequential loss to certain generating, transmission and distribution systems.&nbsp; ECI holds a variable interest in the SIF for which it was determined that ECI was
the primary beneficiary and, accordingly, the SIF must be consolidated by ECI.&nbsp; In its determination that ECI controls the SIF, management considered that, in substance, the activities of the SIF are being conducted on behalf of ECI&#8217;s
subsidiary BLPC and BLPC, alone, obtains the benefits from the SIF&#8217;s operations.&nbsp; Additionally, because ECI, through BLPC, has rights to all the benefits of the SIF, it is also exposed to the risks related to the activities of the
SIF.&#160; Any withdrawal of SIF fund assets by the Company would be subject to existing regulations.&#160; Emera&#8217;s consolidated VIE in the SIF is recorded as an &#8220;Investment securities&#8221;, &#8220;Restricted cash&#8221; and
&#8220;Regulatory liabilities&#8221;.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_0722f91d7816470b811add2cf_bclend"></A><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The Company has identified certain long-term purchase power agreements that meet the definition of variable interests as the Company has to purchase all or a majority of
the electricity generation at a fixed price.&#160; However, it was determined that the Company was not the primary beneficiary since it lacked the power to direct the activities of the entity, including the ability to operate the generating
facilities and make management decisions.&#160; </font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">The following table provides information about Emera&#8217;s portion of material unconsolidated VIEs:</font></font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=53% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">As at</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=3 width=21% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2016</font></b></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=3 width=20% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">December 31,
2015</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td nowrap valign=bottom width=53% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td colspan=2 valign=bottom width=14% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maximum</font></b></p> </td>
<td valign=bottom width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=7% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td colspan=2 valign=bottom width=13% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Maximum</font></p> </td> </tr>
<tr style="height:18.75pt;page-break-inside:avoid;">
<td valign=bottom width=53% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total</font></b></p>
 <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
assets&nbsp;</font></b></p> </td>
<td colspan=2 valign=top width=14% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;exposure
&nbsp;</font></b></p> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">to loss</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Total </font></p>
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">assets</font></p>
</td>
<td colspan=2 valign=top width=13% style="border:none;border-bottom:solid black 1.0pt;height:18.75pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;exposure to
loss</font></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=53% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">Unconsolidated VIEs in which Emera has variable interests</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=11% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=7% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;page-break-inside:avoid;">
<td width=53% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">NSPML (equity accounted)</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
315</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></b></p>
</td>
<td valign=top width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
577</font></b></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=7% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
188</font></p> </td>
<td valign=top width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">$</font></p> </td>
<td valign=top width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&#160;
1,007</font></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font
face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_fb6a0e750aa748fda147315cc"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">34.</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160; COMPARATIVE INFORMATION</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">These financial statements contain certain
reclassifications of prior period amounts to be consistent with the current period presentation, with no effect on net income.</font></font><a name="xbrl_ts_fb6a0e750aa748fda147315cc_bclend"></A></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif style="border:none;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;
</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_8769477b3c56408c9078aa4e9"></A><font color=black style="border:none;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">35.</font></b></font><font style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">&#160; SUBSEQUENT
EVENTS</font></b></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">These financial statements and notes reflect
the Company&#8217;s evaluation of events occurring subsequent to the balance sheet date through February 10, 2017, the date the financial statements were issued. </font></font><a name="xbrl_ts_8769477b3c56408c9078aa4e9_bclend"></A></p>
<DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">201</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_202"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font
face=Arial,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_2691a016f6b64df0b2ca70767"></A><font
color=black style="border:none;"><b><font color=black face=Arial,sans-serif lang=EN-CA style="font-size:12.0pt;line-height:normal;">36.</font></b></font><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-CA style="font-size:12.0pt;line-height:normal;">&#160; SUPPLEMENTAL FINANCIAL INFORMATION</font></b></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="background:yellow;border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">On June 16, 2016, Emera US Finance LP, (in such capacity, the &#8220;Issuer&#8221;), issued $3.25 billion USD senior unsecured notes
(&#8220;U.S. Notes&#8221;). The U.S Notes are fully and unconditionally guaranteed, on a joint and several basis, by Emera (in such capacity, the &#8220;Parent Company&#8221;) and EUSHI (in such capacity, the &#8220;Guarantor Subsidiaries&#8221;).
Emera owns, directly or indirectly, all of the limited and general partnership interests in Emera US Finance LP.</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">The following consolidated financial
statements present the results of operations, financial position and cash flows of the Parent Company, Subsidiary Issuer, Guarantor Subsidiaries and all other Non-guarantor Subsidiaries independently and on a consolidated basis. </font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></font></p>
<p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:10.0pt;line-height:normal;">Our guarantors were not determined using
geographic, service line or other similar criteria, and as a result, the &#8220;Parent&#8221;, &#8220;Subsidiary Issuer&#8221;, &#8220;Guarantor Subsidiaries&#8221; and &#8220;Non-guarantor Subsidiaries&#8221; columns each include portions of our
domestic and international operations. Accordingly, this basis of presentation is not intended to present our financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for guarantor
reporting</font></font><font style="border:none;"><font face=Arial,sans-serif lang=EN-CA style="font-size:11.0pt;line-height:normal;">.</font></font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_2691a016f6b64df0b2ca70767_bclend">
</A><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&#160;&nbsp;
</font></p> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_ac72e1c76e684fcea953d764b"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">202</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_203"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Statements of Income</font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">For the year ended </font></b><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">December 31, 2016</font></b></font><a name="xbrl_ts_ac72e1c76e684fcea953d764b_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td nowrap width=33% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary Issuer</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor Subsidiaries</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Operating revenues</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160; Regulated electric</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,665</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,774</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(2)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 3,437</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160; Regulated gas</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 451</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 48</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 499</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160; Non-regulated</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 378</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(4)&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(33)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 341</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total operating revenues</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2,494</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,818</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(35)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 4,277</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Operating expenses</font></b></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
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<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 560</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 52</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(23)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 29</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Operating, maintenance and general</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 37</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 647</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 461</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(8)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,137</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Provincial, state and municipal taxes </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 152</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 43</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 195</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Depreciation and amortization</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 330</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 256</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 588</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total operating expenses</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 39</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2,127</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,591</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(35)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 3,722</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income (loss) from operations</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(39)&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 367</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 227</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 555</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income (loss) from equity investments in subsidiaries</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 150</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(150)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 18</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 82</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 100</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Intercompany income (expenses), net </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 203</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 101</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(107)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(151)&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(46)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other income (expenses), net </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 135</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 24</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 15</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 174</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest expense, net </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 226</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 85</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 127</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 147</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 585</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income (loss) before provision for income taxes</font></b></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 241</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 16</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 157</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 26</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(196)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 244</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income tax expense (recovery) </font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(14)&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 7</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 48</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(63)&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(22)&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income (loss)</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 255</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 9</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 109</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 89</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(196)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 266</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 7</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 4</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 11</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income (loss) of Emera Incorporated</font></b></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 255</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 9</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 109</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 82</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(200)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 255</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Preferred stock dividends</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 28</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 31</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 19</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(50)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 28</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income (loss) attributable to common shareholders</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 227</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 9</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 78</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 63</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(150)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 227</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Comprehensive income (loss) of Emera Incorporated</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 228</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 19</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 205</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 59</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(283)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
 228</font></b></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_f3be758cae9148cba682ea98d"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">203</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_204"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Statements of Income</font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">For the year ended </font></b><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">December 31, 2015</font></b></font><a name="xbrl_ts_f3be758cae9148cba682ea98d_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td nowrap width=33% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary Issuer</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor Subsidiaries</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Operating revenues</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160; Regulated electric</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 283</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,860</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(2)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2,141</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160; Regulated gas</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 52</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 52</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160; Non-regulated</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 419</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 219</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(42)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 596</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total operating revenues</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 702</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2,131</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(44)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2,789</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<td width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
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<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
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<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
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<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; power</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 70</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 745</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 815</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
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<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 42</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 42</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-regulated fuel for generation and </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; purchased power</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 277</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 64</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(5)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 336</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-regulated direct costs</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 49</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(30)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 19</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Operating, maintenance and general</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 54</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 148</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 472</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(8)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 666</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Provincial, state and municipal taxes </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 21</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 42</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 63</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Depreciation and amortization</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 79</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 260</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 340</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total operating expenses</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 55</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 595</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 1,674</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(43)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 2,281</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income (loss) from operations</font></b></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(55)&nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 107</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 457</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(1)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 508</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income (loss) from equity investments in subsidiaries</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 270</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(270)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income from equity investments</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 37</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 5</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 66</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 108</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Intercompany income (expenses), net </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 156</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 8</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(164)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other income (expenses), net </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 91</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 21</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 29</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 141</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Interest expense, net </font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 46</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 28</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 272</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(134)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 212</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income (loss) before provision for income taxes</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 453</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 105</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 288</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(301)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 545</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Income tax expense (recovery) </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 25</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 35</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 33</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 93</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income (loss)</font></b></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 428</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 70</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 255</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(301)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 452</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-controlling interest in subsidiaries</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 13</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 12</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 25</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income (loss) of Emera Incorporated</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 428</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 70</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 242</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(313)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 427</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Preferred stock dividends</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 30</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 15</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 26</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(41)&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 30</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net income (loss) attributable to common shareholders</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 398</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 55</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 216</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(272)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 397</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Comprehensive income (loss) of Emera Incorporated</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 911</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;- &nbsp;</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 303</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160; 452</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;(755)&nbsp;</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;
 911</font></b></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_07c1e3c2f3a14b11af498955f"></A></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">204</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_205"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Balance Sheets </font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">As at
</font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">December 31, 2016</font></b></font><a name="xbrl_ts_07c1e3c2f3a14b11af498955f_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary Issuer</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor Subsidiaries</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Assets</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Current assets</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Cash and cash equivalents</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">200</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">28</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">128</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">404</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Restricted cash </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">86</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">87</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Receivables, net </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">429</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">584</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,014</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany receivables</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">57</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">11</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">569</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(646)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">28</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">33</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Inventory </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">273</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">199</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">472</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">33</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">112</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(13)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">145</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">54</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">26</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">80</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Prepayments and other current assets </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">44</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">230</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">276</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total current assets</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">273</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">37</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">898</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,962</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(659)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,511</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Property, plant and equipment, net of accumulated depreciation</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12,724</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,552</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">17,290</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other assets</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">31</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">18</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">114</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(38)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">125</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments&#160; </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">129</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(12)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">131</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement asset</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">647</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">595</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,242</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net investment in direct financing lease </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">475</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">488</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investments in subsidiaries accounted for </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; using the equity method </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">8,349</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(8,349)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investments subject to significant influence </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">929</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">947</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investment securities</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Goodwill </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,110</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">103</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,213</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany notes receivable</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,341</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,558</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">16</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">589</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6,504)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other investments - intercompany</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,270</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2,270)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other long-term assets</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">33</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">85</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">70</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(19)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">169</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total other assets</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,771</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,558</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,904</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,379</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(17,192)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,420</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">10,058</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,595</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">20,526</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">11,893</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(17,851)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29,221</font></b></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">205</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_206"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated </font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Balance Sheets &#8211; Continued</font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">As at December 31, 2016</font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td nowrap valign=top width=35% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.0pt;">
<td valign=top width=35% style="height:9.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=1% style="height:9.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary Issuer</font></p> </td>
<td valign=bottom width=1% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor Subsidiaries</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Liabilities and Equity</font></b></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Current liabilities</font></b></p> </td>
<td valign=top width=1% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Short-term debt </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">948</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">961</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Current portion of long-term debt </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">436</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">40</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">476</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accounts payable </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">756</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">480</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,242</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany payable </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">534</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">81</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">25</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(646)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes payable </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">10</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">314</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(13)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">325</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory liabilities </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">225</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">137</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">362</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement liabilities </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">51</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">58</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other current liabilities </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">54</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">79</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">141</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">281</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total current liabilities</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">608</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,586</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,170</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(659)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,724</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Long-term liabilities</font></b></p> </td>
<td valign=top width=1% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Long-term debt </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,338</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,314</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,687</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,929</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14,268</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany long-term debt</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">366</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,778</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,357</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6,501)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:12.0pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,193</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">516</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(38)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,672</font></b></p> </td> </tr>
<tr style="height:12.0pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Convertible debentures </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">8</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">8</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">150</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(12)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">150</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory liabilities </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">973</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">304</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,277</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Asset retirement obligations </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">61</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">109</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">170</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement liabilities </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">17</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">433</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">219</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">669</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other long-term liabilities </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">213</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">268</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(19)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">467</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total long-term liabilities</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,746</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,315</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12,338</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,852</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6,570)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">18,681</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity</font></b></p> </td>
<td valign=top width=1% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Common stock</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,738</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">242</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,177</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,997</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(8,416)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,738</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Cumulative preferred stock</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">709</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">620</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">271</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(891)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">709</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Contributed surplus</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">75</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">45</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">106</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(151)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">75</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accumulated other comprehensive income </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; (loss) </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">106</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">10</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">340</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(191)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(159)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">106</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Retained earnings </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,076</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">420</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">610</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,039)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,076</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total Emera Incorporated equity</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,704</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">261</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,602</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,793</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(10,656)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,704</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-controlling interest in subsidiaries </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">78</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">34</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">112</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total equity</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,704</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">261</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,602</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,871</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(10,622)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,816</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total liabilities and equity</font></b></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">10,058</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,595</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">20,526</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">11,893</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(17,851)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29,221</font></b></p> </td> </tr> </table></div> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><a name="xbrl_ts_18ba26ca752849e09dfa7af95">
</A></p> <DIV bclFooter> <p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font
style="border:none;mso-bidi-font-family:Arial;"><font style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">206</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;
</font></p> </DIV> </DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_207"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in">
<DIV bclHeader> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></font></p> <h1 style="border:none;margin:0in;margin-bottom:.0001pt;page-break-after:avoid;"><font style="border:none;"><b><font
face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;">Consolidated Balance Sheets </font></b></font></h1> <p style="border:none;margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
face=Arial,sans-serif style="border:none;"><b><font face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">As at
</font></b><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">December 31, 2015</font></b></font><a name="xbrl_ts_18ba26ca752849e09dfa7af95_bclend"></A></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;line-height:normal;">&nbsp;</font></p> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary Issuer</font></p> </td>
<td valign=bottom width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=13% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor Subsidiaries</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=bottom width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Assets</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Current assets</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=8% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=2% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=3% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=9% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Cash and cash equivalents</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,068</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,073</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Restricted cash </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">18</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Receivables, net </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">70</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">506</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">578</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany receivable</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">102</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">51</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">95</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(248)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Inventory </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">266</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">314</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">109</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">46</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">112</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(17)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">250</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">17</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">77</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">94</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Prepayments and other current assets </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">243</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">256</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total current assets</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">222</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">265</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,388</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(279)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,596</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Property, plant and equipment, net of accumulated depreciation</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">15</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,035</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,419</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,469</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Other assets</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes receivable </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">49</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">49</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">47</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(34)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">32</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments&#160; </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">35</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">167</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(34)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">168</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement assets</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory assets </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">100</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">505</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">605</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net investment in direct financing lease </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">480</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">480</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investments in subsidiaries accounted for </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; using the equity method </font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,042</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6,042)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investments subject to significant influence </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">509</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">624</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,145</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Investment securities</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">116</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">116</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Goodwill </font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">158</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">106</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">264</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany notes receivable</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,051</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,754</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5,805)</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other investments - intercompany</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">98</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(98)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other long-term assets</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">16</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">77</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">106</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total other assets</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,653</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">330</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,004</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(12,013)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,974</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=8% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=32% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total assets</font></b></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,890</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=8% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,630</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">11,811</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(12,292)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12,039</font></b></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">207</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_208"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated </font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Balance Sheets &#8211;&#160; Continued</font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">As at December 31, 2015</font></b></p> </td> </tr>
<tr style="height:13.5pt;">
<td nowrap valign=top width=35% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:9.0pt;">
<td valign=top width=35% style="height:9.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=1% style="height:9.0pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary Issuer</font></p> </td>
<td valign=bottom width=1% style="height:9.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor Subsidiaries</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=11% style="border:none;border-bottom:solid black 1.0pt;height:9.0pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font></b></p> </td>
</tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Liabilities and Equity</font></b></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Current liabilities</font></b></p> </td>
<td valign=top width=1% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Short-term debt </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">16</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">16</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Current portion of long-term debt </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">250</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">18</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">274</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accounts payable </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">17</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">76</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">301</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">394</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Income taxes payable </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">8</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">8</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany payable </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">52</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">92</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">77</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(221)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">17</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">36</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">313</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(17)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">349</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory liabilities </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">10</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">102</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">112</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement liabilities </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other current liabilities </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">51</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">24</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">132</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">207</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</font></b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total current liabilities</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">401</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">244</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">974</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(252)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,367</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Long-term liabilities</font></b></p> </td>
<td valign=top width=1% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Long-term debt </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">464</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">389</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,882</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,735</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Intercompany long-term debt</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,631</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">120</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,072</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5,823)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:12.0pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Deferred income taxes </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">343</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">450</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(34)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">762</font></b></p> </td> </tr>
<tr style="height:12.0pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Convertible debentures (represented by </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; installment receipts)</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,139</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,458)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:12.0pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">681</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Derivative instruments </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">34</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">96</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(34)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">96</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Regulatory liabilities </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">341</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">353</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Asset retirement obligations </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">109</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">109</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Pension and post-retirement liabilities </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">13</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">93</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">197</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">303</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other long-term liabilities </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">61</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">233</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">299</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total long-term liabilities</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,289</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,018</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">5,922</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5,891)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,338</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Equity</font></b></p> </td>
<td valign=top width=1% style="height:10.5pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Common stock</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,157</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">312</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,829</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4,141)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,157</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Cumulative preferred stock</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">709</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">425</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">271</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(696)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">709</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Contributed surplus</font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">45</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">133</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(178)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Accumulated other comprehensive income </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; (loss) </font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">137</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">245</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(169)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(76)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">137</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Retained earnings </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,168</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">341</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">751</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,092)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,168</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total Emera Incorporated equity</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,200</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,368</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,815</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6,183)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,200</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Non-controlling interest in subsidiaries </font></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">100</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">34</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">134</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Total equity</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,200</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,368</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,915</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6,149)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,334</font></b></p> </td> </tr>
<tr style="height:10.5pt;">
<td valign=top width=35% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Total liabilities and equity</font></b></p> </td>
<td valign=top width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,890</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,630</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">11,811</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(12,292)</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:10.5pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">12,039</font></b></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">208</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_209"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=33% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Statements of Cash Flows </font></b></p> </td> </tr>
<tr style="height:26.25pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=top width=100% style="height:26.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">For the year ended December 31, 2016</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td nowrap valign=top width=33% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary
Issuer</font></p> </td>
<td valign=bottom width=1% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor
Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor
Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font>
</p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font>
</b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net cash provided by (used in) by operating activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">265</font></p> </td>

<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">481</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">107</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">171</font></p> </td>

<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,053</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Investing activities</font></b></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Acquisitions, net of cash acquired</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(8,409)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(8,409)</font></b>
</p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Additions to property, plant and equipment</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(633)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(396)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,031)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net purchase of investments subject to </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; significant influence,
inclusive of acquisition </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(276)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(276)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net proceeds on sale of investment subject
to&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; significant influence and
held-for-trading&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></p> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; common shares</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">665</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">665</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other intercompany investing activities </font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2,348)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4,416)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(18)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2,397)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,179</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other investing activities</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(42)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(12)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(54)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net cash provided by (used in) investing activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,685)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4,416)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(9,102)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3,081)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9,179</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(9,105)</font></b>
</p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Financing activities</font></b></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Change in short-term debt, net</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">122</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">118</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds from long-term debt, net of issuance </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,037</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,187</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,516</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">764</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5,081)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6,423</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds from convertible debentures </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; represented by
instalment receipts, net </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; of issuance
costs</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(44)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,457</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,413</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Retirement of long-term debt</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(250)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(36)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(273)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net borrowings (repayments) under committed </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; credit
facilities</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(210)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(99)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6)</font></p> </td>

<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(315)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Issuance of common stock, net of issuance </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">354</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">242</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,865</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">95</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4,202)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">354</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Issuance of preferred stock, net of issuance </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">195</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(195)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends on common stock</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(221)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(254)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">254</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(221)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends on preferred stock</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(28)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(31)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(18)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">49</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(28)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends paid by subsidiaries to non-controlling </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; interest</font></p>
</td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(5)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other financing activities </font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(18)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">185</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(185)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(18)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net cash provided by (used in) financing activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,624</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4,429</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">8,643</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,088</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(9,336)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7,448</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Effect of exchange rate changes on cash and cash equivalents</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)</font></p> </td>

<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">7</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(54)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(65)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net increase (decrease) in cash and cash equivalents</font></b></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">200</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">28</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(940)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(669)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Cash and cash equivalents, beginning of period</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,068</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,073</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Cash and cash equivalents, end of period</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">200</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">28</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">48</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">128</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">404</font></b></p> </td> </tr> </table></div> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">209</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
</DIV><HR noshade STYLE="page-break-after: always" align="center" width="100%" size=2><a name="page_210"></A><DIV bclPageBorder STYLE="PADDING-TOP: 0in; PADDING-BOTTOM: 0in; WIDTH: 100%; PADDING-RIGHT: 0in; PADDING-LEFT: 0in"> <DIV bclHeader>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-add-space:auto;mso-line-height-rule:exactly;mso-pagination:widow-orphan no-line-numbers;"><font
face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:.7pt;">&nbsp;</font></p> </DIV> <div align=left>
<table border=0 cellpadding=0 cellspacing=0 style="border-collapse:collapse;width:100%;">
<tr style="height:13.5pt;page-break-inside:avoid;">
<td nowrap valign=top width=33% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Emera Incorporated</font></b></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=1% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=3% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=9% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=2% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td nowrap valign=top width=10% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:13.5pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=top width=100% style="height:13.5pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">Consolidated Statements of Cash Flows </font></b></p> </td> </tr>
<tr style="height:26.25pt;page-break-inside:avoid;">
<td colspan=13 nowrap valign=top width=100% style="height:26.25pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:12.0pt;line-height:normal;">For the year ended December 31, 2015</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td nowrap valign=top width=33% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &nbsp;</font></p> </td>
<td nowrap valign=top width=1% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Parent</font></p>
</td>
<td colspan=2 rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Subsidiary
Issuer</font></p> </td>
<td valign=bottom width=1% style="height:9.95pt;padding:0in 0in 0in 0in;"> <p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td rowspan=2 valign=bottom width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Guarantor
Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Non-guarantor
Subsidiaries</font></p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Eliminations</font>
</p> </td>
<td colspan=2 rowspan=2 valign=bottom width=12% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Consolidated</font>
</b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">millions of Canadian dollars</font></p> </td>
<td valign=top width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td valign=bottom width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=center style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:center;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net cash provided by (used in) operating activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">291</font></p> </td>

<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">190</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">364</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(171)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">674</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Investing activities</font></b></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Additions to property,
plant and equipment</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(7)</font></p> </td>

<td width=1% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(66)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(354)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border-bottom:dotted black 1.0pt;border-left:none;border-right:none;border-top:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(427)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net purchase of investments subject to </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; significant influence,
inclusive of acquisition </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(132)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(136)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds on sale of investment subject to </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; significant
influence</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">282</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">282</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other intercompany investing activities</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2,453)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(29)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,482</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other investing activities</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(751)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(10)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(413)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,331</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">157</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net cash provided by (used in) investing activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3,212)</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">203</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(928)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">3,813</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(124)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Financing activities</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=2% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Change in short-term debt, net</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">4</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(262)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(262)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds from long-term debt, net of issuance </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">29</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,465</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,048)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">446</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Proceeds from convertible debentures </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; represented by
instalment receipts, net </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; of issuance costs
</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,138</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,457)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">681</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Retirement of long-term debt</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(420)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(372)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">702</font></p> </td>

<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(90)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Net borrowings (repayments) under committed </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; credit
facilities</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(39)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(9)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(153)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(201)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Issuance of common stock, net of issuance </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,390</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(2,390)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">9</font></b></p>
</td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Issuance of preferred stock, net of issuance </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; costs</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">6</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(6)</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends on common stock</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(162)</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(162)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">162</font></p> </td>

<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(162)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends on preferred stock</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(30)</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(15)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(25)</font></p> </td>
<td width=3% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">40</font></p> </td>
<td width=2% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(30)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Dividends paid by subsidiaries to non-controlling </font></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; interest</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3)</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(11)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&#160;&#160;&#160;&#160; Other financing activities </font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,001</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(11)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(55)</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(1,091)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(156)</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net cash provided by (used in) financing activities</font></b></p>
<p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">2,921</font></p>
</td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(426)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,372</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(3,646)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">221</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Effect of exchange rate changes on cash and cash equivalents</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">14</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">67</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">81</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Net increase (decrease) in cash and cash equivalents</font></b></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(19)</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">875</font></p> </td>

<td width=3% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p>
</td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(4)</font></p> </td>

<td width=2% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;
</font></b></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:dotted black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">852</font></b></p>
 </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Cash and cash equivalents, beginning of period</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">38</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">193</font></p> </td>
<td width=3% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></p> </td>
<td width=9% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(10)</font></p> </td>
<td width=2% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">&nbsp;</font></b></p> </td>
<td width=10% style="border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;"> <p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">221</font></b></p> </td> </tr>
<tr style="height:9.95pt;page-break-inside:avoid;">
<td valign=top width=33% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;"> <p style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;"><font
color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">Cash and cash equivalents, end of period</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">-</font></p> </td>
<td width=1% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">19</font></p> </td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,068</font></p>
</td>
<td width=3% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></p> </td>
<td width=9% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">(14)</font></p>
</td>
<td width=2% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 0in 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">$</font></b></p>
</td>
<td width=10% style="background:#DCE6F2;border:none;border-bottom:solid black 1.0pt;height:9.95pt;padding:0in 3.0pt 0in 0in;">
<p align=right style="margin-bottom:.0001pt;margin-left:0in;margin-right:0in;margin-top:0in;page-break-after:avoid;text-align:right;"><b><font color=black face=Arial,sans-serif lang=EN-US style="font-size:8.0pt;line-height:normal;">1,073</font></b></p>
 </td> </tr> </table></div> <p style="margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">&nbsp;</font></p> <DIV bclFooter>
<p align=right style="border:none;margin-bottom:10.0pt;margin-left:0in;margin-right:0in;margin-top:0in;mso-border-shadow:yes;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;text-align:right;"><font style="border:none;mso-bidi-font-family:Arial;"><font
style="mso-no-proof:yes;"><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;line-height:115%;">210</font></font></font><font style="border:none;mso-bidi-font-family:Arial;">&nbsp;</font></p> </DIV>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>d360590dex994.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<HTML><HEAD>
<TITLE>Consent of Independent Registered Public Accounting Firm</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.4 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Consent of Independent Registered Public Accounting Firm </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">We
consent to the incorporation by reference in the Registration Statement (Form <FONT STYLE="white-space:nowrap">F-10</FONT> of Emera Incorporated, <FONT STYLE="white-space:nowrap">No.&nbsp;333-211741)</FONT> of our report dated February&nbsp;10,
2017, with respect to the consolidated financial statements of Emera Incorporated, incorporated by reference in this Annual Report (Form <FONT STYLE="white-space:nowrap">40-F)</FONT> for the year ended December&nbsp;31, 2016. </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="47%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><U>/s/ Ernst&nbsp;&amp; Young LLP</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Halifax, Canada</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Chartered Professional Accountants</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">March 9, 2017</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Licensed Public Accountants</TD></TR>
</TABLE>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>d360590dex995.htm
<DESCRIPTION>CERTIFICATION OF CHIEF EXECUTIVE OFFICER
<TEXT>
<HTML><HEAD>
<TITLE>Certification of Chief Executive Officer</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.5 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>CERTIFICATION </U></B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">I, Christopher G.
Huskilson, certify that: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">I have reviewed this annual report on Form <FONT STYLE="white-space:nowrap">40-F</FONT> of Emera Incorporated;
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The issuer&#146;s other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> for the issuer and have: </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the issuer&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the issuer&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The issuer&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of
internal control over financial reporting, to the issuer&#146;s auditors and the audit committee of the issuer&#146;s board of directors (or persons performing the equivalent functions): </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;March 9, 2017</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>/s/ Christopher G. Huskilson</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Christopher G. Huskilson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">President&nbsp;&amp; Chief Executive Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>d360590dex996.htm
<DESCRIPTION>CERTIFICATION OF CHIEF FINANCIAL OFFICER
<TEXT>
<HTML><HEAD>
<TITLE>Certification of Chief Financial Officer</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.6 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>CERTIFICATION </U></B></P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">I, Gregory W.
Blunden, certify that: </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">I have reviewed this annual report on Form <FONT STYLE="white-space:nowrap">40-F</FONT> of Emera Incorporated;
</P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations and cash flows of the issuer as of, and for, the periods presented in this report; </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The issuer&#146;s other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange Act Rules <FONT STYLE="white-space:nowrap">13a-15(e)</FONT> and <FONT STYLE="white-space:nowrap">15d-15(e))</FONT> for the issuer and have: </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the issuer&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the issuer&#146;s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to
materially affect, the issuer&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">The issuer&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of
internal control over financial reporting, to the issuer&#146;s auditors and the audit committee of the issuer&#146;s board of directors (or persons performing the equivalent functions): </P></TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer&#146;s ability to record, process,
summarize and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;March 9, 2017</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>/s/ Gregory W. Blunden</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Gregory W. Blunden</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chief Financial Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.7
<SEQUENCE>8
<FILENAME>d360590dex997.htm
<DESCRIPTION>CERTIFICATION OF CHIEF EXECUTIVE OFFICER
<TEXT>
<HTML><HEAD>
<TITLE>Certification of Chief Executive Officer</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.7 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CERTIFICATION PURSUANT TO </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18
U.S.C. SECTION 1350 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AS ENACTED PURSUANT TO </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the annual report of Emera Incorporated (the &#147;Company&#148;) on Form <FONT STYLE="white-space:nowrap">40-F</FONT> for
the year ended December&nbsp;31, 2016 (the &#147;Report&#148;) as filed with the U.S. Securities and Exchange Commission, </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">I, Christopher
G. Huskilson, President&nbsp;&amp; Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section&nbsp;1350, as enacted pursuant to Section&nbsp;906 of the U.S. Sarbanes-Oxley Act of 2002, that to my knowledge: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Report fully complies with the requirements of Section 13(a) or 15(d) of the U.S. Securities Exchange Act
of 1934; and </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Company. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;March 9, 2017</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>/s/ Christopher G. Huskilson</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Christopher G. Huskilson</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">President&nbsp;&amp; Chief Executive Officer</TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.8
<SEQUENCE>9
<FILENAME>d360590dex998.htm
<DESCRIPTION>CERTIFICATION OF CHIEF FINANCIAL OFFICER
<TEXT>
<HTML><HEAD>
<TITLE>Certification of Chief Financial Officer</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.8 </B></P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CERTIFICATION PURSUANT TO </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">18
U.S.C. SECTION 1350 </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AS ENACTED PURSUANT TO </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 </P>
<P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">In connection with the annual report of Emera Incorporated (the &#147;Company&#148;) on Form <FONT STYLE="white-space:nowrap">40-F</FONT> for
the year ended December&nbsp;31, 2016 (the &#147;Report&#148;) as filed with the U.S. Securities and Exchange Commission, </P> <P STYLE="margin-top:10pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="justify">I, Gregory W.
Blunden, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section&nbsp;1350, as enacted pursuant to Section&nbsp;906 of the U.S. Sarbanes-Oxley Act of 2002, that to my knowledge: </P>
<P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(i)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the Report fully complies with the requirements of Section 13(a) or 15(d) of the U.S. Securities Exchange Act
of 1934; and </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="2%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">(ii)</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">the information contained in the Report fairly presents, in all material respects, the financial condition and
results of operations of the Company. </P></TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Date:&nbsp;&nbsp;March 9, 2017</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman"><U>/s/ Gregory W. Blunden</U></P></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Gregory W. Blunden</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Chief Financial Officer</TD></TR>
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  <us-gaap:StockholdersEquityNoteDisclosureTextBlock id="ID_214" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;10.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;COMMON STOCK&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:312pt;text-align:left;vertical-align:top;border-color:Black;min-width:312pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Authorized&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;:  Unlimited number of non-par value common shares.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:99pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:99pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:100.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:100.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Issued and outstanding:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of shares&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of shares&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  147.21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  143.78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Conversion of Convertible Debentures &lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  51.99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Issuance of common stock (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7.69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  338&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1.25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Issued for cash under Purchase Plans at market rate &lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2.51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2.10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount on shares purchased under Dividend Reinvestment Plan&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Options exercised under senior management share option plan&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.62&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.08&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Stock-based compensation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  210.02&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,738&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  147.21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:477.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) In Q1 2016, Emera issued 0.06 million common shares to facilitate the creation and issuance of 0.2 million depositary receipts in connection with the ECI amalgamation transaction. The depositary receipts are listed on the Barbados Stock Exchange. In addition, Emera completed an offering of 7.63 million common shares in December 2016, at $45.25 per common share, for net proceeds of approximately $345 million.  The net proceeds were $335 million after $10 million of issuance costs, net of taxes.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; there were the following common shares reserved for issuance: &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6.6 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7.3&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) under the senior management stock option plan, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.5 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.6 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million) under the employee common share purchase plan &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7.9 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3.3 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million) under the dividend reinvestment plan.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The issuance of common shares under the current or proposed common share compensation arrangements will not exceed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent of Emera&amp;#39;s outstanding common shares&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;As at Dece&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;mber 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, Emera is in compliance with this requirement.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Convertible Debentures&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On September 28, 2015, to finance a portion of the acquisition of TECO Energy, Emera, through a direct wholly owned subsidiary (the &amp;#8220;Selling Debentureholder&amp;#8221;) completed the sale of $1.9 billion aggregate principal amount of 4.0 per&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; cent convertible unsecured subordinated debentures, represented by instalment receipts. On October 2, 2015, in connection with the Debenture Offering, the underwriters fully exercised an over-allotment option and purchased an additional $285 million aggre&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;gate principal amount of Debentures at the Debenture Offering price. The sale of the additional Debentures brought the aggregate proceeds of the Debenture Offering to $2.185 billion.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Debentures were sold on an instalment basis at a price of $1,000 per&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Debenture, of which&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;$333 (the &amp;#8220;First Instalment&amp;#8221;) was paid on closing of the Debenture Offerings on September 28, 2015 and&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;October 2, 2015, and the remaining $667 (the &amp;#8220;Final Instalment&amp;#8221;) was payable on August 2, 2016 (the &amp;#8220;Final Instalment Date&amp;#8221;). Prior &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to the Final Instalment Date, the Debentures were represented by instalment receipts. The instalment receipts traded on the Toronto Stock Exchange (&amp;#8220;TSX&amp;#8221;) from September 28, 2015 to August 2, 2016 under the symbol &amp;#8220;EMA.IR&amp;#8221;. The Debentures will mature on Se&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ptember 29, 2025 and, as of the Final Instalment Date, bear interest at 0 per cent.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The proceeds of the first instalment and the over-allotment of the Debentures were $727.6 million ($681.4 million net of issue costs).  The proceeds of the final instalmen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t payment were $1.457 billion ($1.413 billion net of issue costs).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Final Instalment Notice was issued by Emera on June 29, 2016 with a payable date of August 2, 2016.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;At the option of the holde&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rs, each fully paid Debenture was&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; convertible into common sha&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;res of Emera at any time after the Final Instalment Date, but prior to the earlier of maturity or redemption by the Company, at a conversion price of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$41.85 per common share. This was&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; a conversion rate of 23.8949 common shares per $1,000 principal amount o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;f Debentures. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As the Final Instalment Date &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;occurred prior to the first anniversary of the closing of the Debenture Offering, holders of the convertible debentures who paid the final instalment by August 2, 2016 received, in addition to the payment of acc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rued and unpaid interest, a make-whole payment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  This represented &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the interest that would have accrued from the day following the Final Instalment Date up to and including&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;September 28, 2016.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Recorded in the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;year&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016 is $65&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; ($4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million after-tax) of interest expense related&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to the Convertible Debentures including the $21 million ($14&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million after-tax) make-whole paymen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t in Q2 2016 (note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, a total of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;51.99 million common shares of the C&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ompany were is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sued, representing conversion in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to common shares of more than 99.6 per cent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of the Convertible Debentures. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;After the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Final Instalment Date of August 2, 2016, debentures not converted may be redeemed by Emera at a price&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;equal to their principal amount. At &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;maturity, Emera has the right to pay the principal amount due in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; common shares to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the debenture holders that have not converted, which will be valued at 95 per cent of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the weighted average trading price on the TSX for the 20 consecutive trading days ending&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; five trading&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;days preceding the maturity date.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
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  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="ID_216" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" unitRef="CAD" decimals="-6">0</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
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  <ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest id="ID_218" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">12000000</ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest>
  <us-gaap:RelatedPartyTransactionsDisclosureTextBlock id="ID_219" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;18&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;RELATED PA&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;RTY TRANSACTIONS&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In the ordinary course of business, Emera provides energy, construction and other services and enters into transactions with its subsidiaries, associates and other related companies on terms similar to those offered to non-related parties.&amp;#160; Inter-company &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;balances and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between non-regulated and regulated entities in accordance with accounting standards for rate-regulated entities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, as discussed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in note 1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; All material amounts are under normal interest and credit terms.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Significant transactions between Emera and its associated companies include&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; natural gas transportation capacity revenues from M&amp;amp;NP reported in the Consolidated Statements of Inc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ome. Revenues from M&amp;amp;NP, reported in Operating rev&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;enues, Non-regulated, totaled $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;29&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for the year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million). &amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;There are no significant amounts between &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera and its &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;associated&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; companies reported on Emera&amp;#8217;s Consoli&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;dated Balance S&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;heets as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
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  <us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted id="ID_236" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;3.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;FU&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;TURE ACCOUNTING PR&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;ONOUNCEMENTS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company considers the applicability and impact of all ASUs issued by FASB.  The following updates have been issued by FASB, but have not yet been adopted by Emera.  Any ASUs not included below were assessed and determined to be either not applicable &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to the Company or have minimal impact on the consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Revenue from Contracts with Customers&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In May 2014, the FASB issued ASU 2014-09, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Revenue from Contracts with Customers&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, which creates a new, principle-based revenue recognition&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; framework&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; which has been codified as ASC Topic 606.&amp;#160; The FASB issued amendments to ASC Topic 606 during 2016 to clarify certain implementation guidance and to reflect narrow scope improvements and practical expedients.  The core principle is that a compa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ny should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled to.&amp;#160; The guidance will require additional disclosures regarding the nature, amoun&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t, timing and uncertainty of revenue and related cash flows arising from contracts with customers.&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and will a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;llow for either full retrospective adoption or modified retrospective adoption.&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Company will adopt this guidance effective January 1, 2018.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Company has implemented a project &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;plan and is in the process of evaluating the impact of adoption of this &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;standard on its consolidated financial statements and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;disclosures.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This includes evaluating the available adoption methods, accounting for contributions in aid of construction and contract acquisition costs, the impact of collectability risk, unique contr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;act characteristics in the Company&amp;#8217;s non-regulated businesses and disclosure requirements.  The Company is also monitoring the assessment of ASC Topic 606 by the AICPA Power and Utilities Revenue Recognition Task Force.  The ultimate impact of the adoption&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of ASC Topic 606, and the method of adoption, has not yet been finalized.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Recognition and Measurement of Financial Assets and Financial Liabilities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In January 2016, the FASB issued&amp;#160;ASU 2016-01, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Financial Instruments &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Recognition and Measurement of Finan&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;cial Assets and Financial Liabilities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&amp;#160; The standard provides guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities.&amp;#160; This guidance will be effective for annual reporting periods, including interim repor&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ting within those periods, beginning after December 15, 2017. &amp;#160;The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Leases&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In February 2016, the FASB issued&amp;#160;ASU 2016-02, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Leases.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#160; The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;standard, codified as ASC Topic 842, increases transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet for leases with terms of more than 12 months.&amp;#160; Under the existing guidance, operating leases &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are not recorded as lease assets and lease liabilities on the balance sheet.&amp;#160; The effect of leases on the Consolidated Statements of Income and the Consolidated Statements of Cash Flows is largely unchanged.&amp;#160; The guidance will require additional disclosure&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s regarding key information about leasing arrangements.  This guidance is effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2018.&amp;#160; Early adoption is permitted, and is required to be appli&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed using a modified retrospective approach. &amp;#160;The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Measurement of Credit Losses on Financial Instruments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In June 2016, the FASB issued ASU 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-13, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Measurement of Credit Losses on Financial Instruments&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The standard provides &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;guidance regarding the measurement of credit losses for financial assets and certain other instruments that are not accounted for at fair value through net income, including&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; trade and other receivables, debt securities, net investment in leases, and off-balance sheet credit exposures.  The new guidance requires companies to replace the current incurred loss impairment methodology with a methodology that measures all expected &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;credit losses for financial assets based on historical experience, current conditions, and reasonable and supportable forecasts.  The guidance expands the disclosure requirements regarding credit losses, including the credit loss methodology and credit qua&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lity indicators.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.  E&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;arly adoption is permitted for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;annual reporting periods, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;including interim periods after&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; December 15, 2018&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and will be applied using a modified retrospective approach.  The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Classification of Certain Cash Receipts and Cash Payment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;s on the Statement of Cash Flows&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In August 2016, the FASB issued ASU 2016-15, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The standard provides guidance regarding the classification of certain cash receipts an&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d cash payments on the statement of cash flows, where specific guidance is provided for issues not previously addressed.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after Decemb&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;er 15, 2017&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, with early adoption permitted, and is required to be applied on &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a retrospective approach.  The C&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ompany is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Restricted Cash on the Stateme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;nt of Cash Flows&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In November 2016, the FASB issued ASU 2016-18, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Restricted Cash on the Statement of Cash Flows&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The standard will require t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;he Company to show the changes in total cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows.  Transfers between cash and cash equivalents and restricted cash and restricted cash equivalents will no longer &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;be presented in the statement of cash flows.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, with early adoption permitted, and is required to be applied on&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; a retrospective approach.  The Company is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Clarifying the Definition of a Business&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In January 2017, the FASB issued ASU 2017-01, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Clarifying the Defin&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;ition of a Business&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The standard provides guidance to assist entities with evaluating when a set of transferred assets and activities is a business.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This guidance will be effective for annual reporting periods, including interim reporting within those p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;eriods, beginning after December 15, 2017&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, with early adoption permitted and is required to be applied prospectively.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Simplifying the Test for Goodwill Impairment &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In January 2017, the FASB issued ASU 2017-04, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Simplifying&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt; the Test for Goodwill Impairment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&amp;#160; The standard provides guidance to simplify the subsequent measurement of goodwill by eliminating the second step of the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quantitative&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; test.&amp;#160; The new guidance does not amend the optional qualitative assessment of goodwill &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;impairment.&amp;#160; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.&amp;#160; Early adoption is permitted for interim or annual goodwill impairment tests performed on testin&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;g dates after January 1, 2017.&amp;#160; The guidance is required to be applied prospectivel&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;y.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:DescriptionOfNewAccountingPronouncementsNotYetAdopted>
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  <us-gaap:AccountingChangesAndErrorCorrectionsTextBlock id="ID_750" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;2.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;C&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;HANGE IN ACCOUNTING POLICY&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The new US&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;GAAP accounting policies that are applicable to, and were adopted by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the Company in 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;with &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;no &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;material &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;impact on its con&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;solidated financial statements, are&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; described as follows: &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Consolidation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In February 2015, the Financial Accounting &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Standards Board (&amp;#8220;FASB&amp;#8221;) issued Accounting Standard Update (&amp;#8220;ASU&amp;#8221;) 2015-02, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Consolidation, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;which changes the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities.  Some of the more notable amen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;dments are (1) the identification of variable interests when fees are paid to a decision maker or service provider, (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; All legal entities were subject to re-evaluation under the revised consolidation model.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Interest &amp;#8211; Imputation of Interest&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In April 2015, the FASB issued&amp;#160;ASU 2015-03, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Interest &amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Imputation of Interest&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, which simplifies the presentation of debt issuance co&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sts.&amp;#160; The amendments require debt issuance costs be presented on the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.  The recognition and measurement guidance for debt issuance&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; costs is not affected.&amp;#160; The Company adopted this standard in Q1 2016 and December 31, 2015 balances have been retrospectively restated.  This change resulted in $62 million of debt issuance costs, as at December 31, 2015, previously presented as &amp;#8220;Other lo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ng-term assets&amp;#8221;, being reclassified as a deduction from the carrying amount of the related long-term debt and &amp;#8220;Convertible debentures&amp;#8221; on its Consolidated Balance Sheets.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In accordance with ASU 2015-15 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Interest: Imputation of Interest&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, the Company conti&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nues to present debt issuance costs related to its revolving credit facilities and related instruments in &amp;#8220;Other long-term assets&amp;#8221; on its Consolidated Balance Sheets. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Compensation &amp;#8211; Retirement Benefits&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In April 2015, the FASB issued ASU 2015-04, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Compensa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;tion &amp;#8211; Retirement Benefits, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;which is part of FASB&amp;#8217;s initiative to reduce complexity in accounting standards.&amp;#160; This standard provides certain practical expedients for defined benefit pension or other post-retirement benefit plan measurement dates.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Intangibles &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;&amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Goodwill and Other &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;&amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Internal-Use Software&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In April 2015, the FASB issued ASU 2015-05,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Intangibles &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;&amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt; Goodwill and Other &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;&amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt; Internal-Use Software, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;which provides guidance to customers about whether a cloud computing arrangement includes a softw&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are license.&amp;#160; If a cloud computing arrangement includes a software license, the customer would account for the software license element of the arrangement consistent with the acquisition of other software &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;licenses. &amp;#160;If a cloud computing arrangement does no&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t include a software license, the customer would account for the arrangement as a service contract.&amp;#160; The guidance does not change USGAAP for a customer&amp;#8217;s accounting for service contracts.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Inventory &amp;#8211; Simplifying the Measurement of Inventory&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In July 2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, the FASB issued&amp;#160;ASU 2015-11, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Inventory&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Simplifying the Measurement of Inventory&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&amp;#160; The amendments require an entity to measure inventory &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;at the lower of cost or net realizable value, whereas previously, inventory was measured at the lower of cost or mar&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ket.  The Company early adopted in 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; as permitted.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Derivatives and Hedging &amp;#8211; Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In March 2016, the FASB issued ASU 2016-05, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Derivatives and Hedging Effect of Derivative &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Contract Novations on Existing Hedge Accounting Relationships&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The standard clarifies that a change in the counterparty to a derivative contract, in and of itself, does not require the de-designation of a hedging relationship provided that all other hedge&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; ac&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;counting criteria continue to be met.  The Company early adopted in 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; as permitted.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Investments &amp;#8211; Equity Method and Joint Ventures&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In March 2016, the FASB issued&amp;#160;ASU 2016-07, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Investments &amp;#8211; Equity Method and Joint Ventures&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, which is part of FASB&amp;#8217;s i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nitiative to reduce complexity in accounting standards.  This standard eliminates the requirements of an investor to retroactively account for an investment under the equity method when an &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;investment qualifies for equity method accounting.  The Company ear&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ly adopted in 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; as permitted.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Compensation &amp;#8211; Stock Compensation &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In March 2016, the FASB issued ASU 2016-09, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Compensation &amp;#8211; Stock Compensation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, accounting for forfeitures, classification of awards as either equity or liabilities and presentation on the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;statement of cash flows&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  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  <us-gaap:IncreaseDecreaseInAccountsReceivable id="ID_777" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">-19000000</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage id="ID_778" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesIiMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="pure" decimals="4">0.0707</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <ema:SupplementalCashFlowInformationTextBlock id="ID_779" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;31&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;SUPPLEMENTARY INFORMATIO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;N TO CONSOLIDATED STATEMENTS OF &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;CASH FLOWS&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:13.8pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the                                                                                                                              &lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Changes in non-cash working capital:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Receivables, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (104)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Income taxes receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (23)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Inventory&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Prepayments and other current assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Accounts payable and customer deposits&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  162&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (45)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Income taxes payable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (32)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other current liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total non-cash working capital &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  134&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (102)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Supplemental disclosure of cash paid (received):&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  196&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  124&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Supplemental disclosure of non-cash activities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Common share dividends reinvested&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  78&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Beneficial Conversion Feature of the convertible debentures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:SupplementalCashFlowInformationTextBlock>
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  <us-gaap:EarningsPerShareTextBlock id="ID_874" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;11.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;EARNINGS PER SH&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;ARE&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Basic earnings per share (&amp;#8220;EPS&amp;#8221;) is determined by dividing net income attributable to common shareholders by the weighted average number of common shares and DSUs outstanding during the period.  Diluted EPS is computed by dividing net income attributable&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to common shareholders by the weighted average number of common shares and DSUs outstanding during the period, adjusted for the exercise and/or conversion of all potentially dilutive securities.&amp;#160; Such dilutive items include Company contributions to the se&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nior management stock option plan, convertible debentures and shares issued under the dividend reinvestment plan.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table reconciles the computation of basic and diluted earnings per share:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:112.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars (except per share amounts)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Numerator&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  227.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  397.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Convertible Debentures &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Diluted numerator&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  227.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  397.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Denominator&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average shares of common stock outstanding &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  170.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  144.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average deferred share units outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1.0&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average shares of common stock outstanding &amp;#8211; basic&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  171.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  145.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Stock-based compensation &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Convertible Debentures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted average shares of common stock outstanding &amp;#8211; diluted&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  172.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  146.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Earnings per common share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basic &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1.33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2.72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Diluted&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1.32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2.71&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan id="ID_875" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="CAD" decimals="-6">0</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan id="ID_876" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">1000000</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest id="ID_877" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="CAD" decimals="-6">0</ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest>
  <dei:EntityCentralIndexKey id="ID_878" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">0001127248</dei:EntityCentralIndexKey>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_879" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">244000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:NetIncomeLoss id="ID_880" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">427000000</us-gaap:NetIncomeLoss>
  <us-gaap:IncomeTaxesReceivable id="ID_881" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">12000000</us-gaap:IncomeTaxesReceivable>
  <us-gaap:RegulatoryAssetsNoncurrent id="ID_882" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">1242000000</us-gaap:RegulatoryAssetsNoncurrent>
  <us-gaap:LongTermDebtCurrent id="ID_883" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">274000000</us-gaap:LongTermDebtCurrent>
  <us-gaap:RegulatoryLiabilityCurrent id="ID_884" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">362000000</us-gaap:RegulatoryLiabilityCurrent>
  <us-gaap:RegulatoryLiabilityNoncurrent id="ID_885" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">1277000000</us-gaap:RegulatoryLiabilityNoncurrent>
  <us-gaap:OtherLiabilitiesNoncurrent id="ID_886" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">299000000</us-gaap:OtherLiabilitiesNoncurrent>
  <us-gaap:IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions id="ID_887" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">59000000</us-gaap:IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions>
  <us-gaap:PaymentsForProceedsFromOtherInvestingActivities id="ID_888" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">54000000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
  <us-gaap:ProceedsFromConvertibleDebt id="ID_889" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">681000000</us-gaap:ProceedsFromConvertibleDebt>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_890" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">4200000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_891" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">6704000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:BusinessCombinationDisclosureTextBlock id="ID_892" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;4.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  ACQUISITION&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;TECO ENERGY INC.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On July 1, 2016, Emera acquired all of the outstanding common shares of TECO Energy for $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;27.55 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;USD per common share. The net cash purchase price totaled $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8.4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6.5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion USD), with an aggregate purchase &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;price of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;13.9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion USD), including the assumption of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5.5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4.2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion USD) in US debt on closing. The net cash purchase price was financed through: (i) $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;728&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;560&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD) related to the first instalment of converti&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ble debentures represented by instalment receipts issued in 2015, $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.56 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.2 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion USD) fixed&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-to-floating subordinated notes, $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;500&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;384&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD) in Canadian long-term debt and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4.2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion USD) in US long-term senior &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unsecured notes; (ii) available cash on hand; and (iii) drawings of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.4 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.1 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion USD) on the Company&amp;#8217;s acquisition credit facility.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Total proceeds of the debt, that were not otherwise required to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;complete the acquisition, have been used for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;general corporate purposes.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On August 2, 2016, the convertible debenture Final Instalment Date, Emera received the remaining two thirds of the convertible debenture instalments (note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;), for net proceeds of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.4 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion. These funds were used to repa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;y the Company&amp;#8217;s acquisition credit facility.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO Energy is an energy-related holding company with regulated electric and gas utilities in Florida and New Mexico. TECO Energy&amp;#8217;s holdings include Tampa Electric, an integrated regulated electric utility in W&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;est Central Florida, PGS, a regulated gas distribution utility serving customers across Florida, and NMGC, a regulated gas distribution utility in New Mexico.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The majority of TECO Energy&amp;#8217;s operations are subject to the rate-setting authority of the Feder&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;al Energy Regulatory Commission (&amp;#8220;FERC&amp;#8221;), Florida Public Service Commission (&amp;#8220;FPSC&amp;#8221;), and New Mexico Public Regulation Commission (&amp;#8220;NMPRC&amp;#8221;), and are accounted for pursuant to USGAAP, including the accounting guidance for regulated operations. Except for un&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulated long-term debt acquired and deferred taxes, preliminary fair values of tangible and intangible assets and liabilities subject to these rate-setting provisions approximate their carrying values due to the fact that a market participant would not e&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;xpect to recover any more or less than their net carrying value.  Accordingly, assets acquired and liabilities assumed and pro-forma financial information do not reflect any adjustments related to these amounts. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Acquisition is accounted for in accord&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ance with the acquisition method of accounting. The excess of purchase price over estimated fair values of assets acquired and liabilities assumed has been recognized as goodwill at the acquisition date of July 1, 2016. The goodwill reflects the value paid&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for access to regulated assets, net income and cash flows in growth markets, opportunities for adjacency growth, long-term potential for enhanced access to capital as a result of increased scale and business diversity, and an improved earnings risk profil&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e. The goodwill recognized as part of this transaction is not deductible for income tax purposes, and as such, no deferred taxes have been recorded related to this goodwill.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following table summarizes the preliminary allocation of the purchase conside&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ration to the assets and liabilities acquired as at July 1, 2016 based on their fair values, using the July 1, 2016 exchange rate of $1.00 USD = $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.3009&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; CAD.  The allocation of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the preliminary purchase consideration is considered preliminary due to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;continued evaluation and analysis of deferred income taxes and the allocation of goodwill between reporting units.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:468.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Purchase Consideration&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;8,447&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair value assigned to net assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;619&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;624&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property, plant and equipment, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10,023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other long-term assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(747)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Assumed long-term debt (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(5,409)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory liabilities (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(1,117)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(800)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement liabilities (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(480)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(146)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,638&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair value of net assets acquired&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,676&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5,771&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Includes accounts receivables with fair value of $334 million comprised of gross contract value of $337 million, and $3 million of contractual receivables not expected to be collected. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Goodwill has been preliminarily allocated to the TECO Energy reporting units and is subject to change as additional information is obtained through the purchase price allocation process. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Reporting Unit&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tampa Electric&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,552&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;PGS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  744&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;New Mexico Gas &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5,771&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Goodwill is subject to an annual assessment for impairment at the reporting unit level. Adverse changes in assumptions could result in a material impairment of E&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;mera&amp;#8217;s goodwill&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Acquisition Related Expenses&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Acquisition related expenses totaled $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;250&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($166 million after-tax) and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;76&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($53 million after-tax) for the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;twelve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;months ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and 2015, respectively.  These costs have been recognized in the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Consolidated Statements of Income as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating revenues &amp;#8211; regulated gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating, maintenance, and general&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest expense, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  148&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (84)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (23)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Acquisition related costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  166&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As part of the acquisition the Company has agreed to fund certain commitments in New Mexico.  These commitments include contributions relating to economic development, donations, construction of an enlarged pipeline to the New Mexico/Mexico border, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;establishment of a matching fund to extend gas infrastructure in New Mexico and an annual customer bill reduction credit through June 30, 2018.  For the year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Emera recognized $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million in &amp;#8220;Operating revenues - Regulated gas&amp;#8221; and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;30&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million in &amp;#8220;Operating, maintenance, and general&amp;#8221; associated with these commitments for a total of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;40&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million after-tax).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In addition to the New Mexico commitments, operating, maintenance, and general expenses includes acquisition related leg&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;al, accounting, banking and advisory fees and the accelerated vesting of outstanding stock-based compensation awards.  Other income (expenses), net includes foreign exchange gains on acquisition related transactions.  Interest expense, net includes interes&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t incurred on the convertible debentures represented by instalment receipts and the acquisition credit facility issued for the purpose of financing the TECO Energy acquisition.  In addition, it includes interest for the period between the issuance date and&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the acquisition date on acquisition-related debt and the Beneficial Conversion Feature discount expensed on conversion of the convertible debentures.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Supplemental Pro Forma Data&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The unaudited pro forma financial information below gives effect to the ac&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quisition of TECO Energy as if the transaction had occu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rred at the beginning of 2015.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This pro forma data is presented for information purposes only, and does not purport to be indicative of the results that would have occurred had the acquisition taken p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lace at the beginning of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, nor is it indicative of the results that may be expected in future periods.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Pro forma net income attributable to common shareholders excludes all non-recurring acquisition-related expenses incurred by TECO Energy and Emera a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nd includes adjustments for pro forma financing costs associated with the acquisition.  In addition, net income from TECO Coal, a discontinued operation sold by TECO Energy in 2015 is excluded.  After-tax adjustments increased pro forma net income attribut&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;able to common shareholders by $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;53&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million for the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;twelve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; months ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;twelve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; months ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; after-tax adjustments were a decrease of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;35&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Adjustments to pro forma operating revenues resulted in an increase of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million for the year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, with no adjustment for 2015.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:281.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:150pt;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:281.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:187.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pro forma operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6,034&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,297&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pro forma net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  386&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  584&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:BusinessCombinationDisclosureTextBlock>
  <us-gaap:ComprehensiveIncomeNoteTextBlock id="ID_893" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;12.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;ACCUMULATED OTHER COMPREHEN&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;SIVE INCOME (LOSS)&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:483.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The components of accumulated other comprehensive income are as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:35.25pt;' &gt;&lt;td style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(Losses) gains on derivatives recognized as cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in unrecognized pension and post-retirement benefit costs&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in net investment hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change on available-for-sale investments&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized (loss) gain on translation of self-sustaining foreign operations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total AOCI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (318)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  490&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other comprehensive income (loss) before reclassifications&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (49)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amounts reclassified from accumulated other comprehensive income loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity method reclassification adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (46)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net current period other comprehensive income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (49)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (309)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (49)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  486&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(Losses) gains on derivatives recognized as cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in unrecognized pension and post-retirement benefit costs&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in net investment hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change on available-for-sale investments&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized (loss) gain on translation of self-sustaining foreign operations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total AOCI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (425)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (348)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other comprehensive income (loss) before reclassifications&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  408&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  371&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amounts reclassified from accumulated other comprehensive income loss (gain)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  114&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net current period other comprehensive income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  408&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  485&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (318)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  490&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:474pt;text-align:left;vertical-align:top;border-color:Black;min-width:474pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The reclassifications out of accumulated other comprehensive income (loss) are as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Affected line item in the Consolidated Statements of Income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:84pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:84pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amounts reclassified from AOCI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Losses (gain) on derivatives recognized as cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Power and gas swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating revenue - regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net change in unrecognized pension and post-retirement benefit costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Actuarial losses (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;OM&amp;amp;G&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Past service costs (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;OM&amp;amp;G&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Amounts reclassified into obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement benefits&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  115&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net change in available-for-sale investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other income (expenses), net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Equity method reclassification adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Investments subject to significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total reclassifications out of AOCI, net of tax, for the period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  114&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ComprehensiveIncomeNoteTextBlock>
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  <ema:DividendPaidBySubsidiariesToNonControllingInterest id="ID_912" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="CAD" decimals="-6">0</ema:DividendPaidBySubsidiariesToNonControllingInterest>
  <us-gaap:FairValueDisclosuresTextBlock id="ID_913" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;.  FAIR VALUE MEASUREMENTS &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company is required to determine the fair value of all derivatives except those which qualify for the NPNS exemption (see note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;15&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;), and uses a market approach to do so.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The three levels of the fair value &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hierarchy are defined as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Level 1 - Where possible, the Company bases the fair valuation of its financial assets and liabilities on quoted prices in active markets (&amp;#8220;quoted prices&amp;#8221;) for identical assets and liabilities. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Level 2 - Where quoted pr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ices for identical assets and liabilities are not available, the valuation of certain contracts must be based on quoted prices for similar assets and liabilities with an adjustment related to location differences.  Also, certain derivatives are valued usin&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;g quotes from over-the-counter clearing houses.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Level 3 - Where the information required for a Level 1 or Level 2 valuation is not available, derivatives must be valued using unobservable or internally-developed inputs.  The primary reasons for a Level &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3 classification are as follows:&lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;While valuations were based on quoted prices, significant assumptions were necessary to reflect seasonal or monthly shaping and locational basis differentials.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The term of certain transactions extends beyond the period when&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; quoted prices are available, and accordingly, assumptions were made to extrapolate prices from the last quoted period through the end of the transaction term.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The valuations of certain transactions were based on internal models, although quoted prices wer&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e utilized in the valuations.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivative assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following tables set out the classification of the methodology used&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; by the Company to fair value its derivatives:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  74&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  210&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  229&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:20.25pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards, physical contracts and related transportation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  417&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  434&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest rate swap&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (349)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (199)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  207&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  418&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  332&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  176&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (226)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in the fair value of the Level 3 financial assets for the year ended December 31, 2016 was as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory Deferral&lt;/font&gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:146.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:146.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash Flow Hedges and HFT Derivatives&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Oil Financial derivatives&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;gas &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increase (reduction) in benefit included in regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gains (losses) included in regulatory assets or liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total realized and unrealized gains (losses) included in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net transfers out of Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in the fair value of the Level 3 financial liabilities for the year ended December 31, 2016 was as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:210pt;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory Deferral&lt;/font&gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash Flow Hedges and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT Derivatives&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:210pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Oil Financial derivatives&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;gas &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total realized and unrealized gains (losses) included in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016 &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company evaluate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the observable input of market data on a quarterly basis in order to determine if transfers between levels is appropriate. For the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, transfer&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; from Level 3 to Level 1 were a result of an increase in observable inputs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s Enterprise Risk Management group is responsible for valuation policies, processes and the measurement of fair value.&amp;#160; Fair value accounting rules provide a three level hie&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rarchy that prioritizes the inputs used to measure fair value. When possible, determining fair value is based primarily on observable market inputs in active markets. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Contracts with quoted prices available in active markets and exchanges for identical as&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sets or liabilities are classified as level 1 in the hierarchy. For those contracts whereby pricing inputs are either directly or indirectly observable through markets, exchanges or third party sources, but do not qualify as level 1, are classified as leve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;l 2 in the hierarchy. For a level 3 classification, the processes and methods of measurement for third-party pricing information and illiquid markets are developed with input and using the market knowledge of the trading operations within Emera and its aff&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;iliates.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Significant unobservable inputs used in the fair value measurement of Emera&amp;#8217;s natural gas and power derivatives includes third-party-sourced pricing for instruments based on illiquid markets; internally developed correlation factors and basis dif&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ferentials; own credit risk; and discount rates. Internally developed correlations and basis differentials are reviewed on a quarterly basis based on statistical analysis of the spot markets in the various illiquid term markets.&amp;#160; Where possible, Emera also&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; sources multiple broker prices in an effort to evaluate and substantiate these unobservable inputs.&amp;#160; Discount rates may include a risk premium for those long-term forward contracts with illiquid future price points to incorporate the inherent uncertainty &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of these points.&amp;#160; Any risk premiums for long-term contracts are evaluated by observing similar industry practices and in discussion with industry peers. Significant increases (decreases) in any of these inputs in isolation would result in a significantly l&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ower (higher) fair value measurement.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following table outlines quantitative information about the significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Valuation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Technique &lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Range &lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted average&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral &amp;#8211; Financial &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$69.64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$69.64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;oil derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.80%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.80%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.41 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$3.87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Natural gas swaps,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;futures, forwards,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.32%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.05%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.83 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$6.16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;and related transportation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basis adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(0.11)% - 0.64%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.39%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.05%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.10%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  386&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.55 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$6.26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Natural gas swaps, futures, &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Own credit risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.14%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.02%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.83 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basis adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(0.11)% - 0.64%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.27%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Own credit risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.05%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.10%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (349)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:327pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:327pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Valuation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Technique &lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Range &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted average&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral &amp;#8211; Physical &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.15 - $6.21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$26.27 - $129.20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$70.45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Power swaps and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Correlation factor&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.98% - 1.00% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.99%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.02%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.15% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.13 - $9.12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$3.26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.10% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.33% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.04%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.25 - $15.74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$6.19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basis adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(0.06)% - 0.95%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.68%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.09% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.08% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$26.27 - $129.20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$70.82&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Power swaps and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Correlation factor&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.98% - 1.00% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.99%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Own credit risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.02%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.15% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$0.74 - $10.59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.58&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Natural gas swaps,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.03% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.12% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (226)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:24.75pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:427.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:427.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The financial assets and liabilities included on the Consolidated Balance Sheets that are not measured at fair value consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:111pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:219.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:219.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Carrying Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term debt (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14,744&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15,723&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14,843&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  802&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15,723&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:111pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:219.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:219.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Carrying Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term debt (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,009&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,487&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,841&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  646&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The fair values of long-term debt instruments, classified as level 1 in the fair value hierarchy, are valued using unadjusted quoted closing market prices that are traded in active markets. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Those classified as level 2 are valued either by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;using recent &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quoted market prices for the instrument where the instrument is not frequently traded, by using quoted closing market prices for similar issues that are frequently traded in an active market or by using quoted market prices and applying estimated credit sp&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;reads, provided by third-party pricing services, to the par value of the security. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Those classified as level 3 are valued by discounting the future cash flows of the specific debt instrument &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;at an estimated yield to maturity equivalent to benchmark gover&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nment bonds with similar terms to maturity, plus a credit risk premium equal to that of issuers of similar credit quality.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has designated $1.2 billion United States dollar dominated Hybrid Notes as a hedge of the foreign currency exposure of i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ts ne&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9.5pt;' &gt;t investment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in United States dollar denominated operations.  A foreign currency loss of $49 million was recorded in Other Comprehensive Income for the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;twelve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; months ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; nil). There was no ineffectiveness for the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;twelve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;months ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; nil). &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;All other financial assets and liabilities, such as cash and cash equivalents, restricted cash, accounts receivable, short-term debt and accounts payable, are carried at cost.  The carrying value approximates&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; fair value due to the short-term nature of these financial instruments.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:ScheduleOfRegulatoryAssetsAndLiabilitiesTextBlock id="ID_914" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;17.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  REGULATORY &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;Assets and Liabilities&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Regulatory assets represent incurred costs that have been deferred because it is probable that they will be recovered through future rates or tolls collected from customers.  Management believes that existing regulatory assets are probable for recovery &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;either because the Company received specific approval from the appropriate regulator, or due to regulatory precedent established for similar circumstances.  If management no longer considers it probable that an asset will be recovered, the deferred costs a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;re charged to income.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Regulatory liabilities represent obligations to make refunds to customers or to reduce future revenues for previous collections.  If management no longer considers it probable that a liability will be settled, the related amount is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; recognized in income.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;For regulatory assets and liabilities that are amortized, the amortization is as approved by the respective regulator.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera Florida and New Mexico&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Tampa Electric and PGS are regulated separately by the FPSC. Tampa Electric is a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lso subject to regulation by the FERC. In general, the FPSC sets rates at a level that allows utilities such as Tampa Electric and PGS to collect total revenues or revenue requirements equal to their cost of providing service, plus an appropriate return on&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; invested capital.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NMGC is subject to regulation by the NMPRC. The NMPRC sets rates at a level that allows NMGC to collect total revenues equal to their cost of providing service, plus an appropriate return on invested capital. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Base Rates - Tampa Elect&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;' &gt;ric &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Tampa Electric&amp;#8217;s target regulated return on equity (&amp;#8220;ROE&amp;#8221;) range is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;B&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ased on a Stipulation and Settlement Agreement in 2013 Tampa Electric w&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ould &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;receive a revenue increase of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;110&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD effective January 1, 2017&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; or the date Tampa Electric&amp;#8217;s Polk Power Station goes into service, whichever is later. The expansion of Polk Power Station went into service on January 17, 2017.  The agreement also provides that Tampa Electric&amp;#8217;s allowed regulatory ROE would remain in pla&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ce with a potential increase of the midpoint to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.50 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent from &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent if U.S. Treasury bond yields exceed a specified threshold. This agreement provides that Tampa Electric cannot file for additional rate increases until 2017 (to be effective &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;no sooner than January 1, 2018), unless its earned ROE were to fall below &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent (or &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.5 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent if the allowed ROE is increased as described above) before that time. If its earned ROE were to rise above &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent (or &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent if the allo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;wed ROE is increased as described above) any party to the agreement other than Tampa Electric could seek a review of its base rates. Under the agreement, the allowed equity in the capital structure is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;54&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent from investor sources of capital. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Base &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;' &gt;Rates - PGS&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;PGS&amp;#8217;s base rates were based upon an ROE of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent, with a range between &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In December 2016, PGS entered into a settlement agreement with the Office of Public Counsel (&amp;#8220;OPC&amp;#8221;) regarding its filed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;depreciation study.  The settlement agreement resulted in new depreciation rates that reduce annual depreciation by $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD in 2016 and accelerated the amortization of the regulated asset related to the Manufactured Gas Plant (&amp;#8220;MGP&amp;#8221;) environmental &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;remediation costs.  In addition, the bottom of the ROE range was decreased from 9.75 per cent to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.  The new bottom of the range will remain until the earlier of new base rates established in PGS&amp;#8217;s next general rate proceeding or December 31, 2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;020.  The top of the range will continue to be &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.75&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent and the ROE of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent will continue to be used for the calculation of return on investment for clauses.  On February 7, 2017 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the FPSC approved the settlement agreement.  No change in cus&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tomer rates resulted from this agreement.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As part of the settlement, PGS and OPC agreed that at least $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;32&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD of PGS&amp;#8217;s regulatory asset associated with the environmental liability for current and future remediation costs related to former MGP site&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s will be amortized over the period 2016 through 2020.  At least $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;21&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD will be amortized over a two year recovery period beginning in 2016.  In 2016, PGS recorded $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD of this amortization.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Base Rates&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;' &gt;NMGC&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NMGC&amp;#8217;s base rates were es&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tablished in 2012 through a settlement agreement.  As a condition of the 2016 NMPRC order (the &amp;#8220;Order&amp;#8221;) approving the acquisition of TECO Energy, NMGC will not seek an increase in base rates to be effective prior to December 31, 2017, and NMGC will continu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e to provide an annual bill reduction credit of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD through June 30, 2018.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;NSPI&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI is a public utility as defined in the Public Utilities Act of Nova Scotia (the &amp;#8220;Act&amp;#8221;) and is subject to regulation under the Act by the UARB.  The Act gives &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the UARB supervisory powers over NSPI&amp;#8217;s operations and expenditures.  Electricity rates for NSPI&amp;#8217;s customers are also subject to UARB approval.  NSPI is not subject to a general annual rate review process, but rather participates in hearings held from time&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to time at NSPI&amp;#8217;s or the UARB&amp;#8217;s request.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI is regulated under a cost-of-service model, with rates set to recover prudently incurred costs of providing electricity service to customers, and provide an appropriate return to investors.  NSPI&amp;#8217;s target r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;egulated ROE range for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;was &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8.75&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent based on an actual five quarter average regulated common equity component of up to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;40&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.  NSPI has a FAM, which enables it to seek recovery of Fuel Costs through regularly&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; scheduled rate adjustments.  Differences between actual Fuel Costs and amounts recovered from customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a subsequent yea&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 18, 2015, the Province enacted the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Electricity Plan Implementation (2015) Act, (&amp;#8220;Electricity Plan Act&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, which required NSPI to file a three-year stability plan for Fuel Costs and a General Rate Application (&amp;#8220;GRA&amp;#8221;) for non-fuel costs if req&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;uired by April 30, 2016.  On March 7, 2016, NSPI announced that it would not file a GRA related to non-fuel electricity rates for the 2017 to 2019 period and NSPI filed the stability plan for Fuel Costs with the UARB for 2017 through 2019.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On July 19, 2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;016, the UARB approved a Consensus Agreement between NSPI and customer representatives related to the Rate Stability Plan fuel costs for 2017 through 2019 which resulted in an average annual increase of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.1 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent for each of these three years.  Subseque&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ntly, certain customer representatives requested changes resulting in amended rates that were approved by the UARB on November 15, 2016 and result in an average annual rate increase of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.0 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent for each of these three years.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In December 2015, the UARB&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; approved NSPI&amp;#8217;s 2016 base cost of fuel and its recovery of prior period unrecovered Fuel Costs.  The approved customer rates reset the base cost of fuel rates for 2016.  In addition, $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;12&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million was recovered of prior years&amp;#8217; unrecovered Fuel Costs in 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  This resulted in a combined average rate decrease for customers of approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent in 2016.  The rates and recovery of these costs began on January 1, 2016.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 21, 2016, the UARB approved a settlement agreement between NSPI and custom&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;er representatives which resolved all issues related to the 2014 and 2015 FAM Audit and an issue that would impact future periods.  As a result of this settlement agreement, NSPI agreed to forego $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million of any incentive payment as a result of 2016 fuel&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; costs savings achieved by the Company.  NSPI &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;achieved a $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2.8 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million incentive payment for 2016 and contributed that plus an additional $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0.2 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million to the benefit of customers.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 12, 2016, the UARB approved NSPI&amp;#8217;s application to refund over-re&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;covered fuel costs in 2016 to customers.  The over-recovered fuel costs balance at the end of 2016 will be refunded to customers through a one-time credit on their bills prior to April 30, 2017 and will be based on individual electricity usage in 2016.  Th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e balance to be refunded to customers is approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;36&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;FAM and fixed cost deferrals recognized in the 2016 and 2015 Consolidated Statement of Income consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:149.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:149.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(Over) under recovery of current period Fuel costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Recovery from customers of prior years&amp;#8217; Fuel costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  56&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Application of non-fuel revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fixed cost deferral related to 2015 demand side management&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fuel adjustment mechanism&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera Maine&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera Maine&amp;#8217;s core businesses are the transmission and distribution of electricity, with distribution operations and stranded cost recoveries regulated by the Maine Public Utilities Commission (&amp;#8220;MPUC&amp;#8221;). The transmission operations are &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulated by the FERC.  The rates for these three elements are established in distinct regulatory proceedings.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Distribution Operations&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera Maine&amp;#8217;s distribution businesses operate under a traditional cost-of-service regulatory structure, and distribution rates are set by the MPUC.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 21, 2016, Emera Maine&amp;#8217;s distribution rates increased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent, including the recovery&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, over five years, of approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD of costs associated with a major storm in Maine in 2014.  Also, effective December 22, 2016 the allowed ROE became &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.00&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent on a common equity component of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;49&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Transmission Operations&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;There&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; are two transmission districts in Emera Maine, corresponding to the service territories of the two pre-merger entities.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Bangor &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Hydro &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;District&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Bangor &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Hydro &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;District (the franchise electric service territory associated with the former Bangor Hydro &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Electric Company in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; portions of the Maine counties of Penobscot, Hancock, Washington, Waldo, Piscataquis, and Aroostook)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;local transmission rates &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are regulated by the FERC and set annually on June 1, based on a formula utilizing prior year actual transmiss&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ion investments, adjusted for current year forecasted transmission investments.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Effective June 1, 201&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, transmission rates for the Bangor Hydro district increased by approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent in connection with its annual transmission formula rate filing (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;201&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; increased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;21&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent).  The increase is associated primarily with the recovery of increase&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d transmission plant in service and as a result of the prior year tariff rate including a rate refund related to the aforementioned FERC ROE decision.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Ban&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;gor &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Hydro &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;District&amp;#8217;s bulk transmi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ssion assets are managed by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ISO-New England (&amp;#8220;ISO-NE&amp;#8221;) as part of a region-wide pool of assets. ISO-NE manages the region&amp;#8217;s bulk power generation and transmission systems and administers the open access transmission tariff.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  Currently, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the Bangor Hydro District&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, along with all other participating transmission providers, recovers the full cost of service for its transmission assets from the customers of participating transmission providers in New England, based on a regional &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;FERC approved formula that is updated June 1 each year.  This formula is based on prior year regionally funded transmission investments, adjusted for curren&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t year forecasted investments.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The participating transmission providers are also required to contri&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;bute to the cost of service of such transmission assets on a ratable basis according to the proportion of the total New England load that their customers represent.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 1, 201&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, Bangor District&amp;#8217;s regionally recoverable transmission investments and ex&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;penses &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;creased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent (201&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;de&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;creased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;MPS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt; District&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;MPS District (the franchise electric service territory associated with the former Maine Public Service Company in northern Maine) local transmission rates &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are regulated by the FERC and are set annually on June 1 for wholesale and July 1 for retail customers based on a formula utilizing prior year actual transmission investments and expenses, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;adjusted for current year forecasted investments&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&amp;#160; The current allo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;wed ROE for transmission operations is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.2 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent. The common equity component is based upon the prior calendar year actual average &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;balances.&amp;#160; Effective June 1, 2016 the transmission rates for the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Maine Public Service district increased by approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;43&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent for wholesale customers (2015 - decreased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent) and on July 1, 2016 increased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;36&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent for retail customers (2015 - decreased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;22&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent) in connection with its annual transmission formula rate filing.  These increases were &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;primarily due to an increase in the recovery of increased transmission plant in service.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The MPS District electric service territory is not connected to the New England bulk power system and it is not a member of ISO-NE.&amp;#160; MPS District is not a party to the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; previously discussed ROE complaints at the FERC.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' &gt;Stranded Cost Recoveries&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Stranded cost recoveries in Maine are set by the MPUC.  Electric utilities are &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;permitted&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to recover all prudently incurred stranded costs resulting from the restructuring of the industry in 2000 that could not be mitigated or that arose as a result of rate and accounting orders issued by the MPUC.  Unlike transmission and distribution operati&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;onal assets, which are generally sustained with new investment, the net stranded cost regulatory asset pool diminishes over time as elements are amortized through charges to income and recovered through rates.  Generally, regulatory rates to recover strand&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed costs are set every three years, determined under a traditional cost-of-service approach and are&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; fully recoverable.  Each year&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, stranded cost rates in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;each&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; District are &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;evaluated for a potential rate change on July 1 to recover cost deferrals &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for the pr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ior stranded costs rate year under the full recovery mechanism, as well as factor in any new stranded cost information.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Bangor &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;Hydro &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;District&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Bangor District&amp;#8217;s net regulatory assets primarily include the costs associated with the restructuring of an &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;above-market power purchase contract and deferrals associated with reconciling stranded costs.  These net regulatory assets total approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.4 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million as at December 31, 2016 (2015 &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;19.7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) or &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.0 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent of Emera Maine&amp;#8217;s net asset base (20&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;15 &amp;#8211; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.8 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Bangor Hydro District is currently undergoing a stranded cost rate proceeding with the MPUC to set rates for the period March 1, 2017 to February 28, 2020.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;While the stranded cost revenue requirements differ throughout the period &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;due to changes in annual stranded costs, the actual annual stranded cost revenues are the same during the period. To stabilize the impact of the varying revenue requirements, cost or revenue deferrals are recorded as a regulatory asset or liability, and&amp;#160;ad&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;dressed in subsequent stranded cost rate proceedings, where customer rates are adjusted accordingly.&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;MPS District&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Effective January 1, 2015, the stranded cost rates for the Maine Public Service district decreased by approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;150&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.  This was&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; principally due to the flow-back to customers of certain benefits received by Emera Maine from Maine Yankee associated with litigation with the United States Department of Energy on nuclear waste disposal. The allowed ROE used in setting the new rates on &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;January 1, 2015 was &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent, with a common equity component of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;48&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;On July 1, 2016, stranded cost rates further decreased by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7.6&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;% to flow back over-collections associated with stranded cost reconciliation deferrals.  The allowed ROE remaine&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d consistent with the January 1, 2015 rate change.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The reduced stranded cost revenues are offset by reductions in expense and do not affect earnings. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Maine Public district is currently undergoing a stranded cost rate proceeding with the MPUC to set ra&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tes for the period March 1, 2017 to February 28, 2020.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;The Barbados Light &amp;amp; Power Company&amp;#160;Limited&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;BLPC is a vertically integrated utility and provider of electricity on the island of Barbados.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;BLPC is subject to regulation under the Utilities Regulation (Procedural) Rules 2003 by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Fair Trading &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Commission&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&amp;#8220;The Rules&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, Barbados, an independent regulator.  The Rules give the Fair Trading Commission, Barbados utility regulation functions&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; which include establishing principles for arriving at rates to be charged, monitoring the rates charged to ens&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ure compliance, and setting the maximum rates for regulated utility services.  The government of Barbados has granted BLPC a franchise to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;generate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, transmit and distribute electricity on the island until 2028.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;BLPC is regulated under a cost-of-service mod&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;el, with rates set to recover prudently incurred costs of providing electricity service to customers, and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;provide&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; an appropriate return to investors.  BLPC&amp;#8217;s approved regulated return on &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rate base&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;was&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cent.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;All BLPC fuel cos&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ts are passed to customers through the fuel &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;pass-through mechanism which provides the opportunity to recover all fuel costs in a timely manner&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The Fair Trading Commission, Barbados has approved the calculation of the fuel charge, which is adjusted on a m&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;onthly basis.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Dominica Electricity Services Ltd&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Domlec is an integrated utility on the island of Dominica and is regulated by the Independent Regulatory Commission, Dominica.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On October 7, 2013, the Independent Regulatory Commission, Dominica issued a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Transmission, Distribution &amp;amp; Supply License and a Generation License, both of which came into effect on January 1, 2014, for a period of 25 years.&amp;#160; Domlec&amp;#8217;s approved allowable regulated return on rate base for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;was &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;15&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Domlec &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;fuel costs are passed to customers through a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;fuel pass-through mechanism which provides the opportunity to recover substantially all fuel costs in a timely manner&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:12pt;' &gt;
&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Grand Bahama Power Company Limited&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;GBPC is a vertically&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;integrated utility and sole provid&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;er of electricity on Grand Bahama Island.  The Grand Bahama Port Authority (&amp;#8220;GBPA&amp;#8221;) regulates the utility and has granted GBPC a licensed, regulated and exclusive franchise to produce, transmit and distribute electricity on the island until 2054.  There is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; a fuel pass through mechanism and flexible tariff adjustment policy to ensure that &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;fuel &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;costs are recovered and a reasonable return earned.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; GBPC&amp;#8217;s approved regulated return on rate base was &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8.8 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In October 2016, the island of Grand Bahama took a direct hit from Hurricane Matthew.  GBPC&amp;#8217;s generation and substation infrastructure weathered the storm well, however over &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2,100 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;transmission and distribution poles and related conduit were damaged or dest&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;royed, as were many connections to customer homes.  Restoration efforts have been completed.  GBPC has recorded $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;28 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million USD of restoration costs associated with Hurricane Matthew with no impact to net income.  $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;21&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD has been recorded as a reg&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ulated asset amortized over five years and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD recorded as property plant and equipment depreciating at an average 27 years.  Both assets are included in Rate Base.  The GBPA has approved full recovery of the storm restoration costs in this mann&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;er.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In December 2016, the GBPA approved that over a five year period, 2017 to 2021, the all-in rate for electricity (fuel and base rates) will be held at 2016 levels.  Any over-recovery of fuel costs during this period will be applied to the Hurricane Mat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;thew regulatory deferral, until such time as the deferral is recovered.  Should GBPC recover funds in excess of the Hurricane Matthew regulatory deferral, the excess will be placed in a new storm reserve.  If balances remain within the Hurricane Matthew de&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ferral at the end of five years, GBPC will have the opportunity to request recovery from customers in future rates.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Brunswick Pipeline &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Brunswick Pipeline is a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;145&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-kilometre pipeline delivering natural gas from the Canaport&amp;#8482; re-gasified liquefied natural&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; gas (&amp;#8220;LNG&amp;#8221;) import terminal near Saint John, New Brunswick to markets in the northeastern United States.  Brunswick Pipeline entered into a 25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;year firm service agreement commencing in July 2009 with Repsol Energy Canada.  The pipeline is considered a Gro&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;up II pipeline regulated by the National Energy Board (&amp;#8220;NEB&amp;#8221;).  The NEB Gas Transportation Tariff is filed by Brunswick Pipeline in compliance with the requirements of the NEB Act and sets forth the terms and conditions of the transportation rendered by Br&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unswick Pipeline.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Regulatory Assets and Liabilities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Regulatory assets and liabilities consisted of the following: &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income tax regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  431&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement medical plan&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Environmental remediations &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unamortized defeasance costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015 demand side management deferral  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;GBPC Hurricane Matthew restoration&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Stranded cost recovery&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Debt basis adjustment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferrals related to derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cost-recovery clauses &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred bond refinancing costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fuel adjustment mechanism  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,322&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  605&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,322&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accumulated reserve - cost of remova&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;l &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  990&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferrals related to derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cost-recovery clauses &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  153&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fuel adjustment mechanism  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Transmission and delivery storm reserve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Self-insurance fund  (notes 7 and 33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income tax regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bill reduction credit&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(note 4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,639&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  465&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  362&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,639&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  465&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Deferred Income Tax Regulatory Asset and Liability&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;To the extent deferred income taxes are expected to be recovered from or returned to customers in future rates, a regulatory asset or liability is recognized, unless specifically directed otherwise by a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulator.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Pension and Post-Retirement Medical Plan &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This asset is primarily related to the deferred costs of pension and postretirement benefits at Emera Florida and New Mexico. It is included in rate base and earns a rate of return as permitted by th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e FPSC or NMPRC, as applicable. It is amortized over the remaining service life of plan participants.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Environmental Remediation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This asset is primarily related to Peoples&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Gas costs associated with the environmental remediation at manufactured gas plant&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; sites&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. The balance is included in rate base, partially offsetting the related liability, and earns a rate of return as permitted by the FPSC. The timing of recovery is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;based on a settlement agreement approved by the FPSC.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Unamortized Defeasance Costs&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Up&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;on privatization in 1992, NSPI became responsible for managing a portfolio of defeasance securities held in trust that provide the principal and interest streams to match the related defeased debt, which as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, totaled $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0.8 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0.8 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion).  The excess of the cost of defeasance investments over the face value of the related debt is deferred on the balance sheet and amortized over the life of the defeased debt as approved by the UARB.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;2015 DSM Deferral&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Effective January 1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015, NSPI must purchase electricity efficiency and conservation activities (&amp;#8220;Program Costs&amp;#8221;) from EfficiencyOne, the provincially appointed franchisee to deliver energy efficiency programs to Nova Scotians.  The 2015 Program Costs were deferred to a regul&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;atory asset and are recoverable from customers over an eight-year period which began in 2016.  The UARB directed EffficiencyOne to review the financing options through which they would borrow the 2015 deferral amount from a commercial lender in order to re&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;pay NSPI the amount it expended on behalf of its customers in 2015.  On December 2, 2016, EffficiencyOne secured the financing and advanced funds to NSPI to finance the 2015 DSM deferral.  This was set up as a payable on the consolidated balance sheet, inc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;luded in current and long-term other liabilities.  As NSPI collects the associated amounts from customers over the next seven years, it will repay the balance to EfficiencyOne thereby reducing the liability.  The 2016 annual DSM costs have not been deferre&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d and have been charged to earnings.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Hurricane Matthew Restoration&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This asset represents restoration costs incurred by GBPC associated with Hurricane Matthew.    The asset is being amortized over five years and is included in rate base.  The GBPA has approved full recovery of storm &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;restoration costs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Stranded Cost Recovery&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Due to the decommissioning of a steam turbine in GBPC during 2012, the GBPA approved the recovery of a $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;21&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD stranded cost through electricity rates; it is included in rate base for 2016 to 2018. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Debt&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Basis Adjustment&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;asset represents the difference between the fair value and pre-merger carrying amounts for NMGC&amp;#8217;s long-term debt on the date TECO Energy acquired NMGC. In accordance with purchase accounting standards, NMGC&amp;#8217;s long-term debt was valued at fair value on the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Consolidated Balance Sheets. In accordance with the stipulation agreement with the NMPRC, an offsetting regulatory asset was recorded in order to eliminate the effects of purchase accounting on rate payers. The asset does not earn a return and is not inclu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ded in the regulatory capital structure. It is amortized over the term of the related debt instrument.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Deferrals Related to Derivative Instruments  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Tampa Electric, PGS, NMGC, NSPI and GBPC defer changes in fair value of derivatives that are documented a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s economic hedges or that do not qualify for NPNS exemption, as a regulatory asset or liability. The realized gain or loss is recognized when the hedged item settles in fuel for generation and purchased power or inventory, depending on the nature of the it&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;em being economically hedged.  Tampa Electric deferrals related to derivative instruments are recovered through cost-recovery mechanisms on a dollar-for-dollar basis in the year following the settlement of the derivative position.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:11pt;' &gt;    &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Cost Recovery Claus&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;es &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;These assets and liabilities are related to FPSC and NMPRC clauses and riders.  They are recovered or refunded through cost-recovery mechanisms approved by FPSC or NMPRC, as applicable, on a dollar-for-dollar basis in the next year.  In the case of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the regulatory asset related to derivative liabilities, recovery occurs in the year following the settlement of the derivative position.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Deferred Bond Refinancing Costs&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This asset represents Tampa Electric and NMGC past costs associated with refinancing &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;debt.  It does not earn a return but is instead included in the capital structure, which is used in the calculation of the weighted average cost of capital used to determine revenue requirements.  It is amortized over the term of the related debt instrumen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ts.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Fuel Adjustment Mechanism&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Differences between actual Fuel Costs and amounts recovered from NSPI customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a subsequ&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ent year.  The 2016 FAM liability is recorded as a current FAM liability of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;32&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million, to be applied in 2017 and a long-term FAM liability of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;62&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million to be returned to customers during the 2018 through 2019 period as legislated.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Accumulated Reserve &amp;#8211; Cost of Removal &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This regulatory liability represents the non-ARO &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ost of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;R&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;emoval&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&amp;#8220;COR&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in the accumulated reserve for depreciation &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Tampa Electric and NSPI.  AROs are costs for legally required removal of property, plant and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;equipment.  Non-ARO COR represent estimated funds received from customers through depreciation rates to cover future non-legally required cost of removal of property, plant and equipment, net of salvage value upon retirement, which reduces rate base for ra&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;temaking purposes&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:12pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;This liability is reduced as COR are incurred and increased as depreciation is recorded for existing assets and as new assets are put into service.  Prior to July 1, 2016, NSPI presented COR as a deduction in the carrying value of proper&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ty, plant and equipment as part of accumulated depreciation.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  The total amount reclassified as at December 31, 2015 was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;94&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Transmission and Delivery Storm Reserve&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The storm reserve is for hurricanes &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and other named storms that cause significant&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; damage to Tampa Electric&amp;#8217;s system.  Tampa Electric can petition the FPSC to seek recovery of restoration costs over a 12-month period, or longer, as determined by the FPSC, as well as replenish its reserve to the current level.  As a result of several nam&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed storms including Tropical Storm Colin, Hurricane Hermine and Hurricane Matthew, Tampa Electric incurred $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million of storm costs in 2016 and 2015.  On January 31, 2017, Tampa Electric petitioned the FPSC to seek full recovery of those costs as a surch&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;arge to customers during the five month period ended December 31, 2017.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Bill Reduction Credit&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;This &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulatory &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;liability represents NMGC&amp;#8217;s stipulation agreement included a commitment to provide an annual bill reduction credit to customers&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD per year through June 30, 2018&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, as part of Emera&amp;#8217;s acquisition of TECO Energy.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:ScheduleOfRegulatoryAssetsAndLiabilitiesTextBlock>
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  <us-gaap:SegmentReportingDisclosureTextBlock id="ID_936" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;5.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  SEGMENT INFORMATION&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera manages its reportable segments separately due in part to their different geographical, operating and regulatory environments.  Segments are reported based on each subsidiary&amp;#8217;s contribution of revenues, net income &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;attributable to common shareholders and total assets as reported to the Company&amp;#8217;s chief operating decision maker.   &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Emera has six reportable segments, specifically:&lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Florida and New Mexico (includes TEC, consisting of two divisi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ons:&amp;#160; Tampa Electric and PGS, NMGC, their parent company TECO Energy, and TECO Finance, a wholly owned financing subsidiary of TECO Energy);&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NSPI; &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Maine; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Caribbean (ECI and its subsidiaries including BLPC, Domlec, GBPC, and an equity investme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nt in Lucelec); &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Energy (Emera Energy Services, NEGG Facilities, Bayside Power, Brooklyn Energy and an equity investment in Bear Swamp); and&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Corporate and Other (Emera Utility Services, ENL, Emera Brunswick Pipeline, Corporate, other strategic invest&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ments and holding companies).&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera Florida&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Corporate &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and New&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;segment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Mexico (2)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Maine&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Caribbean&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Energy&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2016 &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Operating revenues from external customers (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,356&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  297&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  298&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-segment revenues (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,356&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  297&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (36)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Allowance for funds used during construction - debt and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Regulated fuel and fixed cost deferral adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  125&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  600&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Internally allocated interest (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (53)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (118)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (110)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (112)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Capital expenditures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  547&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  304&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,069&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2016 &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  18,016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,776&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,543&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,331&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,702&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,966&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (113)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  29,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Investments subject to significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  895&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  947&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  5,957&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  6,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21.95pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power.  Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) Corporate and Other Interest expense has been reduced by amortization of $13 million related to the unregulated long-term debt fair market value adjustment recognized on the acquisition of TECO Energy.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4) Segment net income is reported on a basis that includes internally allocated financing costs. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera Florida&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Corporate &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and New&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;segment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Mexico (2)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Maine&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Caribbean&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Energy&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2015 &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Operating revenues from external customers (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,417&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  284&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  442&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  578&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  68&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,787&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-segment revenues (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,417&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  284&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  450&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  590&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Allowance for funds used during construction - debt and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Regulated fuel and fixed cost deferral adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  206&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  340&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  222&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Internally allocated interest (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  84&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Capital expenditures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2015 &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  4,721&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,558&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,919&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,663&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (225)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Investments subject to significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,094&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  158&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power.  Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) Segment net income is reported on a basis that includes internally allocated financing costs. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Geographical Information&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Revenues(1):&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,510&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,546&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,348&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  786&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Barbados&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  254&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  259&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;The Bahamas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Dominica&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(1) Revenues are based on country of origin of the product or service sold&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property Plant and Equipment:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3,791&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,672&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12,724&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,034&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Barbados&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  416&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  402&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;The Bahamas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  295&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  299&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Dominica&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  62&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17,290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:DividendsCommonStockCash id="ID_937" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="CAD" decimals="-6">0</us-gaap:DividendsCommonStockCash>
  <us-gaap:DividendsPreferredStockCash id="ID_938" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">30000000</us-gaap:DividendsPreferredStockCash>
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="ID_939" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">2000000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <ema:AcquisitionNonControllingInterest id="ID_940" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">-54000000</ema:AcquisitionNonControllingInterest>
  <us-gaap:MinorityInterestDecreaseFromRedemptions id="ID_941" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="CAD" decimals="-6">0</us-gaap:MinorityInterestDecreaseFromRedemptions>
  <us-gaap:Revenues id="ID_942" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_MajorCustomersAxis_ema_AllExternalCustomersMember_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" unitRef="CAD" decimals="-6">69000000</us-gaap:Revenues>
  <us-gaap:InvestmentIncomeInterest id="ID_943" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">2000000</us-gaap:InvestmentIncomeInterest>
  <us-gaap:AllowanceForFundsUsedDuringConstructionInvestingActivities id="ID_944" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraFloridaAndNewMexicoSegmentMember" unitRef="CAD" decimals="-6">0</us-gaap:AllowanceForFundsUsedDuringConstructionInvestingActivities>
  <us-gaap:InvestmentIncomeInterest id="ID_945" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_NovaScotiaPowerIncSegmentMember" unitRef="CAD" decimals="-6">5000000</us-gaap:InvestmentIncomeInterest>
  <us-gaap:NetIncomeLoss id="ID_946" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraMaineSegmentMember" unitRef="CAD" decimals="-6">45000000</us-gaap:NetIncomeLoss>
  <us-gaap:Goodwill id="ID_947" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" unitRef="CAD" decimals="-6">0</us-gaap:Goodwill>
  <us-gaap:CostOfDomesticRegulatedGasRevenue id="ID_948" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">0</us-gaap:CostOfDomesticRegulatedGasRevenue>
  <us-gaap:OperatingIncomeLoss id="ID_949" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">508000000</us-gaap:OperatingIncomeLoss>
  <us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax id="ID_950" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">-27000000</us-gaap:OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax>
  <us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax id="ID_951" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">3000000</us-gaap:OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax>
  <us-gaap:Assets id="ID_952" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">29221000000</us-gaap:Assets>
  <us-gaap:AssetRetirementObligationsNoncurrent id="ID_953" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">170000000</us-gaap:AssetRetirementObligationsNoncurrent>
  <us-gaap:AdditionalPaidInCapital id="ID_954" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">29000000</us-gaap:AdditionalPaidInCapital>
  <us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction id="ID_955" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">22000000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
  <us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction id="ID_956" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">2000000</us-gaap:IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction>
  <us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations id="ID_957" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-9105000000</us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations>
  <us-gaap:DividendsPreferredStockCash id="ID_958" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">0</us-gaap:DividendsPreferredStockCash>
  <us-gaap:DividendsPreferredStockCash id="ID_959" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="CAD" decimals="-6">0</us-gaap:DividendsPreferredStockCash>
  <ema:DividendPaidBySubsidiariesToNonControllingInterest id="ID_960" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" unitRef="CAD" decimals="-6">2000000</ema:DividendPaidBySubsidiariesToNonControllingInterest>
  <us-gaap:EquityMethodInvestmentsDisclosureTextBlock id="ID_961" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;6.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE AND EQUITY INCOME&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Investments subject to significant influence consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:115.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:115.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity Income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Carrying Value&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:115.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:115.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:115.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:115.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Ownership&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;LIL &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  400&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  62.7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPML&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  188&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  100.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;M&amp;amp;NP&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  189&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Lucelec &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  19.1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;APUC  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  504&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bear Swamp&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  50.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  947&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,145&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Emera indirectly owns 100 per cent of the Class B units, which comprises 24.9 per cent of the total units issued.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Although Emera&amp;#8217;s ownership percentage of these entities is relatively low, it is considered to have significant influence over the operating and financial decisions of these companies through Board representation. Therefore, Emera records its investment in these entities using the equity method.  This is consistent with industry practice for similar investments with significant influence.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) On May 24, 2016, Emera completed the sale of 50.1 million common shares or 19.3 per cent of APUC&amp;#39;s issued and outstanding common shares.  This resulted in a pre-tax gain of $172 million (after-tax gain of $146 million), which was recorded in &amp;quot;Other income (expenses), net&amp;quot; in Q2 2016.  On June 30, 2016, Emera exchanged 12.9 million of APUC subscription receipts and dividend equivalents into common shares.  This resulted in a pre-tax gain of $63 million (after-tax gain of $53 million), which was recorded in &amp;quot;Other income (expenses), net&amp;quot; in Q2 2016.  As a result of these transactions, Emera reclassified its investment in APUC from &amp;quot;Investments Subject to Significant Influence&amp;quot; to &amp;quot;Investment Securities&amp;quot; on the Consolidated Balance Sheets in Q2 2016, recorded at fair value.  On December 8, 2016, Emera completed the sale of 12.9 million common shares or 4.7 per cent of APUC&amp;#39;s issued and outstanding common shares.  This sale resulted in a pre-tax loss of $12 million (after-tax loss of $10 million), which was recorded in &amp;quot;Other income (expenses), net&amp;quot; in Q4 2016.  Emera no longer holds any interest in APUC.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4) The investment balance in Bear Swamp is in a credit position primarily a result of a $179 million distribution received in Q4 2015. Bear Swamp&amp;#39;s credit investment balance of $217 million (2015 - $225 million) is recorded in &amp;quot;Other long-term liabilities&amp;quot; on the Consolidated Balance Sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Equity investments include a $14 million difference between the cost and the underlying fair value of the investees&amp;#39; assets as at the date of acquisition.&amp;#160; The excess is attributable to goodwill.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Emera accounts for its variable interest investment in NSPML as an equity investment (note 33). NSPML&amp;#39;s consolidated summarized balance sheets are illustrated as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Balance Sheets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  439&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  439&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  648&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  554&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,847&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,641&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,288&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,288&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  188&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total liabilities and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,847&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,641&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsDisclosureTextBlock>
  <ema:StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan id="ID_962" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">110000000</ema:StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_963" contextRef="AS_OF_Dec31_2014_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="CAD" decimals="-6">1012000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:ProfitLoss id="ID_964" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">0</us-gaap:ProfitLoss>
  <us-gaap:ProfitLoss id="ID_965" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="CAD" decimals="-6">0</us-gaap:ProfitLoss>
  <us-gaap:BusinessCombinationAcquiredReceivablesEstimatedUncollectible id="ID_966" contextRef="AS_OF_Jul01_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TecoEnergyIncMember" unitRef="CAD" decimals="-6">3000000</us-gaap:BusinessCombinationAcquiredReceivablesEstimatedUncollectible>
  <us-gaap:Goodwill id="ID_967" contextRef="AS_OF_Jul01_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TampaElectricDivisionMember" unitRef="CAD" decimals="-6">4552000000</us-gaap:Goodwill>
  <us-gaap:ConvertibleDebt id="ID_968" contextRef="AS_OF_Aug02_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TecoEnergyIncMember" unitRef="CAD" decimals="-8">1400000000</us-gaap:ConvertibleDebt>
  <us-gaap:Revenues id="ID_969" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraEnergySegmentMember" unitRef="CAD" decimals="-6">309000000</us-gaap:Revenues>
  <us-gaap:InvestmentIncomeInterest id="ID_970" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraMaineSegmentMember" unitRef="CAD" decimals="-6">0</us-gaap:InvestmentIncomeInterest>
  <us-gaap:Revenues id="ID_971" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_MajorCustomersAxis_ema_InternalCustomersMember_us-gaap_StatementBusinessSegmentsAxis_ema_NovaScotiaPowerIncSegmentMember" unitRef="CAD" decimals="-6">0</us-gaap:Revenues>
  <us-gaap:NonoperatingIncomeExpense id="ID_972" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">141000000</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax id="ID_973" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">11000000</us-gaap:OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax>
  <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax id="ID_974" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-11000000</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax>
  <us-gaap:AssetsCurrent id="ID_975" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">2511000000</us-gaap:AssetsCurrent>
  <us-gaap:DerivativeInstrumentsAndHedgesNoncurrent id="ID_976" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">168000000</us-gaap:DerivativeInstrumentsAndHedgesNoncurrent>
  <us-gaap:AvailableForSaleSecuritiesNoncurrent id="ID_977" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">48000000</us-gaap:AvailableForSaleSecuritiesNoncurrent>
  <us-gaap:LongTermDebtCurrent id="ID_978" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">476000000</us-gaap:LongTermDebtCurrent>
  <us-gaap:CommonStockValue id="ID_979" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">2157000000</us-gaap:CommonStockValue>
  <ema:IncreaseDecreaseInCapitalizedTransportationCapacity id="ID_980" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">133000000</ema:IncreaseDecreaseInCapitalizedTransportationCapacity>
  <us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations id="ID_981" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">1053000000</us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations>
  <us-gaap:StockIssuedDuringPeriodValueNewIssues id="ID_982" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="CAD" decimals="-6">0</us-gaap:StockIssuedDuringPeriodValueNewIssues>
  <us-gaap:DividendsCommonStockCash id="ID_983" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" unitRef="CAD" decimals="-6">0</us-gaap:DividendsCommonStockCash>
  <ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest id="ID_984" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="CAD" decimals="-6">0</ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest>
  <us-gaap:DebtInstrumentConvertibleBeneficialConversionFeature id="ID_985" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">43000000</us-gaap:DebtInstrumentConvertibleBeneficialConversionFeature>
  <ema:AcquisitionNonControllingInterest id="ID_986" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">-3000000</ema:AcquisitionNonControllingInterest>
  <ema:AcquisitionNonControllingInterest id="ID_987" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">15000000</ema:AcquisitionNonControllingInterest>
  <us-gaap:IncomeTaxDisclosureTextBlock id="ID_988" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;9.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;INCOME TAXE&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;S&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The income tax provision, for the years ended December 31, differs from that computed using the statutory income tax rate for the following reasons:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Statutory income tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;31%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;31%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income taxes, at statutory income tax rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  169&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income taxes on regulated income recorded as regulatory assets and regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (47)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (31)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-taxable portion of gains on APUC transactions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-deductible (non-taxable) portion of foreign exchange and mark-to-market adjustments related to the TECO Energy acquisition&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Financing deductions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax effect of equity earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (11)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Manufacturing and investment allowances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign tax rate variance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Effective income tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(9%)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;17%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The statutory income tax rate of 31 per cent represents the combined Canadian federal and Nova Scotia and New Brunswick provincial corporate income tax rates, which are the relevant tax jurisdictions for Emera.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following reflects the composition of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;taxes on income from continuing operations presented in the Consolidated Statements of Income for the years ended December 31:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (113)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  151&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating loss carry forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (104)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following reflects the composition of income before provision for income taxes presented in the Consolidated Statements of Income for the years ended December 31:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  349&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The deferred income tax assets and liabilities presented in the Consolidated Balance Sheets as at December 31 consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Deferred income tax assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax loss carry forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,036&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory liabilities - cost of removal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax credit carry forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  204&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  129&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory liabilities &amp;#8211; deferrals related to derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  101&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset retirement obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  355&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  136&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total deferred income tax assets before valuation allowance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,565&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  731&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Valuation allowance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (58)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total deferred income tax assets after valuation allowance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,507&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  713&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Deferred income tax (liabilities):&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3,625)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (960)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (264)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (103)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (89)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (124)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (130)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total deferred income tax liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4,054)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1,443)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Consolidated Balance Sheets presentation:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term deferred income tax assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  125&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term deferred income tax liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1,672)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (762)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net deferred income tax liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1,547)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (730)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;For regulated entities, to the extent deferred income taxes are expected to be recovered from or returned to customers in future rates, a regulatory asset or liability is recognized, unless specifically directed otherwise by a regulator. These amounts &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;include a gross up to reflect the income tax associated with future revenues required to fund these deferred income tax liabilities, and the income tax benefits associated with reduced revenues resulting from the realization of deferred income tax assets. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s gross net o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;perating loss (&amp;#8220;NOL&amp;#8221;) carry forwards&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, capital loss carry&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; forwards and tax credit&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; carry&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; forwards&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  199&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  84&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Federal NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     State NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,183&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  225&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Tax credit&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table summarizes as at December 31, 2016 the deferred tax assets associated with NOL, capital loss and tax credit carry forwards and the associated expiration periods, and the valuation allowances for amounts which Emera has determined that realization is uncertain:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:191.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred Tax&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Valuation&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net Deferred&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expiration&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax Asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2026-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Indefinite&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Federal NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  908&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  908&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2024-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     State NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018-2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Tax credit&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Considering all evidence regarding the utilization of the Company&amp;#8217;s deferred income tax assets, it has been determined that Emera is more likely than not to realize all recorded deferred income tax assets, except for the loss carry forwards noted above &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and unrealized capital losses on certain investments.  A valuation allowance of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;58&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million has been recorded as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(2015 - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;18&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) related to the loss carry forwards and investments.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following table provides details of the change i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n unrecognized tax benefits for the years ended December 31 as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increases due to tax positions related to current year&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increases due to tax positions related to a prior year&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The total amount of unrecognized tax benefits as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;18&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million),&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; which would affect the effective tax rate if recognized.  The total amount of accrued interest with respect to unrecognized tax benefits was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million).  No penalties have been accrued. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The balance of unrecognized tax benefits could&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; change in the next twelve months as a result of resolving Canada Revenue Agency (&amp;#8220;CRA&amp;#8221;) and Internal Revenue Service audits. A reasonable estimate of any change cannot be made at this time.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company intends to indefinitely reinvest earnings from certa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in foreign operations.  Accordingly, US and non-US income and withholding taxes for which deferred taxes might otherwise be required have not been provided for on a cumulative amount of temporary differences related to investments in foreign subsidiaries o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;f approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;667&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;669 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million).  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;It is impractical to estimate the amount of income and withholding tax that might be payable if a reversal of temporary differences occurred.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera files a Canadian federal income&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; tax return, which includes its Nova Scotia and New Brunswick provincial income tax.  Emera&amp;#8217;s subsidiaries file Canadian, US, Barbados, St. Lucia and Dominica income tax returns.  As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the Company&amp;#8217;s tax years still open to examination by ta&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;xing authorities include 2005 and subsequent years.  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI and the CRA are currently in a dispute with respect to the timing of certain tax deductions for NSPI&amp;#8217;s 2006 through 2010 taxation years.  The ultimate permissibility of the tax deductions is not in dispute; rather, it is the timing of those &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;deductions.  The cumulative net amount in dispute to date is $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;62&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million, including interest.  NSPI has prepaid $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million of the amount in dispute, as required by CRA.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Should NSPI be successful in defending its position, all payments including applicabl&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e interest will be refunded.  If NSPI is unsuccessful in defending any portion of its position, the resulting taxes and applicable interest will be deducted from amounts previously paid, with the excess, if any, owing to CRA. The related tax deductions wil&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;l be available in subsequent years.  Should NSPI receive similar notices of reassessment for the years not currently in dispute, further payments will be required; however, the ultimate permissibility of these deductions would be similarly not in dispute. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI and its advisors believe that NSPI has reported its tax position appropriately and NSPI is disputing the reassessments through the CRA Appeal process. NSPI continues to assess its options to resolving the dispute however the outcome of the Appeal pr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ocess is not determinable at this time.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
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  <us-gaap:ProfitLoss id="ID_990" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="CAD" decimals="-6">427000000</us-gaap:ProfitLoss>
  <ema:StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan id="ID_991" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="CAD" decimals="-6">0</ema:StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan>
  <us-gaap:MinorityInterestDecreaseFromRedemptions id="ID_992" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">1000000</us-gaap:MinorityInterestDecreaseFromRedemptions>
  <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities id="ID_993" contextRef="AS_OF_Jul01_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TecoEnergyIncMember" unitRef="CAD" decimals="-6">747000000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities>
  <us-gaap:Revenues id="ID_994" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_MajorCustomersAxis_ema_InternalCustomersMember" unitRef="CAD" decimals="-6">1000000</us-gaap:Revenues>
  <ema:InternallyAllocatedInterest id="ID_995" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraFloridaAndNewMexicoSegmentMember" unitRef="CAD" decimals="-6">0</ema:InternallyAllocatedInterest>
  <dei:DocumentType id="ID_996" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">40-F</dei:DocumentType>
  <us-gaap:RegulatedOperatingRevenueGas id="ID_997" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">499000000</us-gaap:RegulatedOperatingRevenueGas>
  <us-gaap:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses id="ID_998" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">666000000</us-gaap:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses>
  <us-gaap:IncomeTaxExpenseBenefit id="ID_999" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-22000000</us-gaap:IncomeTaxExpenseBenefit>
  <ema:OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax id="ID_1000" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">46000000</ema:OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax>
  <us-gaap:LongTermDebtNoncurrent id="ID_1001" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">3735000000</us-gaap:LongTermDebtNoncurrent>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_1002" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">-96000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:RepaymentsOfLongTermDebt id="ID_1003" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">90000000</us-gaap:RepaymentsOfLongTermDebt>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1004" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="CAD" decimals="-6">1168000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:ProfitLoss id="ID_1005" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">0</us-gaap:ProfitLoss>
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  <us-gaap:SignificantAccountingPoliciesTextBlock id="ID_1032" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;1.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The significant accounting policies for both the regulated and non-regulated operations of Emera &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Incorporated are as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Nature of Operations&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera Incorporated&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&amp;#8220;Emera&amp;#8221; or the &amp;#8220;Company&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; is an energy and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:13.8pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s primary rate-regulated subsidiaries and investments at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;included the following: &lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Florida and New Mexico represents TECO Energy, Inc. (&amp;#8220;TECO Energy&amp;#8221;), a holding company with regulated electric and gas utilities in Florida and New &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Mexico, which was acquired on July 1, 2016. TECO Energy&amp;#8217;s holdings includes: &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Tampa Electric Company (&amp;#8220;TEC&amp;#8221;), which holds the Tampa Electric Division (&amp;#8220;Tampa Electric&amp;#8221;), an integrated regulated electric utility, serving approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;736,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers in West Central Florida and Peoples Gas System Division, (&amp;#8220;PGS&amp;#8221;) a regulated gas distribution utility, serving approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;374,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers across Florida; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;New Mexico Gas Company, Inc. (&amp;#8220;NMGC&amp;#8221;), a regulated gas distribution &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;utility, serving approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;522,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers across New Mexico; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TECO Finance, Inc. (&amp;#8220;TECO Finance&amp;#8221;), a wholly owned financing subsidiary of TECO Energy.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Nova Scotia Power Inc. (&amp;#8220;NSPI&amp;#8221;), a fully integrated electric utility and the prima&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ry electricity supplier in Nova Scotia, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 511,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Maine provides electric transmission and distribution services to approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 157,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers in the State of Maine in the United States&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera (Caribbean) Incorporated (&amp;#8220;ECI&amp;#8221;) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;100.0&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent interest (December 31, 2015 &amp;#8211; 95.5 per cent) includes:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Barbados Light &amp;amp; Power Company Limited (&amp;#8220;BLPC&amp;#8221;), a vertically integrated utility and sole provider of electricity on the islan&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d of Barbados, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 126,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;50.0&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent direct and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;30.4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent indirect interest (through a 60.7 per cent interest in ICD Utilities Limited (&amp;#8220;ICDU&amp;#8221;)) in Grand Ba&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hama Power Company Limited (&amp;#8220;GBPC&amp;#8221;), a vertically integrated utility and sole provider of electricity on Grand Bahama Island, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 19,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;51.9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent interest (December 31, 2015 &amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 49.6 per cent indirect interest) in Dominica Electricity Services Ltd. (&amp;#8220;Domlec&amp;#8221;), an integrated utility on the island of Dominica, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 36,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;19.1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent indirect interest (December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015 &amp;#8211; 18.2 per cent indirect interest) in St. Lucia Electricity Services Limited (&amp;#8220;Lucelec&amp;#8221;), a vertically integrated regulated electric utility in St. Lucia; &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Brunswick Pipeline Company Limited (&amp;#8220;Brunswick Pipeline&amp;#8221;), a 145-kilometre pipeline deliv&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ering re-gasified liquefied natural gas from Saint John, New Brunswick to the United States border under a 25-year firm service agreement with Repsol Energy Canada (&amp;#8220;REC&amp;#8221;), which expires in 2034; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Newfoundland &amp;amp; Labrador Holdings Inc. (&amp;#8220;ENL&amp;#8221;), focuse&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d on two transmission investments related to the development of an 824 megawatt (&amp;#8220;MW&amp;#8221;) hydroelectric generating &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;facility at Muskrat Falls on the Lower Churchill River in Labrador, scheduled to be generating first power in 2019 and full power in 2020.  ENL&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s two investments are:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a 100 per cent investment in NSP Maritime Link Inc. (&amp;#8220;NSPML&amp;#8221;), which is developing the Maritime Link Project, a $1.56 billion transmission project, including two 170-kilometre sub-sea cables, connecting the island of Newfoundland and&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Nova Scotia.  This project is scheduled to be completed in Q4 2017 and then be in service by January 1, 2018;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;62.7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent investment (December 31, 2015 &amp;#8211; 55.1 per cent) in the partnership capital of Labrador-Island Link Limited Partners&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hip (&amp;#8220;LIL&amp;#8221;), a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the transmission of Muskrat Falls energy between Labrador and the island of Newfoundland.&amp;#160; Emera&amp;#8217;s percentage ownership in LIL &amp;#8206;is subject to change, based &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;on the balance of capital investments required from Emera and Nalcor Energy to complete construction of the LIL.  Emera&amp;#8217;s ultimate percentage investment in LIL will be determined on completion of the LIL and final costing of all transmission projects relat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed to the Muskrat Falls development, including the LIL, Labrador Transmission Assets and Maritime Link Projects, such that Emera&amp;#8217;s total investment in the Maritime Link and LIL will equal 49 per cent of the cost of all of these transmission developments.&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The investment in LIL is accounted for on the equity basis.&amp;#160; Nalcor Energy has indicated that the project will be in service in Q2 2018.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;12.9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent interest in Maritimes &amp;amp; Northeast Pipeline (&amp;#8220;M&amp;amp;NP&amp;#8221;), a 1,400-kilometre pipeline, which t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ransports natural gas from offshore Nova Scotia to markets in Atlantic Canada and the northeastern United States. &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera also owns investments in other energy-related non-regulated companies, including: &lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Energy, includes:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Energy Services (&amp;#8220;EES&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;), a physical energy business that purchases and sells natural gas and electricity and provides related energy asset management services; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Bridgeport Energy, Tiverton Power and Rumford Power (&amp;#8220;New England Gas Generating Facilities&amp;#8221; (&amp;#8220;NEGG&amp;#8221;)), a 1,115 MW of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; combined-cycle gas-fired electricity generating capacity in the northeastern United States;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Bayside Power Limited Partnership (&amp;#8220;Bayside Power&amp;#8221;), a 290 MW gas-fired combined cycle power plant in Saint John, New Brunswick; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Brooklyn Power Corporation (&amp;#8220;Broo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;klyn Energy&amp;#8221;), a 30 MW biomass co-generation electricity facility in Brooklyn, Nova Scotia.&amp;#160; Brooklyn Energy has a long-term purchase power agreement with NSPI;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a 50.0 per cent joint venture interest in Bear Swamp Power Company LLC (&amp;#8220;Bear Swamp&amp;#8221;), a 600 MW&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; pumped storage hydroelectric facility in northern Massachusetts. &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Reinsurance Limited, a captive insurance company providing insurance and reinsurance to Emera and certain affiliates, to enable more cost efficient management of risk and deductible l&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;evels across Emera;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera US Finance LP, a wholly owned financing subsidiary of Emera that issued multiple series of United States dollar denominated senior, unsecured notes for the purpose funding the acquisition of TECO Energy;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera US Holdings Inc. (&amp;#8220;E&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;USHI&amp;#8221;), a wholly owned holding company for certain of Emera&amp;#8217;s assets located in the United States;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Utility Services Inc., a utility services contractor primarily operating in Atlantic Canada;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;On December 8, 2016, Emera sold the Company&amp;#8217;s remaining 4.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7 per cent (December 31, 2015 &amp;#8211; 19.6 per cent) investment in Algonquin Power &amp;amp; Utilities Corp. (&amp;#8220;APUC&amp;#8221;), a public company traded on the Toronto Stock Exchange under the symbol &amp;#8220;AQN&amp;#8221;;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and other investments.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Basis of Presentation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;These consolidated financial statements are prepared and presented in accordance with United States Generally Accepted Accounting Principles (&amp;#8220;USGAAP&amp;#8221;).  In the opinion of management, these consolidated financial statements include &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;all adjustments that are of a recurring nature and necessary to fairly state the financial position of Emera&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;All dollar amounts are presented in Canadian dollars, unless otherwise indicated.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Principles of Consolidation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The consolidated financial statements of Emera include the accounts of Emera Incorporated, its majority-owned subsidiaries, and a variable interest entity &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&amp;#8220;VIE&amp;#8221;) in which &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera is the primary beneficiary.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera uses the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;equity method of accounting to record investments in which the Company has the ability to exercise significant influence, and for variable interest entities in which Emera &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is not the primary beneficiary&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The consolidated financial statements include TECO &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Energy from the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;July 1, 2016 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;acquisition date through &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Inter-company balances and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;certain &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;non-regulated and regulat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed entities in accordance with accounting standards for rate-regulated entities.  The net profit on these transactions, which would be eliminated in the absence of the accounting standards for rate-regulated entities, is recorded in non-regulated operating&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; revenues&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  An&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; offset &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is recorded &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to property, plant and equipment, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulatory assets, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulated fuel for generation and purchased power, or operating, maintenance and general, depending on the nature of the transaction.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Use of Management Estimates&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The preparation of consolidated financial statements in accordance with USGAAP requires management to make estimates and assumptions.  These may &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;affect the reported amounts of assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods.  Management evaluates the Company&amp;#8217;s estimates on an ongoing basis based upon historical experience, current conditions &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and assumptions believed to be reasonable at the time the assumption is made, with any adjustments recognized in income in the year they arise.  Actual results may differ significantly from these estimates.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Regulatory Matters&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Regulatory accounting applies where rates are established by, or subject to approval by, an independent third party regulator.  They &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are designed to recover the costs of providing the regulated products or services; and it is reasonable to assume rates are set at levels such that the costs can be charged to and collected from customers (see n&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ote &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;17&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for additi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;onal details).&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Foreign Currency Translation &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Monetary assets and liabilities, denominated in foreign currencies, are converted to Canadian dollars at&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; rates of exchange prevailing at the balance sheet date.  The resulting differences between the translation at the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;original transaction date and the balance sheet date are included in income.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Assets and liabilities of self-sustaining foreign operations are translated using the exchange rates in effect at the balance sheet date and the results of operations at the aver&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;age rates for the period.  The resulting exchange gains and losses on the assets and liabilities are deferred on the balance sheet in AOCI.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company designates certain United States dollar dominated debt held in Canadian functional currency companies a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s hedges of net investments in United States dollar denominated foreign operations.  The change in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;carrying amount of these investments, measured at the exchange rates in effect at the balance sheet date, and the effective portion of the hedge&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is reco&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rded in Other Comprehensive Income (&amp;#8220;OCI&amp;#8221;).  Any ineffectiveness is reflected in current period earnings.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Revenue Recognition&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Operating revenues are recognized when electricity or gas is delivered to customers or when products are delivered and services &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are rendered.  Regulated revenues are recognized on an accrual basis and include billed and unbilled revenues.  Revenues related to the sale of electricity or gas is recognized at rates approved by the respective regulator and recorded based on meter readi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ngs and estimates, which occur on a systematic basis throughout a month.  At the end of each month, the electricity or gas delivered to customers, but not billed, is estimated and the corresponding unbilled revenue is recognized.  The accuracy of the unbil&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;led revenue estimate is affected by energy demand, weather, line losses and changes in the composition of customer classes.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Non-regulated revenues are recorded when products have been delivered or services have been performed, the amount of revenue can be&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; reliably measured and collectability is reasonably assured&lt;/font&gt;&lt;font style='font-family:Arial;font-size:11pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Revenues for energy marketing and trading operations are presented on a net basis, reflecting the nature of the contractual relationships with customers and suppliers.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company records the ne&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t investment in a lease under the direct finance method for Emera Brunswick Pipeline, which consists of the sum of the minimum lease payments and residual value net of estimated executory costs and unearned income.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#160;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; The difference between the gross investm&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ent and the cost of the leased item for a direct financing lease is recorded as unearned income at the inception of the lease.  The unearned income is recognized in income over the life of the lease using a constant rate of interest equal to the internal r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ate of return on the lease and is recorded as &amp;#8220;Operating revenues &amp;#8211; regulated gas&amp;#8221; on the Consolidated Statements of Income.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Other revenues are recognized when services are performed or goods delivered. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Property, Plant and Equipment &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Property, plant and equipment are recorded at original cost, including allowance for funds used during construction (&amp;#8220;AFUDC&amp;#8221;) or capitalized interest, net of contributions received in aid of construction.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The cost of additions, including betterments and&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; replacements of units of property, plant and equipment are included in &amp;#8220;Property, plant and equipment&amp;#8221;.  When units of regulated property, plant and equipment are replaced, renewed or retired, their cost plus removal or disposal costs, less salvage procee&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ds, is charged to accumulated depreciation, with no gain or loss reflected in income.  Where a disposition of non-regulated property, plant and equipment occurs, gains and losses are included in income as the dispositions occur.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The cost of property, pl&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ant and equipment represents the original cost of materials, contracted services, direct labour, AFUDC for regulated property or interest for non-regulated property, asset retirement obligations (&amp;#8220;ARO&amp;#8221;) and overhead attributable to the capital project.  Ov&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;erhead includes corporate costs such as finance, information technology and executive, along with other costs related to support functions, employee benefits, insurance, procurement, and fleet operating and maintenance.  Expenditures for project developmen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t are capitalized if they are expected to have &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;future economic benefit.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Normal maintenance projects are expensed as incurred.  Planned major maintenance projects that do not increase the overall life of the related assets are expensed.  When a major mai&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ntenance project increases the life or value of the underlying asset, the cost is capitalized.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Depreciation is determined by the straight-line method, based on the estimated remaining service lives of the depreciable assets in each functional class of d&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;epreciable property.  The service lives of regulated assets require the appropriate regulatory approval. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Intangible assets consist primarily of computer software, land rights and naming rights with definite lives.  Amortization is determined by the strai&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ght-line method, based on the estimated remaining service lives of the asset in each category.  The service lives of regulated intangible assets require the appropriate regulatory approval.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Goodwill&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Goodwill is calculated as the excess of the purchase pr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ice of an acquired entity over the estimated fair values of assets acquired and liabilities assumed at the acquisition date.  Goodwill is carried at initial cost less any write-down for impairment.  Under the applicable accounting guidance, goodwill is sub&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ject to an annual assessment for impairment at the reporting unit level.  See note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for further detail.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Income Taxes and Investment Tax Credits&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera recognizes deferred income tax assets and liabilities for the future tax consequences of events &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;that have been included in the financial statements or income tax returns.  Deferred income tax assets and liabilities are determined based on the difference between the carrying value of assets and liabilities on the Consolidated Balance Sheets and their &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse.  Emera recognizes the effect of income tax positions only when it is more likely than not that they will be realized.  Management reviews &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;all readily available current and historical information, including forward-looking information, and the likelihood that deferred tax assets will be recovered from future taxable income is assessed and assumptions about the expected timing of the reversal &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of deferred tax assets and liabilities are made.  If management subsequently determines that it is likely that some or all of a deferred income tax asset will not be realized, then a valuation allowance is recorded to report the balance at the amount expec&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ted to be realized. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Generally, investment tax credits are recorded as a reduction to income tax expense in the current or future periods to the extent that realization of such benefit is more likely than not.  Investment tax credits earned by TECO Energy&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and Emera Maine on regulated assets are deferred and amortized over the estimated service lives of the related properties, as required by state regulatory practices.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s rate-regulated subsidiaries recognize regulatory assets or liabilities where the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; deferred income taxes are expected to be recovered from or returned to customers in future rates, unless specifically directed by a regulator to flow deferred income taxes through earnings.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera classifies interest and penalties associated with unrecogn&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ized tax benefits as interest and operating expense, respectively.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Derivatives and Hedging Activities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s risk management policies and procedures provide a framework through which management monitors various risk exposures.  The risk management pol&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;icies and practices are overseen by the Board of Directors.  The Company has established a number of processes and practices to identify, monitor, report on and mitigate material risks to the Company.  This includes establishment of the Enterprise Risk Man&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;agement Committee, whose responsibilities include preparing and updating a &amp;#8220;Risk Dashboard&amp;#8221; for the Board of Directors on a quarterly basis.  Furthermore, a corporate team independent from operations is responsible for tracking and reporting on market and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;credit risks.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company manages its exposure to normal operating and market risks relating to commodity prices, foreign exchange and interest rates through contractual protections with counterparties where practicable, and by using financial instruments&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; consisting mainly of foreign exchange forwards and swaps, interest rate options and swaps, and coal, oil and gas futures, options, forwards and swaps.  In addition, the Company has contracts for the physical purchase and sale of natural gas.  These physic&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;al and financial contracts are classified as held-for-trading (&amp;#8220;HFT&amp;#8221;).  Collectively, these contracts are considered derivatives.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company recognizes the fair value of all its derivatives on its balance sheet, except for non-financial derivatives that &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;meet the normal purchases and normal sales (&amp;#8220;NPNS&amp;#8221;) exception.  A physical contract generally qualifies for the NPNS exception if the transaction is reasonable in relation to the Company&amp;#8217;s business needs, the counterparty owns or controls resources within &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the proximity to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty creditworthy.  Emera continually assesses contracts designated under the NPNS exception and will discont&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;inue the treatment of these contracts under this exemption where the criteria are no longer met. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives qualify for hedge accounting if they meet stringent documentation requirements, and can be proven to effectively hedge the identified risk both a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t the inception and over the term of the instrument.  Specifically, for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is realiz&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed.  Any ineffective portion of the change in the fair value of the cash flow hedges is recognized in net income in the reporting period.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Where the documentation or effectiveness requirements are not met, the derivatives are recognized at fair value, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives entered into by Tampa Electric, PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for whi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ch the NPNS exception has not been taken, are subject to regulatory accounting treatment.&amp;#160; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities. The change in fair value of the derivatives is deferred to a r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;egulatory asset or liability.&amp;#160; The gain or loss is recognized in the hedged item when the hedged item is settled.&amp;#160; Management believes that any gains or losses resulting from settlement of these derivatives related to fuel for generation and purchased powe&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r will be refunded to or collected from customers in future rates.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives that do not meet any of the above criteria are designated as HFT derivatives and are recorded on the balance sheet at fair value, with changes normally recorded in net income o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;f the period, unless deferred as a result of regulatory accounting.  The Company has not elected to designate any derivatives to be included in the HFT category where another accounting treatment would apply.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera classifies gains and losses on derivativ&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es as a component of fuel for generation and purchased power, other expenses, inventory and property, plant and equipment, depending on the nature of the item being economically hedged.  Transportation capacity arising as a result of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; marketing and trading &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;transactions is recognized as an asset in &amp;#8220;Other&amp;#8221; and amortized over the period of the transportation contract term.  Cash flows from derivative activities are presented in the same category as the item being &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hedged within operating or investing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; on the Consolidated Statements of Cash Flows.  Non-hedged derivatives are included in operating cash flows on the Consolidated Statements of Cash Flows.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives, as reflected on the Consolidated Balance Sheets, are not offset by the fair value amount&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s of cash collateral with the same counterparty.  Rights to reclaim cash collateral are recognized in &amp;#8220;Receivables, net&amp;#8221; and obligations to return cash collateral are recognized in &amp;#8220;Accounts payable&amp;#8221;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Cash and Cash Equivalents&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Cash equivalents consist of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; highly liquid short-term investments with original maturities of three months or less at acquisition.  Total short-term investments of $183 million have an effective interest rate of 0.6 per cent at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $78 million with an effective i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nterest rate of 0.6 per cent). &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Receivables and Allowance for Doubtful Accounts&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Customer receivables are recorded at the invoiced amount and do not bear interest.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Standard payment terms for electricity and gas sales are approximately 30 days.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;A late pa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;yment fee may be assessed on account balances after the due date. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company is exposed to credit risk with respect to amounts receivable from customers.  Credit risk assessments are conducted on all new customers and deposits are requested on any high risk accounts.  The Company also maintains provisions for potential &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;credit losses, which are assessed on a regular basis.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Management estimates uncollectible accounts receivable after considering historical loss experience, customer deposits, current events and the characteristics of existing accounts.  Provisions for lo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sses on receivables are expensed to maintain the allowance at a level considered adequate to cover expected losses.  Receivables are written off against the allowance when they are deemed uncollectible.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Inventory&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Fuel and materials inventories are valued&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; using the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; weighted-average cost method. These inventories are carried at the lower of weighted-average cost or net realizable value, unless evidence indicates that the we&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ighted-average cost &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;will be recovered in future customer rates. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emission credits &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;inventory are measured using the first-in-first-out method.  Emission credits inventory is recognized in inventory when purc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hased, or allocated by the respective government agency.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Asset Impairment&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Goodwill &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Goodwill &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; not amortized, but &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; subject to an annual impairment test.  Emera&amp;#8217;s reporting units containing goodwill &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;during the fourth quarter of each year, and interim impairment tests are performed when impairment indicat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ors are present.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;If it is more likely than not that a reporting unit&amp;#8217;s fair value is less than its carrying amount, the Company calculates the fair value of the reporting unit. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The carrying amount of the reporting unit&amp;#8217;s goodwill is considered not recover&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;able if the carrying amount of the reporting unit as a whole exceeds the reporting unit&amp;#8217;s fair value.  An impairment charge is recorded for any excess of the carrying value of the goodwill over the implied fair value.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  See note&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for further detail&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;ost and Equity Method Investments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The carrying value of investments accounted for under the cost and equity methods are assessed for impairment by comparing the fair values of these investments to their carrying values, if a fair value assessment was comp&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;leted, or by reviewing for the presence of impairment indicators.  If an impairment exists and it is determined to be other-than-temporary, a charge is recognized &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in earnings &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;equal to the amount the carrying value exceeds the investment&amp;#8217;s fair value.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Fina&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;ncial Assets&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired.  In the case of equity securities classified as available-for-sale, a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n other than temporary&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;decline in the fair value of the security below its cost is considered as an indicator that the securities are impaired.  In the case of debt securities classified as available-for-sale, a breach of contract&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; such as default or delinquency in interest or &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;principal payments, or evidence of significant financial difficulty of the issuer is considered an indicator of impairment.  If any such evidence exists for available-for-sale financial assets, the cumulative loss, measured as the difference between the ac&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in income, is removed from AOC&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and recognized &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the Consolidated Statements of Income. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Asset Retirement Obligation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;s&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;An ARO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a long-lived asset.  A legal obligation may exist under an existing or enacted law or statut&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e, written or oral contract, or by legal construction under the doctrine of promissory estoppel.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;An ARO represents the fair value of the estimated cash flows necessary to discharge the future obligation using the Company&amp;#8217;s credit adjusted risk-free rate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The amounts are reduced by actual expenditures incurred.  Estimated future cash flows are based on completed depreciation studies, remediation reports, prior experience, estimated useful lives and governmental regulatory requirements.  The present value&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of the liability is recorded and the carrying amount of the related long-lived asset is correspondingly increased.  The amount capitalized at inception is depreciated in the same manner as the related long-lived asset.  Over time, the liability is accrete&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d to its estimated future value.  Accretion expense is included as part of &amp;#8220;Depreciation and amortization&amp;#8221;.  Any &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulated &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;accretion expense not yet approved by the regulator is deferred to a regulatory asset in &amp;#8220;Property, plant and equipment&amp;#8221; and included&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in the next depreciation study.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Some transmission and distribution assets may have conditional AROs, which are required to be estimated and recorded as a liability.  A conditional ARO refers to a legal obligation to perform an asset retirement activity i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n which the timing and/or method of settlement are conditional on a future event that &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;may or may not be within the control of the entity.  Management monitors these obligations and a liability is recognized at fair value when an amount can be determined.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Variable Interest Entities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company performs ongoing analysis to assess whether it holds any VIEs.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;To identify potential VIEs, management reviews contracts under leases, long-term purchase power agreements, tolling contracts and jointly&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;owned facili&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ties.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;VIEs of which the Company is deemed the primary beneficiary must be consolidated.  The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obligatio&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n to absorb losses &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;or the right to receive benefits &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of the entity that could potentially be significant to the entity.  In circumstances where Emera is not deemed the primary bene&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ficiary, the VIE is not consolidated&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in the Company&amp;#8217;s consolidated financial &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;statements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Franchise Fees and Gross Receipts&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Tampa Electric and PGS are allowed to recover from customers certain costs incurred, on a dollar-for-dollar basis, through prices approved by the Florida Public Service Commission (&amp;#8220;FPSC&amp;#8221;). The amounts includ&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed in customers&amp;#8217; bills for franchise fees and gross receipt taxes are included as revenues in the Consolidated Statements of Income.  Franchise fees and gross receipt taxes payable by Tampa Electric and PGS are included as an expense on the Consolidated St&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;atements of Income in &amp;#8220;Provincial, state and municipal taxes&amp;#8221;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NMGC is an agent in the collection and payment of franchise fees and gross receipt taxes and is not required by a tariff to present the amounts on a gross basis.  Therefore, NMGC&amp;#8217;s franchise &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;fees and gross receipt taxes are presented net with no line item impact on the Consolidated Statement of Income.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Stock-Based Compensation&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has several stock-based compensation plans: a common share option plan for senior management; an employe&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e common share purchase plan; a deferred share unit (&amp;#8220;DSU&amp;#8221;) plan; and a performance share unit (&amp;#8220;PSU&amp;#8221;) plan.  The Company accounts for its plans in accordance with the fair value based method of accounting for stock-based compensation.  Stock-based compens&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee&amp;#8217;s or director&amp;#8217;s requisite service period using the graded vesting method.  Stock-based compensation plans recognize&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d as liabilities are measured at fair value and re-measured at fair value at each reporting date with the change in liability recognized in income.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Employee Benefits&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The costs of the Company&amp;#8217;s pension and other post-retirement benefit programs for employ&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ees are expensed over the periods during which employees render service.  The Company recognizes the funded status of its defined-benefit and other post-retirement plans on the balance sheet and recognizes changes in funded status in the year the change oc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;curs.  The Company recognizes the unamortized gains and losses and past service costs in AOCI or regulatory assets&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock id="ID_1033" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;15.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;DERIVATIVE INSTRUMENTS&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company enters into futures, forwards, swaps and option contracts as part of its risk management strategy to limit exposure to:&lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;commodity price fluctuations related to the purchase and sale of commodities in the course&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of normal operations;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;foreign exchange fluctuations on foreign currency denominated purchases and sales; and&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;interest rate fluctuations on debt securities.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company also enters into physical contracts for energy commodities.  Collectively, these contra&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cts are considered &amp;#8220;derivatives&amp;#8221;.  The Company accounts for derivatives under one of the following four approaches:&lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Physical contracts that meet the normal purchases normal sales (&amp;#8220;NPNS&amp;#8221;) exemption are not recognized on the balance sheet; they are recogniz&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed in income when they settle.  A physical contract generally qualifies for the NPNS exemption if the transaction is reasonable in relation to the Company&amp;#8217;s business needs, the counterparty owns or controls resources within the proximity to allow for physi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cal delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty credit worthy.  The Company continually assesses contracts designated under the NPNS exemption and will discontinue the treatment of the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;se contracts under this exception if the criteria are no longer met.  &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Derivatives that qualify for hedge accounting are recorded at fair value on the balance sheet.  Derivatives qualify for hedge accounting if they meet stringent documentation requirement&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s and can be proven to effectively hedge the identified cash flow risk both at the inception and over the term of the derivative.  Specifically for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nd recognized in income in the same period the related hedged item is realized.  Any ineffective portion of the change in fair value from cash flow hedges is recognized in net income in the reporting period.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Where the documentation or effectiveness require&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ments are not met, the derivatives are recognized at fair value with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Derivatives entered into by Tampa Electric, PGS, NMGC, NS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;PI and GBPC that are documented as economic hedges, and for which the NPNS exception has not been taken, are subject to regulatory accounting treatment.&amp;#160; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; The change in fair value of the derivatives is deferred to a regulatory asset or liability.&amp;#160; The gain or loss is recognized in the hedged item when the hedged item is settled.&amp;#160; Management believes that any gains or losses resulting from settlement of thes&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e derivatives related to fuel for generation and purchased power will be refunded to or collected from customers in future rates.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Derivatives that do not meet any of the above criteria are designated as HFT derivatives and are recorded on the balance sheet&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; at fair value, with changes normally recorded in net income of the period, unless deferred as a result of regulatory accounting.  The Company has not elected to designate any derivatives to be included in the HFT category where another accounting treatmen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t would apply.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15.75pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:483.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Derivative assets and liabilities relating to the foregoing categories consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Current&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  151&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  119&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards, physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  357&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  359&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  126&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  401&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gross current derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  439&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  430&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  538&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Impact of master netting agreements with intent to settle net or simultaneously&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (105)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (189)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (105)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (189)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total current derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  145&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  325&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  349&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  72&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest rate swap&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gross long-term derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  176&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  147&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Impact of master netting agreements with intent to settle net or simultaneously&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (26)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (51)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (26)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (51)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total long-term derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  418&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:28.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Derivative assets and liabilities are classified as current or long-term based upon the maturities of the underlying contracts.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Details of master netting agreements, shown net on the Consolidated Balance Sheets, are summarized in the following table:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:30.75pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total impact of master netting agreements with&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;intent to settle net or simultaneously&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Cash Flow Hedges&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company enters into various derivatives designated as cash flow hedges.  Emera enters into power swaps to limit Bear Swamp&amp;#8217;s exposure to purchased power prices.  Emera also enters into interest rate swaps to fix Bear Swamp&amp;#8217;s&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; cost of debt.  The Company also enters into foreign exchange forwards to hedge the currency risk for revenue streams denominated in foreign currency for Brunswick Pipeline.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As previously noted, the effective portion of the change in fair value of these&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; derivatives is included in AOCI, until the hedged transactions are recognized in income.  The ineffective portion is recognized in income of the period. The amounts related to cash flow hedges recorded in income and AOCI consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:292.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:292.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.1pt;' &gt;&lt;td colspan='1' rowspan='3' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.1pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.1pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in non-regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in operating revenue &amp;#8211; Regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gains (losses) in Net income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:292.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:292.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='1' rowspan='3' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24.75pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total unrealized gain (loss) in AOCI &amp;#8211; effective portion, net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:30pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company expects $14 million of unrealized losses currently in AOCI to be reclassified into net income within the next twelve months, as the underlying hedged transactions settle.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:458.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:458.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;As at December 31, 2016, the Company had the following notional volumes of outstanding derivatives designated as cash flow hedges that are expected to settle as outlined below:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards (USD) sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards (EURO) purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Regulatory Deferral&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As previously noted, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Tampa Electric, PGS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NMGC&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NSPI and GBPC defer gains and losses on certain derivatives documented as economic hedges, including certain physical contracts that do not qualify for the NPNS exemption.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; has recorded the following changes in realized and unrealized gains (losses) with respect to derivatives receiving regulatory deferral:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:315pt;text-align:right;vertical-align:top;border-color:Black;min-width:315pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  101&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  173&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in inventory &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in regulated fuel for generation and purchased power &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total change derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  163&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (90)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:3;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:#000000;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Realized (gains) losses will be recognized in fuel for generation and purchased power when the hedged item is consumed.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Realized (gains) losses on derivative instruments settled and consumed in the period; hedging relationships that have been terminated or the hedged transaction is no longer probable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Commodity Swaps and Forwards&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the Company had the following notional volumes of commodity swaps and forward&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; contracts&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; designated for regulatory deferral that are expected to settle as outlined below:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018-2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions &lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Coal (metric tonnes)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural Gas (Mmbtu)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Heavy fuel oil (bbls)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Foreign Exchange Swaps and Forwards&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the Company had the following notional volumes of foreign exchange swaps and forward contracts &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;related to commodity contr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;acts that are expected to settle as outlined below:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018-2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fuel purchases exposure (millions of US dollars)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  224&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1.0722&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1.1138&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;% of USD requirements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;120%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;44%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:28.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company reassesses foreign exchange forecasts periodically and will enter into additional hedges or unwind existing hedges, as required.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Held-for-Trading Derivatives&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In the ordinary course of its business, Emera enters into physical contracts for the purchase and sale of natural gas&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s well as&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; power and natural gas swaps, forwards and futures to economically hedge those physical contracts.  These derivatives are all considered HFT.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has recognized the following realized and unrealized gains (losses) with respect to HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the &lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:20.25pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, forwards, futures and physical contracts in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:20.25pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, forwards, futures and physical contracts in non-regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options in other income (expenses), net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the Company had the following notional volumes of outstanding HFT derivatives that are expected to settle as outlined &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;below:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas purchases (Mmbtu)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas sales (Mmbtu)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  202&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power purchases (MWh)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power sales (MWh)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Other Derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company has recognized the following realized and unrealized gains (losses) with respect to cash flow hedges which documentation requirements have not been met:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:248.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='1' rowspan='2' style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in other income (expense)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (87)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in other income (expense)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in interest expense, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gains (losses) in net income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (87)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:35.25pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;As at December 31, 2016, the Company had interest rate swaps in place for the $250 million non-revolving term credit facility in Brunswick Pipeline for interest payments until the debt matures in 2019.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:53.25pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;During the year ended December 31, 2016, $1,519 million in foreign exchange forwards and swaps that were used to partially hedge proceeds for the TECO Energy acquisition settled.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Credit Risk &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company is exposed to credit risk with respect to amounts receivable from customers, energy marketing collateral deposits and derivative assets.  Credit risk is the potential loss from a counterparty&amp;#8217;s non-performance under an agreement.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  The Company manages credit risk with policies and procedures for counterparty analysis, exposure measurement, and exposure monitoring and mitigation.  Credit assessments are conducted on all new customers and counterparties, and deposits or collateral ar&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e requested on any high risk accounts.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company assesses the potential for credit losses on a regular basis, and where appropriate, maintains provisions. With respect to counterparties, the Company has implemented procedures to monitor the creditwort&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hiness and credit exposure of counterparties and to consider default probability in valuing the counterparty positions.  The Company monitors counterparties&amp;#8217; credit standing, including those that are experiencing financial problems, have significant swings&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in default probability rates, have credit rating changes by external rating agencies, or have changes in ownership.  Net liability positions are adjusted based on the Company&amp;#8217;s current default probability.  Net asset positions are adjusted based on the co&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unterparty&amp;#8217;s current default probability.  The Company assesses credit risk internally for counterparties that are not rated.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, the maximum exposure the Company has to credit risk is $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1,019&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;901&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; which includ&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es accounts receivable net of collateral/deposits and assets related to derivatives.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;It is possible that volatility in commodity prices could cause the Company to have material credit risk exposures with one or more counterparties.  If such counterparti&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es fail to perform their obligations under one or more agreements, the Company could suffer a material financial loss.   The Company transacts with counterparties as part of its risk management strategy for managing commodity price, foreign exchange and in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;terest rate risk.  Counterparties that exceed established credit limits can provide a cash &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;deposit or letter of credit to the Company for the value in excess of the credit limit where contractually required.  The total cash deposits/collateral on hand as a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;271&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;94&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; which mitigates the Company&amp;#8217;s maximum credit risk exposure.  The Company uses the cash as payment for the amount receivable or returns the deposit/collateral to the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customer/counterparty where it is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; no longer required by the Company.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company enters into commodity master arrangements with its counterparties to manage certain risks, including credit risk to these counterparties.  The Company generally enters into International Swaps and Derivative&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s Association agreements (&amp;#8220;ISDA&amp;#8221;), North American Energy Standards Board agreements (&amp;#8220;NAESB&amp;#8221;) and, or Edison Electric Institute agreements.  The Company believes that entering into such agreements offers protection by creating contractual rights relating t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;o creditworthiness, collateral, non-performance and default.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, the Company had $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;104&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;- $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;83&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) in financial assets, considered to be past due, which have been outstanding for an average&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 69 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;days.  The fair value of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;these financial assets is $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;91&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;- $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;72&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million), the difference of which is included in the allowance for doubtful accounts. These assets primarily relate to accounts receivable from electric &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and gas &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;revenue.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Concentration Risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:17.25pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company&amp;#39;s concentrations of risk consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%  of total exposure&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%  of total exposure&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Receivables, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated utilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Residential&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;24%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  189&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;20%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  170&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;13%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Industrial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  592&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;45%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  374&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;38%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Trading group&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of A- or above&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of BBB- to BBB+&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Not rated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  169&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;13%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  84&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;8%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other accounts receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  253&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;20%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;12%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;78%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  578&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;58%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Instruments &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(current and long-term)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of A- or above&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  252&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;20%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  340&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;34%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of BBB- to BBB+&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;7%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Not rated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;22%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  418&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;42%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;100%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  996&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;100%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Cash Collateral&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s cash collateral positions consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash collateral provided to others&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash collateral received from others&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Collateral is posted in the normal course of business based on the Company&amp;#8217;s creditworthiness, including its senior unsecured credit rating as determined by certain major credit rating agencies.  Certain derivatives contain financial assurance provisions &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;that require collateral to be posted if a material adverse credit-related event occurs.  If a material adverse event resulted in the senior unsecured debt to fall below investment grade, the counterparties to such derivatives could request ongoing full col&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lateralization.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the total fair value of these derivatives, in a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;l&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;iability position, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;wa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;475&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;' &gt;&amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;445&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million).  If the credit ratings of the Company were reduced below investme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nt grade the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; full value of the net liability&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; position could be required to be posted as collateral for these derivatives.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan id="ID_1034" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" unitRef="CAD" decimals="-6">0</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan id="ID_1035" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">1000000</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest id="ID_1036" contextRef="AS_OF_Dec31_2014_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">3399000000</us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest>
  <us-gaap:DividendsCommonStockCash id="ID_1037" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">240000000</us-gaap:DividendsCommonStockCash>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition id="ID_1038" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="CAD" decimals="-6">0</us-gaap:AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition>
  <us-gaap:StockholdersEquityOther id="ID_1039" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="CAD" decimals="-6">0</us-gaap:StockholdersEquityOther>
  <us-gaap:StockholdersEquityOther id="ID_1040" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">0</us-gaap:StockholdersEquityOther>
  <us-gaap:OtherLongTermDebtNoncurrent id="ID_1041" contextRef="AS_OF_Jul01_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TecoEnergyIncMember" unitRef="USD" decimals="-6">384000000</us-gaap:OtherLongTermDebtNoncurrent>
  <us-gaap:Revenues id="ID_1042" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_MajorCustomersAxis_ema_InternalCustomersMember_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraCaribbeanSegmentMember" unitRef="CAD" decimals="-6">0</us-gaap:Revenues>
  <us-gaap:InterestExpense id="ID_1043" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraMaineSegmentMember" unitRef="CAD" decimals="-6">19000000</us-gaap:InterestExpense>
  <ema:CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears id="ID_1044" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">53000000</ema:CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears>
  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="ID_1045" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NewMexicoGasCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_LineOfCreditMember" unitRef="pure" decimals="6">0.0171</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_1046" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">17000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="ID_1047" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="pure" decimals="6">0.0173</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_1048" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_CommercialPaperMember" unitRef="CAD" decimals="-6">264000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_1049" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_CapitalLeaseObligationsMember" unitRef="CAD" decimals="-6">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:BusinessCombinationSegmentAllocationTableTextBlock id="ID_1050" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Goodwill has been preliminarily allocated to the TECO Energy reporting units and is subject to change as additional information is obtained through the purchase price allocation process. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Reporting Unit&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tampa Electric&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,552&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;PGS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  744&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;New Mexico Gas &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5,771&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:BusinessCombinationSegmentAllocationTableTextBlock>
  <us-gaap:ScheduleOfDerivativeInstrumentsTextBlock id="ID_1051" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15.75pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:483.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Derivative assets and liabilities relating to the foregoing categories consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Current&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  119&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  151&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  119&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards, physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  357&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  359&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  126&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  401&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gross current derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  439&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  430&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  538&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Impact of master netting agreements with intent to settle net or simultaneously&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (105)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (189)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (105)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (189)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total current derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  145&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  325&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  349&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  72&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest rate swap&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gross long-term derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  176&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  147&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Impact of master netting agreements with intent to settle net or simultaneously&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (26)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (51)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (26)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (51)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total long-term derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  418&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:28.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Derivative assets and liabilities are classified as current or long-term based upon the maturities of the underlying contracts.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDerivativeInstrumentsTextBlock>
  <ema:DerivativeDocumentationUnmetTableTextBlock id="ID_1052" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Other Derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company has recognized the following realized and unrealized gains (losses) with respect to cash flow hedges which documentation requirements have not been met:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:248.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='1' rowspan='2' style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:66.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in other income (expense)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (87)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in other income (expense)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in interest expense, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gains (losses) in net income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (87)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:35.25pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;As at December 31, 2016, the Company had interest rate swaps in place for the $250 million non-revolving term credit facility in Brunswick Pipeline for interest payments until the debt matures in 2019.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:53.25pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;During the year ended December 31, 2016, $1,519 million in foreign exchange forwards and swaps that were used to partially hedge proceeds for the TECO Energy acquisition settled.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:DerivativeDocumentationUnmetTableTextBlock>
  <ema:ScheduleOfRegulatoryAssetsAndLiabilitiesTableTextBlock id="ID_1053" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income tax regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  632&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  431&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement medical plan&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  373&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Environmental remediations &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unamortized defeasance costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015 demand side management deferral  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;GBPC Hurricane Matthew restoration&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Stranded cost recovery&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Debt basis adjustment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferrals related to derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cost-recovery clauses &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred bond refinancing costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fuel adjustment mechanism  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,322&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  605&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,322&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  699&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accumulated reserve - cost of remova&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;l &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  990&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferrals related to derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cost-recovery clauses &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  153&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fuel adjustment mechanism  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Transmission and delivery storm reserve&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Self-insurance fund  (notes 7 and 33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income tax regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bill reduction credit&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(note 4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,639&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  465&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  362&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,639&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  465&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:ScheduleOfRegulatoryAssetsAndLiabilitiesTableTextBlock>
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  <us-gaap:DebtInstrumentConvertibleBeneficialConversionFeature id="ID_1078" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="CAD" decimals="-6">43000000</us-gaap:DebtInstrumentConvertibleBeneficialConversionFeature>
  <ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest id="ID_1079" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" unitRef="CAD" decimals="-6">3000000</ema:PreferredDividendPaidBySubsidiariesToNonControllingInterest>
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  <us-gaap:DividendsPreferredStockCash id="ID_1082" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="CAD" decimals="-6">0</us-gaap:DividendsPreferredStockCash>
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  <dei:EntityVoluntaryFilers id="ID_1092" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">No</dei:EntityVoluntaryFilers>
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  <us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock id="ID_1109" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;OTHER &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;INCOME (EXPENSES), NET&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Other income (expenses), net consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:128.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:128.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on sale of APUC common shares&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (note 6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  160&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on conversion of APUC subscription receipts and dividend equivalents to common shares of APUC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (note 6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on BLPC Self-Insurance Fund (&amp;quot;SIF&amp;quot;) regulatory liability &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance for equity funds used during construction&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange (losses) gains and mark-to-market adjustments related to the TECO Energy acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (135)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  119&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on sale of NWP investment  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other &lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  174&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) In June 2016, BLPC secured support from the Government of Barbados and the Trustees of the SIF to reduce the contingency funding in the SIF to $22 million USD.  As a result, Emera reduced the SIF regulatory liability to $30 million ($22 million USD) and recorded a pre-tax gain of $53 million (after-tax gain of $43 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468pt;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Mark-to-market adjustments included in Emera&amp;#8217;s other income related to the effect of TECO Energy convertible debenture related USD-denominated currency and forward contracts.  These contracts were put in place to economically hedge the anticipated proceeds from the 2015 sale of $2.185 billion 4 per cent convertible unsecured subordinated debentures represented by instalment receipts (&amp;#8220;the Debenture Offering&amp;#8221; or &amp;#8220;Debentures&amp;#8221; or &amp;#8220;Convertible Debentures&amp;#8221;) for the TECO Energy acquisition. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468pt;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) On January 25, 2015, Emera completed the sale of its 49 per cent interest in NWP.  This resulted in a pre-tax gain of $19 million (after-tax gain of $12 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock>
  <us-gaap:InterestIncomeAndInterestExpenseDisclosureTextBlock id="ID_1110" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;8.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;INTEREST EX&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;PENSE, NET&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Interest expense, net consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest on debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  443&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  193&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Beneficial conversion feature &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(note 10) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  62&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest on Convertible Debentures &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(note 10) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest on acquisition credit facility related to the TECO Energy acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(note 4) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance for borrowed funds used during construction&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  585&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  212&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InterestIncomeAndInterestExpenseDisclosureTextBlock>
  <ema:StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan id="ID_1111" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">110000000</ema:StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan>
  <ema:DividendPaidBySubsidiariesToNonControllingInterest id="ID_1112" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="CAD" decimals="-6">0</ema:DividendPaidBySubsidiariesToNonControllingInterest>
  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised id="ID_1113" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="CAD" decimals="-6">0</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
  <us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan id="ID_1114" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="CAD" decimals="-6">0</us-gaap:StockIssuedDuringPeriodValueEmployeeStockPurchasePlan>
  <us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment id="ID_1115" contextRef="AS_OF_Jul01_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TecoEnergyIncMember" unitRef="CAD" decimals="-6">10023000000</us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment>
  <us-gaap:Goodwill id="ID_1116" contextRef="AS_OF_Jul01_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_NewMexicoGasCompanyMember" unitRef="CAD" decimals="-6">475000000</us-gaap:Goodwill>
  <us-gaap:DepreciationDepletionAndAmortization id="ID_1117" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_us-gaap_CorporateAndOtherMember" unitRef="CAD" decimals="-6">2000000</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:InterestExpense id="ID_1118" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_NovaScotiaPowerIncSegmentMember" unitRef="CAD" decimals="-6">129000000</us-gaap:InterestExpense>
  <us-gaap:NetIncomeLoss id="ID_1119" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraCaribbeanSegmentMember" unitRef="CAD" decimals="-6">41000000</us-gaap:NetIncomeLoss>
  <ema:IndirectOwnershipPercentageByParent id="ID_1120" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_ema_LabradorIslandLinkLimitedPartnershipMember" unitRef="pure" decimals="3">0.249</ema:IndirectOwnershipPercentageByParent>
  <us-gaap:LiabilitiesAndStockholdersEquity id="ID_1121" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_ema_NspMaritimeLinkIncMember" unitRef="CAD" decimals="-6">1847000000</us-gaap:LiabilitiesAndStockholdersEquity>
  <us-gaap:GainLossOnInvestments id="ID_1122" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NortheastWindPartnershipMember" unitRef="CAD" decimals="-6">19000000</us-gaap:GainLossOnInvestments>
  <us-gaap:GainLossOnInvestments id="ID_1123" contextRef="FROM_Jan24_2015_TO_Jan25_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NortheastWindPartnershipMember" unitRef="CAD" decimals="-6">19000000</us-gaap:GainLossOnInvestments>
  <ema:DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards id="ID_1124" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">72000000</ema:DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards>
  <us-gaap:DeferredTaxLiabilitiesDerivatives id="ID_1125" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">264000000</us-gaap:DeferredTaxLiabilitiesDerivatives>
  <us-gaap:EarningsPerShareBasic id="ID_1126" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD_per_Share" decimals="2">2.72</us-gaap:EarningsPerShareBasic>
  <us-gaap:OtherComprehensiveIncomeOtherNetOfTax id="ID_1127" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeOtherNetOfTax>
  <us-gaap:RegulatedOperatingRevenue id="ID_1128" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">12000000</us-gaap:RegulatedOperatingRevenue>
  <us-gaap:DerivativeFairValueOfDerivativeLiability id="ID_1129" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherCurrentLiabilitiesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">15000000</us-gaap:DerivativeFairValueOfDerivativeLiability>
  <us-gaap:DerivativeFairValueOfDerivativeAsset id="ID_1130" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherCurrentAssetsMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_HeldForTradingHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeFairValueOfDerivativeAsset>
  <us-gaap:DerivativeFairValueOfDerivativeLiability id="ID_1131" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentLiabilitiesMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeFairValueOfDerivativeLiability>
  <us-gaap:DerivativeFairValueOfDerivativeAsset id="ID_1132" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentAssetsMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_OtherDerivativesHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeFairValueOfDerivativeAsset>
  <us-gaap:DerivativeFairValueOfDerivativeAsset id="ID_1133" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentAssetsMember_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_OtherDerivativesHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeFairValueOfDerivativeAsset>
  <us-gaap:DerivativeLiabilityCollateralRightToReclaimCashOffset id="ID_1134" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentAssetsMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">26000000</us-gaap:DerivativeLiabilityCollateralRightToReclaimCashOffset>
  <us-gaap:UnrealizedGainLossOnCashFlowHedgingInstruments id="ID_1135" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_IncomeStatementLocationAxis_ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember" unitRef="CAD" decimals="-6">0</us-gaap:UnrealizedGainLossOnCashFlowHedgingInstruments>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1136" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_IncomeStatementLocationAxis_us-gaap_GainLossOnInvestmentsMember1" unitRef="CAD" decimals="-6">-1000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1137" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_IncomeStatementLocationAxis_us-gaap_InterestExpenseMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:UnrealizedGainLossOnDerivatives id="ID_1138" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_ema_RegulatoryAssetsMember" unitRef="CAD" decimals="-5">-2000000</us-gaap:UnrealizedGainLossOnDerivatives>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1139" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_PropertyPlantAndEquipmentMember" unitRef="CAD" decimals="-5">0</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet id="ID_1140" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PowerSwapsAndPhysicalContractsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_HeldForTradingHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember" unitRef="CAD" decimals="-6">0</us-gaap:GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_1141" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeOptionMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_us-gaap_OtherOperatingIncomeExpenseMember" unitRef="USD" decimals="-6">0</us-gaap:DerivativeGainLossOnDerivativeNet>
  <ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet id="ID_1142" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesAPreferredStockMember" unitRef="CAD" decimals="-5">95000000</ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet>
  <us-gaap:MinorityInterest id="ID_1143" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_DominicaElectricityServicesLtdMember" unitRef="CAD" decimals="-6">23000000</us-gaap:MinorityInterest>
  <ema:IndirectWhollyOwnedSubsidiarySharesAcquired id="ID_1144" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraCaribbeanIncorporatedParentMember" unitRef="shares" decimals="-5">700000</ema:IndirectWhollyOwnedSubsidiarySharesAcquired>
  <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable id="ID_1145" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-14000000</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock id="ID_1146" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;28.  COMMITMENTS AND CONTINGENCIES &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:11pt;font-weight:bold;margin-left:0pt;' &gt;A.   &lt;/font&gt;&lt;font style='font-family:Arial;font-size:11pt;font-weight:bold;' &gt;Commitments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, contractual commitments (excluding pensions and other post-retirement obligations, convertible debentures, long-term debt and AROs) for each of the next five years and in aggregate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; thereafter consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Thereafter&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Purchased power &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  253&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  224&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  206&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  202&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  198&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,272&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,355&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fuel and gas supply&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  161&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  795&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Demand Side Management&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Transportation &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  496&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  392&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  310&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  280&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  196&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,622&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term service agreements &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  527&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Capital projects&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  133&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity investment commitments &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  236&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  436&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Leases and other &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  66&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  187&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,793&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  897&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  719&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  766&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  466&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,191&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8,832&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Annual requirement to purchase electricity production from independent power producers or other utilities over varying contract lengths.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;&amp;#160; &amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Purchasing commitments for transportation of fuel and transportation capacity on various pipelines.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) &amp;#160; Maintenance of certain generating equipment, services related to a generation facility and wind operating agreements, outsourced management of computer and communication infrastructure and vegetation management.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)  &amp;#160;Emera has a commitment in connection with the Federal Loan Guarantee (&amp;quot;FLG&amp;quot;) to complete construction of the Maritime Link.  Thirty per cent of the financing of this project will come from Emera as equity.  Emera also has a commitment to make equity contributions to the Labrador Island Link Limited Partnership upon draw requests from the general partner.  The amounts forecasted are a combination of equity investments for both projects and are subject to change in both timing and amounts as the projects advance through construction.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5)  &amp;#160;Operating lease agreements for office space, land, plant fixtures and equipment, telecommunications services, rail cars and vehicles.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In connection with the acquisition of TECO Energy, Emera made certain commitments approved by the NMPRC.  See note 4 for additional information.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Beginning in 2018, NSPI has a contractual obligation to pay NSPML for use of the Maritime Link over 35 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;years. The timing and amount of future payments could change based on UARB approval and final costing of the Maritime Link after construction is complete.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;B.   Legal Proceedings&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Between September 16, 2015 and November 2, 2015, purported shareholders of TECO Energy filed 12 separate complaints styled as class action lawsuits in the Circuit Court for the 13th Judicial Circuit, in and for Hillsborough &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;County, Florida or the United States District Court for the Middle District of Florida (the &amp;#8220;Merger Litigation&amp;#8221;).&amp;#160; Each complaint alleges, among other things, that the Board of Directors of TECO Energy breached its fiduciary duties in agreeing to the acqui&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sition agreement and that Emera and/or Emera US Inc. aided and abetted such alleged breaches. The complaints sought to enjoin the merger pursuant to the acquisition agreement.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On November 17, 2015, TECO Energy, Emera, Emera US Inc. and the Board of Direct&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ors of TECO Energy entered into a memorandum of understanding with the shareholder plaintiffs to settle all of the Merger Litigation, subject to negotiation of a stipulation of settlement with the plaintiffs and to court approval.&amp;#160; The memorandum of unders&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tanding provides for all claims against the defendants to be released in exchange for TECO Energy making certain additional disclosures to its shareholders related to the proposed merger, which have now been made.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 16, 2016, the judge entered a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n order and final judgement approving a stipulation of settlement negotiated by the parties, thereby concluding this matter.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera Florida and New Mexico  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;TECO Coal&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO Coal was sold by TECO Energy on September 21, 2015 to Cambrian Coal Corporation (&amp;#8220;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Cambrian&amp;#8221;), prior to Emera&amp;#8217;s acquisition. On March 18, 2016, Cambrian delivered a notice of a purported claim to TECO Diversified.  The claim asserted breach of certain representations, and fraud and willful misconduct in connection therewith, of the Secur&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ities Purchase Agreement dated September 21, 2015 by and between TECO Diversified and Cambrian related to the purchase of TECO Coal by Cambrian.  While the outcome of such matter is uncertain, management does not believe that its ultimate resolution will h&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ave a material adverse effect on the Company&amp;#8217;s results of operations, financial condition or cash flows.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;TECO Guatemala Holdings (&amp;#8220;TGH&amp;#8221;)&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December&amp;#160;19, 2013, the International Centre for the Settlement of Investment Disputes (&amp;#8220;ICSID&amp;#8221;) Tribunal hearing&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the arbitration claim of TGH, a wholly owned subsidiary of TECO Energy, against the Republic of Guatemala (Guatemala) under the Dominican Republic Central America &amp;#8211; United States Fee Trade Agreement, issued an award in the case (&amp;#8220;the Award&amp;#8221;). The ICSID Tr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ibunal unanimously found in favor of TGH and awarded damages to TGH of approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;21&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD, plus interest from October&amp;#160;21, 2010 at a rate equal to the U.S. prime rate plus &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On April&amp;#160;18, 2014, Guatemala filed an application for annulm&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ent of the entire Award (or, alternatively, certain parts of the Award) pursuant to applicable ICSID rules. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On April&amp;#160;18, 2014, TGH separately filed an application for partial annulment of the Award on the basis of certain defici&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;encies in the ICSID Tribunal&amp;#8217;s determination of the amount of TGH&amp;#8217;s damages. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On April 5, 2016, an ICSID ad hoc Committee issued a decision in favor of TGH in the annulment proceedings. In its decision, the ad hoc Committee unanimously dismissed Guatemala&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8217;s application for annulment of the award and upheld the original $21 million USD award, plus interest. In addition, the ad hoc Committee granted TGH&amp;#8217;s application for partial annulment of the award, and ordered Guatemala to pay certain costs relating to t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;he annulment proceedings. As a result, TGH had the right to resubmit its &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;arbitration claim against Guatemala to seek additional damages (in addition to the previously awarded $21 million USD), as well as additional interest on the $21 million USD, and its &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;full costs relating to the original arbitration and the new arbitration proceeding. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On September 23, 2016, TGH filed a request for resubmission to arbitration. On October 3, 2016, ICSID issued a notice of registration for TGH&amp;#8217;s request for resubmission. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; TGH and Guatemala have each selected an arbitrator and ICSID has recently selected a President for the new tribunal.  Results to date do not reflect any benefit.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Superfund and Former Manufactured Gas Plant Sites&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TEC, through its Tampa Electric and Peopl&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es Gas divisions, is a potentially responsible party (&amp;#8220;PRP&amp;#8221;) for certain superfund sites and, through its Peoples Gas division, for certain former manufactured gas plant sites. While the joint and several liability associated with these sites presents the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;potential for significant response costs, as at December 31, 2016, TEC has estimated its ultimate financial liability to be $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;43&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;32&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD), primarily at PGS. This amount has been accrued and is primarily reflected in the long-term liability &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;section under &amp;#8220;Other long-term liabilities&amp;#8221; on the Consolidated Balance Sheets. The environmental remediation costs associated with these sites are expected to be paid over many years.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The estimated amounts represent only the portion of the cleanup costs &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;attributable to TEC. The estimates to perform the work are based on TEC&amp;#8217;s experience with similar work, adjusted for site-specific conditions and agreements with the respective governmental agencies. The estimates are made in current dollars, are not disco&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unted and do not assume any insurance recoveries.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In instances where other PRPs are involved, most of those PRPs are creditworthy and are likely to continue to be creditworthy for the duration of the remediation work. However, in those instances that they&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; are not, TEC could be liable for more than TEC&amp;#8217;s actual percentage of the remediation costs.  Factors that could impact these estimates include the ability of other PRPs to pay their pro-rata portion of the cleanup costs, additional testing and investigat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ion which could expand the scope of the cleanup activities, additional liability that might arise from the cleanup activities themselves or changes in laws or regulations that could require additional remediation. Under current regulations, these costs are&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; recoverable through customer rates established in subsequent base rate proceedings.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  The FPSC has approved, as part of the PGS depreciation settlement as discussed in note 17, an agreement to accelerate the amortization of the regulated asset associated w&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ith this reserve.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera Maine&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On September 30, 2011, a group including the Attorney General of Massachusetts, New England utilities commissions, state public advocates and end users filed a complaint with the FERC alleging that the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.14&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent base RO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;E under the ISO-New England (&amp;#8220;ISO-NE&amp;#8221;) Open Access Transmission Tariff (&amp;#8220;OATT&amp;#8221;) was unjust and unreasonable.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 19, 2014, the FERC issued an order in connection with this complaint that changed the methodology used to set the ROE and resulted in a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lower base transmission ROE of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.57&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent and a lower total ROE (inclusive of incentive adders) of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.74 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent for the period of October 1, 2011 to December 31, 2012.&amp;#160; The ROE was confirmed by FERC in two subsequent orders and has now been appealed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to the U.S. Court of Appeals for the DC Circuit.  The Court has decided to hold the appeal of this case in abeyance pending the outcome of the ENE Case and MA AG II Case discussed below.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 30, 2016, Emera Maine completed the processing of refunds to&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers to reflect the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.57&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent ROE.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 27, 2012, a second group of consumer advocates, including Environment Northeast, filed a complaint with the FERC on similar grounds, arguing that the 11.14 per cent base ROE under the OATT was un&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;just and unreasonable (&amp;#8220;the ENE Case&amp;#8221;).&amp;#160; This complaint applies to the period from January 1, 2013 to March 31, 2014.  On July 31, 2014, a group of state commissions, state public advocates and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;end users filed a third complaint with the FERC on similar gro&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unds (&amp;#8220;the MA AG II Case&amp;#8221;) in relation to the period from July 31, 2014 to October 31, 2015. The ENE Case and MA AG II Case were subsequently consolidated by FERC into a single case.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On March 22, 2016, a FERC Administrative Law Judge (&amp;#8220;ALJ&amp;#8221;) issued a reco&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;mmended decision to FERC with respect to the consolidated cases.&amp;#160; The recommendation for the ENE Case was a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9.59 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent base&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ROE, with a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.42 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent maximum ROE, and the recommendation for the MA AG II Case was a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.90 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent base ROE, with a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;12.19 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent maximum ROE. The ALJ&amp;#8217;s recommended decision is not definitive and FERC has the ability to adjust the ALJ&amp;#8217;s recommended decision.  A decision by FERC is not expected until early 2017.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On April 29, 2016, an additional complaint was filed with FERC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;challenging the ROE under the ISO-NE transmission tariff.&amp;#160; The complaint was filed by the Eastern Massachusetts Consumer-Owned Systems (&amp;#8220;EMCOS&amp;#8221;), a collection of thirteen municipal light departments, seeking to reduce the base ROE to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8.61 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent and the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;maximum ROE to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.24&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent for the period April 29, 2016 to July 29, 2017.&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;&amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera Maine has recorded a reserve of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million pre-tax ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD) (December 31, 2015 - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million or $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD) for the ENE Case and MA AG II Case. The reserves r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ecorded for these complaints have been recorded as &amp;#8220;Regulatory Liabilities&amp;#8221; on the Consolidated Balance Sheets and as a reduction to &amp;#8220;Operating revenues &amp;#8211; regulated electric&amp;#8221; on the Consolidated Statements of Income.  The reserve was calculated on a 10.57 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent base and represents Emera Maine&amp;#8217;s best estimate of the probable outcome. &amp;#160;No update has been made to the reserve as a result of the ALJ recommendation as it is pending approval by the FERC and is considered uncertain until that time.  No reserve h&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as been made as a result of the EMCOS complaint, as the outcome is considered uncertain. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Other Legal Proceedings&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:justify;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera and its subsidiaries may, from time to time, be involved in other legal proceedings, claims and litigation that arise in the ordinary &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;course of business which the Company believes would not reasonably be expected to have a material adverse effect on the financial condition of the Company. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:18pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;C.  Environment&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s activities are subject to a broad range of federal, provincial, state, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regional and local laws and environmental regulations, designed to protect, restore and enhance the quality of the environment including air, water and solid waste.  Emera estimates its environmental capital expenditures, excluding AFUDC, based upon presen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t environmental laws and regulations.  Amounts that have been committed to are included in &amp;#8220;Capital projects&amp;#8221; in the commitments table in note 28A.  The estimated expenditures do not include costs related to possible changes in the environmental laws o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r regulations and enforcement policies that may be enacted in response to issues such as climate change and other pollutant emissions.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera Florida and New Mexico&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Tampa Electric operates fossil fuel burning power plants&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;with air emissions regulated by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the Clean Air Act and material Clean Water Act implications and impacts by federal and state legislative initiatives.  Tampa Electric has achieved the emission-reduction levels called for in Phase I and Phase II of Clean Air Interstate Rule (&amp;#8220;CAIR&amp;#8221;) and th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ese expenses were rate recoverable under the Florida environmental cost recovery clause (&amp;#8220;ECRC&amp;#8221;) as approved by the FPSC.  Similarly, future expenses should be eligible for recovery upon petition by Tampa Electric and approval by the FPSC.  On July 7, 2011&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, EPA released its final CAIR-replacement rule, called Cross-State Air Pollution Rule (&amp;#8220;CSAPR&amp;#8221;).  An update to CSAPR was finalized on October 26, 2016 and will be implemented in 2017.  Based on updated EPA modeling and favorable consideration of atmospheri&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;c dynamics, Florida is no longer subject to CSAPR requirements.  However, Florida (including Tampa Electric power plants) could be subject to a future version of CSAPR &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as a result of an expected update triggered by compliance with the more stringent 2015 o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;zone standard or ongoing litigation related to current rule applicability.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;NSPI&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI&amp;#8217;s activities are subject to a broad range of federal, provincial, regional and local laws and environmental regulations, designed to protect, restore and enhance the qua&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lity of the environment including air, water and solid waste. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In November 2014, the Government of Canada and the Province of Nova Scotia entered into a Greenhouse gas (&amp;#8220;GHG&amp;#8221;) emission regulatio&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ns equivalency agreement, which allows NSPI to achieve compliance with federal GHG emissions regulations by meeting provincial legislative and regulatory requirements as they are deemed to be equivalent. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In March 2016, Canada&amp;#8217;s First Ministers issued the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8220;Vancouver Declaration&amp;#8221; on clean growth and climate change. First Ministers agreed to develop a Pan-Canadian Framework and implement it by early 2017. Four working groups, comprised of federal, provincial and territorial officials were established to prov&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ide recommendations and research to the Federal government.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI provided input into this process through the Nova Scotia government, the Government of Canada and directly to the working groups through the submission of a discussion paper.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In October 2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;016, the Government of Canada announced that the pan-Canadian framework would include a national price on carbon component, implemented by 2018 through either a carbon tax or a cap and trade system, applicable in each province except those which enact thei&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r own comparable carbon pricing mechanism by that time. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On November 21, 2016, the Government of Canada announced a second component of the plan would include an accelerated plan to phase out coal in Canada, to transition Canada&amp;#39;s electricity system towar&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ds &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;90&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent non-emitting generation sources by 2030.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On the same day, the Province of Nova Scotia and the Government of Canada made two announcements regarding Nova Scotia&amp;#8217;s participation in the Pan-Canadian plan:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Carbon pricing component &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;An agreemen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t in principle covering the carbon component had been reached and will be governed on the following principles: &lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Nova Scotia will adopt a province-wide 2030 emissions reduction target equal or greater than Canada&amp;#8217;s target of a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;30&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent reduction from 20&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;05 levels by 2030;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Nova Scotia will implement an agreed upon cap and trade system; and&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Province of Nova Scotia and the Government of Canada will agree upon a methodology and scenarios for the modeling of projected GHG emissions to support the developme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nt of Nova Scotia&amp;#8217;s cap and trade system.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Accelerated phase out of coal component&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Nova Scotia and the Government of Canada will establish a new equivalency agreement that will enable the province to move directly from fossil fue&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ls to clean energy sources and enable NSPI&amp;#8217;s coal-fired plants to operate at some capacity beyond 2030. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 9, 2016, the Government of Canada and eight provinces (including Nova Scotia) signed the Pan Canadian Framework on Clean Growth and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Climate Change. The Government of Canada has committed to ensuring that the provinces and territories have the flexibility to design their own policies and programs to meet emission-reduction targets, supported by federal investments in infrastructure, spe&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cific emission-reduction opportunities and clean technologies. Details under the agreements are expected to be finalized by the end of 2017.  NSPI anticipates that any costs prudently incurred to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;achieve the legislated reductions would be recoverable from &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers under NSPI&amp;#8217;s regulatory framework. NSPI will continue to work with both the Province of Nova Scotia and the Government of Canada as the details of the agreements are finalized and to advance solutions that are in the best interest of customers.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Government of Canada has indicated their intention to resume discussions regarding Base Level Industrial Emission Requirements (&amp;#8221;BLIER&amp;#8221;s) for sulphur dioxide and nitrogen dioxide and have outlined their intention to develop a Clean Energy Standard for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;natural gas and possibly diesel. The details of both processes are not yet known. NSPI will participate in these processes in 2017.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI estimates its environmental capital expenditures, excluding AFUDC, based upon present environmental laws and regulatio&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ns will be approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;41&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million during fiscal &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2017&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and are estimated to be $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;41&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million from &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2018&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; through &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2021&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  Amounts that have been committed to are included in &amp;#8220;Capital projects&amp;#8221; in the commitments table in note 28A.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Conformance&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; with legislative and NSPI internal requirements is verified through a comprehensive environmental audit program.  There were no significant environmental or regulatory compliance issues identified during the audits completed to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Polychlorin&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ated Biphenyl Equipment &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In response to the Canadian Environmental Protection Act 1999, 2008 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Polychlorinated Biphenyl&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&amp;#8220;PCB&amp;#8221;) Regulations to phase out electrical equipment and liquids containing PCBs, NSPI has implemented a program to eliminate transformers and other oil-filled electrical equipment on its system that fall under the 2008 PCB Regulations Standard by the end&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of 2025.  This also includes PCB contaminated pole mounted transformers. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The combined total cost of these projects is estimated to be $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;43&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million and, as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, approximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;28&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;20&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) has been spent to date.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NSPI h&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as recognized an ARO on the balance sheet of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million as at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;15&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) associated with the PCB phase-out program. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera Energy Emissions&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The NEGG Facilities are subject to the RGGI for carbon dioxide emissions and the Acid&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Rain Program for sulphur dioxide emissions. The NEGG Facilities emit approximately two million tons of carbon dioxide&lt;/font&gt;&lt;sub&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/sub&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per year.&amp;#160; The amount of sulphur dioxide emitted is not considered significant.&amp;#160; Changes to these emissions programs could adversely impa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ct financial and operational performance.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;D.   Principal Risks and Uncertainties&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In this section, Emera describes some of the principal risks management believes could materially affect Emera&amp;#8217;s business, revenues, operating income, net income, net assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;or liquidity or capital resources in the near term.  The nature of risk is such that no list can be comprehensive, and other risks may arise, or risks not currently considered material may become material in the future.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Sound risk management is an essenti&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;al discipline for running the business efficiently and pursuing the Company&amp;#8217;s strategy successfully.  Emera has a business-wide risk management process, monitored by the Board of Directors, to ensure a consistent and coherent approach to risk management.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Regulatory and Political Risk &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company&amp;#8217;s rate-regulated subsidiaries and certain investments subject to significant influence are subject to risk of the recovery of costs and investments.  As cost-of-service utilities with an obligation to serve &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers, Tampa Electric, PGS, NMGC, NSPI, Emera Maine, BLPC, GBPC, and Domlec must obtain regulatory approval to change electricity rates and/or riders from their respective regulators.  Costs and investments can be recovered upon approval by the respect&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ive regulator as an adjustment to rates and/or riders, which normally requires a public hearing process or may be mandated by other &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;governmental bodies.  In addition, the commercial and regulatory frameworks under which Emera and its subsidiaries operate c&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;an be impacted by significant shifts in government policy (including shifts in policy which could occur as a result of climate change concerns) and changes in governments. Emera&amp;#8217;s investments in entities in which it has significant influence and which are &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;subject to regulatory risk include:  NSPML, LIL, M&amp;amp;NP and Lucelec.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;During public hearing processes, consultants and customer representatives scrutinize the costs, actions and plans of these rate regulated companies and their respective regulators determin&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e whether to allow recovery and to adjust rates based upon the evidence and any contrary evidence from other parties.  In some circumstances, other government bodies may influence the setting of rates.  The subsidiaries manage this regulatory risk through &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;transparent regulatory disclosure, ongoing stakeholder and government consultation and multi-party engagement on aspects such as utility operations, fuel-related audits, rate filings and capital plans.  The subsidiaries employ a collaborative regulatory ap&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;proach through technical conferences and, where appropriate, negotiated settlements.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Weather and Climate Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Shifts in weather patterns affect energy sales and associated revenues and costs.  Extreme weather events generally result in increased operatin&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;g costs associated with restoring service to customers as a result of unplanned outages. Emera responds to outages which occur as a result of significant weather events according to each subsidiary&amp;#8217;s respective emergency services restoration plan.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Changes&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; in Environmental Legislation &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera is subject to regulation by federal, provincial, state, regional and local authorities with regard to environmental matters; primarily related to its utility operations. This includes laws setting GHG emissions &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;standards and air emissions standards.  Emera is also subject to laws regarding the generation, storage, transportation, use and disposal of hazardous substances and materials.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In addition to imposing continuing compliance obligations, there are&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;permit re&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quirements, laws and regulations authorizing the imposition of penalties for non-compliance, including fines, injunctive relief and other sanctions.  The cost of complying with current and future environmental requirements is, and may be, material to Emera&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  Failure to comply with environmental requirements or to recover environmental costs in a timely manner through rates could have a material adverse effect on Emera.  In addition, Emera&amp;#8217;s business could be materially affected by changes in government poli&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cy, utility regulation, and environmental and other legislation that could occur in response to environmental and climate change concerns.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;New emission reductions requirements for the utilities sector are being established by governments in Canada and the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; United States. Changes to GHG emissions standards and air emissions standards could adversely affect Emera&amp;#8217;s operations and financial performance. Stricter environmental laws and enforcement of such laws in the future could increase Emera&amp;#8217;s exposure to ad&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ditional liabilities and costs. These changes could also affect earnings and strategy by changing the nature and timing of capital investments.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera manages its environmental risk by operating in a manner that is respectful and protective of the environm&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ent and with the objective of achieving full compliance with applicable laws, legislation and company policies and standards.  Emera has implemented this policy through the development and application of environmental management systems in its operating su&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;bsidiaries.  Comprehensive audit programs are also in place to regularly test compliance with such laws, policies and standards.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Foreign Exchange Risk &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company is exposed to foreign currency exchange rate changes.  Emera operates globally, with an in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;creasing amount of the Company&amp;#8217;s adjusted net income earned outside of Canada.  As such, Emera is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;exposed to movements in exchange rates between the Canadian dollar and, particularly, the US dollar, which could positively or adversely affect results.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Co&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nsistent with the Company&amp;#8217;s risk management policies, Emera manages currency risks through matching US denominated debt to finance its US operations and uses short-term foreign currency derivative instruments to hedge specific transactions.  The Company en&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ters into foreign exchange forward and swap contracts to limit exposure on certain foreign currency transactions such as fuel purchases, revenues streams, capital expenditures and capital projects.  The regulatory framework for the Company&amp;#8217;s rate-regulated&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; subsidiaries permits the recovery of prudently incurred costs, including foreign exchange.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company does not utilize derivative financial instruments for foreign currency trading or speculative purposes, or to hedge the value of its investments in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;foreign subsidiaries.  Exchange gains and losses on net investments in foreign subsidiaries are included in AOCI.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Capital Market and Liquidity Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s operations and projects in development require significant capital investments in property, plant &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and equipment. Consequently, Emera is an active participant in the debt and equity markets. After giving effect to the TECO Energy acquisition, Emera now has total debt of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;15&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; billion.  Any disruption in capital markets could have a material impact on Emer&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a&amp;#8217;s ability to fund its operations.  Capital markets are global in nature and are affected by numerous events throughout the world economy.  Capital market disruptions could prevent Emera from issuing new securities or cause the Company to issue securities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; with less than preferred terms and conditions. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera is subject to financial risk associated with changes in its credit ratings.  There are a number of factors that rating agencies evaluate to determine credit ratings, including the company&amp;#8217;s business a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nd regulatory framework, the ability to recover costs and earn returns, diversification, leverage, and liquidity.  A change to a credit rating as a result of changes in any of these items could result in higher interest rates in future financings, increase&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; borrowing costs under certain existing credit facilities, limit access to the commercial paper market or limit the availability of adequate credit support for subsidiary operations.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Liquidity risk relates to Emera&amp;#8217;s ability to ensure sufficient funds are&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; available to meet its financial obligations.  Emera manages this risk by forecasting cash requirements on a continuous basis to determine whether sufficient funds are available.  Liquidity and capital needs will be financed through internally generated ca&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sh flows, short-term credit facilities, and ongoing access to capital markets. The Company reasonably expects liquidity sources to exceed ordinary course capital needs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Interest Rate Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera utilizes a combination of fixed and floating&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; rate debt financing for operations and capital expenditures, resulting in an exposure to interest rate risk.  Emera seeks to manage interest rate risk through a portfolio approach that includes the use of fixed and floating rate debt with staggered maturi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ties.  The Company will, from time to time, issue long-term debt or enter into interest rate hedging contracts to limit its exposure to fluctuations in floating interest rate debt.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;For Emera&amp;#8217;s regulated subsidiaries, the cost of debt is a component of rat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es and prudently incurred debt costs are recovered from customers.  While regulatory ROE will generally follow the direction of interest rates, such that regulatory ROE&amp;#8217;s are likely to fall in times of reducing interest rates and raise in times of increasi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ng interest rates, albeit not directly and generally with a lag period reflecting the regulatory process.  Rising interest rates may also negatively affect the economic viability of project development and acquisition initiatives.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Commercial Relationships&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company is exposed to commercial relationships risk in respect of its reliance on certain key partners, suppliers and customers.  The Company manages its commercial relationships risk by monitoring credit risk and monitoring of significant devel&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;opments with its customers, partners and suppliers.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Commodity Price Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;A large portion of the Company&amp;#8217;s fuel supply comes from international suppliers and is subject to commodity price risk.  The Company manages this risk through established processes &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and practices to identify, monitor, report and mitigate these risks.  Fuel contracts may be exposed to broader global conditions, which may include impacts on delivery reliability and price, despite contracted terms.  The Company seeks to manage this risk &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;through the use of financial hedging instruments and physical contracts and through contractual protection with counterparties, where applicable.  In addition, the adoption and implementation of fuel adjustment mechanisms in its rate-regulated subsidiaries&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; has further helped manage this risk, as the regulatory framework for the Company&amp;#8217;s rate-regulated subsidiaries permits the recovery of prudently incurred fuel costs.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Income Tax Risk&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:18pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The computation of the Company&amp;#8217;s provision for income taxes is impacted&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; by changes in tax legislation in Canada, the United States and the Caribbean.  Any such changes could affect the Company&amp;#8217;s future earnings, cash flows, and financial position. The value of Emera&amp;#8217;s existing deferred tax benefits are determined by existing &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tax laws and could be negatively impacted by changes in laws.  &amp;#8220;Comprehensive tax reform&amp;#8221; remains a topic of discussion in the U.S. Congress.  Such legislation could significantly alter the existing tax code, including a reduction in the corporate income t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ax rate.  Although a reduction in the corporate income tax rate could result in lower future tax expense and tax payments, it would also reduce the value of the Company&amp;#8217;s existing deferred tax assets and could result in a charge to earnings if written down&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. Emera monitors the status of existing tax laws to ensure that changes impacting the Company are appropriately reflected in the Company&amp;#8217;s tax compliance filings and financial results.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;E.   Guarantees and Letters of Credit&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera had significant guarantees &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and letters of credit on behalf of third parties outstanding as discussed below.  These are not included within the Consolidated Balance Sheets as at December 31, 2016.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera has provided a completion guarantee to the Government of Canada, whereby it has &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;guaranteed the performance of the obligations of NSPML to cause the completion of the Maritime Link Project, subject to certain conditions set out in that guarantee.  The cost of those obligations is estimated to be $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.577 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;billion, which reduces in the ord&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;inary course as project costs are paid.  The current exposure as at December 31, 2016 is $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;577&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO Coal was sold on September 21, 2015 to Cambrian Coal Corporation (&amp;#8220;Cambrian&amp;#8221;).  Pursuant to the sales agreement, Cambrian is obligated to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;file applications required in connection with the change of control with the appropriate governmental entities.  Once the applicable governmental agency deems each application to be acceptable, Cambrian is obligated to post a bond or other appropriate coll&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ateral necessary to obtain the release of the corresponding bond secured by the TECO Energy indemnity for that permit. Until the bonds secured by TECO Energy&amp;#39;s indemnity are released, TECO Energy&amp;#39;s indemnity will remain effective. As a result of the sale i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n September 2015, the letters of indemnity guaranteed $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;124&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;95&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO Energy has remaining letters of indemnity related to TECO Coal, which totaled $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;80&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;59&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD) at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. As of that date Cambrian had posted ap&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;proximately $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;54&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million ($&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;40&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD) of additional reclamation bonds to replace corresponding reclamation bonds supported by TECO Energy&amp;#8217;s indemnity.  TECO Energy&amp;#8217;s indemnity obligations in respect of such bonds will not be released until the applicab&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;le State department processes the applicable permit transfers and releases &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;such bonds.  These letters of indemnity guarantee payments to certain surety companies that issued reclamation bonds to the Commonwealths of Kentucky and Virginia in connection with&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; TECO Coal&amp;#39;s mining operations.  Payments to the surety companies would be triggered if the reclamation bonds are called upon by either of these states and the permit holder, TECO Coal, does not pay the surety. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The amounts outlined above represent the ma&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ximum theoretical amounts that TECO Energy would be required to pay to the surety companies. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The company is working with Cambrian on the process to replace the remaining bonds. Pursuant to the securities purchase agreement, Cambrian has the obligation to&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; indemnify and hold TECO Energy harmless from any losses incurred that arise out of the coal mining permits during the period commencing on the closing date through the date all permit approvals are obtained.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NSPI has a standby letter of credit to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;secure obligations under an unfunded pension plan in NSPI.  The letter of credit expires in June 2017 and is renewed annually.  The amount committed as at December 31, 2016 was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;47&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;	&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera has standby letters of credit in the amount of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;24&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million USD for the benefit of secured parties in connection with a refinancing of the Bear Swamp joint venture and also to third parties that have extended credit to Emera and its subsidiaries. These letters of credit typically have a one-year term and a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;re renewed annually as required. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Collaborative Arrangement&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;s&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;For the years ended&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; December 31, 2016 and 2015, the Company has identified the following material collaborative arrangements:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Through NSPI, the Company is a participant in three wind energy projects in Nova Scotia.  The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;percentage ownership of the wind project assets is based on the relative value of each party&amp;#8217;s project assets by the total project assets.  NSPI has power purchase arrangements to purchase the entire net output of the projects and, therefore, NSPI&amp;#8217;s portio&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n of the revenues are recorded net within regulated fuel for generation and purchased power.  NSPI&amp;#8217;s portion of operating expenses is recorded in operating, maintenance and general (&amp;#8220;OM&amp;amp;G&amp;#8221;) expenses.  In 2016, NSPI recognized $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;18&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million net expense (2015 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;- $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) in &amp;#8220;Regulated fuel for generation and purchased power&amp;#8221; and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (2015 - $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) in &amp;#8220;OM&amp;amp;G&amp;#8221;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock id="ID_1147" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in the fair value of the Level 3 financial assets for the year ended December 31, 2016 was as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory Deferral&lt;/font&gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:146.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:146.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash Flow Hedges and HFT Derivatives&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Oil Financial derivatives&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;gas &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increase (reduction) in benefit included in regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gains (losses) included in regulatory assets or liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total realized and unrealized gains (losses) included in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net transfers out of Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in the fair value of the Level 3 financial liabilities for the year ended December 31, 2016 was as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:210pt;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory Deferral&lt;/font&gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:161.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash Flow Hedges and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT Derivatives&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:210pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Oil Financial derivatives&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;gas &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total realized and unrealized gains (losses) included in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016 &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
  <us-gaap:FairValueInstrumentsClassifiedInShareholdersEquityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock id="ID_1148" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:322.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Valuation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Technique &lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Range &lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted average&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral &amp;#8211; Financial &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$69.64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$69.64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;oil derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.80%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.80%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.41 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$3.87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Natural gas swaps,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;futures, forwards,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.32%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.05%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.83 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$6.16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;and related transportation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basis adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(0.11)% - 0.64%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.39%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.05%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.10%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  386&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.55 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$6.26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Natural gas swaps, futures, &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Own credit risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.14%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.02%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.83 - $11.87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basis adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(0.11)% - 0.64%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.27%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Own credit risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.05%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.10%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (349)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:327pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:327pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Valuation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Technique &lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unobservable Input&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Range &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted average&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral &amp;#8211; Physical &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.15 - $6.21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$26.27 - $129.20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$70.45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Power swaps and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Correlation factor&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.98% - 1.00% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.99%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.02%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.15% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.13 - $9.12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$3.26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.10% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.33% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.04%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$1.25 - $15.74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$6.19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basis adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(0.06)% - 0.95%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.68%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.09% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.08% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$26.27 - $129.20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$70.82&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Power swaps and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Correlation factor&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.98% - 1.00% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.99%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Own credit risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.02%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.15% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; &amp;#8211;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Modelled pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Third-party pricing&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$0.74 - $10.59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$5.58&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Natural gas swaps,&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Probability of default&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.03% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.00% - 0.12% &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.01%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (226)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueInstrumentsClassifiedInShareholdersEquityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock>
  <us-gaap:FairValueEstimateNotPracticableTextBlock id="ID_1149" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:24.75pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:427.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:427.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The financial assets and liabilities included on the Consolidated Balance Sheets that are not measured at fair value consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:111pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:219.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:219.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Carrying Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term debt (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14,744&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15,723&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14,843&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  802&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15,723&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:111pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:219.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:219.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Carrying Amount&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term debt (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,009&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,487&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,841&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  646&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:FairValueEstimateNotPracticableTextBlock>
  <us-gaap:ScheduleOfExpectedBenefitPaymentsTableTextBlock id="ID_1150" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Expected employer contributions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  117&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Expected benefit payments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  140&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  165&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2022 &amp;#8211; 2026&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  912&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfExpectedBenefitPaymentsTableTextBlock>
  <us-gaap:ScheduleOfAssumptionsUsedTableTextBlock id="ID_1151" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Assumptions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:27.75pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:459.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:459.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table shows the assumptions that have been used in accounting for defined benefit pension and other post-retirement benefit plans:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:145.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:145.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(weighted average assumptions)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Benefit obligation &amp;#8211; December 31:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3.96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.02&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.04&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Rate of compensation increase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.07&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Health care trend  - initial (next year)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;6.78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - ultimate &lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - year ultimate reached&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Benefit cost for year ended December 31:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3.79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3.88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected long-term return on plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;6.33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Rate of compensation increase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.07&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Health care trend  - initial (current year)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;6.76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.90&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - ultimate &lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - year ultimate reached&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Figures shown are weighted averages.  Actual assumptions used differ by plan.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAssumptionsUsedTableTextBlock>
  <us-gaap:ScheduleOfStockByClassTextBlock id="ID_1152" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:463.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Authorized:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:463.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Unlimited number of First Preferred shares, issuable in series.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:463.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Unlimited number of Second Preferred shares, issuable in series.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:122.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:122.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:126pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Annual Dividend&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Redemption&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Issued and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Issued and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Per Share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Price per share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Proceeds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Proceeds&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.6388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3,864,636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3,864,636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series B&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Floating&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2,135,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,135,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series C&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1.0250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;10,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  245&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  245&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series E&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1.1250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;26.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  122&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series F&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1.0625&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;8,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  195&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;8,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  195&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;29,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  709&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;29,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfStockByClassTextBlock>
  <us-gaap:ContractualObligationDueInSecondYear id="ID_1153" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_EquityInvestmentCommitmentsMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInSecondYear>
  <us-gaap:ContractualObligationDueAfterFifthYear id="ID_1154" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">4191000000</us-gaap:ContractualObligationDueAfterFifthYear>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1 id="ID_1155" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_PlanNameAxis_ema_StockOptionPlanMember">P2Y3M18D</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1>
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  <us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets id="ID_1158" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_BalanceSheetLocationAxis_ema_AvailableForSaleInvestmentAndRestrictedCashMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_ema_NspMaritimeLinkIncMember" unitRef="CAD" decimals="-6">188000000</us-gaap:VariableInterestEntityNonconsolidatedCarryingAmountAssets>
  <us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount id="ID_1159" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_BalanceSheetLocationAxis_ema_AvailableForSaleInvestmentAndRestrictedCashMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_ema_NspMaritimeLinkIncMember" unitRef="CAD" decimals="-6">1007000000</us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount>
  <us-gaap:CostsAndExpenses id="ID_1160" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:CostsAndExpenses>
  <us-gaap:CostsAndExpenses id="ID_1161" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">2127000000</us-gaap:CostsAndExpenses>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_1162" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">26000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:NetIncomeLoss id="ID_1163" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">82000000</us-gaap:NetIncomeLoss>
  <us-gaap:RegulatedOperatingRevenueGas id="ID_1164" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:RegulatedOperatingRevenueGas>
  <us-gaap:CostOfDomesticRegulatedGasRevenue id="ID_1165" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:CostOfDomesticRegulatedGasRevenue>
  <us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock id="ID_1166" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increases due to tax positions related to current year&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increases due to tax positions related to a prior year&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock>
  <us-gaap:SummaryOfTaxCreditCarryforwardsTextBlock id="ID_1167" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12.75pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table summarizes as at December 31, 2016 the deferred tax assets associated with NOL, capital loss and tax credit carry forwards and the associated expiration periods, and the valuation allowances for amounts which Emera has determined that realization is uncertain:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:191.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred Tax&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Valuation&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net Deferred&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expiration&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax Asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Period&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2026-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Indefinite&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Federal NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  908&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  908&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2024-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     State NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018-2019&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Tax credit&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019-2036&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SummaryOfTaxCreditCarryforwardsTextBlock>
  <us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock id="ID_1168" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the &lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:20.25pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, forwards, futures and physical contracts in non-regulated operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:20.25pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, forwards, futures and physical contracts in non-regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options in other income (expenses), net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:UnrealizedGainLossOnInvestmentsTableTextBlock>
  <ema:OffsettingLiabilitiesExpectedToSettleTableTextBlock id="ID_1169" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas purchases (Mmbtu)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas sales (Mmbtu)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  202&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power purchases (MWh)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power sales (MWh)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:OffsettingLiabilitiesExpectedToSettleTableTextBlock>
  <us-gaap:ScheduleOfCondensedIncomeStatementTableTextBlock id="ID_1170" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:44.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:63pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated electric&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,665&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,774&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  3,437&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  451&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  499&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Non-regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  378&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  341&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;         Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,494&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,818&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel for generation and purchased &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  560&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  662&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,222&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated cost of natural gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  177&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  177&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel adjustment mechanism and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     fixed cost deferrals&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated fuel for generation and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  313&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated direct costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (23)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Operating, maintenance and general&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  647&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  461&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Provincial, state and municipal taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  152&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  195&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  256&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,591&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  3,722&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) from operations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (39)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  367&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  555&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income (loss) from equity investments in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (150)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Intercompany income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  203&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  101&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (107)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (46)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  135&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  174&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  226&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  585&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  241&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (196)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  244&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (63)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (196)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  266&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-controlling interest in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (200)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Preferred stock dividends&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (50)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (150)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Comprehensive income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  228&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (283)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  228&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:44.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:63pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated electric&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  283&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,860&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Non-regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  596&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;         Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  702&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel for generation and purchased &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  745&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  815&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel adjustment mechanism and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     fixed cost deferrals&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated fuel for generation and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  336&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated direct costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Operating, maintenance and general&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  148&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  472&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  666&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Provincial, state and municipal taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  260&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  340&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,674&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (43)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2,281&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) from operations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (55)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  508&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income (loss) from equity investments in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (270)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  66&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Intercompany income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (164)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  272&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (134)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  212&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  453&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  288&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (301)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  428&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (301)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  452&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-controlling interest in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  428&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (313)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  427&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Preferred stock dividends&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  398&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  216&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (272)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Comprehensive income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  911&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  303&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  452&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (755)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  911&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCondensedIncomeStatementTableTextBlock>
  <us-gaap:ContractualObligationDueInSecondYear id="ID_1171" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_CapitalProjectsMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInSecondYear>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding id="ID_1172" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD" decimals="-5">25500000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding>
  <us-gaap:UnregulatedOperatingRevenue id="ID_1173" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:UnregulatedOperatingRevenue>
  <ema:RegulatedFuelAdjustment id="ID_1174" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</ema:RegulatedFuelAdjustment>
  <us-gaap:TaxesExcludingIncomeAndExciseTaxes id="ID_1175" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:TaxesExcludingIncomeAndExciseTaxes>
  <us-gaap:OperatingIncomeLoss id="ID_1176" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:OperatingIncomeLoss>
  <us-gaap:UtilitiesOperatingExpenseDepreciationAndAmortization id="ID_1177" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">79000000</us-gaap:UtilitiesOperatingExpenseDepreciationAndAmortization>
  <us-gaap:NetIncomeLoss id="ID_1178" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">242000000</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest id="ID_1179" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">12000000</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
  <us-gaap:TaxesExcludingIncomeAndExciseTaxes id="ID_1180" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:TaxesExcludingIncomeAndExciseTaxes>
  <us-gaap:CashCashEquivalentsAndShortTermInvestments id="ID_1181" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">28000000</us-gaap:CashCashEquivalentsAndShortTermInvestments>
  <us-gaap:IncomeTaxesReceivable id="ID_1182" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:IncomeTaxesReceivable>
  <us-gaap:IncomeTaxesReceivable id="ID_1183" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">5000000</us-gaap:IncomeTaxesReceivable>
  <us-gaap:PrepaidExpenseCurrent id="ID_1184" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:PrepaidExpenseCurrent>
  <us-gaap:PropertyPlantAndEquipmentNet id="ID_1185" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">12724000000</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:OtherAssetsMiscellaneousNoncurrent id="ID_1186" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">33000000</us-gaap:OtherAssetsMiscellaneousNoncurrent>
  <us-gaap:OtherAssetsMiscellaneousNoncurrent id="ID_1187" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherAssetsMiscellaneousNoncurrent>
  <us-gaap:OtherLiabilitiesCurrent id="ID_1188" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">79000000</us-gaap:OtherLiabilitiesCurrent>
  <us-gaap:ConvertibleDebtNoncurrent id="ID_1189" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:ConvertibleDebtNoncurrent>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_1190" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraEnergyServicesMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_LineOfCreditMember" unitRef="CAD" decimals="-6">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityExpirationDate1 id="ID_1191" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">2018-12-31</us-gaap:LineOfCreditFacilityExpirationDate1>
  <ema:AccruedInterestOnLongTermDebt id="ID_1192" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">44000000</ema:AccruedInterestOnLongTermDebt>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_1193" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_CapitalLeaseObligationsMember" unitRef="CAD" decimals="-6">1000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:MinorityInterest id="ID_1194" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_IcdUtilitiesLimitedMember" unitRef="CAD" decimals="-6">52000000</us-gaap:MinorityInterest>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage id="ID_1195" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_DebtInstrumentAxis_ema_SeriesFMember_us-gaap_LongtermDebtTypeAxis_us-gaap_MediumTermNotesMember" unitRef="pure" decimals="4">0.0975</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock id="ID_1196" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating revenues &amp;#8211; regulated gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating, maintenance, and general&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest expense, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  148&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (84)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (23)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Acquisition related costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  166&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock>
  <us-gaap:ContractualObligationDueInNextTwelveMonths id="ID_1197" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_DemandSideManagementMember" unitRef="CAD" decimals="-6">42000000</us-gaap:ContractualObligationDueInNextTwelveMonths>
  <us-gaap:ContractualObligationDueInThirdYear id="ID_1198" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_TransportationMember" unitRef="CAD" decimals="-6">310000000</us-gaap:ContractualObligationDueInThirdYear>
  <us-gaap:ContractualObligationDueInFifthYear id="ID_1199" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_LongTermServiceAgreementsMember" unitRef="CAD" decimals="-6">42000000</us-gaap:ContractualObligationDueInFifthYear>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ID_1200" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" unitRef="shares" decimals="0">2927068</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue id="ID_1201" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_AwardTypeAxis_ema_EmployeeNonVestedStockOptionMember" unitRef="CAD_per_Share" decimals="2">2.64</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue id="ID_1202" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_TitleOfIndividualAxis_us-gaap_DirectorMember" unitRef="CAD_per_Share" decimals="2">31.36</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
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  <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest id="ID_1204" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
  <us-gaap:RegulatedOperatingRevenueGas id="ID_1205" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">52000000</us-gaap:RegulatedOperatingRevenueGas>
  <us-gaap:CostOfDomesticRegulatedElectric id="ID_1206" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:CostOfDomesticRegulatedElectric>
  <us-gaap:CostsAndExpenses id="ID_1207" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">595000000</us-gaap:CostsAndExpenses>
  <us-gaap:IncomeLossFromSubsidiariesBeforeTax id="ID_1208" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:IncomeLossFromSubsidiariesBeforeTax>
  <ema:IntercompanyIncomeExpensesNet id="ID_1209" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</ema:IntercompanyIncomeExpensesNet>
  <us-gaap:RegulatedOperatingRevenueGas id="ID_1210" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:RegulatedOperatingRevenueGas>
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  <us-gaap:StockholdersEquityOther id="ID_1514" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="CAD" decimals="-6">0</us-gaap:StockholdersEquityOther>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock id="ID_1515" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;20. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt; PROPERTY, P&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;LANT AND EQUIPMENT&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Property, plant and equipment consisted of the following regulated and non-regulated assets: &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Estimated useful life&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Generation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3 to 131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10,553&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,957&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Transmission&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;28 to 77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,799&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,603&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Distribution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;11 to 80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5,715&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,503&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gas transmission and distribution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10 to 85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,895&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;General plant and other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3 to 50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  932&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23,673&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9,995&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less:  Accumulated depreciation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7,787)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3,737)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15,886&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,258&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Construction work in progress&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td 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  <us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock id="ID_1637" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  199&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  84&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Federal NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     State NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,183&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  225&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Capital loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Tax credit&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     NOL&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock>
  <us-gaap:ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock id="ID_1638" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the &lt;/font&gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:300pt;text-align:right;vertical-align:top;border-color:Black;min-width:300pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Change in Projected Benefit Obligation (&amp;quot;PBO&amp;quot;) and Accumulated Post-retirement Benefit Obligation (&amp;quot;APBO&amp;quot;)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,520&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,470&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Addition of TECO Energy, July 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,035&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Service cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Plan participant contributions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Plan amendments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Benefits paid &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (94)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (61)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial losses &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (15)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign currency translation adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,607&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  358&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,520&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Change in plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,300&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Addition of TECO Energy, July 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  830&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Employer contributions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Plan participant contributions &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Benefits paid&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (94)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (61)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actual return on assets, net of expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign currency translation adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,300&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Funded status, end of year &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (399)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (319)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (220)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (82)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock>
  <us-gaap:ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock id="ID_1639" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Amounts to be Amortized in the Next Fiscal Year&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table shows the amounts from the AOCL and regulatory assets, which are expected to be recognized as part of the net periodic benefit cost in fiscal 2017:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial gains (losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (53)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Past service gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (68)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock>
  <us-gaap:ScheduleOfShortTermDebtTextBlock id="ID_1640" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted-average &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;interest rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted-average &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;interest rate&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;TECO Energy/TECO Finance &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on revolving credit and term facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  685&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1.74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Tampa Electric Company&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on accounts receivable and revolving credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  228&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1.49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NMGC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on revolving credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1.71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bank indebtedness &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;GBPC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on revolving credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5.75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  961&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:453.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:29.25pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company&amp;#8217;s total short-term revolving and non-revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows: &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Energy/TECO Finance - term credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  537&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Energy/TECO Finance - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tampa Electric Company - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  436&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tampa Electric Company - accounts receivable revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  201&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NMGC - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;GBPC - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,762&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances under revolving credit and term facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  960&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Letters of credit issued inside credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total advances under available facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  963&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Available capacity under existing agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  799&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfShortTermDebtTextBlock>
  <us-gaap:AssetRetirementObligation id="ID_1641" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">109000000</us-gaap:AssetRetirementObligation>
  <us-gaap:ContractualObligationDueInFifthYear id="ID_1642" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_PurchasedPowerMember" unitRef="CAD" decimals="-6">198000000</us-gaap:ContractualObligationDueInFifthYear>
  <us-gaap:ContractualObligationDueInFourthYear id="ID_1643" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_CapitalProjectsMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInFourthYear>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1 id="ID_1644" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">P5Y</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="ID_1645" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="pure" decimals="6">0.1458</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice id="ID_1646" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" unitRef="CAD_per_Share" decimals="2">25.65</us-gaap:ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice>
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  <us-gaap:ReceivablesPolicyTextBlock id="ID_1648" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Customer receivables are recorded at the invoiced amount and do not bear interest.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Standard payment terms for electricity and gas sales are approximately 30 days.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;A late pa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;yment fee may be assessed on account balances after the due date. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company is exposed to credit risk with respect to amounts receivable from customers.  Credit risk assessments are conducted on all new customers and deposits are requested on any high risk accounts.  The Company also maintains provisions for potential &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;credit losses, which are assessed on a regular basis.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Management estimates uncollectible accounts receivable after considering historical loss experience, customer deposits, current events and the characteristics of existing accounts.  Provisions for lo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sses on receivables are expensed to maintain the allowance at a level considered adequate to cover expected losses.  Receivables are written off against the allowance when they are deemed uncollectible.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:ReceivablesPolicyTextBlock>
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  <us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock id="ID_1698" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera Florida&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Corporate &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and New&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;segment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Mexico (2)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Maine&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Caribbean&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Energy&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2016 &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Operating revenues from external customers (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,356&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  297&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  298&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-segment revenues (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,839&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,356&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  297&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (36)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Allowance for funds used during construction - debt and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Regulated fuel and fixed cost deferral adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  125&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  600&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Internally allocated interest (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (53)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (118)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (110)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (112)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Capital expenditures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  547&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  304&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,069&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2016 &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  18,016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,776&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,543&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,331&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,702&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,966&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (113)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  29,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Investments subject to significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  895&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  947&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  5,957&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  6,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21.95pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power.  Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) Corporate and Other Interest expense has been reduced by amortization of $13 million related to the unregulated long-term debt fair market value adjustment recognized on the acquisition of TECO Energy.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4) Segment net income is reported on a basis that includes internally allocated financing costs. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera Florida&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Corporate &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and New&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Emera &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;and   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;segment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Mexico (2)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Maine&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Caribbean&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Energy&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2015 &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Operating revenues from external customers (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,417&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  284&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  442&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  578&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  68&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,787&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Inter-segment revenues (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,417&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  284&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  450&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  590&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Allowance for funds used during construction - debt and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Regulated fuel and fixed cost deferral adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  206&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  340&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  222&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Internally allocated interest (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  84&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Capital expenditures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  487&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2015 &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  4,721&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,558&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,919&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,663&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (225)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Investments subject to significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,094&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  158&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power.  Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) Segment net income is reported on a basis that includes internally allocated financing costs. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:11.25pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Geographical Information&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Revenues(1):&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,510&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,546&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,348&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  786&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Barbados&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  254&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  259&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;The Bahamas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Dominica&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(1) Revenues are based on country of origin of the product or service sold&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property Plant and Equipment:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3,791&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,672&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12,724&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,034&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Barbados&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  416&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  402&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;The Bahamas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  295&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  299&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Dominica&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  62&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17,290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock>
  <ema:DeferredTaxAssetsDefinedBenefitPlan id="ID_1699" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">-3000000</ema:DeferredTaxAssetsDefinedBenefitPlan>
  <us-gaap:DefinedBenefitPlanAmountsRecognizedInBalanceSheet id="ID_1700" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">130000000</us-gaap:DefinedBenefitPlanAmountsRecognizedInBalanceSheet>
  <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax id="ID_1701" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax>
  <us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax id="ID_1702" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">-19000000</us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax>
  <us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses id="ID_1703" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">-2000000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
  <us-gaap:DefinedBenefitPlanWeightedAverageAssetAllocations id="ID_1704" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_ema_EquitySecuritiesUnitedStatesMember" unitRef="pure" decimals="4">0.18</us-gaap:DefinedBenefitPlanWeightedAverageAssetAllocations>
  <us-gaap:DefinedBenefitPlanFutureAmortizationOfGainLoss id="ID_1705" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">53000000</us-gaap:DefinedBenefitPlanFutureAmortizationOfGainLoss>
  <us-gaap:CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived id="ID_1706" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">1202000000</us-gaap:CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived>
  <ema:CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears id="ID_1707" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">53000000</ema:CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears>
  <us-gaap:GoodwillForeignCurrencyTranslationGainLoss id="ID_1708" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">178000000</us-gaap:GoodwillForeignCurrencyTranslationGainLoss>
  <us-gaap:ShortTermBorrowings id="ID_1709" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraEnergyServicesMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_LineOfCreditMember" unitRef="CAD" decimals="-6">0</us-gaap:ShortTermBorrowings>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_1710" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_CreditFacilityAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="USD" decimals="-6">300000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_1711" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="CAD" decimals="0">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_1712" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NewMexicoGasIncorporateMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="CAD" decimals="0">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PreferredStockRedemptionPricePerShare id="ID_1713" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesFPreferredStockMember" unitRef="CAD_per_Share" decimals="2">25</us-gaap:PreferredStockRedemptionPricePerShare>
  <us-gaap:PreferredStockSharesOutstanding id="ID_1714" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesFPreferredStockMember" unitRef="shares" decimals="INF">8000000</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockSharesAuthorized id="ID_1715" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember" unitRef="shares" decimals="-6">35000000000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:MinorityInterestDisclosureTextBlock id="ID_1716" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;30.  NON-CONTROLLING INTEREST IN SUBSIDIARIES&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Non-controlling interest in subsidiaries consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;ICDU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Preferred shares of GBPC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Domlec &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;ECI&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  134&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) On December 17, 2015, an indirect wholly owned subsidiary of Emera acquired approximately 2.6 million ECI shares, increasing its ownership interest from 80.7 per cent to 95.5 per cent. On March 22, 2016, an indirect wholly-owned subsidiary of Emera acquired 0.7 million ECI shares (which owns 51.9 per cent share of Domlec), increasing Emera&amp;#39;s ownership interest in ECI from 95.5 to 100 per cent.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Preferred shares of GBPC:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:206.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Authorized:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;35,000 non-voting cumulative redeemable variable perpetual preferred shares&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:131.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:131.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:131.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:131.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:206.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Issued and outstanding:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;number of shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;millions of dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;number of shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:206.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;GBPC Non&amp;#8211;Voting Cumulative Variable&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;Perpetual &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;Preferred Stock:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Preferred Stock is redeemable by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;GBPC&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, in whole at any time or in part from time to time&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; at $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Bahamian&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per share plus accrued and unpaid dividends.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Preferred Stock is entitled to a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;7.25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per annum fixed cumulative preferential dividend&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for years 2013 through 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8.50&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per annum fixed cumulative preferential dividend&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for years 2017 through 2019 and&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10.00&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per annum fixed cumu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lative preferential dividend&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; after 2020, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as and when declared by the Board of Directors, accruing from the date of issue.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Preferred Shares rank &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;behind all of GBPC&amp;#8217;s current and future secured and unsecured debt with any of GBPC&amp;#8217;s future preferred st&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ock and ahead of all of GBPC&amp;#8217;s current and future common stock.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:MinorityInterestDisclosureTextBlock>
  <us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock id="ID_1717" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:468.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Purchase Consideration&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;8,447&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair value assigned to net assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;619&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;624&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property, plant and equipment, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10,023&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other long-term assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;71&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(747)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Assumed long-term debt (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(5,409)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory liabilities (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(1,117)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(800)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement liabilities (including current portion)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(480)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(146)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,638&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Fair value of net assets acquired&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,676&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Goodwill&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5,771&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Includes accounts receivables with fair value of $334 million comprised of gross contract value of $337 million, and $3 million of contractual receivables not expected to be collected. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
  <us-gaap:EquityMethodInvestmentsTextBlock id="ID_1718" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Investments subject to significant influence consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:115.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:115.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity Income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Carrying Value&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:115.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:115.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;of&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:115.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:115.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Ownership&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;LIL &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  400&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  62.7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPML&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  188&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  100.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;M&amp;amp;NP&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  175&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  189&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Lucelec &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  19.1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;APUC  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  504&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bear Swamp&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  50.0&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other Investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  947&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,145&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  108&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Emera indirectly owns 100 per cent of the Class B units, which comprises 24.9 per cent of the total units issued.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Although Emera&amp;#8217;s ownership percentage of these entities is relatively low, it is considered to have significant influence over the operating and financial decisions of these companies through Board representation. Therefore, Emera records its investment in these entities using the equity method.  This is consistent with industry practice for similar investments with significant influence.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) On May 24, 2016, Emera completed the sale of 50.1 million common shares or 19.3 per cent of APUC&amp;#39;s issued and outstanding common shares.  This resulted in a pre-tax gain of $172 million (after-tax gain of $146 million), which was recorded in &amp;quot;Other income (expenses), net&amp;quot; in Q2 2016.  On June 30, 2016, Emera exchanged 12.9 million of APUC subscription receipts and dividend equivalents into common shares.  This resulted in a pre-tax gain of $63 million (after-tax gain of $53 million), which was recorded in &amp;quot;Other income (expenses), net&amp;quot; in Q2 2016.  As a result of these transactions, Emera reclassified its investment in APUC from &amp;quot;Investments Subject to Significant Influence&amp;quot; to &amp;quot;Investment Securities&amp;quot; on the Consolidated Balance Sheets in Q2 2016, recorded at fair value.  On December 8, 2016, Emera completed the sale of 12.9 million common shares or 4.7 per cent of APUC&amp;#39;s issued and outstanding common shares.  This sale resulted in a pre-tax loss of $12 million (after-tax loss of $10 million), which was recorded in &amp;quot;Other income (expenses), net&amp;quot; in Q4 2016.  Emera no longer holds any interest in APUC.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4) The investment balance in Bear Swamp is in a credit position primarily a result of a $179 million distribution received in Q4 2015. Bear Swamp&amp;#39;s credit investment balance of $217 million (2015 - $225 million) is recorded in &amp;quot;Other long-term liabilities&amp;quot; on the Consolidated Balance Sheets.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Equity investments include a $14 million difference between the cost and the underlying fair value of the investees&amp;#39; assets as at the date of acquisition.&amp;#160; The excess is attributable to goodwill.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:EquityMethodInvestmentsTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_1719" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock id="ID_1720" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the                                                                                                                              &lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Changes in non-cash working capital:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Receivables, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (104)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Income taxes receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (23)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Inventory&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Prepayments and other current assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Accounts payable and customer deposits&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  162&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (45)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Income taxes payable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (32)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other current liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total non-cash working capital &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  134&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (102)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Supplemental disclosure of cash paid (received):&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  196&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  124&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Supplemental disclosure of non-cash activities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Common share dividends reinvested&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  78&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Beneficial Conversion Feature of the convertible debentures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock>
  <us-gaap:ScheduleOfCondensedCashFlowStatementTableTextBlock id="ID_1721" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Statements of Cash Flows &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:26.25pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;                                                                                            &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:54.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:57pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:57pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) by operating activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;265&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;481&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,053&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Acquisitions, net of cash acquired&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(8,409)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(8,409)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Additions to property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(633)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(396)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(1,031)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net purchase of investments subject to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence, inclusive of acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(276)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(276)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net proceeds on sale of investment subject to                 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence and held-for-trading                 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     common shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;665&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;665&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other intercompany investing activities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,348)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,416)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,397)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(54)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) investing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,685)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,416)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(9,102)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3,081)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(9,105)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Financing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Change in short-term debt, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;118&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from long-term debt, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,037&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,187&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,516&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;764&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,081)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,423&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from convertible debentures &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     represented by instalment receipts, net &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     of issuance costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,413&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retirement of long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(250)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(36)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(273)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net borrowings (repayments) under committed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(210)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(99)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(315)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of common stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;354&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,865&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;354&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of preferred stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;195&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(195)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(221)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(254)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;254&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(221)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(28)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(31)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(28)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends paid by subsidiaries to non-controlling &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other financing activities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;185&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(185)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) financing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,624&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,429&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8,643&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,088&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(9,336)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;7,448&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Effect of exchange rate changes on cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(54)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(65)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net increase (decrease) in cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(940)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(669)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, beginning of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,073&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, end of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;128&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Statements of Cash Flows &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:26.25pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;                                                                                            &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:54.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:57pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:57pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) operating activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;291&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(171)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;674&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Additions to property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(66)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(354)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(427)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net purchase of investments subject to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence, inclusive of acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(132)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(136)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds on sale of investment subject to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;282&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;282&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other intercompany investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,453)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(29)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,482&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(751)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(413)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,331&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) investing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3,212)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;203&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(928)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,813&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(124)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Financing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Change in short-term debt, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(262)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(262)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from long-term debt, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,465&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,048)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;446&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from convertible debentures &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     represented by instalment receipts, net &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     of issuance costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,138&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,457)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retirement of long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(420)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(372)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;702&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(90)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net borrowings (repayments) under committed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(39)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(153)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(201)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of common stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,390&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,390)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of preferred stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(162)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(162)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;162&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(162)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(15)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(25)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends paid by subsidiaries to non-controlling &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other financing activities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,001&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(55)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,091)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(156)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) financing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,921&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(426)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3,646)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Effect of exchange rate changes on cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;81&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net increase (decrease) in cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;875&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;852&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, beginning of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;193&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, end of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,073&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCondensedCashFlowStatementTableTextBlock>
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  <us-gaap:InterestPaid id="ID_1773" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">196000000</us-gaap:InterestPaid>
  <ema:ScheduleOfRegulatoryCommodySwapsForwardsTableTextBlock id="ID_1774" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018-2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions &lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Purchases&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Coal (metric tonnes)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural Gas (Mmbtu)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Heavy fuel oil (bbls)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018-2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fuel purchases exposure (millions of US dollars)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  224&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1.0722&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1.1138&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;% of USD requirements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;120%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;44%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:28.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company reassesses foreign exchange forecasts periodically and will enter into additional hedges or unwind existing hedges, as required.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:ScheduleOfRegulatoryCommodySwapsForwardsTableTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_1775" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ContractualObligationDueAfterFifthYear id="ID_1776" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_LongTermServiceAgreementsMember" unitRef="CAD" decimals="-6">227000000</us-gaap:ContractualObligationDueAfterFifthYear>
  <ema:DebtInstrumentCovenantRequirement id="ID_1777" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DebtInstrumentAxis_ema_SyndicatedCreditFacilitiesMember" unitRef="pure" decimals="2">0.7</ema:DebtInstrumentCovenantRequirement>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue id="ID_1778" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD_per_Share" decimals="2">37.55</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
  <us-gaap:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses id="ID_1779" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">647000000</us-gaap:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses>
  <us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure id="ID_1780" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsAxis_ema_YearTwoThroughFiveMember_us-gaap_DerivativeInstrumentRiskAxis_ema_CommoditySwapsAndForwardsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_EnergyAxis_us-gaap_FuelMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="MMBTU" decimals="-6">24000000</us-gaap:DerivativeNonmonetaryNotionalAmountEnergyMeasure>
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  <ema:RegulatedFuelAdjustment id="ID_1783" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</ema:RegulatedFuelAdjustment>
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style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accrued charges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accrued interest on long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Sales and other taxes payable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accrued interest on convertible debentures represented by instalment receipts (note 8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emission credits obligations &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  281&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Throughout the three-year compliance period associated with the Regional Greenhouse Gas Initiative for carbon dioxide emissions, an obligation is recognized as gas is burned, measured at the cost to acquire credits for the related emissions. Emission credits are capitalized to inventory (note 14) when purchased and subsequently applied against the emission liabilities at the end of each compliance period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherLiabilitiesDisclosureTextBlock>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage id="ID_1911" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesIMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="pure" decimals="4">0.0362</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock id="ID_1912" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The income tax provision, for the years ended December 31, differs from that computed using the statutory income tax rate for the following reasons:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Statutory income tax rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;31%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;31%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income taxes, at statutory income tax rates&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  169&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income taxes on regulated income recorded as regulatory assets and regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (47)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (31)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-taxable portion of gains on APUC transactions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-deductible (non-taxable) portion of foreign exchange and mark-to-market adjustments related to the TECO Energy acquisition&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Financing deductions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax effect of equity earnings&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (11)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Manufacturing and investment allowances&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign tax rate variance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; 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  <us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock id="ID_2080" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;23.  GOODWILL&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in goodwill for the year ended December 31 is due to the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  222&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Acquisition of TECO Energy as at July 1, 2016 (note 4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5,771&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Impairment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Change in foreign exchange rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  178&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6,213&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;G&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;oodwill on Emera&amp;#8217;s balance sheet relates to the ac&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quisitions of TECO Energy (see n&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ote 4), Emera Maine and GBPC. Goodwill is subject to an annual assessment for impairment at the reporting unit level. Reporting units are generally determined at the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;operating segment level or one level below the operating segment level. Emera&amp;#8217;s reporting units with goodwill are Tampa Electric, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;PGS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, New Mexico Gas, Emera Maine and GBPC. &amp;#160;&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Entities assessing goodwill for impairment have the option of first performing a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;qualitative assessment to determine whether a quantitative assessment is necessary. If an entity performs the qualitative assessment, but determines that it is more likely than not that its fair value is less than its carrying amount or if an entity bypass&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es the qualitative assessment, a quantitative two-step, fair value-based test is performed. The first step compares the fair value of the reporting unit to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ir value, the second step is performed. The second step requires an allocation of fair value to the individual assets and liabilities using purchase price allocation accounting guidance in order to determine the implied fair value of goodwill. If the impli&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed fair value of goodwill is less than the carrying amount, an impairment loss is recorded as a reduction to goodwill and a charge to operating expense. Emera reviews recorded goodwill at least annually (during the fourth quarter) for each reporting unit, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;with interim impairment tests performed when impairment indicators are present.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;A qualitative assessment was performed for&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Emera Maine&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, concluding that the fair value of the reporting unit exceeded its carrying value, and as such, no quantitative assessmen&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t was performed.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The fair value for GBPC was determined using a discounted cash flow analysis. The fair values for the reporting units acquired in the TECO Energy acquisition (Tampa Electric, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;PGS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, New Mexico Gas) have been preliminarily determined using a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; weighted combination of a discounted cash flow analysis, a market multiple analysis, and a comparable transactions analysis. The discounted cash flow analysis relies on management&amp;#8217;s best estimate of the reporting units&amp;#8217; projected cash flows. It includes a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n estimate of terminal values based on these expected cash flows using a methodology which derives a valuation using an assumed perpetual annuity based on the entity&amp;#8217;s residual cash flows. The discount rate is a market participant rate based on a peer grou&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;p of publicly traded comparable companies and represents the weighted average cost of capital of comparable companies. The market multiples analysis utilizes multiples of business enterprise value to earnings before interest, taxes, depreciation and amorti&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;zation (&amp;#8220;EBITDA&amp;#8221;) of comparable public companies in estimating fair value. The comparable transaction analysis identified comparable company acquisitions within the industry and calculates the implied EBITDA multiple from the transaction, which is then app&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lied to the last-twelve-months EBITDA of the subject company. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Significant assumptions used in estimating the fair value include discount and growth rates, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;valuation of NOLs, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;utility sector market performance and transactions, projected operating and capit&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;al cash flows and the calculation of the terminal value. In addition to this quantitative analysis, management performed a qualitative assessment in Q4 2016 to ensure that there were no changes in facts or circumstances from the July 1, 2016 acquisition da&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;te that would require additional fair value testing for the Tampa Electric, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;PGS&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, and New Mexico Gas reporting units. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The company determined the fair value of reporting units exceed their book value and related goodwill carrying amounts at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; an&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, resulting in no impairment charge. Adverse changes in assumptions described above could result in a future material impairment of the goodwill&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; assigned to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Tampa Electric, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;PGS, New Mexico Gas, Emera Maine and GBPC. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
  <us-gaap:LongTermDebtTextBlock id="ID_2081" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;26.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  L&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;ONG-TERM DEBT&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s long-term debt includes the issuances detailed below.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Bonds, notes &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and debentures are &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;at fixed interest rates and are unsecured unless noted below. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ncluded are certain bankers&amp;#8217; acceptances and commercial paper &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;where the Company has the intention and the unencumbered ability to refinance the obligations for a period greater than one year.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Long-term debt as at December 31&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, including the debt assumed on the acquisition of TECO Energy,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Interest Rate 2016 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Interest Rate 2015 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maturity&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bankers acceptances, LIBOR loans &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured fixed rate notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.85%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019-2023&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  725&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed to floating subordinated notes (USD) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;6.75%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2076&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,611&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,366&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  715&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera US Finance LP &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured senior notes (USD) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.60%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019 - 2046&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;TECO Finance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable rate notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  336&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.86%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017 - 2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  805&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,141&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Tampa Electric &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.90%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018 - 2045&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;PGS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.06%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018 - 2045&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  351&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  351&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NMGC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.53%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021 - 2026&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NMGI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.41%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019 - 2024&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commercial paper &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  369&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Medium term fixed rate notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.73%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.73%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019 - 2097&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,965&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,965&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate debenture&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.75%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.75%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Capital lease obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.80%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.58%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,324&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,430&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera Maine &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;LIBOR loans and demand loans &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Secured fixed rate mortgage bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.74%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.74%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020-2022&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured senior fixed rate notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.28%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.31%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2044&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  281&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  380&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;EBP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Senior secured credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.08%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.08%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  249&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  249&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;GBPC &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured amortizing fixed rate notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.62%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.62%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021-2022&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  77&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured senior notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;7.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;7.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020-2023&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;BLPC  &amp;amp; ECI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Secured fixed rate senior notes &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.65%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.64%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020 - 2028&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  81&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Secured senior notes (USD) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  201&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  282&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair market value adjustment - TECO Energy acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Debt issuance costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (111)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amount due within one year &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (476)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (274)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (529)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (290)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Long-Term Debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14,268&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,735&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Weighted average interest rate of fixed rate long-term debt.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) See below for details on the long-term debt related to the acquisition of TECO Energy.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) TECO Energy is a full and unconditional guarantor of TECO Finance&amp;#8217;s securities, and no subsidiaries of TECO Energy guarantee TECO Finance&amp;#8217;s securities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4) A substantial part of Tampa Electric&amp;#8217;s tangible assets are pledged as collateral to secure its first mortgage bonds. There are currently no bonds outstanding under Tampa Electric&amp;#8217;s first mortgage bond indenture.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5) Notes are issued and payable in either USD, BBD or East Caribbean Dollar (XCD).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6) See below for details on the long-term debt issued by ECI in November, 2016.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(7) On acquisition of TECO Energy, Emera recorded a fair market value adjustment on the unregulated long-term debt acquired. The fair market value adjustment is amortized over the remaining term of the debt.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company&amp;#8217;s total long-term revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera &amp;#8211; revolving credit facility &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;June 2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  700&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  700&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPI - revolving credit facility &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;October 2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  600&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera Maine &amp;#8211; revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;September 2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  111&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;BLPC &amp;#8211; revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,433&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,337&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Borrowings under credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  326&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  641&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Letters of credit issued inside credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Use of available facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  674&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Available capacity under existing agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,070&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  663&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Advances on the revolving credit facility can be made by way of overdraft on accounts up to $50 million.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Debt Covenants&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera and its subsidiaries have debt covenants associated with their credit facilities.  Covenants are tested regularly and the Company is in complianc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e with covenant requirements.  Emera&amp;#8217;s significa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nt covenants are listed below:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;text-align:right;vertical-align:top;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:right;vertical-align:top;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:right;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Financial Covenant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Requirement&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Syndicated credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Debt to capital ratio&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less than or equal to 0.70 to 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.62:1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Recent Financing Activity&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On December 13, 2016, Emera&amp;#39;s Series H $250 million 2.96% med&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ium-term notes matured and were &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;repaid.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Emera &amp;#8211; TECO Energy Acquisition Related Capital Market Transactions&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;U.S. Notes&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 16, 2016, Emera US Finance LP, a limited partnership financing subsidiary, wholly owned directly and indirectly by Emera, completed the issuance of $3.25 billion USD senior unsecured notes (&amp;#8220;U.S. Notes&amp;#8221;) by way of private placement.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The U.S. Notes were sold only to &amp;#8220;qualified institutional buyers&amp;#8221; under Rule 144A of the United States Securities Act of 1933, as amended (the &amp;#8220;Securities Act&amp;#8221;) and to non-U.S. persons under Regulation S of the Securities Act and were not offered for sale &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in Canada.  The U.S. Notes are guaranteed by Emera and Emera US Holdings Inc., a wholly owned Emera subsidiary.   The U.S. Notes bear interest semi-annually, in arrears, on June 15 and December 15 of each year, commencing on December 15, 2016.  The U.S. No&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tes will not be listed on a securities exchange. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The U.S. Notes issued are as follows:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;$500 million USD three year, 2.15 per cent Notes due 2019&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;$750 million USD five year 2.70 per cent Notes due 2021&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;$750 million USD ten year 3.55 per cent Notes due 20&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;26&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;$1.25 billion USD thirty year 4.75 per cent Notes due 2046&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In connection with the initial issuance of the U.S. Notes, Emera US Finance LP entered into a registration rights agreement with the initial purchasers of the U.S. Notes in which it undertook t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;o offer to exchange the U.S. Notes for new notes, in an equal principal amount and under the same terms, registered under the Securities Act.  On December 15, 2016, a registration statement on Form F-10/Form S-4 was declared effective by the United States &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Securities and Exchange Commission (the &amp;#8220;SEC&amp;#8221;). On January 17, 2017 the new notes were issued.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Hybrid Notes&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 16, 2016, Emera completed the issuance of $1.2 billion USD unsecured, fixed-to-floating subordinated notes (&amp;#8220;Hybrid Notes&amp;#8221;).  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Hybrid &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Notes were issued pursuant to a prospectus filed with the Nova Scotia Securities Commission (the &amp;#8220;NSSC&amp;#8221;) and a corresponding registration statement filed with the SEC under the United States / Canada Multijurisdictional Disclosure System.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Hybrid Notes&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; will mature on June 15, 2076.&amp;#160; Emera will pay interest on the Hybrid Notes at a fixed rate of 6.75 per cent per year in equal semi-annual instalments on June 15 and December 15 of each year until June 15, 2026. Beginning on June 15, 2026, and on every qua&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rter thereafter that the Hybrid Notes are outstanding until their maturity on June 15, 2076 (the &amp;#8220;Interest Reset Date&amp;#8221;), the interest rate on the Hybrid Notes will be reset. The Hybrid Notes are not currently listed and Emera does not intend to list them o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n any securities exchange or include them on any automated quotation system.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Beginning on June 15, 2026, and on every Interest Reset Date until June 15, 2046, the Hybrid Notes will be reset at an interest rate of the three month LIBOR plus 5.44 per cent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, payable in arrears.  Beginning on June 15, 2046, and on every Interest Reset Date until June 15, 2076, the Hybrid Notes will be reset at an interest rate of the three-month LIBOR plus 6.19 per cent, payable in arrears. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera may elect, at its sole opti&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;on, to defer the interest payable on the Hybrid Notes on one or more occasions for up to five consecutive years.  Deferred interest will accrue, compounding on each subsequent interest payment date, until paid.  Additionally, on or after June 15, 2026, Eme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ra may, at its option, redeem the Hybrid Notes, at a redemption price equal to 100 per cent of the principal amount, together with accrued and unpaid interest.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Canadian Notes&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 16, 2016, Emera completed the issuance of $500 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million senior unsecured notes (&amp;#8220;Canadian Notes&amp;#8221;).  The Canadian Notes were issued with a seven-year term to maturity and bear interest at a rate of 2.90 per cent.&amp;#160; The notes will bear interest semi-annually in arrears on June 16 and December 16 of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;each ye&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ar, commencing on December 16, 2016.  The Canadian Notes will not be listed on a securities exchange.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The proceeds of the U.S. Notes, Hybrid Notes and Canadian Notes offerings were used to partially finance the purchase price for the Acquisition. &amp;#160;Proceed&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s of the offerings, not otherwise required to complete the Acquisition, have been used for general corporate purposes.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;NSPI&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On April 28, 2016, NSPI increased its committed syndicated revolving bank line of credit to $600 million from $500 million.  The i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ncrease will support ongoing business requirements and general corporate purposes.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On May 27, 2016, NSPI increased its commercial paper program to $500 million from $400 million, of which the full amount outstanding is backed by NSPI&amp;#8217;s operating credit fa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cility referred to above. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The amount of commercial paper issued&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; results in an equal amount of its operating credit facility being considered drawn and unavailable.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;ECI&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On November 29, 2016, ECI&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; completed a senior, secured floating rate, non-revolving term loan of $150 million USD.  The loan is for a five year term and matures on November 29, 2021.  Interest is due semi-annually and is b&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ased on 6 month LIBOR plus 4.08 per cent weighted average&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;TECO Finance&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On April 10, 2015, TECO Finance completed an offering of $250 million USD aggregate principal amount of floating rate notes due 2018 (&amp;#8220;the 2018 Notes&amp;#8221;), which are guaranteed by TECO Energy. The 2018 Notes were sold at par and mature on April&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 10, 2018. The 2018 Notes bear interest at a floating rate that is reset quarterly based on the three-month LIBOR plus 60 basis points. The 2018 Notes are not subject to redemption prior to maturity. The 2018 Notes are effectively subordinated to existing &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and future liabilities of TECO Energy&amp;#8217;s subsidiaries to their respective creditors, and also are effectively subordinated to any secured debt that TECO Finance and TECO Energy incur to the extent of the value of the assets securing that indebtedness&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Tampa Electric&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:9pt;margin-bottom:10pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On May 20, 2015, TEC completed an offering of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; $250 million USD aggregate principal amount of 4.20&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent n&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;otes due May 15, 2045&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Long&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;-Term Debt Maturities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at December 31, long-term debt maturities, including capital lease obligations, for each of the next five years and in aggregate thereafter are as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:31.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:127.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Thereafter&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  225&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,111&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,366&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera US Finance LP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  671&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,007&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,686&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,364&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Energy&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  409&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  643&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,443&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,562&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  335&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,965&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,324&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera Maine&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  380&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;EBP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;GBPC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;BLPC and ECI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  282&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  476&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  791&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,380&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  835&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,687&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9,628&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14,797&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LongTermDebtTextBlock>
  <ema:VariableInterestInvestmentAsAnEquityInvestmentConsolidatedSummarizedBalanceSheetTableTextBlock id="ID_2082" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Emera accounts for its variable interest investment in NSPML as an equity investment (note 33). NSPML&amp;#39;s consolidated summarized balance sheets are illustrated as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Balance Sheets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  439&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  439&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  648&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  554&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,847&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,641&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,288&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,288&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  188&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total liabilities and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,847&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,641&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:VariableInterestInvestmentAsAnEquityInvestmentConsolidatedSummarizedBalanceSheetTableTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_2083" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">1337000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock id="ID_2084" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:131.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:131.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (367)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (302)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (224)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (79)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other asset (non-current)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amount included in deferred tax asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;AOCL (AOCI) and regulatory assets after-tax adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  620&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net amount recognized at end of year&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  237&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (275)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (94)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock>
  <us-gaap:ScheduleOfDebtInstrumentsTextBlock id="ID_2085" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Interest Rate 2016 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Interest Rate 2015 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maturity&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bankers acceptances, LIBOR loans &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured fixed rate notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.85%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019-2023&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  725&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed to floating subordinated notes (USD) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;6.75%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2076&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,611&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,366&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  715&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera US Finance LP &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured senior notes (USD) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.60%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019 - 2046&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;TECO Finance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable rate notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  336&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.86%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017 - 2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  805&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,141&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Tampa Electric &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.90%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018 - 2045&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;PGS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.06%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018 - 2045&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  351&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  351&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NMGC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.53%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021 - 2026&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NMGI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate notes and bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.41%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019 - 2024&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commercial paper &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  369&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Medium term fixed rate notes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.73%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.73%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019 - 2097&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,965&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,965&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed rate debenture&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.75%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.75%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Capital lease obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.80%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.58%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,324&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,430&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera Maine &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;LIBOR loans and demand loans &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Secured fixed rate mortgage bonds (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.74%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;9.74%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020-2022&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured senior fixed rate notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.28%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.31%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2044&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  281&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  380&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;EBP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Senior secured credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.08%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.08%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  249&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  249&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;GBPC &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured amortizing fixed rate notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.62%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.62%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021-2022&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  77&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unsecured senior notes (USD)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;7.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;7.07%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020-2023&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;BLPC  &amp;amp; ECI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Secured fixed rate senior notes &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.65%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.64%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020 - 2028&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  81&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Secured senior notes (USD) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Variable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  201&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  282&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair market value adjustment - TECO Energy acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Debt issuance costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (111)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amount due within one year &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (476)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (274)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (529)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (290)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:180pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Long-Term Debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:55.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  14,268&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,735&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Weighted average interest rate of fixed rate long-term debt.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) See below for details on the long-term debt related to the acquisition of TECO Energy.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) TECO Energy is a full and unconditional guarantor of TECO Finance&amp;#8217;s securities, and no subsidiaries of TECO Energy guarantee TECO Finance&amp;#8217;s securities.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4) A substantial part of Tampa Electric&amp;#8217;s tangible assets are pledged as collateral to secure its first mortgage bonds. There are currently no bonds outstanding under Tampa Electric&amp;#8217;s first mortgage bond indenture.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5) Notes are issued and payable in either USD, BBD or East Caribbean Dollar (XCD).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6) See below for details on the long-term debt issued by ECI in November, 2016.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(7) On acquisition of TECO Energy, Emera recorded a fair market value adjustment on the unregulated long-term debt acquired. The fair market value adjustment is amortized over the remaining term of the debt.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company&amp;#8217;s total long-term revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera &amp;#8211; revolving credit facility &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;June 2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  700&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  700&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPI - revolving credit facility &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;October 2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  600&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  500&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera Maine &amp;#8211; revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;September 2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  111&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;BLPC &amp;#8211; revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017-2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,433&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,337&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Borrowings under credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  326&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  641&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Letters of credit issued inside credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Use of available facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  363&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  674&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Available capacity under existing agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:116.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,070&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  663&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Advances on the revolving credit facility can be made by way of overdraft on accounts up to $50 million.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtInstrumentsTextBlock>
  <us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock id="ID_2086" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:31.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:127.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Thereafter&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  225&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,111&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,366&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera US Finance LP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  671&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,007&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,686&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,364&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Energy&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  409&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  643&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,443&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,562&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Finance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  335&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,965&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,324&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emera Maine&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  269&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  380&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;EBP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  248&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;GBPC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;BLPC and ECI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  282&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  476&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  791&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,380&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  835&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,687&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9,628&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14,797&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfMaturitiesOfLongTermDebtTableTextBlock>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock id="ID_2087" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended December 31, &lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average fair value per option&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.66&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5 years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Risk-free interest rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.66&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.73&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected dividend yield&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4.08&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3.65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected volatility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15.45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14.58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock>
  <us-gaap:ContractualObligationDueInFourthYear id="ID_2088" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_LongTermServiceAgreementsMember" unitRef="CAD" decimals="-6">44000000</us-gaap:ContractualObligationDueInFourthYear>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue id="ID_2089" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD_per_Share" decimals="2">2.8</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross id="ID_2090" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" unitRef="shares" decimals="0">615100</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:UnregulatedOperatingRevenue id="ID_2091" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">-4000000</us-gaap:UnregulatedOperatingRevenue>
  <us-gaap:IncomeTaxExpenseBenefit id="ID_2092" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">48000000</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic id="ID_2093" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">227000000</us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic>
  <us-gaap:MinorityInterest id="ID_2094" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:MinorityInterest>
  <us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired id="ID_2095" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
  <us-gaap:PaymentsForProceedsFromOtherInvestingActivities id="ID_2096" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
  <us-gaap:ProceedsFromConvertibleDebt id="ID_2097" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">-44000000</us-gaap:ProceedsFromConvertibleDebt>
  <us-gaap:ProceedsFromLongTermLinesOfCredit id="ID_2098" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-6000000</us-gaap:ProceedsFromLongTermLinesOfCredit>
  <us-gaap:RepaymentOfNotesReceivableFromRelatedParties id="ID_2099" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">2482000000</us-gaap:RepaymentOfNotesReceivableFromRelatedParties>
  <us-gaap:ProceedsFromSaleOfEquityMethodInvestments id="ID_2100" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">282000000</us-gaap:ProceedsFromSaleOfEquityMethodInvestments>
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  <us-gaap:DerivativeAssets id="ID_2268" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InterestRateSwapMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_OtherDerivativesHedgeMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeAssets>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue id="ID_2269" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PhysicalNaturalGasPurchasesAndSalesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
  <us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue id="ID_2270" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">51000000</us-gaap:FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue>
  <us-gaap:AssetsFairValueDisclosure id="ID_2271" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PowerSwapsAndPhysicalContractsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:AssetsFairValueDisclosure>
  <us-gaap:FairValueInputsProbabilityOfDefault id="ID_2272" contextRef=" " unitRef="pure" decimals="4">0.0001</us-gaap:FairValueInputsProbabilityOfDefault>
  <us-gaap:FairValueInputsOfferedQuotes id="ID_2273" contextRef=" " unitRef="CAD_per_Share" decimals="2">70.45</us-gaap:FairValueInputsOfferedQuotes>
  <us-gaap:FairValueInputsDiscountRate id="ID_2274" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_HeldForTradingHedgeMember_us-gaap_FairValueByAssetClassAxis_us-gaap_DerivativeFinancialInstrumentsAssetsMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_ValuationTechniqueAxis_us-gaap_MarketApproachValuationTechniqueMember" unitRef="pure" decimals="4">0.0033</us-gaap:FairValueInputsDiscountRate>
  <us-gaap:FairValueInputsDiscountRate id="ID_2275" contextRef=" " unitRef="pure" decimals="4">0.0007</us-gaap:FairValueInputsDiscountRate>
  <us-gaap:DefinedBenefitPlanServiceCost id="ID_2276" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">35000000</us-gaap:DefinedBenefitPlanServiceCost>
  <us-gaap:DefinedBenefitPlanFairValueOfPlanAssets id="ID_2277" contextRef="AS_OF_Dec31_2014_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">1205000000</us-gaap:DefinedBenefitPlanFairValueOfPlanAssets>
  <us-gaap:DefinedBenefitPlanFairValueOfPlanAssets id="ID_2278" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">6000000</us-gaap:DefinedBenefitPlanFairValueOfPlanAssets>
  <us-gaap:DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation id="ID_2279" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">2462000000</us-gaap:DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation>
  <us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock id="ID_2280" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash collateral provided to others&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash collateral received from others&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_2281" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">500000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ScheduleOfAllocationOfPlanAssetsTableTextBlock id="ID_2282" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Canadian Pension Plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset Class&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Target Range at Market&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;35%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Canadian&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;12%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;22%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Non-Canadian&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;36%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-Canadian Pension Plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset Class&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Target Range at Market&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;40%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;48%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;61%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:172.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Canadian equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  US equity &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other investments measured at NAV&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  619&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  619&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  619&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  682&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,301&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset Class&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Target Range at Market&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;40%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  US&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;30%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;60%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Non-US&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;60%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31,2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Life insurance policies &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other investments measured at NAV&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:477pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) For valuation purposes, the life insurance policies held for the NMGC retiree medical plan are valued at the cash surrender value and are considered Level 2 assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other investments measured at NAV&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAllocationOfPlanAssetsTableTextBlock>
  <us-gaap:ScheduleOfAssetRetirementObligationsTableTextBlock id="ID_2283" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in ARO for the years ended December 31 is as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Additions &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Additions due to acquisition&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Liabilities settled&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accretion included in depreciation expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accretion deferred to regulatory asset (included in property, plant and equipment)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  170&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Tampa Electric produces ash and other by-products known as coal combustion residuals (&amp;quot;CCRs&amp;quot;) at its Big Bend and Polk power stations. The 2016 additions to ARO are to achieve compliance with the EPA&amp;#39;s CCR rule, which contains design and operating standards for CCR management units. In 2016, the FPSC approved Tampa Electric&amp;#39;s proposed CCR compliance program for cost recovery through the Environmental Cost Recovery Clause. However, additional petitions will be submitted for recovery of future project expenses based on engineering studies currently being performed.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAssetRetirementObligationsTableTextBlock>
  <us-gaap:AssetRetirementObligationAccretionExpense id="ID_2284" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">7000000</us-gaap:AssetRetirementObligationAccretionExpense>
  <us-gaap:ContractualObligationDueAfterFifthYear id="ID_2285" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_TransportationMember" unitRef="CAD" decimals="-6">1622000000</us-gaap:ContractualObligationDueAfterFifthYear>
  <us-gaap:ContractualObligation id="ID_2286" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_CapitalProjectsMember" unitRef="CAD" decimals="-6">133000000</us-gaap:ContractualObligation>
  <us-gaap:ContractualObligationDueInFourthYear id="ID_2287" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">766000000</us-gaap:ContractualObligationDueInFourthYear>
  <us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised id="ID_2288" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" unitRef="shares" decimals="0">-622168</us-gaap:StockIssuedDuringPeriodSharesStockOptionsExercised>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue id="ID_2289" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_ema_EmployeeNonVestedStockOptionMember" unitRef="CAD_per_Share" decimals="2">2.69</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue>
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  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ID_2291" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="shares" decimals="0">497496</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted id="ID_2292" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="shares" decimals="0">280950</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted>
  <us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount id="ID_2293" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_BalanceSheetLocationAxis_ema_AvailableForSaleInvestmentAndRestrictedCashMember_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_ema_NspMaritimeLinkIncMember" unitRef="CAD" decimals="-6">577000000</us-gaap:VariableInterestEntityEntityMaximumLossExposureAmount>
  <us-gaap:Revenues id="ID_2294" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">2494000000</us-gaap:Revenues>
  <us-gaap:UtilitiesOperatingExpenseDepreciationAndAmortization id="ID_2295" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">330000000</us-gaap:UtilitiesOperatingExpenseDepreciationAndAmortization>
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  <ema:CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears id="ID_2447" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">12000000</ema:CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears>
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  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="ID_2450" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_NotesPayableToBanksMember" unitRef="pure" decimals="5">0</us-gaap:ShortTermDebtWeightedAverageInterestRate>
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  <us-gaap:FairValueInputsEntityCreditRisk id="ID_2453" contextRef=" " unitRef="pure" decimals="4">0</us-gaap:FairValueInputsEntityCreditRisk>
  <us-gaap:LongTermDebtFairValue id="ID_2454" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-5">4486700000</us-gaap:LongTermDebtFairValue>
  <us-gaap:RegulatoryAssets id="ID_2455" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_RegulatoryAssetAxis_ema_DemandSideManagementMember" unitRef="CAD" decimals="-6">36000000</us-gaap:RegulatoryAssets>
  <us-gaap:RegulatoryLiabilities id="ID_2456" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_RegulatoryLiabilityAxis_us-gaap_RemovalCostsMember" unitRef="CAD" decimals="-6">990000000</us-gaap:RegulatoryLiabilities>
  <us-gaap:RegulatoryLiabilities id="ID_2457" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RegulatoryLiabilityAxis_us-gaap_RemovalCostsMember" unitRef="CAD" decimals="-6">94000000</us-gaap:RegulatoryLiabilities>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife id="ID_2458" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_PropertyPlantAndEquipmentByTypeAxis_us-gaap_OtherEnergyEquipmentMember_us-gaap_RangeAxis_us-gaap_MinimumMember">P3Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:DefinedBenefitPlanInterestCost id="ID_2459" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">79000000</us-gaap:DefinedBenefitPlanInterestCost>
  <us-gaap:DefinedBenefitPlanInterestCost id="ID_2460" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">9000000</us-gaap:DefinedBenefitPlanInterestCost>
  <us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation id="ID_2461" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">1489000000</us-gaap:DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation>
  <us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax id="ID_2462" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">330000000</us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax>
  <us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax id="ID_2463" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">15000000</us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax>
  <us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit id="ID_2464" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">-1000000</us-gaap:DefinedBenefitPlanAmortizationOfPriorServiceCostCredit>
  <us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease id="ID_2465" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="pure" decimals="6">0.0256</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease>
  <us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease id="ID_2466" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="pure" decimals="6">0.0282</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease>
  <ema:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateIncrease id="ID_2467" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-7000000</ema:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateIncrease>
  <us-gaap:CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty id="ID_2468" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">183000000</us-gaap:CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty>
  <ema:CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears id="ID_2469" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">12000000</ema:CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2470" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember" unitRef="USD" decimals="-6">145000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PreferredStockDividendsPerShareDeclared id="ID_2471" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesEPreferredStockMember" unitRef="CAD_per_Share" decimals="4">1.125</us-gaap:PreferredStockDividendsPerShareDeclared>
  <ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet id="ID_2472" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesAPreferredStockMember" unitRef="CAD" decimals="-5">95000000</ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet>
  <us-gaap:IncreaseDecreaseInInventories id="ID_2473" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">-2000000</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:InterestPaid id="ID_2474" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">480000000</us-gaap:InterestPaid>
  <us-gaap:ShortTermDebtTextBlock id="ID_2475" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;24.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  SHORT-TERM DEBT&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s short-term borrowings consist of commercial paper issuances, advances on revolving &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and non-revolving &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;credit facilities and short-term notes.  Short-term debt and the related weighted-average interest rate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; as at December 31 consisted of the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted-average &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;interest rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted-average &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;interest rate&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;TECO Energy/TECO Finance &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on revolving credit and term facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  685&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1.74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Tampa Electric Company&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on accounts receivable and revolving credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  228&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1.49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NMGC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on revolving credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1.71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NSPI&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Bank indebtedness &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;GBPC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances on revolving credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5.75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:258.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  961&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:453.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:29.25pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company&amp;#8217;s total short-term revolving and non-revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows: &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maturity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Energy/TECO Finance - term credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  537&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;TECO Energy/TECO Finance - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  403&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tampa Electric Company - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  436&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tampa Electric Company - accounts receivable revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  201&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NMGC - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;GBPC - revolving credit facility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,762&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Advances under revolving credit and term facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  960&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Letters of credit issued inside credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total advances under available facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  963&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:296.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Available capacity under existing agreements&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  799&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The weighted average interest rate on outstanding short-term debt at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;was 1.73 per cent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; 2.70 per cent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;).&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Credit Facilities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;TECO Energy/TECO Finance Term Credit Facility&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO Energy has a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$537 million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;00 million USD&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; bank credit facility maturing &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;March 14, 2017. Interest rates on the borrowings are based on LIBOR plus a margin. TECO Finance expects to refinance the credit facility before maturity.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;TECO Energy/TECO Finance Revolving Credit Facility&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO Energy has a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$403 million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;$300 million USD&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; bank credit facility maturing December&amp;#160;17, 2018&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. Interest rates on the borrowings are based on LIBOR plus a margin.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;TEC Credit Facility&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TEC has a $436 million ($325 million USD) bank credit facility with a maturity date of D&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ecember&amp;#160;17, 2018. Interest rates on the borrowings are based on LIBOR plus a margin. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;TEC Accounts Receivable Facility &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TEC has a $201 million ($150 million USD) accounts receivable collate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ralized borrowing facility with a maturity date of March 23, 2018. Interest rates on the borrowings are based on prevailing asset-backed commercial paper rates. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TEC&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; has pledged as collateral a pool of receivables equal to the borrowings outstanding in the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;case of default. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TEC&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; continues to service, administer and collect the pledged receivables, which are classified as receivables on the balance sheet. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;NMGC Credit Agreement &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;NMGC has a $168 million ($125 million USD) bank credit facility with a maturity dat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e of December 17, 2018. Interest rates on the borrowings are based on one-month LIBOR plus a margin. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:ShortTermDebtTextBlock>
  <us-gaap:InterestAndOtherIncomeTableTextBlock id="ID_2476" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Other income (expenses), net consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:128.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:128.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on sale of APUC common shares&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (note 6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  160&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on conversion of APUC subscription receipts and dividend equivalents to common shares of APUC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (note 6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on BLPC Self-Insurance Fund (&amp;quot;SIF&amp;quot;) regulatory liability &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance for equity funds used during construction&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange (losses) gains and mark-to-market adjustments related to the TECO Energy acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (135)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  119&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gain on sale of NWP investment  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other &lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  174&lt;/font&gt;&lt;/td&gt;&lt;td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) In June 2016, BLPC secured support from the Government of Barbados and the Trustees of the SIF to reduce the contingency funding in the SIF to $22 million USD.  As a result, Emera reduced the SIF regulatory liability to $30 million ($22 million USD) and recorded a pre-tax gain of $53 million (after-tax gain of $43 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468pt;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Mark-to-market adjustments included in Emera&amp;#8217;s other income related to the effect of TECO Energy convertible debenture related USD-denominated currency and forward contracts.  These contracts were put in place to economically hedge the anticipated proceeds from the 2015 sale of $2.185 billion 4 per cent convertible unsecured subordinated debentures represented by instalment receipts (&amp;#8220;the Debenture Offering&amp;#8221; or &amp;#8220;Debentures&amp;#8221; or &amp;#8220;Convertible Debentures&amp;#8221;) for the TECO Energy acquisition. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468pt;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) On January 25, 2015, Emera completed the sale of its 49 per cent interest in NWP.  This resulted in a pre-tax gain of $19 million (after-tax gain of $12 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InterestAndOtherIncomeTableTextBlock>
  <us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate id="ID_2477" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="pure" decimals="6">0.0388</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate>
  <ema:DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate id="ID_2478" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="pure" decimals="6">0</ema:DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate>
  <ema:DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate id="ID_2479" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="pure" decimals="6">0</ema:DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate>
  <ema:DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate id="ID_2480" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="pure" decimals="6">0.0445</ema:DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate>
  <us-gaap:CapitalLeasesFutureMinimumPaymentsReceivableCurrent id="ID_2481" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">65000000</us-gaap:CapitalLeasesFutureMinimumPaymentsReceivableCurrent>
  <us-gaap:GoodwillImpairmentLoss id="ID_2482" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">0</us-gaap:GoodwillImpairmentLoss>
  <us-gaap:ShortTermBorrowings id="ID_2483" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_LineOfCreditMember" unitRef="CAD" decimals="-6">685000000</us-gaap:ShortTermBorrowings>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_2484" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_SecuredDebtMember" unitRef="CAD" decimals="-6">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityExpirationDate1 id="ID_2485" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_SecuredDebtMember">2018-12-31</us-gaap:LineOfCreditFacilityExpirationDate1>
  <us-gaap:SalesAndExciseTaxPayableCurrent id="ID_2486" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">4000000</us-gaap:SalesAndExciseTaxPayableCurrent>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2487" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_DebtInstrumentAxis_ema_LiborLoansAndDemandLoansMember" unitRef="CAD" decimals="-6">32000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PreferredStockRedemptionPricePerShare id="ID_2488" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesAPreferredStockMember" unitRef="CAD_per_Share" decimals="2">25</us-gaap:PreferredStockRedemptionPricePerShare>
  <us-gaap:PreferredStockSharesOutstanding id="ID_2489" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesEPreferredStockMember" unitRef="shares" decimals="INF">5000000</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock id="ID_2490" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table reconciles the computation of basic and diluted earnings per share:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:112.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars (except per share amounts)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Numerator&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  227.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  397.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Convertible Debentures &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Diluted numerator&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  227.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  397.2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Denominator&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average shares of common stock outstanding &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  170.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  144.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average deferred share units outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1.0&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average shares of common stock outstanding &amp;#8211; basic&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  171.4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  145.8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Stock-based compensation &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Convertible Debentures&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Weighted average shares of common stock outstanding &amp;#8211; diluted&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  172.2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  146.4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Earnings per common share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Basic &lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1.33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2.72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Diluted&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1.32&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2.71&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock>
  <us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock id="ID_2491" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  74&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  74&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  210&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  229&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:20.25pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards, physical contracts and related transportation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  27&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Power purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  417&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  434&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest rate swap&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  154&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (349)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (199)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;    Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  207&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  210&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  418&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Coal purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Heavy fuel oil purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power swaps and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Natural gas swaps, futures, forwards and physical contracts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  279&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  332&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' &gt;Other derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  445&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net assets (liabilities)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  176&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (226)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_2492" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">107000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:OtherCommitmentsTableTextBlock id="ID_2493" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Thereafter&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Purchased power &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  253&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  224&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  206&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  202&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  198&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,272&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,355&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fuel and gas supply&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  475&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  161&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  795&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Demand Side Management&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Transportation &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  496&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  392&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  310&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  280&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  196&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,622&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3,296&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term service agreements &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  527&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Capital projects&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  133&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity investment commitments &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  236&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  436&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Leases and other &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  66&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  187&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,793&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  897&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  719&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  766&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  466&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,191&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8,832&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Annual requirement to purchase electricity production from independent power producers or other utilities over varying contract lengths.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;font style='font-family:Times New Roman;font-size:7pt;color:#000000;' &gt;&amp;#160; &amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Purchasing commitments for transportation of fuel and transportation capacity on various pipelines.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) &amp;#160; Maintenance of certain generating equipment, services related to a generation facility and wind operating agreements, outsourced management of computer and communication infrastructure and vegetation management.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)  &amp;#160;Emera has a commitment in connection with the Federal Loan Guarantee (&amp;quot;FLG&amp;quot;) to complete construction of the Maritime Link.  Thirty per cent of the financing of this project will come from Emera as equity.  Emera also has a commitment to make equity contributions to the Labrador Island Link Limited Partnership upon draw requests from the general partner.  The amounts forecasted are a combination of equity investments for both projects and are subject to change in both timing and amounts as the projects advance through construction.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5)  &amp;#160;Operating lease agreements for office space, land, plant fixtures and equipment, telecommunications services, rail cars and vehicles.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherCommitmentsTableTextBlock>
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  <us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock id="ID_2555" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;36.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;SUPPLEMENTAL FINANCIAL INFORMATION&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On June 16, 2016, Emera US Finance LP, (in such capacity, the &amp;#8220;Issuer&amp;#8221;), issued $3.25 billion USD senior unsecured notes (&amp;#8220;U.S. Notes&amp;#8221;). The U.S Notes are fully and unconditionally guaranteed, on a joint and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;several basis, by Emera (in such capacity, the &amp;#8220;Parent Company&amp;#8221;) and EUSHI (in such capacity, the &amp;#8220;Guarantor Subsidiaries&amp;#8221;). Emera owns, directly or indirectly, all of the limited and general partnership interests in Emera US Finance LP.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;con&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;solidated&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; financial statements present the results of operations, financial position and ca&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;sh flows of the Parent Company&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Subsidiary &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Issuer&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, Guarantor Subsidiaries and all other Non-guarantor Subsidiaries&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; independently and on a consolidated basis. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Our &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;guarantors were not determined using geographic, service line or other similar criteria, and as&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; a result, the &amp;#8220;Parent&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8221;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8220;Subsidiary Issuer&amp;#8221;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8220;Gu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;arantor Subsidiaries&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8221; and &amp;#8220;Non-guarantor Subsidiaries&amp;#8221; columns each include portions of our domestic and interna&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tional operations. Accordingly, this basis of presentation is not intended to present our financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for guarantor &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;reporting&lt;/font&gt;&lt;font style='font-family:Arial;font-size:11pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Emera Incorporated&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Co&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;nsolidated Statements of Income&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;For the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;year&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt; ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;December 31, 2016&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:44.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:63pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated electric&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,665&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,774&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  3,437&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  451&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  499&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Non-regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  378&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (33)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  341&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;         Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,494&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,818&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  4,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel for generation and purchased &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  560&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  662&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,222&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated cost of natural gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  177&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  177&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel adjustment mechanism and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     fixed cost deferrals&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated fuel for generation and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  313&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated direct costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (23)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Operating, maintenance and general&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  647&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  461&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  1,137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Provincial, state and municipal taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  152&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  195&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  256&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  588&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,591&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  3,722&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) from operations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (39)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  367&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  555&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income (loss) from equity investments in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (150)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Intercompany income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  203&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  101&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (107)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (46)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  135&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  174&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  226&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  127&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  585&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  241&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (196)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  244&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (63)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  89&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (196)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  266&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-controlling interest in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (200)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Preferred stock dividends&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (50)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (150)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  227&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Comprehensive income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  228&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (283)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  228&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Emera Incorporated&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Co&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;nsolidated Statements of Income&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;For the year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;December 31, 2015&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:44.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:63pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:63pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated electric&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  283&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,860&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2,141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Regulated gas&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;    Non-regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  596&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;         Total operating revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  702&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  2,131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2,789&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel for generation and purchased &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  745&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  815&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulated fuel adjustment mechanism and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     fixed cost deferrals&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated fuel for generation and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  64&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  336&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-regulated direct costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Operating, maintenance and general&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  148&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  472&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  666&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Provincial, state and municipal taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Depreciation and amortization&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  260&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  340&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total operating expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  1,674&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (43)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  2,281&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) from operations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (55)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  508&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income (loss) from equity investments in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (270)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  66&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  108&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Intercompany income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (164)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Other income (expenses), net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  141&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Interest expense, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  272&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (134)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  212&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Income (loss) before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  453&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  105&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  288&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (301)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Income tax expense (recovery) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  428&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  255&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (301)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  452&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-controlling interest in subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  428&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (313)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  427&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Preferred stock dividends&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net income (loss) attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  398&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  216&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (272)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  397&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Comprehensive income (loss) of Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  911&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  303&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;  452&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (755)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;  911&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Emera Incorporated&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Consolidated Balance Sheets &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;December 31, 2016&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;128&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Restricted cash &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Receivables, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;429&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;584&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany receivables&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;569&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(646)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Inventory &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;273&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;199&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;472&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Prepayments and other current assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;273&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;898&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,962&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(659)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,511&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Property, plant and equipment, net of accumulated depreciation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12,724&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,552&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;17,290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;114&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(38)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;125&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;131&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;647&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net investment in direct financing lease &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;475&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;488&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments in subsidiaries accounted for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     using the equity method &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8,349&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(8,349)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments subject to significant influence &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;929&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;947&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investment securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Goodwill &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany notes receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,341&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,558&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;589&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,504)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investments - intercompany&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,270)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;169&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,771&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,558&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,904&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17,192)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9,420&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10,058&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;20,526&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,893&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17,851)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;29,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Balance Sheets &amp;#8211; Continued&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:55.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities and Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Short-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;948&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;961&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Current portion of long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;436&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;476&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accounts payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;756&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;534&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;81&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(646)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;314&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;325&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;225&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;137&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;362&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;58&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other current liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;141&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;281&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;          &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;608&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,586&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,170&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(659)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;3,724&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,338&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,314&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,687&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,929&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;14,268&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;366&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,778&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,357&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,501)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,193&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;516&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(38)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,672&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Convertible debentures &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;150&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;973&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;304&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Asset retirement obligations &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;170&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;433&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;669&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;213&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;268&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;467&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,746&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12,338&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,852&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,570)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;18,681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,738&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,177&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,997&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(8,416)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;4,738&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cumulative preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;620&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(891)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Contributed surplus&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accumulated other comprehensive income &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     (loss) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;340&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(191)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(159)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retained earnings &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,076&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;420&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;610&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,039)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,076&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total Emera Incorporated equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,704&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,602&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,793&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10,656)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,704&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-controlling interest in subsidiaries &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,704&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,602&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,871&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10,622)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,816&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total liabilities and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10,058&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;20,526&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,893&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17,851)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;29,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Emera Incorporated&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;Consolidated Balance Sheets &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;December 31, 2015&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,073&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Restricted cash &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Receivables, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;578&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(248)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Inventory &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;266&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;46&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;250&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Prepayments and other current assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;222&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;265&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(279)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,596&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Property, plant and equipment, net of accumulated depreciation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,035&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;167&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;168&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;505&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;605&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net investment in direct financing lease &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments in subsidiaries accounted for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     using the equity method &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,042&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,042)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments subject to significant influence &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;509&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;624&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investment securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;116&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;116&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Goodwill &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;158&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany notes receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,051&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,754&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,805)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investments - intercompany&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(98)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,653&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,004&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12,013)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,974&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,890&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,630&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,811&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12,292)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;12,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Balance Sheets &amp;#8211;  Continued&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:55.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities and Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Short-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Current portion of long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accounts payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;301&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;394&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(221)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;313&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;349&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other current liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;          &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;401&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;974&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(252)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,367&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;464&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,882&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;3,735&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,631&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,072&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,823)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;343&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;450&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;762&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Convertible debentures (represented by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     installment receipts)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,139&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,458)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;341&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Asset retirement obligations &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;303&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;233&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;299&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,289&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,922&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,891)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,338&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,829&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,141)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cumulative preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;425&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(696)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Contributed surplus&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(178)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accumulated other comprehensive income &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     (loss) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;137&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;245&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(169)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(76)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retained earnings &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;341&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;751&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,092)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,168&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total Emera Incorporated equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,368&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,815&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,183)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;4,200&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-controlling interest in subsidiaries &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;134&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,368&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,915&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,149)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;4,334&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total liabilities and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,890&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,630&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,811&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12,292)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;12,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Statements of Cash Flows &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:26.25pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;                                                                                            &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:54.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:57pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:57pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) by operating activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;265&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;481&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,053&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Acquisitions, net of cash acquired&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(8,409)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(8,409)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Additions to property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(633)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(396)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(1,031)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net purchase of investments subject to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence, inclusive of acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(276)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(276)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net proceeds on sale of investment subject to                 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence and held-for-trading                 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     common shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;665&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;665&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other intercompany investing activities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,348)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,416)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,397)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(54)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) investing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,685)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,416)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(9,102)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3,081)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,179&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(9,105)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Financing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Change in short-term debt, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;118&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from long-term debt, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,037&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,187&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,516&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;764&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,081)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,423&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from convertible debentures &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     represented by instalment receipts, net &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     of issuance costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,457&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,413&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retirement of long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(250)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(36)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(273)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net borrowings (repayments) under committed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(210)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(99)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(315)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of common stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;354&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,865&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;354&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of preferred stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;195&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(195)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(221)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(254)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;254&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(221)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(28)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(31)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(28)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends paid by subsidiaries to non-controlling &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other financing activities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;185&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(185)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) financing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,624&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,429&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8,643&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,088&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(9,336)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;7,448&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Effect of exchange rate changes on cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(54)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(65)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net increase (decrease) in cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(940)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(669)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, beginning of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,073&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, end of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;128&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;text-align:left;vertical-align:top;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Statements of Cash Flows &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:26.25pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;For the year ended December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;                                                                                            &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:54.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:54.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:57pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:57pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) operating activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;291&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(171)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;674&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Additions to property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(66)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(354)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(427)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net purchase of investments subject to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence, inclusive of acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(132)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(136)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds on sale of investment subject to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;282&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;282&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other intercompany investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,453)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(29)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,482&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(751)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(413)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,331&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) investing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3,212)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;203&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(928)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,813&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(124)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Financing activities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Change in short-term debt, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(262)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(262)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from long-term debt, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,465&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,048)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;446&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Proceeds from convertible debentures &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     represented by instalment receipts, net &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     of issuance costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,138&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,457)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retirement of long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(420)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(372)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;702&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(90)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net borrowings (repayments) under committed &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(39)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(153)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(201)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of common stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,390&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,390)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Issuance of preferred stock, net of issuance &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(162)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(162)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;162&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(162)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends on preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(15)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(25)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(30)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Dividends paid by subsidiaries to non-controlling &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     interest&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other financing activities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,001&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(55)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,091)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;(156)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net cash provided by (used in) financing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,921&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(426)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,372&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3,646)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Effect of exchange rate changes on cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;81&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Net increase (decrease) in cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;875&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;852&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, beginning of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;193&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9.95pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Cash and cash equivalents, end of period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,073&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock>
  <ema:ScheduleOfRegulatoryDeferredGainLossesDerivativesTableTextBlock id="ID_2556" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:315pt;text-align:right;vertical-align:top;border-color:Black;min-width:315pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commodity swaps and forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Physical natural gas purchases and sales&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (24)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized gain (loss) in regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  101&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  173&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in regulatory liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in inventory &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (44)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized (gain) loss in regulated fuel for generation and purchased power &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total change derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  163&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (90)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (30)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:3;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:#000000;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Realized (gains) losses will be recognized in fuel for generation and purchased power when the hedged item is consumed.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) Realized (gains) losses on derivative instruments settled and consumed in the period; hedging relationships that have been terminated or the hedged transaction is no longer probable.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:ScheduleOfRegulatoryDeferredGainLossesDerivativesTableTextBlock>
  <us-gaap:PropertyPlantAndEquipmentTextBlock id="ID_2557" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Property, plant and equipment consisted of the following regulated and non-regulated assets: &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Estimated useful life&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Generation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3 to 131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10,553&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4,957&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Transmission&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;28 to 77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,799&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,603&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Distribution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;11 to 80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5,715&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,503&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Gas transmission and distribution&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10 to 85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,895&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;General plant and other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3 to 50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,711&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  932&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23,673&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9,995&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less:  Accumulated depreciation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (7,787)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3,737)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15,886&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,258&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Construction work in progress&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,404&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  211&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net book value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17,290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:PropertyPlantAndEquipmentTextBlock>
  <us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock id="ID_2558" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Future minimum lease payments to be received for the next five years:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='10' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Minimum lease payments to be received&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less: amounts representing estimated executory costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Minimum lease payments receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock>
  <us-gaap:ContractualObligationDueInNextTwelveMonths id="ID_2559" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_PurchasedPowerMember" unitRef="CAD" decimals="-6">253000000</us-gaap:ContractualObligationDueInNextTwelveMonths>
  <us-gaap:ContractualObligationDueInSecondYear id="ID_2560" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_PurchasedPowerMember" unitRef="CAD" decimals="-6">224000000</us-gaap:ContractualObligationDueInSecondYear>
  <us-gaap:ContractualObligationDueInFourthYear id="ID_2561" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_DemandSideManagementMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInFourthYear>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue id="ID_2562" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD_per_Share" decimals="2">2.66</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate id="ID_2563" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="pure" decimals="6">0.0073</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate>
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  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber id="ID_2565" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="shares" decimals="0">680931</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised id="ID_2566" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_TitleOfIndividualAxis_us-gaap_DirectorMember" unitRef="shares" decimals="0">36381</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue id="ID_2567" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD_per_Share" decimals="2">37.54</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding id="ID_2568" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD" decimals="-5">21500000</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding>
  <us-gaap:ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock id="ID_2569" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Goodwill &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Goodwill &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; not amortized, but &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; subject to an annual impairment test.  Emera&amp;#8217;s reporting units containing goodwill &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;during the fourth quarter of each year, and interim impairment tests are performed when impairment indicat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ors are present.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;If it is more likely than not that a reporting unit&amp;#8217;s fair value is less than its carrying amount, the Company calculates the fair value of the reporting unit. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The carrying amount of the reporting unit&amp;#8217;s goodwill is considered not recover&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;able if the carrying amount of the reporting unit as a whole exceeds the reporting unit&amp;#8217;s fair value.  An impairment charge is recorded for any excess of the carrying value of the goodwill over the implied fair value.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  See note&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;23&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for further detail&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;C&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;ost and Equity Method Investments&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The carrying value of investments accounted for under the cost and equity methods are assessed for impairment by comparing the fair values of these investments to their carrying values, if a fair value assessment was comp&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;leted, or by reviewing for the presence of impairment indicators.  If an impairment exists and it is determined to be other-than-temporary, a charge is recognized &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in earnings &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;equal to the amount the carrying value exceeds the investment&amp;#8217;s fair value.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' &gt;Fina&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-style:italic;' &gt;ncial Assets&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired.  In the case of equity securities classified as available-for-sale, a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n other than temporary&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;decline in the fair value of the security below its cost is considered as an indicator that the securities are impaired.  In the case of debt securities classified as available-for-sale, a breach of contract&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; such as default or delinquency in interest or &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;principal payments, or evidence of significant financial difficulty of the issuer is considered an indicator of impairment.  If any such evidence exists for available-for-sale financial assets, the cumulative loss, measured as the difference between the ac&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;quisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in income, is removed from AOC&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;I&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and recognized &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the Consolidated Statements of Income. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock>
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  <us-gaap:ProfitLoss id="ID_2573" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">9000000</us-gaap:ProfitLoss>
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  <us-gaap:DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent id="ID_2658" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent>
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  <us-gaap:LiabilitiesNoncurrent id="ID_2662" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">4315000000</us-gaap:LiabilitiesNoncurrent>
  <us-gaap:PreferredStockValue id="ID_2663" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">709000000</us-gaap:PreferredStockValue>
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  <us-gaap:LiabilitiesCurrent id="ID_2665" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-252000000</us-gaap:LiabilitiesCurrent>
  <us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent id="ID_2666" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
  <us-gaap:Goodwill id="ID_2667" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:Goodwill>
  <us-gaap:Goodwill id="ID_2668" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">158000000</us-gaap:Goodwill>
  <us-gaap:ShortTermBorrowings id="ID_2669" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:ShortTermBorrowings>
  <us-gaap:ShortTermBorrowings id="ID_2670" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">16000000</us-gaap:ShortTermBorrowings>
  <us-gaap:AccountsPayableCurrent id="ID_2671" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">76000000</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccruedIncomeTaxesCurrent id="ID_2672" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">77000000</us-gaap:AccruedIncomeTaxesCurrent>
  <us-gaap:PreferredStockRedemptionPricePerShare id="ID_2673" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesBPreferredStockMember" unitRef="CAD_per_Share" decimals="2">25</us-gaap:PreferredStockRedemptionPricePerShare>
  <ema:PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendNextThreeYears id="ID_2674" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember" unitRef="pure" decimals="5">0.085</ema:PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendNextThreeYears>
  <us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable id="ID_2675" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">32000000</us-gaap:IncreaseDecreaseInAccruedIncomeTaxesPayable>
  <us-gaap:PreferredStockTextBlock id="ID_2676" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;29.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;CUMULATIVE PREFERRED STOCK&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:463.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Authorized:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:463.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Unlimited number of First Preferred shares, issuable in series.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:463.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Unlimited number of Second Preferred shares, issuable in series.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:122.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:122.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:126pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='3' rowspan='1' style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:112.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Annual Dividend&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Redemption&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Issued and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Issued and&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Per Share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Price per share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Proceeds&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Proceeds&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.6388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3,864,636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3,864,636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  95&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series B&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Floating&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2,135,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,135,364&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series C&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1.0250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;10,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  245&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  245&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series E&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1.1250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;26.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  122&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  122&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Series F&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1.0625&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.00&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;8,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  195&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;8,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  195&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;29,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  709&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;29,000,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;On Augu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;st 17, 2015, Emera announced that &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2,135,364&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of its &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;6,000,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; issues and outstanding Series A Shares were tendered for conversion, on a one-for-one basis into Cumulative Floating Rate First Preferred Shares, Series B (the &amp;#8220;Series B Shares&amp;#8221;).  As&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; a result of the conversion, Emera has &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3,864,636&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Series A Shares and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2,135,364&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Series B Shares issued an&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d outstanding. The 2016 dividends for the Series A and Series B shares were $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0.6388&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per share and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0.5724&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; respectively. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The First Preferred Shares, Se&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ries A, C and F are entitled to receive fixed cumulative cash dividends as and when declared by the Board of Directors of the Corporation in the amounts of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0.6388&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.025&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.0625&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per share per annum, respectively for each year up to and excluding Augu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;st 15, 2020, August 15, 2018, and February 15, 2020, respectively.  As at August 15, 2020, August 15, 2018, and February 15, 2020, the holders of the First Preferred Shares Series A, C and F, respectively, are entitled to receive reset fixed cumulative cas&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;h dividends.  The reset annual dividend per share will be determined by multiplying $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.00 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per share by the annual fixed dividend rate of the First Preferred Shares, Series A, C and F, respectively, which is the sum of the five-year Government of Canada Bo&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nd&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Yield on the application reset date plus &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.84 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2.65 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent, and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2.63&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The First Preferred Shares, Series B, are entitled to receive floating rate cumulative cash dividends, as and when declared by the Board of Director&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of the Corporation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in the amount determined by multiplying $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.00&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; by the three month Government of Canada Treasury Bill rate plus &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.84&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The First Preferred Shares, Series E, are entitled to receive fixed rate cumulative cash dividends, as and w&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hen declared by the Board of Directors&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of the Corporation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in the amount $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1.1250 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per share &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per annum.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The holders of First Preferred Shares, Series A, C and F will have the right, at their option, to convert their shares into an equal number of Cumulative &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Floating Rate First Preferred Shares, Series B, D, and G, of the Company, respectively, on August 15, 2020 August 15, 2018, and February 15, 2020, respectively, and every five years thereafter.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The holders of the First Preferred Shares, Series B will have&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the right, at their option, to convert their shares into an equal number of Series A shares of the Company on August 15, 2020 and every five years thereafter.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has the right to redeem the outstanding Preferred Shares, Series A, C, and F shares&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; without the consent of the holder on August 15, 2020, August 15, 2018, and February 15, 2020 respectivel&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;y and on August 15, August 15 and February &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;15 respectively every five years thereafter for cash, in whole or in part at a price of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.00&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per share plu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s all accrued and unpaid dividends up to but excluding the date fixed for redemption. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has the right to redeem the outstanding Preferred Shares, Series B, Series D and Series G shares without the consent of the holder on August 15, 2020, Augu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;st 15, 2023&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;February 15, 2025 respectively and on August 15, August 15 and February 15 every five years thereafter for cash, in whole or in part at a price of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.00&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per share plus all accrued and unpaid dividends up to but excluding the date fixed for&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; redemption and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.50&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per share plus all accrued and unpaid dividends &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;up to but excluding the date fixed for redemption in the case of redemptions &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;on any other date after August 15, 2015, August 15, 2018 and February 15, 2020, respectively.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company h&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as the right to redeem the outstanding First Preferred Shares, Series E on or after August 15, 2018 in whole or in part, at the Company&amp;#8217;s option, by the payment in cash of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;26.00 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per Series E Preferred Share if redeemed prior to August 15, 2019; at $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.75 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per Series E Preferred Share if redeemed on or after August 15, 2019, but prior to August 15, 2020; at $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.50&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per Series E Preferred Share if redeemed on or after August 15, 2020, but prior to August 15, 2021; at $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.25 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per Series E Preferred Share if rede&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;emed on or after August 15, 2021, but prior to August 15, 2022; and at $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25.00&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per Series E Preferred Share if redeemed on or after August 15, 2022, in each case together with all accrued and unpaid dividends up to but excluding the date fixed for redemptio&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As the First Preferred Shares, Series A, B, C, E and F are neither redeemable at the option of the shareholder nor have a mandatory redemption date, they are classified as equity and the associated dividends will be deducted on the consolidated stateme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nts of earnings immediately before arriving at &amp;#8220;Net earnings attributable to common shareholders&amp;#8221; and will be shown on the consolidated statement of equity as a deduction from retained earnings.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The First Preferred Shares of each series rank on a parity with the First &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;P&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;referred Shares of every other series and are entitled to a preference over the Second Preferred Shares, the Common Shares, and any other shares ranking junior to the First Preferre&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d Shares with respect to the payment of dividends and the distribution of the remaining property and assets or return of capital of the Company in the liquidation, dissolution or wind-up, whether voluntary or involuntary.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In the event the Company fails to&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; pay, in aggregate, eight quarterly dividends on any series of the First Preferred Shares, the holders of the First Preferred Shares will be entitled to attend any meeting of shareholders of the Company &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;at which directors are to be elected &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;and to vote &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the election of two directors out of the total number of directors elected at any such &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;meeting.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:PreferredStockTextBlock>
  <us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock id="ID_2677" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='6' rowspan='1' style='width:474pt;text-align:left;vertical-align:top;border-color:Black;min-width:474pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The reclassifications out of accumulated other comprehensive income (loss) are as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Affected line item in the Consolidated Statements of Income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:84pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:84pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amounts reclassified from AOCI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Losses (gain) on derivatives recognized as cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Power and gas swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Interest rate swaps&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Foreign exchange forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating revenue - regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net change in unrecognized pension and post-retirement benefit costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Actuarial losses (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;OM&amp;amp;G&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  41&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  50&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Past service costs (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;OM&amp;amp;G&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Amounts reclassified into obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement benefits&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  115&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Net change in available-for-sale investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other income (expenses), net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Equity method reclassification adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Investments subject to significant influence&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total before tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  46&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total reclassifications out of AOCI, net of tax, for the period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  114&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock>
  <us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock id="ID_2678" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;13.  RECEIVABLES, NET&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Receivables, net consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Customer accounts receivable &amp;#8211; billed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  715&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  406&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Customer accounts receivable &amp;#8211; unbilled&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  144&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total customer accounts receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  985&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  550&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Customer accounts receivable, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  972&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  538&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  578&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_2679" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">111000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <ema:NoncontrollingInterestTableTextBlock id="ID_2680" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;30.  NON-CONTROLLING INTEREST IN SUBSIDIARIES&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Non-controlling interest in subsidiaries consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;ICDU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Preferred shares of GBPC&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Domlec &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;ECI&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  134&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) On December 17, 2015, an indirect wholly owned subsidiary of Emera acquired approximately 2.6 million ECI shares, increasing its ownership interest from 80.7 per cent to 95.5 per cent. On March 22, 2016, an indirect wholly-owned subsidiary of Emera acquired 0.7 million ECI shares (which owns 51.9 per cent share of Domlec), increasing Emera&amp;#39;s ownership interest in ECI from 95.5 to 100 per cent.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:NoncontrollingInterestTableTextBlock>
  <ema:AssetRetirementObligationAccretionExpenseDeferredToRegulatoryAsset id="ID_2681" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-2000000</ema:AssetRetirementObligationAccretionExpenseDeferredToRegulatoryAsset>
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The Company also contributes to the plan a percentage of the employee&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s&amp;#8217; contributions. If an employee contributes any am&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ount up to $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to employees p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lan account, the Company will contribute &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;20&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cent of that amount. When an employee contributes any amount over $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, up to the $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; maximum, the Company will contribu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;te &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cent of that amount. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The plan allows the reinvestment of dividends.  The maximum aggregate number of Emera common shares reserved for&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; issuance under this plan is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million common shares.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company also has a Common Shareholders Dividend Rein&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;vestment and Share Purchase Plan (&amp;#8220;Dividend Reinvestment Plan&amp;#8221;), which provides an opportunity for shareholders to reinvest dividends and for the purpose of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; purchasing common shares.&amp;#160; This &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;plan pr&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ovides for a discount of up to 5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent from the average m&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;arket price of Emera&amp;#8217;s common shares for common shares purchased in connection with th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e reinvestment of cash dividend&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Compensation cost &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for shares issued by Emera &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; under the Employee Common Share Purchase Plan was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million) and is included in &amp;#8220;Opera&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ting, maintenance and general&amp;#8221; on the Consolidated Statements of Income.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;STOCK-BASED COMPENSATION PLANS&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Stock Option Plan&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has a stock option plan that grants options to senior management of the Company for a maximum term of ten years.  The option price of the stock options is the closing market price of the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;stocks on the day before the option is granted.  The maximum aggregate number of shares issuable under this plan is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11.7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million shares.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;All options granted to date are exercisable on a graduated basis with up to &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent of options exercisable on the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;first anniversary date and further &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; per cent increments on each of the second, third and fourth anniversaries of the grant. If an option is not exercised within ten years, it expires and the optionee loses all rights thereunder.  The holder of the option&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; has no rights as a shareholder until the option is exercised and shares have been issued. The total number of stocks to be optioned to any optionee shall not exceed five per cent of the issued and outstanding common stocks on the date the option is grante&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;If, before the expiry of an option in accordance with its terms, the optionee ceases to be an eligible person due to retirement or termination for other than just cause, such option may, subject to the terms thereof and any other terms of the plan, be &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;exercised at any time within the 24 months following the date the optionee retires, but in any case prior to the expiry of the option in accordance with its terms.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;If, before the expiry of an option in accordance with its terms, the optionee ceases to be &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;an eligible person due to employment termination for just cause, resignation or death, such option may, subject to the terms thereof and any other terms of the plan, be exercised at any time within the six months following the date the optionee is terminat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed, resigns or dies, as applicable, but in any case prior to the expiry of the option in accordance with its terms. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company uses the fair value based method to measure the compensation expense related to its stock-based compensation and recognizes th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e expense over the vesting period on a straight-line basis.  The fair value of stock option awards granted was estimated on the date of grant using a Black-Scholes valuation model.  The expected term of the option awards is calculated based on historical e&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;xercise behaviour and represents the period of time that options are expected to be outstanding.  The risk-free interest rate is based on the Bank of Canada &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;five-year &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;government bond yields.  The expected dividend yield incorporates current dividend rates &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as well as historical dividend increase patterns.  Emera&amp;#8217;s expected stock price volatility was estimated using its &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;five&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-year historical volatility.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The fol&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lowing table shows the weighted &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;average fair values per stock option along with the assumptions in&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;corporated into the valuation models for options granted:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended December 31, &lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average fair value per option&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.66&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5 years&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5 years&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Risk-free interest rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.66&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.73&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected dividend yield&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4.08&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3.65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected volatility&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15.45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14.58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following table summarizes information related to the stock options for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td style='width:195pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total Options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-Vested Options&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Number of Options&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;        Weighted average exercise price per share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Number of Options&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average grant date fair-value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,927,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;33.07&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1,453,486&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Granted &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;615,100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;46.19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;615,100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.80&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(622,168)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;N/A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;N/A&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Forfeited&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(548,461)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Options outstanding December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2,920,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;37.42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,520,125&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Options exercisable December 31, 2016 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,399,875&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;33.35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) As at December 31, 2016 there was $3 million of unrecognized compensation related to stock options not yet vested which is expected to be recognized over a weighted average period of approximately 2.4 years (2015 - $3 million, 2.3 years).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477pt;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) As at December 31, 2016, the weighted average remaining term of vested options was 5.7 years with an aggregate intrinsic value of $17 million (2015 - 5.3 years, $21 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477pt;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) As at December 31, 2016 the fair value of options that vested in the year was $2 million (2015 - $1 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Compensation cost recognized for stock options for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;which &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is included in &amp;#8220;Operating, maintenance and general&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; on the Consolidated Statements of Income.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cash &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;received from option exercises was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million). The total intrinsic value of options exercised for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;13&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million).  The range of exercise prices for the options outst&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;anding as at December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;20.42&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;46.19&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;19.88&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; to $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;42.71&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;).&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Share Unit Plans&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has deferred share unit (&amp;#8220;DSU&amp;#8221;) and performance share unit (&amp;#8220;PSU&amp;#8221;) plans.  The DSU and PSU liabilities are marked-to-market at the end of each period based on the common share price at the end of the period.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Deferred Share &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;Unit Plans &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Under the Directors&amp;#8217; DSU plan, Directors of the Company may elect to receive all or any portion of their compensation in DSUs in lieu of cash compensation, subject to requirements to receive a minimum portion of their annual retainer in DSUs. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Directors&amp;#8217; fees are paid on a quarterly basis and, at the time of each payment of fees, the applicable amount is converted to DSUs.  A DSU has a value equal to one Emera common share.  When a dividend is paid on Emera&amp;#8217;s common shares, referred to as the D&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ividend Reinvestment Plan (&amp;#8220;DRIP&amp;#8221;), the Director&amp;#8217;s DSU account is credited with additional DSUs.  DSUs cannot be redeemed for cash until the Director retires, resigns or otherwise leaves the Board.  The cash redemption value of a DSU equals the market valu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e of a common share at the time of redemption, pursuant to the plan. Following retirement or resignation from the board, the value of the DSUs credited to the participant&amp;#8217;s account is calculated by multiplying the number of DSUs in the participant&amp;#8217;s accoun&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t by the average of Emera&amp;#8217;s stock closing price during the ten trading days ending on the tenth trading day prior to the payment date.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Under the executive and senior management DSU plan, each participant may elect to defer all or a percentage of their ann&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ual incentive award in the form of DSUs with the understanding, for participants who are subject to executive share ownership guidelines, a minimum of &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;50&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;% of the value of their actual annual incentive award (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;% in the first year of the program) will be pa&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;yable in DSUs until the applicable guidelines are met.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;When incentive awards are determined, the amount elected is converted to DSUs, which have a value equal to the market price of an Emera common share.  When a dividend is paid on Emera&amp;#8217;s common shares,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; each participant&amp;#8217;s DSU account is allocated additional DSUs equal in value to the dividends paid on an equivalent number of Emera common shares.  Following termination of employment or retirement, and by December 15 of the calendar year after termination &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;or retirement, the value of the DSUs credited to the participant&amp;#8217;s account is calculated by multiplying the number of DSUs in the participant&amp;#8217;s account by the average of Emera&amp;#8217;s stock closing price for the fifty trading days prior to a given calculation da&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;te. Payments are usually made in cash.  At the sole discretion of the Management Resources and Compensation Committee (&amp;#8220;MRCC&amp;#8221;), payments may be made in the form of actual shares.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In addition, special DSU awards may be made from time to time by the MRCC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to selected executives and senior management to recognize singular achievements or to achieve certain corporate objectives.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;A summary of the activity related to employee and director DSUs for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; is presented in the followi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ng table:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:42pt;' &gt;&lt;td style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Employee DSU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Grant Date Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Director &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;DSU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Grant Date Fair Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;606,646&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;26.27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;362,750&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;31.36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Granted including DRIP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;74,855&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;37.60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;69,429&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;43.67&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(570)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;46.58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(36,381)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;27.42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Outstanding and exercisable as at December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;680,931&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;27.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;395,798&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;33.88&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Compensation cost recognized for employee and director DSU for the year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;8&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million).  Tax benefits related to this compensation cost for share units realized for the year ended &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; were $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million); $nil was offset with regulatory assets and regulatory liabilities &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Performance Share Unit Plan &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Under the PSU plan, executive and senior employees are eligible for long-term incentives payable through the PSU plan.  PSUs are granted annually for three-year overlapping performance cycles.  PSUs are granted based on the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;average of Emera&amp;#8217;s stock closing price for the fifty trading days prior to a given calculation date. Dividend equivalents are awarded and are used to purchase additional PSUs, also referred to as DRIP.  The PSU value varies according to the Emera common sh&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;are market price and corporate performance.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;PSUs vest at the end of the three-year cycle and will be calculated and approved by the MRCC early in the following year.  The value of the payout considers actual service over the performance cycle and will be &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;pro-rated in the case of retirement, disability or death.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;A summary of the activity related to&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; employee PSUs for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; is presented in the following table:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Employee PSU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Grant Date Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Aggregate intrinsic value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;497,496&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;34.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;21.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Granted including DRIP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;280,950&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;40.60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(208,999)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;34.39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Forfeited&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(8,567)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;37.54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Outstanding as at December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;560,880&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;37.55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;25.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Compensation cost recognized for the PSU plan for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;11&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;10&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million). Tax benefits related to this compensation cost for share units realized for the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;were $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;3&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million).  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
  <us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock id="ID_2711" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The deferred income tax assets and liabilities presented in the Consolidated Balance Sheets as at December 31 consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Deferred income tax assets:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax loss carry forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,036&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  72&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory liabilities - cost of removal&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Tax credit carry forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  173&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  204&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pension and post-retirement liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  147&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  129&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory liabilities &amp;#8211; deferrals related to derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  101&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset retirement obligations&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  47&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  355&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  136&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total deferred income tax assets before valuation allowance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,565&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  731&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Valuation allowance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (58)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (18)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total deferred income tax assets after valuation allowance&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,507&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  713&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Deferred income tax (liabilities):&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Property, plant and equipment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3,625)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (960)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Derivative instruments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (202)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (264)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (103)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (89)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (124)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (130)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total deferred income tax liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (4,054)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1,443)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Consolidated Balance Sheets presentation:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term deferred income tax assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  125&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  32&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term deferred income tax liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1,672)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (762)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net deferred income tax liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1,547)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (730)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock>
  <us-gaap:ScheduleOfInventoryCurrentTableTextBlock id="ID_2712" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15.75pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;14.  INVENTORY&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Inventory consisted of the following: &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fuel &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  235&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  185&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Materials &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emission credits&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  472&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:36.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)The NEGG Facilities are subject to the Acid Rain Program for sulphur dioxide emissions and the Regional Greenhouse Gas Initiative (&amp;quot;RGGI&amp;quot;) for carbon dioxide emissions. The emissions credits inventory balance represents the credits purchased to offset the other current liabilities and other long-term liabilities associated with these programs.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfInventoryCurrentTableTextBlock>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2713" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoFinanceIncMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesSixFiveSevenPercentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="CAD" decimals="-6">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2714" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_DebtInstrumentAxis_ema_GeneralRefundingMortgageBondsIMember" unitRef="CAD" decimals="-6">296000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2715" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesIMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="CAD" decimals="-6">77000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PreferredStockSharesOutstanding id="ID_2716" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesEPreferredStockMember" unitRef="shares" decimals="INF">5000000</us-gaap:PreferredStockSharesOutstanding>
  <ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet id="ID_2717" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesFPreferredStockMember" unitRef="CAD" decimals="-5">195000000</ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet>
  <us-gaap:MinorityInterestOwnershipPercentageByParent id="ID_2718" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_DominicaElectricityServicesLtdMember" unitRef="pure" decimals="3">0.519</us-gaap:MinorityInterestOwnershipPercentageByParent>
  <us-gaap:IncreaseDecreaseInOtherCurrentLiabilities id="ID_2719" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">-9000000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
  <us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock id="ID_2720" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;21.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  EMPLOYEE BENEFIT PLANS&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera maintains a number of contributory defined-benefit and defined-contribution pension plans, which cover sub&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;stantially all of its employees.  In addition, the Company provides&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; non-pension benefits for its retirees&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;These plans cover employees&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in Nova Scotia, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;New Brunswick, Newfoundland and Labrador, Florida, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Maine,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Connecticut, Massachusetts, Rhode Island,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;New Mexico, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Barbados&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, Dominica&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and Grand Bahama Island.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of TECO Energy has added three defined &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;benefit pension plans:&lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TECO Energy Group Retirement Plan.  An ongoing qualified pension plan covering all employees of TECO Energy, Inc. and its affiliates.  This plan is a pension equity plan funded solely by employer contributions.  There are no employee&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; contributions to this plan.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TECO Energy Group Supplemental Executive Retirement Plan.  An unqualified supplemental executive retirement plan covering certain officers elected by the previous TECO Energy Board of Directors.  This plan was historically unfu&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nded, but was funded as a result of Emera&amp;#8217;s acquisition of TECO Energy. &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TECO Energy Group Benefit Restoration Plan&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;An unfunded supplemental executive retirement plan effective January 1, 2016. The plan provides the benefits under the TECO Energy Group R&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;etirement Plan formula that would otherwise be restricted as a result of the Internal Revenue Code.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;In addition, there are two non-pension benefit plans:&lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TECO Energy Post-retirement Health and Welfare Plan.  This plan offers retirees under age 65 and thei&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r dependents a self-funded health reimbursement account (&amp;#8220;HRA&amp;#8221;) medical plan identical to that offered to active TECO Energy employees.  Retirees over the age of 65 are enrolled in a Medicare Advantage plan.&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;New Mexico Gas Company Retiree Medical Plan&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;is plan offers retirees under age 65 and their dependents a self-funded HRA medical plan identical to that offered to active TECO Energy employees.  Retirees over age 65 and their dependents receive a fixed subsidy with which they can purchase additional c&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;overage through a medical supplement program.  Dental benefits are provided to retirees and spouses. Plan assets are held in a trust.  &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The net periodic costs below that relate to TECO Energy reflect purchase accounting &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;at the acquisition date.  In accord&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ance with the Company&amp;#8217;s accounting policies, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unamortized &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;gains and losses and past service costs are recognized in AOCI for TECO Energy&amp;#8217;s unregulated companies and as regulatory assets for their &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulated companies.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Benefit Obligation and Plan Assets&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The changes in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;b&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;enefit &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;bligation and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lan &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ssets, and the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;f&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;unded &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;tatus for all plans were as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the &lt;/font&gt;&lt;/td&gt;&lt;td colspan='8' rowspan='1' style='width:300pt;text-align:right;vertical-align:top;border-color:Black;min-width:300pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Change in Projected Benefit Obligation (&amp;quot;PBO&amp;quot;) and Accumulated Post-retirement Benefit Obligation (&amp;quot;APBO&amp;quot;)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,520&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,470&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  102&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Addition of TECO Energy, July 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,035&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  277&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Service cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Plan participant contributions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Plan amendments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Benefits paid &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (94)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (61)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial losses &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (15)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign currency translation adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,607&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  358&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,520&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Change in plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,300&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,205&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Addition of TECO Energy, July 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  830&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Employer contributions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Plan participant contributions &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Benefits paid&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (94)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (61)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actual return on assets, net of expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign currency translation adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,300&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Funded status, end of year &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (399)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (319)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (220)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (82)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Plans &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;with &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;PBO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;/&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;APBO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;in excess of plan assets&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;he aggregate financial position for all pension plans where the PBO or, for post-retirement benefit plans, the APBO exceeds the plan assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for the years ended December 31 is &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;PBO/APBO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  358&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,489&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair value of plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Funded status&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (408)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (319)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (228)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (82)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Plans with Accumulated Benefit Obligation (&amp;#8220;ABO&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;in excess of plan assets&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ABO &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for the defined benefit pension plans was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2,489 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; as at December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1,427&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million).  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;he aggregate financial position for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;those&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; plan&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s with an &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ABO in excess of the p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lan assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for the yea&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rs ended December 31 is as follows&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;ABO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,462&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair value of plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,261&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Funded status&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (291)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (163)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Balance Sheet &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The amounts recognized in the Consolidated Balance Sheets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;consisted of the following: &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:131.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:131.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (41)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (367)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (302)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (224)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (79)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other asset (non-current)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amount included in deferred tax asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;AOCL (AOCI) and regulatory assets after-tax adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  620&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net amount recognized at end of year&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  237&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (275)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (94)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Amounts recognized in AOCI and Regulatory assets&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Unamortized gains and losses and past service costs arising on post-retirement benefits are recorded in AOCI&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; or regulatory assets&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  Unamortized net losses and past service costs as at the acquisition date for TECO Energy&amp;#8217;s regulated companies were &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;recorded as r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;egulatory assets.  The following table&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; summarizes &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the change in A&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;OCI and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;egulatory assets:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial losses&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(gains)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Past service&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(gains) costs&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined Benefit Pension Plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  353&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amortized in current period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current year addition to AOCL or regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefits plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amortized in current period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current year addition to AOCL (AOCI) or regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  353&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Past service (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total AOCL (AOCI) and regulatory assets on a pre-tax basis&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  349&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amount included in deferred tax asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net amount in AOCL (AOCI) and regulatory assets after-tax adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  620&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Benefit cost components&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#39;s net periodic benefit cost included the following:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:123.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Service cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected return on plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (97)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (65)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current year amortization of:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Actuarial losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Past service costs (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Regulatory assets (liability)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The expected return on plan assets is determined based on the market-related value of plan assets of $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1,180 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million as at January 1, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;859&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million as at the acquisition date for TECO Energy &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;1,089&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;adjusted for interest on certain cash flows during the year.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;T&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;he market-related value of assets &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for TECO Energy was &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;reset to equal the market value of assets as at July 1, 2016.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The market-related value of assets is based on a five-year smoothed asset va&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lue.  Any investment gains (or losses) in excess of (or less than) the expected return on plan assets are recognized on a straight-line basis into the market-related value of assets over a five-year period.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Pension Plan Asset Allocations&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s investment policy includes discussion regarding the investment philosophy, the level of risk which the Company is prepared to accept with respect to the investment of the Pension Funds, and the basis for measuring &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the performance of the assets.  Central to the policy is the target asset allocation by major asset categories.  The objective of the target asset allocation is to diversify risk and to achieve asset returns that meet or exceed the plan&amp;#8217;s actuarial assumpt&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ions. The diversification of assets reduces the inherent risk in financial markets by requiring that assets be spread out amongst various asset classes.  Within each asset class, a further diversification is undertaken through the investment in a broad bas&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ket of investment and non-investme&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nt grade securities. &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera&amp;#8217;s target asset allocation is as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Canadian Pension Plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset Class&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Target Range at Market&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;35%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Canadian&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;12%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;22%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Non-Canadian&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;36%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-Canadian Pension Plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset Class&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Target Range at Market&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;40%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;48%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;61%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Pension Plan assets are overseen by the respective Management Pension Committees &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the sponsoring &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;companies&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&amp;#160; All pension investments are in accordance with policies approved by the respective Board of Directors of each sponsoring &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;company&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;following tables set out the classification of the methodology used by the Company to fair value its&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; investments&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:198.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net in-transits&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;(42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;(42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity Securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Canadian equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  US equity &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;303&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;303&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Government&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Corporate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Open-ended investments measured at NAV&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Common collective trusts measured at NAV &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,362&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;732&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;114&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2,208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:458.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:458.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) NAV investments are open-ended registered and non-registered mutual funds, collective investment trusts, or pooled funds.  NAV&amp;#8217;s are calculated daily and the funds honor subscription and redemption activity regularly.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:458.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:458.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) The common collective trusts are private funds valued at NAV.  The NAVs are calculated based on bid prices of the underlying securities.  Since the prices are not published to external sources, NAV is used as a practical expedient.  Certain funds invest primarily in equity securities of domestic and foreign issuers while others invest in long duration U.S. investment grade fixed income assets and seeks to increase return through active management of interest rate and credit risks.  The funds honor subscription and redemption activity regularly.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='5' rowspan='1' style='width:172.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Canadian equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  US equity &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other investments measured at NAV&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  619&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  619&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  619&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  682&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,301&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Refer to note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for more information on the fair value hierarchy and inp&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;uts used to measure fair value.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Canadian Post&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;Retirement Benefit Plans&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;There are no assets set aside to pay for the Canadian post-retirement benefit plans.  As is common in Canada, post-retirement health benefits are paid from general accounts &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;as required&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;US Post&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;Retirement Benefit Plans &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s US subsidiaries currently &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;provide certain post-retirement health care and life insurance benefits for employees retiring after age 5&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;0&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; who meet eligibility requirements.  Post-retirement benefit levels are substantially unrelated to salary.  The company reserves the right to termina&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;te or modify plans in whole or in part at any time.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera Maine provides retiree medical benefits to certain groups of employees.  The Company&amp;#39;s retiree medical expenses are incorporated into rate filings with its regulators and are recovered through its &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;electric rates to customers.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;TECO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Energy&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NMGC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;offers retirees under age 65 and their dependents a self-funded HRA medical plan identical to that offered to active TECO Energy employees.  TECO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Energy&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; retirees over the age of 65 are enrolled in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Medicare Advantage plan.  NMGC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;retirees over age 65 and their dependents receive a fixed subsidy with which they can purchase additional coverage through a medical supplement program.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NMGC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;also provides dental benefits to retirees and spouses.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The target&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; asset allocation for the Emera Maine Post-Retirement Benefits Plan is as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset Class&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Target Range at Market&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Short-term securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;50%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;40%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  US&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;30%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;60%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Non-US&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;to&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;60%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The assets for the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;NMGC &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Post-Retirement Benefits Plan are invested in life insurance policies.   The life insurance does not mirror any specific employee benefit.&amp;#160; The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lan can tap into the cash surrender value of the life insurance policies to generate &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;cash to pay retire&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; medical costs.&amp;#160; In addition, as the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;individuals &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;covered by the life insurance die, the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;p&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;lan &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;receives &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the life insurance proceeds (less any cash surrender value previously drawn upon) to cover retiree medical costs.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The fair values of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; investments as at December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;for all Post&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Retirement Benefit Plans by asset category, are as follows:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31,2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Life insurance policies &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other investments measured at NAV&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:477pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) For valuation purposes, the life insurance policies held for the NMGC retiree medical plan are valued at the cash surrender value and are considered Level 2 assets&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='7' rowspan='1' style='width:236.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other investments measured at NAV&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  80&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12.75pt;' &gt;&lt;td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Refer &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;to Note &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;16&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; for more information on the fair value hierarchy and inputs used to measure fair value. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Investments in Emera&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, the assets related to the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;pension funds and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;post-retirement benefit plans do not &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hold any material investments in Emera&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; or its subsidiaries&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; securities.&amp;#160; However, as a significant portion of assets for the benefit plan are held in pooled assets, there may be indirect investments in these securities.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Cash Flows&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following table &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;shows the expected cash flows for defined benefit pension and other post-retirement benefit plans:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Expected employer contributions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  117&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Expected benefit payments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  172&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  140&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  156&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  24&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  165&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  25&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2022 &amp;#8211; 2026&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  912&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Assumptions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:27.75pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:459.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:459.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table shows the assumptions that have been used in accounting for defined benefit pension and other post-retirement benefit plans:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:145.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:145.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(weighted average assumptions)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Benefit obligation &amp;#8211; December 31:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3.96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.02&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.04&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Rate of compensation increase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.07&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Health care trend  - initial (next year)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;6.78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - ultimate &lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - year ultimate reached&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Benefit cost for year ended December 31:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3.79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;3.88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected long-term return on plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;6.33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.43&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.91&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Rate of compensation increase&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.88&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.56&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.07&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Health care trend  - initial (current year)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;6.76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5.90&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - ultimate &lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;4.45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4.30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;                              - year ultimate reached&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Figures shown are weighted averages.  Actual assumptions used differ by plan.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The expected long-term rate of return on plan assets is based on historical and projected real rates of return for the plan&amp;#8217;s current asset allocation, and assumed inflation.  A real rate of return is determined for each asset class.  Based on the asset &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;allocation, an overall expected real rate of return for all assets is determined.  The asset return assumption is equal to the overall real rate of return assumption added to the inflation assumption, adjusted for assumed expenses to be paid from the plan.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The discount rate is based on high-quality long-term corporate bonds, with maturities matching the estimated cash flows from the pension plan&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Sensitivity Analysis for Non-Pension Benefits Plans&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The health care cost trend significantly influences the am&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ounts presented for health care plans.  An &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;increase or decrease of one percentage point of the assumed health care cost trend would have had the following impact in &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increase&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Decrease&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Service cost and interest cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accumulated post-retirement benefit obligation, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Sensitivity Analysis for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;Defined&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Benefit&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Pension&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt; Plans&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;impact on &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; benefit cost of a 25 basis point change in the discount rate and asset return assumptions is as follows:  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increase&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Decrease&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate assumption&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset rate assumption&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Amounts to be Amortized in the Next Fiscal Year&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following table shows the amounts from the AOCL and regulatory assets, which are expected to be recognized as part of the net periodic benefit cost in fiscal 2017:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial gains (losses)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (53)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Past service gains&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (68)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Defined Contribution Plan&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera also provides a defined contribution pension plan for certain employees.  The Company&amp;#8217;s contribution for&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; the year ended December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; was $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;17&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;million &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; million)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, with the increase due to the acquisition&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of TECO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; E&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nergy&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
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  <us-gaap:IncreaseDecreaseInAccountsPayable id="ID_2801" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">45000000</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:AssetRetirementObligationDisclosureTextBlock id="ID_2802" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;27.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;ASSET RETIREMENT OBLIGATIONS&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;AROs mostly relate to the reclamation of land at the thermal, hydro and combustion turbine sites; and the disposal of polychlorinated biphenyls in transmission and distribution equipment and a pipeline site.  Certain&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; hydro, transmission and distribution assets may have additional ARO that cannot be measured as these assets are expected to be used for an indefinite period and, as a result, a reasonable estimate of the fair value of any related ARO cannot be made.  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in ARO for the years ended December 31 is as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Additions &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Additions due to acquisition&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Liabilities settled&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accretion included in depreciation expense&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accretion deferred to regulatory asset (included in property, plant and equipment)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  170&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  109&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Tampa Electric produces ash and other by-products known as coal combustion residuals (&amp;quot;CCRs&amp;quot;) at its Big Bend and Polk power stations. The 2016 additions to ARO are to achieve compliance with the EPA&amp;#39;s CCR rule, which contains design and operating standards for CCR management units. In 2016, the FPSC approved Tampa Electric&amp;#39;s proposed CCR compliance program for cost recovery through the Environmental Cost Recovery Clause. However, additional petitions will be submitted for recovery of future project expenses based on engineering studies currently being performed.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;As at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, some of the Company&amp;#8217;s transmission and distribution assets may have additional conditional ARO which are not recognized in the financial statements as the fair value of these obligations could not be reasonably estimated,&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; given there is insufficient information to do so.  Management will continue to monitor these obligations and a liability will be recognized in the period in which an amount becomes determinable.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:AssetRetirementObligationDisclosureTextBlock>
  <us-gaap:DebtInstrumentFaceAmount id="ID_2803" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_DebtInstrumentAxis_ema_GeneralRefundingMortgageBondsIMember" unitRef="USD" decimals="-6">20000000</us-gaap:DebtInstrumentFaceAmount>
  <us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock id="ID_2804" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:483.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The components of accumulated other comprehensive income are as follows:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:35.25pt;' &gt;&lt;td style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(Losses) gains on derivatives recognized as cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in unrecognized pension and post-retirement benefit costs&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in net investment hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change on available-for-sale investments&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized (loss) gain on translation of self-sustaining foreign operations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total AOCI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (318)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  490&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other comprehensive income (loss) before reclassifications&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (49)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amounts reclassified from accumulated other comprehensive income loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity method reclassification adjustments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (46)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net current period other comprehensive income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (49)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other   &lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (21)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (309)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (49)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  486&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(Losses) gains on derivatives recognized as cash flow hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in unrecognized pension and post-retirement benefit costs&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change in net investment hedges&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net change on available-for-sale investments&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Unrealized (loss) gain on translation of self-sustaining foreign operations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total AOCI&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the year ended December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (425)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  82&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (348)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other comprehensive income (loss) before reclassifications&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  408&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  371&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amounts reclassified from accumulated other comprehensive income loss (gain)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  114&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net current period other comprehensive income (loss)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  107&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  408&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  485&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (318)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  490&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock>
  <us-gaap:ScheduleOfNetBenefitCostsTableTextBlock id="ID_2805" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:123.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:123.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Service cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Expected return on plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (97)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (65)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current year amortization of:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Actuarial losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Past service costs (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Regulatory assets (liability)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  67&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  63&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfNetBenefitCostsTableTextBlock>
  <us-gaap:ContractualObligationDueInThirdYear id="ID_2806" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_FuelAndGasSupplyMember" unitRef="CAD" decimals="-6">109000000</us-gaap:ContractualObligationDueInThirdYear>
  <us-gaap:ContractualObligationDueInThirdYear id="ID_2807" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">719000000</us-gaap:ContractualObligationDueInThirdYear>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber id="ID_2808" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" unitRef="shares" decimals="0">2920000</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber>
  <us-gaap:PropertyPlantAndEquipmentUsefulLife id="ID_2809" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_PropertyPlantAndEquipmentByTypeAxis_us-gaap_GasTransmissionAndDistributionEquipmentMember_us-gaap_RangeAxis_us-gaap_MinimumMember">P10Y</us-gaap:PropertyPlantAndEquipmentUsefulLife>
  <us-gaap:DefinedBenefitPlanBenefitObligation id="ID_2810" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">88000000</us-gaap:DefinedBenefitPlanBenefitObligation>
  <us-gaap:DefinedBenefitPlanFairValueOfPlanAssets id="ID_2811" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">39000000</us-gaap:DefinedBenefitPlanFairValueOfPlanAssets>
  <us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities id="ID_2812" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">41000000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities>
  <us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent id="ID_2813" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">79000000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent>
  <us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax id="ID_2814" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">-4000000</us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax>
  <us-gaap:OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax id="ID_2815" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax>
  <us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax id="ID_2816" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">353000000</us-gaap:DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax>
  <us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses id="ID_2817" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">-48000000</us-gaap:DefinedBenefitPlanAmortizationOfGainsLosses>
  <us-gaap:DefinedBenefitPlanFairValueOfPlanAssets id="ID_2818" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member" unitRef="CAD" decimals="-6">682000000</us-gaap:DefinedBenefitPlanFairValueOfPlanAssets>
  <us-gaap:DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter id="ID_2819" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">130000000</us-gaap:DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter>
  <us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease id="ID_2820" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="pure" decimals="6">0.0288</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease>
  <us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate id="ID_2821" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="pure" decimals="6">0.0402</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate>
  <ema:DefinedBenefitPlanBenefitObligationHealthCareCostTrendRateAssumedForNextFiscalYear id="ID_2822" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="pure" decimals="5">0.055</ema:DefinedBenefitPlanBenefitObligationHealthCareCostTrendRateAssumedForNextFiscalYear>
  <us-gaap:DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation id="ID_2823" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">20000000</us-gaap:DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation>
  <us-gaap:DefinedBenefitPlanFutureAmortizationOfGainLoss id="ID_2824" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">1000000</us-gaap:DefinedBenefitPlanFutureAmortizationOfGainLoss>
  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="ID_2825" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_NotesPayableToBanksMember" unitRef="pure" decimals="5">0.027</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <us-gaap:OtherSundryLiabilitiesCurrent id="ID_2826" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">12000000</us-gaap:OtherSundryLiabilitiesCurrent>
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 6,034&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6,297&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Pro forma net income attributable to common shareholders&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; 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  <us-gaap:DerivativeLiabilities id="ID_2887" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherCurrentLiabilitiesMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">349000000</us-gaap:DerivativeLiabilities>
  <us-gaap:DerivativeFairValueOfDerivativeAsset id="ID_2888" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentAssetsMember_us-gaap_DerivativeInstrumentRiskAxis_ema_CoalPurchasesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">57000000</us-gaap:DerivativeFairValueOfDerivativeAsset>
  <us-gaap:DerivativeFairValueOfDerivativeLiability id="ID_2889" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentLiabilitiesMember_us-gaap_DerivativeInstrumentRiskAxis_ema_PhysicalNaturalGasPurchasesAndSalesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeFairValueOfDerivativeLiability>
  <us-gaap:DerivativeAssetCollateralObligationToReturnCashOffset id="ID_2890" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_BalanceSheetLocationAxis_us-gaap_OtherNoncurrentAssetsMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">26000000</us-gaap:DerivativeAssetCollateralObligationToReturnCashOffset>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2891" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_IncomeStatementLocationAxis_ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeGainLossOnDerivativeNet>
  <ema:UnrealizedGainLossOnCashFlowHedgingInstrumentsEffectivePortion id="ID_2892" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PowerSwapsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember" unitRef="CAD" decimals="-6">4000000</ema:UnrealizedGainLossOnCashFlowHedgingInstrumentsEffectivePortion>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2893" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_ema_RegulatoryAssetsMember" unitRef="CAD" decimals="-5">12000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2894" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_ForeignExchangeForwardMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_ema_InventoryMember" unitRef="CAD" decimals="-5">-44000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeGainLossOnDerivativeNet id="ID_2895" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_CommoditySwapsAndForwardsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember_us-gaap_IncomeStatementLocationAxis_ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember" unitRef="CAD" decimals="-5">17000000</us-gaap:DerivativeGainLossOnDerivativeNet>
  <us-gaap:DerivativeAverageForwardExchangeRate1 id="ID_2896" contextRef="AS_OF_Dec31_2016_Entity_0001127248_ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsAxis_ema_YearTwoThroughFiveMember_us-gaap_DerivativeInstrumentRiskAxis_ema_ForeignExchangeSwapsAndForwardContractsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_EnergyAxis_us-gaap_FuelMember" unitRef="pure" decimals="6">1.1138</us-gaap:DerivativeAverageForwardExchangeRate1>
  <us-gaap:DerivativeCollateralRightToReclaimCash id="ID_2897" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">29000000</us-gaap:DerivativeCollateralRightToReclaimCash>
  <us-gaap:DerivativeAssets id="ID_2898" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_HeavyFuelOilPurchasesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">3000000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeAssets id="ID_2899" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_HeavyFuelOilPurchasesMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">5000000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeAssets id="ID_2900" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">229000000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeAssets id="ID_2901" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PowerSwapsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">10000000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeAssets id="ID_2902" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_HeldForTradingHedgeMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">39000000</us-gaap:DerivativeAssets>
  <us-gaap:DerivativeLiabilities id="ID_2903" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PowerSwapsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel3Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeLiabilities>
  <us-gaap:DerivativeLiabilities id="ID_2904" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">5000000</us-gaap:DerivativeLiabilities>
  <us-gaap:DerivativeLiabilities id="ID_2905" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel1Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">25000000</us-gaap:DerivativeLiabilities>
  <us-gaap:DerivativeLiabilities id="ID_2906" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">61000000</us-gaap:DerivativeLiabilities>
  <us-gaap:DerivativeLiabilities id="ID_2907" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DerivativeInstrumentRiskAxis_ema_PowerSwapsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_us-gaap_CashFlowHedgingMember_us-gaap_FairValueByFairValueHierarchyLevelAxis_us-gaap_FairValueInputsLevel2Member_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="CAD" decimals="-6">0</us-gaap:DerivativeLiabilities>
  <us-gaap:InterestIncomeAndInterestExpenseDisclosureTableTextBlock id="ID_2908" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Interest expense, net consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest on debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  443&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  193&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Beneficial conversion feature &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(note 10) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  62&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest on Convertible Debentures &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(note 10) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest on acquisition credit facility related to the TECO Energy acquisition &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(note 4) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance for borrowed funds used during construction&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest revenue&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (6)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  585&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  212&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InterestIncomeAndInterestExpenseDisclosureTableTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_2909" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">700000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LettersOfCreditOutstandingAmount id="ID_2910" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">33000000</us-gaap:LettersOfCreditOutstandingAmount>
  <us-gaap:ScheduleOfComponentsOfLeveragedLeaseInvestmentsTableTextBlock id="ID_2911" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total minimum lease payments to be received&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,194&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,202&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less: amounts representing estimated executory costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (223)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (213)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Minimum lease payments receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  971&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  989&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Estimated residual value of leased property (unguaranteed)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  183&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  183&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less: unearned finance lease income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (658)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (686)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  496&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  486&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Principal due within one year (included in &amp;#8220;Prepayments and other current assets&amp;#8221;)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease &amp;#8211; long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  488&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfLeveragedLeaseInvestmentsTableTextBlock>
  <us-gaap:ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock id="ID_2912" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:42pt;' &gt;&lt;td style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Employee DSU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Grant Date Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Director &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;DSU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Grant Date Fair Value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;606,646&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;26.27&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;362,750&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;31.36&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Granted including DRIP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;74,855&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;37.60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;69,429&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;43.67&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(570)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;46.58&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(36,381)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;27.42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Outstanding and exercisable as at December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;680,931&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;27.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;395,798&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;33.88&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Employee PSU&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted Average Grant Date Fair Value&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Aggregate intrinsic value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;497,496&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;34.50&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;21.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Granted including DRIP&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;280,950&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;40.60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(208,999)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;34.39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Forfeited&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(8,567)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;37.54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Outstanding as at December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;560,880&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;37.55&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;25.5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock>
  <us-gaap:ScheduleOfVariableInterestEntitiesTextBlock id="ID_2913" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:18.75pt;' &gt;&lt;td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; assets&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; exposure &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;to loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;assets&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; exposure to loss&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unconsolidated VIEs in which Emera has variable interests&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPML (equity accounted)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  577&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; 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  <us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax id="ID_2986" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax>
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  <us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost id="ID_2988" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">63000000</us-gaap:DefinedBenefitPlanNetPeriodicBenefitCost>
  <ema:DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate id="ID_2989" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="pure" decimals="6">0</ema:DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate>
  <us-gaap:CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesCurrent id="ID_2990" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">8000000</us-gaap:CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesCurrent>
  <ema:CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears id="ID_2991" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">12000000</ema:CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears>
  <us-gaap:GoodwillAcquiredDuringPeriod id="ID_2992" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">0</us-gaap:GoodwillAcquiredDuringPeriod>
  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="ID_2993" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="pure" decimals="5">0.027</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <ema:DeferredEmissionCreditsCurrent id="ID_2994" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">6000000</ema:DeferredEmissionCreditsCurrent>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2995" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_DebtInstrumentAxis_ema_SeriesFMember_us-gaap_LongtermDebtTypeAxis_us-gaap_MediumTermNotesMember" unitRef="CAD" decimals="-6">95000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_2996" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesIiMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="CAD" decimals="-6">67000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PaymentsForProceedsFromOtherInvestingActivities id="ID_2997" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">10000000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
  <us-gaap:PaymentsForProceedsFromOtherInvestingActivities id="ID_2998" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">413000000</us-gaap:PaymentsForProceedsFromOtherInvestingActivities>
  <us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations id="ID_2999" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">-3212000000</us-gaap:NetCashProvidedByUsedInInvestingActivitiesContinuingOperations>
  <us-gaap:PaymentsOfDividendsCommonStock id="ID_3000" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:PaymentsOfDividendsCommonStock>
  <us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations id="ID_3001" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:NetCashProvidedByUsedInFinancingActivitiesContinuingOperations>
  <us-gaap:IncreaseDecreaseInAccountsReceivable id="ID_3002" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-104000000</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:IncreaseDecreaseInOtherCurrentLiabilities id="ID_3003" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-15000000</us-gaap:IncreaseDecreaseInOtherCurrentLiabilities>
  <us-gaap:SchedulesOfConcentrationOfRiskByRiskFactorTextBlock id="ID_3004" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Concentration Risk&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:17.25pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company&amp;#39;s concentrations of risk consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%  of total exposure&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;%  of total exposure&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Receivables, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated utilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Residential&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;24%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  189&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;20%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Commercial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  170&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;13%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;10%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Industrial&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  38&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  592&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;45%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  374&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;38%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Trading group&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of A- or above&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of BBB- to BBB+&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  60&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;5%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Not rated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;4%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;3%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  169&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;13%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  84&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;8%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other accounts receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  253&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;20%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;12%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;78%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  578&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;58%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Instruments &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(current and long-term)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of A- or above&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  252&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;20%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  340&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;34%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Credit rating of BBB- to BBB+&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;7%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Not rated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  23&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;22%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  418&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;42%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,290&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;100%&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  996&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;100%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:SchedulesOfConcentrationOfRiskByRiskFactorTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_3005" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">1433000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock id="ID_3006" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;PBO/APBO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,579&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  358&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,489&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair value of plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  39&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Funded status&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (408)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (319)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (228)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (82)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;ABO&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,462&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,424&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fair value of plan assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,171&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,261&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Funded status&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (291)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (163)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAccumulatedBenefitObligationsInExcessOfFairValueOfPlanAssetsTableTextBlock>
  <us-gaap:OtherCurrentLiabilitiesTableTextBlock id="ID_3007" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Other current liabilities consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accrued charges&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  130&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accrued interest on long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Sales and other taxes payable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accrued interest on convertible debentures represented by instalment receipts (note 8)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emission credits obligations &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  281&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Throughout the three-year compliance period associated with the Regional Greenhouse Gas Initiative for carbon dioxide emissions, an obligation is recognized as gas is burned, measured at the cost to acquire credits for the related emissions. Emission credits are capitalized to inventory (note 14) when purchased and subsequently applied against the emission liabilities at the end of each compliance period.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OtherCurrentLiabilitiesTableTextBlock>
  <us-gaap:ContractualObligationDueInThirdYear id="ID_3008" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_CapitalProjectsMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInThirdYear>
  <us-gaap:ContractualObligationDueInFifthYear id="ID_3009" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_EquityInvestmentCommitmentsMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInFifthYear>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate id="ID_3010" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="pure" decimals="6">0.1545</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares id="ID_3011" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_ema_EmployeeNonVestedStockOptionMember" unitRef="shares" decimals="0">0</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares>
  <ema:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue id="ID_3012" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD_per_Share" decimals="2">46.58</ema:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue>
  <us-gaap:InventoryPolicyTextBlock id="ID_3013" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Fuel and materials inventories are valued&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; using the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; weighted-average cost method. These inventories are carried at the lower of weighted-average cost or net realizable value, unless evidence indicates that the we&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ighted-average cost &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;will be recovered in future customer rates. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emission credits &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;inventory are measured using the first-in-first-out method.  Emission credits inventory is recognized in inventory when purc&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hased, or allocated by the respective government agency.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:InventoryPolicyTextBlock>
  <us-gaap:IncomeLossFromSubsidiariesBeforeTax id="ID_3014" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">150000000</us-gaap:IncomeLossFromSubsidiariesBeforeTax>
  <us-gaap:InterestIncomeExpenseNet id="ID_3015" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">226000000</us-gaap:InterestIncomeExpenseNet>
  <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest id="ID_3016" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
  <us-gaap:ComprehensiveIncomeNetOfTax id="ID_3017" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">205000000</us-gaap:ComprehensiveIncomeNetOfTax>
  <us-gaap:RegulatedOperatingRevenueGas id="ID_3018" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:RegulatedOperatingRevenueGas>
  <us-gaap:Revenues id="ID_3019" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">702000000</us-gaap:Revenues>
  <us-gaap:ShortTermDebtWeightedAverageInterestRate id="ID_3020" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_NotesPayableToBanksMember" unitRef="pure" decimals="5">0.027</us-gaap:ShortTermDebtWeightedAverageInterestRate>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_3021" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">436000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_3022" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_CommercialPaperMember" unitRef="CAD" decimals="-6">369000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PreferredStockSharesOutstanding id="ID_3023" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesBPreferredStockMember" unitRef="shares" decimals="INF">2135364</us-gaap:PreferredStockSharesOutstanding>
  <ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet id="ID_3024" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesEPreferredStockMember" unitRef="CAD" decimals="-5">122000000</ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet>
  <us-gaap:PreferredStockSharesOutstanding id="ID_3025" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_GrandBahamaPowerCompanyLimitedMember_us-gaap_StatementClassOfStockAxis_us-gaap_CumulativePreferredStockMember" unitRef="shares" decimals="-6">35000000000</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:IncreaseDecreaseInIncomeTaxesReceivable id="ID_3026" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-23000000</us-gaap:IncreaseDecreaseInIncomeTaxesReceivable>
  <us-gaap:IncreaseDecreaseInOtherCurrentAssets id="ID_3027" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">9000000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage id="ID_3028" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraBrunswickPipelineCompanyLimitedMember" unitRef="pure" decimals="4">0.0308</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <us-gaap:DebtInstrumentFaceAmount id="ID_3029" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesFloatingRateMember_us-gaap_LongtermDebtTypeAxis_us-gaap_SeniorNotesMember" unitRef="USD" decimals="-6">86000000</us-gaap:DebtInstrumentFaceAmount>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_3030" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">700000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock id="ID_3031" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial losses&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(gains)&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Past service&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(gains) costs&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined Benefit Pension Plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  353&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amortized in current period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current year addition to AOCL or regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  318&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefits plans&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amortized in current period&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current year addition to AOCL (AOCI) or regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Defined benefit pension plans&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-pension benefit plans&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Actuarial losses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  353&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Past service (gains)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (27)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  309&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total AOCL (AOCI) and regulatory assets on a pre-tax basis&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  636&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  349&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Amount included in deferred tax asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (16)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net amount in AOCL (AOCI) and regulatory assets after-tax adjustment&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  620&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock>
  <us-gaap:ScheduleOfDebtConversionsTextBlock id="ID_3032" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;text-align:right;vertical-align:top;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;text-align:right;vertical-align:top;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;text-align:right;vertical-align:top;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Financial Covenant&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Requirement&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Emera&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:123pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Syndicated credit facilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Debt to capital ratio&lt;/font&gt;&lt;/td&gt;&lt;td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less than or equal to 0.70 to 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;0.62:1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtConversionsTextBlock>
  <us-gaap:AssetRetirementObligation id="ID_3033" contextRef="AS_OF_Dec31_2014_Entity_0001127248" unitRef="CAD" decimals="-6">106000000</us-gaap:AssetRetirementObligation>
  <us-gaap:ContractualObligationDueInNextTwelveMonths id="ID_3034" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_FuelAndGasSupplyMember" unitRef="CAD" decimals="-6">475000000</us-gaap:ContractualObligationDueInNextTwelveMonths>
  <us-gaap:ContractualObligation id="ID_3035" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_EquityInvestmentCommitmentsMember" unitRef="CAD" decimals="-6">436000000</us-gaap:ContractualObligation>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber id="ID_3036" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_us-gaap_EmployeeStockOptionMember" unitRef="shares" decimals="0">1399875</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber>
  <ema:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue id="ID_3037" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_PlanNameAxis_ema_PerformanceShareUnitPlanMember_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD_per_Share" decimals="2">34.39</ema:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue>
  <us-gaap:RegulatedOperatingRevenueElectricNonNuclear id="ID_3038" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">1774000000</us-gaap:RegulatedOperatingRevenueElectricNonNuclear>
  <us-gaap:CostOfDomesticRegulatedElectric id="ID_3039" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">662000000</us-gaap:CostOfDomesticRegulatedElectric>
  <us-gaap:DerivativeNonmonetaryNotionalAmountMass id="ID_3040" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsAxis_ema_YearTwoThroughFiveMember_us-gaap_DerivativeInstrumentRiskAxis_ema_CommoditySwapsAndForwardsMember_us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis_ema_RegulatoryDeferralHedgeMember_us-gaap_EnergyAxis_us-gaap_PublicUtilitiesInventoryCoalMember_us-gaap_HedgingDesignationAxis_us-gaap_DesignatedAsHedgingInstrumentMember" unitRef="T" decimals="-6">2000000</us-gaap:DerivativeNonmonetaryNotionalAmountMass>
  <us-gaap:IncomeLossFromSubsidiariesBeforeTax id="ID_3041" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:IncomeLossFromSubsidiariesBeforeTax>
  <us-gaap:InterestIncomeExpenseNet id="ID_3042" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">127000000</us-gaap:InterestIncomeExpenseNet>
  <us-gaap:PreferredStockDividendsIncomeStatementImpact id="ID_3043" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">19000000</us-gaap:PreferredStockDividendsIncomeStatementImpact>
  <us-gaap:TaxesExcludingIncomeAndExciseTaxes id="ID_3044" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:TaxesExcludingIncomeAndExciseTaxes>
  <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest id="ID_3045" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
  <us-gaap:IncomeLossFromSubsidiariesBeforeTax id="ID_3046" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-150000000</us-gaap:IncomeLossFromSubsidiariesBeforeTax>
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  <us-gaap:ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock id="ID_3072" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increase&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Decrease&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Service cost and interest cost&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Accumulated post-retirement benefit obligation, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (17)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Increase&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Decrease&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount rate assumption&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (7)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Asset rate assumption&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock>
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  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_3098" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">157000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:RegulatedOperatingRevenueElectricNonNuclear id="ID_3099" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">1860000000</us-gaap:RegulatedOperatingRevenueElectricNonNuclear>
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  <us-gaap:NonoperatingIncomeExpense id="ID_3101" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">29000000</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:NetIncomeLossAttributableToNoncontrollingInterest id="ID_3102" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:NetIncomeLossAttributableToNoncontrollingInterest>
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  <us-gaap:OperatingIncomeLoss id="ID_3104" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-1000000</us-gaap:OperatingIncomeLoss>
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  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest id="ID_3106" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-196000000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
  <us-gaap:IncomeTaxExpenseBenefit id="ID_3107" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:IncomeTaxExpenseBenefit>
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  <us-gaap:DeferredTaxAssetsNetNoncurrent id="ID_3109" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">114000000</us-gaap:DeferredTaxAssetsNetNoncurrent>
  <us-gaap:DerivativeInstrumentsAndHedgesNoncurrent id="ID_3110" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">12000000</us-gaap:DerivativeInstrumentsAndHedgesNoncurrent>
  <ema:InvestmentsInSubsidiaries id="ID_3111" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">8349000000</ema:InvestmentsInSubsidiaries>
  <us-gaap:DueFromRelatedPartiesNoncurrent id="ID_3112" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:DueFromRelatedPartiesNoncurrent>
  <us-gaap:AccountsPayableRelatedPartiesCurrent id="ID_3113" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">81000000</us-gaap:AccountsPayableRelatedPartiesCurrent>
  <us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities id="ID_3114" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">51000000</us-gaap:PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities>
  <us-gaap:AssetRetirementObligationsNoncurrent id="ID_3115" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:AssetRetirementObligationsNoncurrent>
  <us-gaap:CommonStockValue id="ID_3116" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">242000000</us-gaap:CommonStockValue>
  <us-gaap:RetainedEarningsAccumulatedDeficit id="ID_3117" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">9000000</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:ShortTermBorrowings id="ID_3118" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NewMexicoGasCompanyMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_LineOfCreditMember" unitRef="CAD" decimals="-6">35000000</us-gaap:ShortTermBorrowings>
  <us-gaap:ShortTermBorrowings id="ID_3119" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraEnergyServicesMember_us-gaap_ShortTermDebtTypeAxis_us-gaap_LineOfCreditMember" unitRef="CAD" decimals="-6">0</us-gaap:ShortTermBorrowings>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_3120" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_CreditFacilityAxis_us-gaap_SecuredDebtMember" unitRef="USD" decimals="-6">150000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCreditFacilityExpirationDate1 id="ID_3121" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_CreditFacilityAxis_us-gaap_RevolvingCreditFacilityMember">2018-12-17</us-gaap:LineOfCreditFacilityExpirationDate1>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_3122" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember" unitRef="CAD" decimals="-6">2366000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_3123" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember" unitRef="CAD" decimals="-6">2324000000</us-gaap:DebtInstrumentCarryingAmount>
  <ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet id="ID_3124" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesFPreferredStockMember" unitRef="CAD" decimals="-5">195000000</ema:ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet>
  <us-gaap:IncreaseDecreaseInIncomeTaxesReceivable id="ID_3125" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">-22000000</us-gaap:IncreaseDecreaseInIncomeTaxesReceivable>
  <us-gaap:IncreaseDecreaseInOtherCurrentAssets id="ID_3126" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">-18000000</us-gaap:IncreaseDecreaseInOtherCurrentAssets>
  <us-gaap:DebtInstrumentInterestRateStatedPercentage id="ID_3127" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoFinanceIncMember_us-gaap_DebtInstrumentAxis_ema_UnsecuredNotesSixFiveSevenPercentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_UnsecuredDebtMember" unitRef="pure" decimals="4">0.0586</us-gaap:DebtInstrumentInterestRateStatedPercentage>
  <us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock id="ID_3128" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Current income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  26&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Deferred income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (113)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  11&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  151&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  14&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Operating loss carry forwards&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (104)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income tax expense (recovery)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  93&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The following reflects the composition of income before provision for income taxes presented in the Consolidated Statements of Income for the years ended December 31:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Canada&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  71&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  349&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     United States&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;     Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  59&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Income before provision for income taxes&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  545&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock>
  <us-gaap:ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock id="ID_3129" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:292.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:292.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.1pt;' &gt;&lt;td colspan='1' rowspan='3' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.1pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:11.1pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in non-regulated fuel for generation and purchased power&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in operating revenue &amp;#8211; Regulated&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Realized gain (loss) in income from equity investments&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total gains (losses) in Net income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (9)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='12' rowspan='1' style='width:292.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:292.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='1' rowspan='3' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Interest&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Power&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;rate&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;exchange&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;swaps&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;forwards&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:24.75pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total unrealized gain (loss) in AOCI &amp;#8211; effective portion, net of tax&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (22)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (42)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:176.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:30pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The Company expects $14 million of unrealized losses currently in AOCI to be reclassified into net income within the next twelve months, as the underlying hedged transactions settle.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:21pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:458.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:458.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;As at December 31, 2016, the Company had the following notional volumes of outstanding derivatives designated as cash flow hedges that are expected to settle as outlined below:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards (USD) sales&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  30&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:248.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Foreign exchange forwards (EURO) purchases&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td 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  <us-gaap:PreferredStockDividendsPerShareDeclared id="ID_3240" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesCPreferredStockMember" unitRef="CAD_per_Share" decimals="4">1.025</us-gaap:PreferredStockDividendsPerShareDeclared>
  <us-gaap:PreferredStockSharesAuthorizedUnlimited id="ID_3241" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember">Unlimited</us-gaap:PreferredStockSharesAuthorizedUnlimited>
  <us-gaap:CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock id="ID_3242" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' &gt;22&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;' &gt;NET INVESTMENT IN DIRECT FINANCING LEASE&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s net investment in direct financing lease primarily relates to Brunswick Pipeline. B&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;runswick Pipeline commenced service on July 16, 2009, transporting re-gasified LNG for Repsol Energy Canada &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;under a 25&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;-&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;year firm service agreement.  The agreement meets the definition of a direct financing capital lease for accounting purposes.  &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;net investment in direct financing lease&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; consists of the sum of the minimum lease payments and residual value net &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of estimated executory costs and unearned income.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;&amp;#160;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The unearned income is recognized in income over the life of the lease using a constant rate of interest equal to the internal rate of return on the lease.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  Net investment in direct financing lease consist&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s of the following:  &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total minimum lease payments to be received&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,194&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,202&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less: amounts representing estimated executory costs &lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (223)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (213)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Minimum lease payments receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  971&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  989&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Estimated residual value of leased property (unguaranteed)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  183&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  183&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less: unearned finance lease income&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (658)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (686)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  496&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  486&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Principal due within one year (included in &amp;#8220;Prepayments and other current assets&amp;#8221;)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease &amp;#8211; long-term&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  488&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Future minimum lease payments to be received for the next five years:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td colspan='10' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2017&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2018&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2019&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2020&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2021&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Minimum lease payments to be received&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  65&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Less: amounts representing estimated executory costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (11)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Minimum lease payments receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  53&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock>
  <us-gaap:DebtInstrumentFaceAmount id="ID_3243" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_DebtInstrumentAxis_ema_SeniorUnsecuredNoteIMember_us-gaap_LongtermDebtTypeAxis_us-gaap_SeniorNotesMember" unitRef="USD" decimals="-5">51600000</us-gaap:DebtInstrumentFaceAmount>
  <us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock id="ID_3244" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='2' rowspan='1' style='width:312pt;text-align:left;vertical-align:top;border-color:Black;min-width:312pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Authorized&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;:  Unlimited number of non-par value common shares.&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:99pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:99pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:100.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:100.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:31.5pt;' &gt;&lt;td style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Issued and outstanding:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of shares&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of shares&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:57.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  147.21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  143.78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Conversion of Convertible Debentures &lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  51.99&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2,115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Issuance of common stock (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  7.69&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  338&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1.25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  54&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Issued for cash under Purchase Plans at market rate &lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  2.51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  115&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2.10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  88&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Discount on shares purchased under Dividend Reinvestment Plan&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (5)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (4)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Options exercised under senior management share option plan&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  0.62&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  0.08&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Stock-based compensation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  210.02&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  4,738&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  147.21&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2,157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:477.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) In Q1 2016, Emera issued 0.06 million common shares to facilitate the creation and issuance of 0.2 million depositary receipts in connection with the ECI amalgamation transaction. The depositary receipts are listed on the Barbados Stock Exchange. In addition, Emera completed an offering of 7.63 million common shares in December 2016, at $45.25 per common share, for net proceeds of approximately $345 million.  The net proceeds were $335 million after $10 million of issuance costs, net of taxes.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCommonStockOutstandingRollForwardTableTextBlock>
  <us-gaap:OffsettingLiabilitiesTableTextBlock id="ID_3245" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Details of master netting agreements, shown net on the Consolidated Balance Sheets, are summarized in the following table:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:108.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Derivative Liabilities&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulatory deferral&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;HFT derivatives&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  121&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:30.75pt;' &gt;&lt;td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total impact of master netting agreements with&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;intent to settle net or simultaneously&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  131&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  240&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:OffsettingLiabilitiesTableTextBlock>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_3246" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NewMexicoGasCompanyMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:ScheduleOfStockOptionsRollForwardTableTextBlock id="ID_3247" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15pt;' &gt;&lt;td style='width:195pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:138.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total Options&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Non-Vested Options&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:22.5pt;' &gt;&lt;td style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Number of Options&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:82.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;        Weighted average exercise price per share&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Number of Options&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Weighted average grant date fair-value&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2,927,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;33.07&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;1,453,486&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.64&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Granted &lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;615,100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;46.19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;615,100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.80&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Exercised&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(622,168)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;25.65&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;N/A&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;N/A&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Forfeited&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(548,461)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2.68&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Options outstanding December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2,920,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;37.42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,520,125&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2.69&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:195pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Options exercisable December 31, 2016 &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)(3)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,399,875&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:67.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;33.35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:8.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:63.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) As at December 31, 2016 there was $3 million of unrecognized compensation related to stock options not yet vested which is expected to be recognized over a weighted average period of approximately 2.4 years (2015 - $3 million, 2.3 years).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477pt;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) As at December 31, 2016, the weighted average remaining term of vested options was 5.7 years with an aggregate intrinsic value of $17 million (2015 - 5.3 years, $21 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='8' rowspan='1' style='width:477pt;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(3) As at December 31, 2016 the fair value of options that vested in the year was $2 million (2015 - $1 million).&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfStockOptionsRollForwardTableTextBlock>
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  <us-gaap:DebtInstrumentCarryingAmount id="ID_3710" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NewMexicoGasIncorporateMember_us-gaap_LongtermDebtTypeAxis_ema_FixedRateNotesAndBondsMember" unitRef="CAD" decimals="-6">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_3711" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraBrunswickPipelineCompanyLimitedMember_us-gaap_LongtermDebtTypeAxis_ema_SecuredSeniorNotesMember" unitRef="CAD" decimals="-6">248000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtWeightedAverageInterestRate id="ID_3712" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_us-gaap_LongtermDebtTypeAxis_ema_SecuredFixedRateSeniorNotesMember" unitRef="pure" decimals="4">0.0565</us-gaap:DebtWeightedAverageInterestRate>
  <us-gaap:GuarantyLiabilities id="ID_3713" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">1577000000</us-gaap:GuarantyLiabilities>
  <us-gaap:DebtInstrumentMaturityDate id="ID_3714" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoFinanceIncMember_us-gaap_LongtermDebtTypeAxis_ema_VariableRateNotesMember">2018-12-31</us-gaap:DebtInstrumentMaturityDate>
  <us-gaap:DebtInstrumentMaturityDate id="ID_3715" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_LongtermDebtTypeAxis_ema_SecuredFixedRateMortgageBondsMember_us-gaap_RangeAxis_us-gaap_MaximumMember">2022-12-31</us-gaap:DebtInstrumentMaturityDate>
  <us-gaap:DebtInstrumentFaceAmount id="ID_3716" contextRef="AS_OF_Jun16_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_DebtInstrumentAxis_ema_HybridNotesMember" unitRef="USD" decimals="-8">1200000000</us-gaap:DebtInstrumentFaceAmount>
  <us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 id="ID_3717" contextRef="FROM_Nov28_2016_TO_Nov29_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EciMember_us-gaap_LongtermDebtTypeAxis_us-gaap_LineOfCreditMember_us-gaap_VariableRateAxis_us-gaap_LondonInterbankOfferedRateLIBORMember" unitRef="pure" decimals="6">0.0408</us-gaap:DebtInstrumentBasisSpreadOnVariableRate1>
  <us-gaap:PreferredStockDividendRatePercentage id="ID_3718" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesCPreferredStockMember_us-gaap_StatementScenarioAxis_ema_DividendPaymentPeriodOneMember" unitRef="pure" decimals="6">0.0184</us-gaap:PreferredStockDividendRatePercentage>
  <us-gaap:PreferredStockRedemptionPricePerShare id="ID_3719" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesAPreferredStockMember_us-gaap_StatementScenarioAxis_ema_DividendPaymentPeriodTwoMember" unitRef="CAD_per_Share" decimals="0">25</us-gaap:PreferredStockRedemptionPricePerShare>
  <us-gaap:EquityMethodInvestmentOwnershipPercentage id="ID_3720" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_ema_NspMaritimeLinkIncMember" unitRef="pure" decimals="4">0.49</us-gaap:EquityMethodInvestmentOwnershipPercentage>
  <us-gaap:BusinessCombinationAcquisitionRelatedCosts id="ID_3721" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_BusinessAcquisitionAxis_ema_TecoEnergyIncMember_us-gaap_IncomeStatementLocationAxis_us-gaap_OperatingExpenseMember_us-gaap_StatementGeographicalAxis_stpr_NM" unitRef="CAD" decimals="-6">30000000</us-gaap:BusinessCombinationAcquisitionRelatedCosts>
  <us-gaap:DeferredTaxAssetsTaxCreditCarryforwards id="ID_3722" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">318000000</us-gaap:DeferredTaxAssetsTaxCreditCarryforwards>
  <ema:IncomeTaxReconciliationDeductionsFinancingCosts id="ID_3723" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">17000000</ema:IncomeTaxReconciliationDeductionsFinancingCosts>
  <ema:CommonStockConversionRate id="ID_3724" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_LongtermDebtTypeAxis_us-gaap_ConvertibleSubordinatedDebtMember" unitRef="pure" decimals="4">0.95</ema:CommonStockConversionRate>
  <us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage id="ID_3725" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricDivisionMember_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_ema_FloridaPublicServiceCommissionMember_us-gaap_RangeAxis_us-gaap_MinimumMember" unitRef="pure" decimals="5">0.0925</us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage>
  <us-gaap:PublicUtilitiesApprovedEquityCapitalStructurePercentage id="ID_3726" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_PeoplesGasSystemDivisionMember_us-gaap_RangeAxis_us-gaap_MaximumMember" unitRef="pure" decimals="6">0.1175</us-gaap:PublicUtilitiesApprovedEquityCapitalStructurePercentage>
  <us-gaap:PublicUtilitiesApprovedEquityCapitalStructurePercentage id="ID_3727" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_PeoplesGasSystemDivisionMember_us-gaap_RangeAxis_ema_MidPointMember" unitRef="pure" decimals="6">0.1075</us-gaap:PublicUtilitiesApprovedEquityCapitalStructurePercentage>
  <ema:PublicUtilitiesRecoverableTransmissionInvestmentAndExpensesPercentage id="ID_3728" contextRef="FROM_May29_2016_TO_Jun01_2016_Entity_0001127248_dei_LegalEntityAxis_ema_BangorHydroDistrictMember_us-gaap_PublicUtilityAxis_us-gaap_ElectricTransmissionMember" unitRef="pure" decimals="4">0.09</ema:PublicUtilitiesRecoverableTransmissionInvestmentAndExpensesPercentage>
  <us-gaap:ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock id="ID_3729" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='6' rowspan='1' style='width:198.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:198.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;NAV&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 1&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Level 2&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Percentage&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net in-transits&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;(42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;(42)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Equity Securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Canadian equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;192&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  US equity &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;303&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;303&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fixed income securities:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Government&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Corporate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;53&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Open-ended investments measured at NAV&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Common collective trusts measured at NAV &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;/td&gt;&lt;td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;1,362&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;732&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;114&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2,208&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:458.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:458.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) NAV investments are open-ended registered and non-registered mutual funds, collective investment trusts, or pooled funds.  NAV&amp;#8217;s are calculated daily and the funds honor subscription and redemption activity regularly.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='11' rowspan='1' style='width:458.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:458.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2) The common collective trusts are private funds valued at NAV.  The NAVs are calculated based on bid prices of the underlying securities.  Since the prices are not published to external sources, NAV is used as a practical expedient.  Certain funds invest primarily in equity securities of domestic and foreign issuers while others invest in long duration U.S. investment grade fixed income assets and seeks to increase return through active management of interest rate and credit risks.  The funds honor subscription and redemption activity regularly.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_3730" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraUsFinanceLpMember" unitRef="CAD" decimals="-6">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtWeightedAverageInterestRate id="ID_3731" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_us-gaap_LongtermDebtTypeAxis_ema_SecuredFixedRateSeniorNotesMember" unitRef="pure" decimals="4">0.0564</us-gaap:DebtWeightedAverageInterestRate>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_3732" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_us-gaap_LongtermDebtTypeAxis_ema_SecuredFixedRateSeniorNotesMember" unitRef="USD" decimals="-6">89000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:AccrualForEnvironmentalLossContingenciesUndiscountedDueWithinOneYear id="ID_3733" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember" unitRef="CAD" decimals="-6">41000000</us-gaap:AccrualForEnvironmentalLossContingenciesUndiscountedDueWithinOneYear>
  <ema:PublicUtilitiesAnnualBillReductionToCustomers id="ID_3734" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember" unitRef="USD" decimals="-6">4000000</ema:PublicUtilitiesAnnualBillReductionToCustomers>
  <us-gaap:RevenueFromRelatedParties id="ID_3735" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_RelatedPartyTransactionAxis_ema_NaturalGasTransportationCapacityMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_ema_MaritimesAndNortheastPiplineMember" unitRef="CAD" decimals="-6">29000000</us-gaap:RevenueFromRelatedParties>
  <us-gaap:RevenueFromRelatedParties id="ID_3736" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_RelatedPartyTransactionAxis_ema_NaturalGasTransportationCapacityMember_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_ema_MaritimesAndNortheastPiplineMember" unitRef="CAD" decimals="-6">23000000</us-gaap:RevenueFromRelatedParties>
  <us-gaap:PrepaidExpenseAndOtherAssets id="ID_3737" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">57000000</us-gaap:PrepaidExpenseAndOtherAssets>
  <us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax id="ID_3738" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">32000000</us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_3739" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_CreditFacilityAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">403000000</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:AccrualForEnvironmentalLossContingenciesPayments1 id="ID_3740" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_ema_PolychlorinatedBiphenylPcbRegulationsMember" unitRef="CAD" decimals="-6">28000000</us-gaap:AccrualForEnvironmentalLossContingenciesPayments1>
  <us-gaap:AccrualForEnvironmentalLossContingenciesPayments1 id="ID_3741" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LossContingenciesByNatureOfContingencyAxis_ema_PolychlorinatedBiphenylPcbRegulationsMember" unitRef="CAD" decimals="-6">20000000</us-gaap:AccrualForEnvironmentalLossContingenciesPayments1>
  <us-gaap:LettersOfCreditOutstandingAmount id="ID_3742" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_ShortTermDebtTypeAxis_ema_ShortTermDebtRevolvingAndNonRevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">0</us-gaap:LettersOfCreditOutstandingAmount>
  <ema:UseOfAvailableFacilities id="ID_3743" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_ShortTermDebtTypeAxis_ema_ShortTermDebtRevolvingAndNonRevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">963000000</ema:UseOfAvailableFacilities>
  <us-gaap:DebtInstrumentMaturityDate id="ID_3744" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_MediumTermNotesMember_us-gaap_RangeAxis_us-gaap_MaximumMember">2097-12-31</us-gaap:DebtInstrumentMaturityDate>
  <us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage id="ID_3745" contextRef="FROM_Dec18_2013_TO_Dec19_2013_Entity_0001127248_dei_LegalEntityAxis_ema_TecoGuatemalaHoldingsMember_us-gaap_VariableRateAxis_us-gaap_PrimeRateMember" unitRef="pure" decimals="4">0.02</us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage>
  <us-gaap:ScheduleOfSaleOfStockBySubsidiaryOrEquityMethodInvesteeDisclosureTextBlock id="ID_3746" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Preferred shares of GBPC:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:206.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' &gt;Authorized:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;35,000 non-voting cumulative redeemable variable perpetual preferred shares&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:131.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:131.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:131.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:131.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:21pt;' &gt;&lt;td style='width:206.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Issued and outstanding:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;number of shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;millions of dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;number of shares&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of dollars&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:206.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Outstanding as at December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;35,000&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  34&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfSaleOfStockBySubsidiaryOrEquityMethodInvesteeDisclosureTextBlock>
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  <us-gaap:NatureOfOperations id="ID_3956" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Nature of Operations&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera Incorporated&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; (&amp;#8220;Emera&amp;#8221; or the &amp;#8220;Company&amp;#8221;)&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; is an energy and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:13.8pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s primary rate-regulated subsidiaries and investments at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;included the following: &lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Florida and New Mexico represents TECO Energy, Inc. (&amp;#8220;TECO Energy&amp;#8221;), a holding company with regulated electric and gas utilities in Florida and New &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Mexico, which was acquired on July 1, 2016. TECO Energy&amp;#8217;s holdings includes: &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Tampa Electric Company (&amp;#8220;TEC&amp;#8221;), which holds the Tampa Electric Division (&amp;#8220;Tampa Electric&amp;#8221;), an integrated regulated electric utility, serving approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;736,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers in West Central Florida and Peoples Gas System Division, (&amp;#8220;PGS&amp;#8221;) a regulated gas distribution utility, serving approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;374,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers across Florida; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;New Mexico Gas Company, Inc. (&amp;#8220;NMGC&amp;#8221;), a regulated gas distribution &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;utility, serving approximately &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;522,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers across New Mexico; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;TECO Finance, Inc. (&amp;#8220;TECO Finance&amp;#8221;), a wholly owned financing subsidiary of TECO Energy.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Nova Scotia Power Inc. (&amp;#8220;NSPI&amp;#8221;), a fully integrated electric utility and the prima&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ry electricity supplier in Nova Scotia, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 511,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Maine provides electric transmission and distribution services to approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 157,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers in the State of Maine in the United States&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera (Caribbean) Incorporated (&amp;#8220;ECI&amp;#8221;) &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;100.0&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent interest (December 31, 2015 &amp;#8211; 95.5 per cent) includes:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The Barbados Light &amp;amp; Power Company Limited (&amp;#8220;BLPC&amp;#8221;), a vertically integrated utility and sole provider of electricity on the islan&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d of Barbados, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 126,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;50.0&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent direct and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;30.4&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent indirect interest (through a 60.7 per cent interest in ICD Utilities Limited (&amp;#8220;ICDU&amp;#8221;)) in Grand Ba&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hama Power Company Limited (&amp;#8220;GBPC&amp;#8221;), a vertically integrated utility and sole provider of electricity on Grand Bahama Island, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 19,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;customers; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;51.9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent interest (December 31, 2015 &amp;#8211;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 49.6 per cent indirect interest) in Dominica Electricity Services Ltd. (&amp;#8220;Domlec&amp;#8221;), an integrated utility on the island of Dominica, serving approximately&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; 36,000&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; customers; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;19.1&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent indirect interest (December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015 &amp;#8211; 18.2 per cent indirect interest) in St. Lucia Electricity Services Limited (&amp;#8220;Lucelec&amp;#8221;), a vertically integrated regulated electric utility in St. Lucia; &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Brunswick Pipeline Company Limited (&amp;#8220;Brunswick Pipeline&amp;#8221;), a 145-kilometre pipeline deliv&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ering re-gasified liquefied natural gas from Saint John, New Brunswick to the United States border under a 25-year firm service agreement with Repsol Energy Canada (&amp;#8220;REC&amp;#8221;), which expires in 2034; &lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Newfoundland &amp;amp; Labrador Holdings Inc. (&amp;#8220;ENL&amp;#8221;), focuse&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d on two transmission investments related to the development of an 824 megawatt (&amp;#8220;MW&amp;#8221;) hydroelectric generating &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;facility at Muskrat Falls on the Lower Churchill River in Labrador, scheduled to be generating first power in 2019 and full power in 2020.  ENL&amp;#8217;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s two investments are:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a 100 per cent investment in NSP Maritime Link Inc. (&amp;#8220;NSPML&amp;#8221;), which is developing the Maritime Link Project, a $1.56 billion transmission project, including two 170-kilometre sub-sea cables, connecting the island of Newfoundland and&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; Nova Scotia.  This project is scheduled to be completed in Q4 2017 and then be in service by January 1, 2018;&lt;/font&gt;&lt;/li&gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;62.7&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent investment (December 31, 2015 &amp;#8211; 55.1 per cent) in the partnership capital of Labrador-Island Link Limited Partners&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hip (&amp;#8220;LIL&amp;#8221;), a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the transmission of Muskrat Falls energy between Labrador and the island of Newfoundland.&amp;#160; Emera&amp;#8217;s percentage ownership in LIL &amp;#8206;is subject to change, based &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;on the balance of capital investments required from Emera and Nalcor Energy to complete construction of the LIL.  Emera&amp;#8217;s ultimate percentage investment in LIL will be determined on completion of the LIL and final costing of all transmission projects relat&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed to the Muskrat Falls development, including the LIL, Labrador Transmission Assets and Maritime Link Projects, such that Emera&amp;#8217;s total investment in the Maritime Link and LIL will equal 49 per cent of the cost of all of these transmission developments.&amp;#160; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;The investment in LIL is accounted for on the equity basis.&amp;#160; Nalcor Energy has indicated that the project will be in service in Q2 2018.&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;a &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;12.9&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;per cent interest in Maritimes &amp;amp; Northeast Pipeline (&amp;#8220;M&amp;amp;NP&amp;#8221;), a 1,400-kilometre pipeline, which t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ransports natural gas from offshore Nova Scotia to markets in Atlantic Canada and the northeastern United States. &lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera also owns investments in other energy-related non-regulated companies, including: &lt;/font&gt;&lt;/p&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Energy, includes:&lt;/font&gt;&lt;/li&gt;&lt;/ul&gt;&lt;ul style='margin-top:0pt;' &gt;&lt;li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;Emera Energy Services (&amp;#8220;EES&amp;#8221;&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;), a physical energy business that purchases and sells natural gas and electricity and provides related energy asset management services; 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  <us-gaap:AssetRetirementObligationsPolicy id="ID_4032" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Asset Retirement Obligation&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;' &gt;s&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;An ARO&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a long-lived asset.  A legal obligation may exist under an existing or enacted law or statut&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;e, written or oral contract, or by legal construction under the doctrine of promissory estoppel.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;An ARO represents the fair value of the estimated cash flows necessary to discharge the future obligation using the Company&amp;#8217;s credit adjusted risk-free rate&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;.  The amounts are reduced by actual expenditures incurred.  Estimated future cash flows are based on completed depreciation studies, remediation reports, prior experience, estimated useful lives and governmental regulatory requirements.  The present value&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of the liability is recorded and the carrying amount of the related long-lived asset is correspondingly increased.  The amount capitalized at inception is depreciated in the same manner as the related long-lived asset.  Over time, the liability is accrete&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d to its estimated future value.  Accretion expense is included as part of &amp;#8220;Depreciation and amortization&amp;#8221;.  Any &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;regulated &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;accretion expense not yet approved by the regulator is deferred to a regulatory asset in &amp;#8220;Property, plant and equipment&amp;#8221; and included&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; in the next depreciation study.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Some transmission and distribution assets may have conditional AROs, which are required to be estimated and recorded as a liability.  A conditional ARO refers to a legal obligation to perform an asset retirement activity i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n which the timing and/or method of settlement are conditional on a future event that &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;may or may not be within the control of the entity.  Management monitors these obligations and a liability is recognized at fair value when an amount can be determined.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:AssetRetirementObligationsPolicy>
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  <us-gaap:IncomeTaxPolicyTextBlock id="ID_4034" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Income Taxes and Investment Tax Credits&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera recognizes deferred income tax assets and liabilities for the future tax consequences of events &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;that have been included in the financial statements or income tax returns.  Deferred income tax assets and liabilities are determined based on the difference between the carrying value of assets and liabilities on the Consolidated Balance Sheets and their &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse.  Emera recognizes the effect of income tax positions only when it is more likely than not that they will be realized.  Management reviews &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;all readily available current and historical information, including forward-looking information, and the likelihood that deferred tax assets will be recovered from future taxable income is assessed and assumptions about the expected timing of the reversal &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;of deferred tax assets and liabilities are made.  If management subsequently determines that it is likely that some or all of a deferred income tax asset will not be realized, then a valuation allowance is recorded to report the balance at the amount expec&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ted to be realized. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Generally, investment tax credits are recorded as a reduction to income tax expense in the current or future periods to the extent that realization of such benefit is more likely than not.  Investment tax credits earned by TECO Energy&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; and Emera Maine on regulated assets are deferred and amortized over the estimated service lives of the related properties, as required by state regulatory practices.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s rate-regulated subsidiaries recognize regulatory assets or liabilities where the&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; deferred income taxes are expected to be recovered from or returned to customers in future rates, unless specifically directed by a regulator to flow deferred income taxes through earnings.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera classifies interest and penalties associated with unrecogn&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ized tax benefits as interest and operating expense, respectively.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:IncomeTaxPolicyTextBlock>
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  <us-gaap:DerivativesHedgeDiscontinuances id="ID_4042" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' &gt;Derivatives and Hedging Activities&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera&amp;#8217;s risk management policies and procedures provide a framework through which management monitors various risk exposures.  The risk management pol&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;icies and practices are overseen by the Board of Directors.  The Company has established a number of processes and practices to identify, monitor, report on and mitigate material risks to the Company.  This includes establishment of the Enterprise Risk Man&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;agement Committee, whose responsibilities include preparing and updating a &amp;#8220;Risk Dashboard&amp;#8221; for the Board of Directors on a quarterly basis.  Furthermore, a corporate team independent from operations is responsible for tracking and reporting on market and &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;credit risks.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company manages its exposure to normal operating and market risks relating to commodity prices, foreign exchange and interest rates through contractual protections with counterparties where practicable, and by using financial instruments&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; consisting mainly of foreign exchange forwards and swaps, interest rate options and swaps, and coal, oil and gas futures, options, forwards and swaps.  In addition, the Company has contracts for the physical purchase and sale of natural gas.  These physic&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;al and financial contracts are classified as held-for-trading (&amp;#8220;HFT&amp;#8221;).  Collectively, these contracts are considered derivatives.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company recognizes the fair value of all its derivatives on its balance sheet, except for non-financial derivatives that &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;meet the normal purchases and normal sales (&amp;#8220;NPNS&amp;#8221;) exception.  A physical contract generally qualifies for the NPNS exception if the transaction is reasonable in relation to the Company&amp;#8217;s business needs, the counterparty owns or controls resources within &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;the proximity to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty creditworthy.  Emera continually assesses contracts designated under the NPNS exception and will discont&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;inue the treatment of these contracts under this exemption where the criteria are no longer met. &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives qualify for hedge accounting if they meet stringent documentation requirements, and can be proven to effectively hedge the identified risk both a&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;t the inception and over the term of the instrument.  Specifically, for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is realiz&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ed.  Any ineffective portion of the change in the fair value of the cash flow hedges is recognized in net income in the reporting period.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Where the documentation or effectiveness requirements are not met, the derivatives are recognized at fair value, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives entered into by Tampa Electric, PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for whi&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ch the NPNS exception has not been taken, are subject to regulatory accounting treatment.&amp;#160; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities. The change in fair value of the derivatives is deferred to a r&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;egulatory asset or liability.&amp;#160; The gain or loss is recognized in the hedged item when the hedged item is settled.&amp;#160; Management believes that any gains or losses resulting from settlement of these derivatives related to fuel for generation and purchased powe&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;r will be refunded to or collected from customers in future rates.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives that do not meet any of the above criteria are designated as HFT derivatives and are recorded on the balance sheet at fair value, with changes normally recorded in net income o&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;f the period, unless deferred as a result of regulatory accounting.  The Company has not elected to designate any derivatives to be included in the HFT category where another accounting treatment would apply.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera classifies gains and losses on derivativ&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;es as a component of fuel for generation and purchased power, other expenses, inventory and property, plant and equipment, depending on the nature of the item being economically hedged.  Transportation capacity arising as a result of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; marketing and trading &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;transactions is recognized as an asset in &amp;#8220;Other&amp;#8221; and amortized over the period of the transportation contract term.  Cash flows from derivative activities are presented in the same category as the item being &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;hedged within operating or investing activities&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; on the Consolidated Statements of Cash Flows.  Non-hedged derivatives are included in operating cash flows on the Consolidated Statements of Cash Flows.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Derivatives, as reflected on the Consolidated Balance Sheets, are not offset by the fair value amount&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;s of cash collateral with the same counterparty.  Rights to reclaim cash collateral are recognized in &amp;#8220;Receivables, net&amp;#8221; and obligations to return cash collateral are recognized in &amp;#8220;Accounts payable&amp;#8221;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:DerivativesHedgeDiscontinuances>
  <us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock id="ID_4043" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;13.  RECEIVABLES, NET&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Receivables, net consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Customer accounts receivable &amp;#8211; billed&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  715&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  406&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Customer accounts receivable &amp;#8211; unbilled&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  144&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total customer accounts receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  985&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  550&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Allowance for doubtful accounts&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; (13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (12)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Customer accounts receivable, net&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  972&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  538&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  40&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  1,014&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  578&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:LoansNotesTradeAndOtherReceivablesDisclosureTextBlock>
  <us-gaap:InventoryDisclosureTextBlock id="ID_4044" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15.75pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;14.  INVENTORY&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Inventory consisted of the following: &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Fuel &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  235&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  185&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Materials &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  215&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  100&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Emission credits&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; (1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  22&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  472&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:36.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)The NEGG Facilities are subject to the Acid Rain Program for sulphur dioxide emissions and the Regional Greenhouse Gas Initiative (&amp;quot;RGGI&amp;quot;) for carbon dioxide emissions. The emissions credits inventory balance represents the credits purchased to offset the other current liabilities and other long-term liabilities associated with these programs.&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:InventoryDisclosureTextBlock>
  <us-gaap:PreferredStockSharesIssued id="ID_4045" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesBPreferredStockMember" unitRef="shares" decimals="INF">2135364</us-gaap:PreferredStockSharesIssued>
  <us-gaap:StockIssuedDuringPeriodSharesConversionOfUnits id="ID_4046" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="shares" decimals="-4">51990000</us-gaap:StockIssuedDuringPeriodSharesConversionOfUnits>
  <us-gaap:PaymentsToAcquireProductiveAssets id="ID_4047" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_StatementBusinessSegmentsAxis_ema_EmeraMaineSegmentMember" unitRef="CAD" decimals="-6">65000000</us-gaap:PaymentsToAcquireProductiveAssets>
  <us-gaap:GainLossOnSaleOfEquityInvestments id="ID_4048" contextRef="FROM_Oct01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_ema_AlgonquinPowerAndUtilitiesCorporationMember" unitRef="CAD" decimals="-6">-12000000</us-gaap:GainLossOnSaleOfEquityInvestments>
  <us-gaap:EquityMethodInvestments id="ID_4049" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_us-gaap_OtherInvestmentsMember" unitRef="CAD" decimals="-6">17000000</us-gaap:EquityMethodInvestments>
  <us-gaap:OperatingLossCarryforwards id="ID_4050" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_IncomeTaxAuthorityAxis_us-gaap_DomesticCountryMember" unitRef="CAD" decimals="-6">4000000</us-gaap:OperatingLossCarryforwards>
  <ema:DeferredTaxAssetExpirationPeriod id="ID_4051" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_IncomeTaxAuthorityAxis_ema_OtherTaxAuthorityMember_us-gaap_RangeAxis_us-gaap_MaximumMember_us-gaap_TaxCreditCarryforwardAxis_ema_OperatingLossCarryforwardMember">2023</ema:DeferredTaxAssetExpirationPeriod>
  <ema:OtherInvestmentsIntercompany id="ID_4052" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">2270000000</ema:OtherInvestmentsIntercompany>
  <ema:OtherInvestmentsIntercompany id="ID_4053" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-2270000000</ema:OtherInvestmentsIntercompany>
  <ema:DefinedPensionPlanAmortizationOfRegulatoryAssetsLiabilities id="ID_4054" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">0</ema:DefinedPensionPlanAmortizationOfRegulatoryAssetsLiabilities>
  <us-gaap:AociBeforeTaxAttributableToParent id="ID_4055" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">137000000</us-gaap:AociBeforeTaxAttributableToParent>
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  <ema:FuelAdjustmentMechanismTableTextBlock id="ID_4457" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;For the&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:149.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:149.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Year ended December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;(Over) under recovery of current period Fuel costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (24)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Recovery from customers of prior years&amp;#8217; Fuel costs&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  56&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Application of non-fuel revenues&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  20&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  45&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fixed cost deferral related to 2015 demand side management&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; (35)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Regulated fuel adjustment mechanism&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</ema:FuelAdjustmentMechanismTableTextBlock>
  <us-gaap:DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation id="ID_4458" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_PensionPlansDefinedBenefitMember" unitRef="CAD" decimals="-6">0</us-gaap:DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation>
  <us-gaap:DebtWeightedAverageInterestRate id="ID_4459" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_LongtermDebtTypeAxis_ema_UnsecuredFixedRateNotesMember_us-gaap_RangeAxis_us-gaap_MaximumMember" unitRef="pure" decimals="4">0.0385</us-gaap:DebtWeightedAverageInterestRate>
  <us-gaap:OtherCurrentAssetsTextBlock id="ID_4460" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;19.  PREPAYMENTS AND OTHER CURRENT ASSETS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Prepayments and other current assets consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Capitalized transportation capacity &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  223&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Prepaid expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Due from related parties&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Capitalized transportation capacity represents the value of transportation/storage received by EES on asset management agreements at the 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  <us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage id="ID_4516" contextRef="FROM_Dec30_2014_TO_Jan02_2015_Entity_0001127248_dei_LegalEntityAxis_ema_MainePublicServiceDistrictMember_us-gaap_PublicUtilityAxis_us-gaap_ElectricTransmissionMember" unitRef="pure" decimals="6">0.0675</us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage>
  <us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock id="ID_4517" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;19.  PREPAYMENTS AND OTHER CURRENT ASSETS&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;Prepayments and other current assets consisted of the following:&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Capitalized transportation capacity &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  190&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  223&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Prepaid expenses&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  18&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Due from related parties&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  2&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Net investment in direct financing lease&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  6&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Other&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  276&lt;/font&gt;&lt;/td&gt;&lt;td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1) Capitalized transportation capacity represents the value of transportation/storage received by EES on asset management agreements at the inception of the contracts.  The asset is amortized over the term of each contract. &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTax id="ID_4518" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_StatementEquityComponentsAxis_us-gaap_NoncontrollingInterestMember" unitRef="CAD" decimals="-6">-3000000</us-gaap:OtherComprehensiveIncomeLossNetOfTax>
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  <us-gaap:DebtInstrumentCarryingAmount id="ID_4520" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraUsFinanceLpMember_us-gaap_LongtermDebtTypeAxis_ema_UnsecuredSeniorNotesMember" unitRef="CAD" decimals="-6">4364000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtWeightedAverageInterestRate id="ID_4521" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NewMexicoGasIncorporateMember_us-gaap_LongtermDebtTypeAxis_ema_FixedRateNotesAndBondsMember" unitRef="pure" xsi:nil="true"></us-gaap:DebtWeightedAverageInterestRate>
  <us-gaap:LineOfCreditFacilityExpirationDate1 id="ID_4522" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_EmeraMaineMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember">2019-09-30</us-gaap:LineOfCreditFacilityExpirationDate1>
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  <us-gaap:PreferredStockRedemptionPricePerShare id="ID_4525" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesDPreferredStockMember_us-gaap_StatementScenarioAxis_ema_PreferredSharesOutstandingRedemptionPeriodFiveMember" unitRef="CAD_per_Share" decimals="2">25</us-gaap:PreferredStockRedemptionPricePerShare>
  <us-gaap:LossContingencyEstimateOfPossibleLoss id="ID_4526" contextRef="AS_OF_Sep30_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TampaElectricAndPeoplesGasDivisionMember" unitRef="USD" decimals="-6">32000000</us-gaap:LossContingencyEstimateOfPossibleLoss>
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  <us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease id="ID_4781" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" unitRef="pure" decimals="5">0.035</us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease>
  <ema:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateDecrease id="ID_4782" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">7000000</ema:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateDecrease>
  <us-gaap:CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome id="ID_4783" contextRef="AS_OF_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">658000000</us-gaap:CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome>
  <us-gaap:DebtInstrumentMaturityDate id="ID_4784" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_us-gaap_DebtInstrumentAxis_ema_SeniorSecuredNotesIMember_us-gaap_LongtermDebtTypeAxis_us-gaap_SeniorNotesMember">2021-12-31</us-gaap:DebtInstrumentMaturityDate>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_4785" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_PeoplesGasSystemDivisionMember" unitRef="CAD" decimals="-6">351000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_4786" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_us-gaap_DebtInstrumentAxis_ema_SeniorSecuredNotesIMember_us-gaap_LongtermDebtTypeAxis_us-gaap_SeniorNotesMember" unitRef="CAD" decimals="-6">201000000</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:DebtInstrumentCarryingAmount id="ID_4787" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_us-gaap_DebtInstrumentAxis_ema_SeniorSecuredNotesIMember_us-gaap_LongtermDebtTypeAxis_us-gaap_SeniorNotesMember" unitRef="CAD" decimals="-6">0</us-gaap:DebtInstrumentCarryingAmount>
  <us-gaap:PreferredStockSharesOutstanding id="ID_4788" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesBPreferredStockMember" unitRef="shares" decimals="INF">2135364</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockSharesOutstanding id="ID_4789" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncMember_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesCPreferredStockMember" unitRef="shares" decimals="INF">10000000</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockSharesOutstanding id="ID_4790" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember" unitRef="shares" decimals="-6">0</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockSharesOutstanding id="ID_4791" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_NovaScotiaPowerIncMember" unitRef="shares" decimals="-6">0</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:IncomeTaxesPaidNet id="ID_4792" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">124000000</us-gaap:IncomeTaxesPaidNet>
  <us-gaap:StockIssuedDuringPeriodValueDividendReinvestmentPlan id="ID_4793" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248" unitRef="CAD" decimals="-6">103000000</us-gaap:StockIssuedDuringPeriodValueDividendReinvestmentPlan>
  <us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity id="ID_4794" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_ema_TecoEnergyIncAndTecoFinanceIncMember_us-gaap_LongtermDebtTypeAxis_us-gaap_RevolvingCreditFacilityMember" unitRef="CAD" decimals="-6">0</us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity>
  <us-gaap:LineOfCredit id="ID_4795" contextRef="AS_OF_Dec31_2015_Entity_0001127248" unitRef="CAD" decimals="-6">641000000</us-gaap:LineOfCredit>
  <us-gaap:ScheduleOfGoodwillTextBlock id="ID_4796" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:15.75pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;23.  GOODWILL&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;color:#000000;' &gt;The change in goodwill for the year ended December 31 is due to the following:&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, January 1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  222&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Acquisition of TECO Energy as at July 1, 2016 (note 4)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  5,771&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Impairment&lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt; &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; - &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Change in foreign exchange rate&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  178&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  42&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Balance, December 31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  6,213&lt;/font&gt;&lt;/td&gt;&lt;td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td colspan='5' rowspan='1' style='width:453.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfGoodwillTextBlock>
  <us-gaap:ScheduleOfCondensedBalanceSheetTableTextBlock id="ID_4797" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;128&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;404&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Restricted cash &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;86&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;87&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Receivables, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;429&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;584&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,014&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany receivables&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;57&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;569&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(646)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;28&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Inventory &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;273&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;199&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;472&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;26&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;80&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Prepayments and other current assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;44&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;230&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;276&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;273&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;37&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;898&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,962&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(659)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,511&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Property, plant and equipment, net of accumulated depreciation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12,724&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,552&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;17,290&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;31&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;114&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(38)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;125&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;129&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;131&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement asset&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;647&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net investment in direct financing lease &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;475&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;488&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments in subsidiaries accounted for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     using the equity method &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8,349&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(8,349)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments subject to significant influence &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;929&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;947&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investment securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Goodwill &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,110&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;103&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,213&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany notes receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,341&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,558&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;589&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,504)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investments - intercompany&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,270&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(2,270)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;33&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;85&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;169&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,771&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,558&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,904&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,379&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17,192)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9,420&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10,058&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;20,526&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,893&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17,851)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;29,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Balance Sheets &amp;#8211; Continued&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:55.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities and Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Short-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;948&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;961&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Current portion of long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;436&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;40&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;476&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accounts payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;756&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,242&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;534&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;81&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;25&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(646)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;314&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(13)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;325&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;225&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;137&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;362&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;58&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other current liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;54&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;79&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;141&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;281&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;          &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;608&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,586&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,170&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(659)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;3,724&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,338&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,314&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,687&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,929&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;14,268&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;366&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,778&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,357&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,501)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,193&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;516&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(38)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,672&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Convertible debentures &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;150&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;150&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;973&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;304&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,277&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Asset retirement obligations &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;170&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;433&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;219&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;669&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;213&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;268&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(19)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;467&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,746&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12,338&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,852&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,570)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;18,681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,738&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;242&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,177&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,997&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(8,416)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;4,738&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cumulative preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;620&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(891)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Contributed surplus&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(151)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;75&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accumulated other comprehensive income &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     (loss) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;340&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(191)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(159)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retained earnings &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,076&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;420&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;610&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,039)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,076&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total Emera Incorporated equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,704&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,602&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,793&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10,656)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,704&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-controlling interest in subsidiaries &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;78&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,704&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;261&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,602&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,871&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(10,622)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,816&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total liabilities and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10,058&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,595&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;20,526&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,893&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17,851)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;29,221&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cash and cash equivalents&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,068&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,073&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Restricted cash &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Receivables, net &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;70&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;506&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;578&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;95&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(248)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Inventory &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;48&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;266&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;314&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;46&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;250&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;94&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Prepayments and other current assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;243&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;256&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total current assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;222&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;265&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,388&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(279)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,596&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Property, plant and equipment, net of accumulated depreciation&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;15&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,035&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,419&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,469&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes receivable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;49&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;47&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;19&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;32&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments  &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;35&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;167&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;168&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;9&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory assets &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;505&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;605&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Net investment in direct financing lease &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;480&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;480&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments in subsidiaries accounted for &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     using the equity method &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6,042&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,042)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investments subject to significant influence &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;509&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;624&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,145&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Investment securities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;116&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;116&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Goodwill &lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;158&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;264&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany notes receivable&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,051&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,754&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,805)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other investments - intercompany&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;98&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(98)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;106&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total other assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,653&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;330&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,004&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12,013)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,974&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total assets&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,890&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,630&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,811&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12,292)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:15pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;12,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Emera Incorporated &lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;Consolidated Balance Sheets &amp;#8211;  Continued&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' &gt;&lt;font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' &gt;As at December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:13.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:center;vertical-align:top;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:9pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Parent&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Subsidiary Issuer&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='1' rowspan='2' style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:55.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Non-guarantor Subsidiaries&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Eliminations&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Consolidated&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Liabilities and Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Short-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;14&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(14)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;16&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Current portion of long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;250&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;6&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;18&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;274&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accounts payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;76&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;301&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;394&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Income taxes payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;8&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany payable &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;52&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;92&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;77&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(221)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;17&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;36&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;313&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(17)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;349&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;10&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;102&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;112&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;7&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other current liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;51&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;24&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;132&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;207&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;          &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;Total current liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;401&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;244&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;974&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(252)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,367&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Long-term debt &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;464&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;389&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,882&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;3,735&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Intercompany long-term debt&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,631&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;120&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,072&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,823)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Deferred income taxes &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;343&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;450&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;762&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:12pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Convertible debentures (represented by &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     installment receipts)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,139&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,458)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;681&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Derivative instruments &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(34)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;96&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Regulatory liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;12&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;341&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;353&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Asset retirement obligations &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;109&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Pension and post-retirement liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;13&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;93&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;197&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;303&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Other long-term liabilities &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;61&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;233&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;299&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total long-term liabilities&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,289&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,018&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;5,922&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(5,891)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;6,338&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Common stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,157&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;312&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;3,829&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(4,141)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;2,157&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Cumulative preferred stock&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;425&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;271&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(696)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;709&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Contributed surplus&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;45&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;133&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(178)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;29&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Accumulated other comprehensive income &lt;/font&gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     (loss) &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;137&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;245&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(169)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(76)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;137&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Retained earnings &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,168&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;341&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;751&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(1,092)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;1,168&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total Emera Incorporated equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,368&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,815&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,183)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;4,200&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;     Non-controlling interest in subsidiaries &lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;100&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;34&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;134&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;          Total equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,200&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;1,368&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;4,915&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(6,149)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;4,334&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;Total liabilities and equity&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;9,890&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;-&lt;/font&gt;&lt;/td&gt;&lt;td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;2,630&lt;/font&gt;&lt;/td&gt;&lt;td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;11,811&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;color:#000000;' &gt;(12,292)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' &gt;&lt;font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' &gt;12,039&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:ScheduleOfCondensedBalanceSheetTableTextBlock>
  <us-gaap:ContractualObligationDueInThirdYear id="ID_4798" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_PurchasedPowerMember" unitRef="CAD" decimals="-6">206000000</us-gaap:ContractualObligationDueInThirdYear>
  <us-gaap:ContractualObligationDueInFifthYear id="ID_4799" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_DemandSideManagementMember" unitRef="CAD" decimals="-6">0</us-gaap:ContractualObligationDueInFifthYear>
  <us-gaap:ContractualObligationDueInFifthYear id="ID_4800" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_ema_LeasesAndOtherMember" unitRef="CAD" decimals="-6">8000000</us-gaap:ContractualObligationDueInFifthYear>
  <us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares id="ID_4801" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_AwardTypeAxis_ema_EmployeeNonVestedStockOptionMember" unitRef="shares" decimals="0">1453486</us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross id="ID_4802" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_us-gaap_AwardTypeAxis_ema_EmployeeNonVestedStockOptionMember" unitRef="shares" decimals="0">615100</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross>
  <us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue id="ID_4803" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_TitleOfIndividualAxis_ema_EmployeeMember" unitRef="CAD_per_Share" decimals="2">26.27</us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue>
  <us-gaap:CashAndCashEquivalentsPolicyTextBlock id="ID_4804" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248">&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Cash equivalents consist of&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; highly liquid short-term investments with original maturities of three months or less at acquisition.  Total short-term investments of $183 million have an effective interest rate of 0.6 per cent at &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;December 31, 2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;(&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; &amp;#8211; $78 million with an effective i&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;nterest rate of 0.6 per cent). &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;/div&gt;</us-gaap:CashAndCashEquivalentsPolicyTextBlock>
  <us-gaap:RegulatedOperatingRevenueGas id="ID_4805" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">48000000</us-gaap:RegulatedOperatingRevenueGas>
  <us-gaap:OperatingIncomeLoss id="ID_4806" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">367000000</us-gaap:OperatingIncomeLoss>
  <us-gaap:NonoperatingIncomeExpense id="ID_4807" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">24000000</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:NonoperatingIncomeExpense id="ID_4808" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">15000000</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:ProfitLoss id="ID_4809" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">109000000</us-gaap:ProfitLoss>
  <us-gaap:ProfitLoss id="ID_4810" contextRef="FROM_Jan01_2016_TO_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">89000000</us-gaap:ProfitLoss>
  <us-gaap:Revenues id="ID_4811" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</us-gaap:Revenues>
  <ema:NonRegulatedFuelForGenerationAndPurchasedPower id="ID_4812" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">0</ema:NonRegulatedFuelForGenerationAndPurchasedPower>
  <ema:NonRegulatedFuelForGenerationAndPurchasedPower id="ID_4813" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</ema:NonRegulatedFuelForGenerationAndPurchasedPower>
  <us-gaap:UtilitiesOperatingExpenseDepreciationAndAmortization id="ID_4814" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:UtilitiesOperatingExpenseDepreciationAndAmortization>
  <us-gaap:IncomeLossFromEquityMethodInvestments id="ID_4815" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">66000000</us-gaap:IncomeLossFromEquityMethodInvestments>
  <us-gaap:PreferredStockDividendsIncomeStatementImpact id="ID_4816" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">30000000</us-gaap:PreferredStockDividendsIncomeStatementImpact>
  <us-gaap:CostOfDomesticRegulatedGasRevenue id="ID_4817" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:CostOfDomesticRegulatedGasRevenue>
  <us-gaap:ProfitLoss id="ID_4818" contextRef="FROM_Jan01_2015_TO_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-301000000</us-gaap:ProfitLoss>
  <us-gaap:PrepaidExpenseCurrent id="ID_4819" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:PrepaidExpenseCurrent>
  <us-gaap:AvailableForSaleSecuritiesNoncurrent id="ID_4820" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:AvailableForSaleSecuritiesNoncurrent>
  <us-gaap:LongTermDebtCurrent id="ID_4821" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:LongTermDebtCurrent>
  <us-gaap:LongTermDebtCurrent id="ID_4822" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">436000000</us-gaap:LongTermDebtCurrent>
  <us-gaap:DerivativeInstrumentsAndHedgesLiabilities id="ID_4823" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">10000000</us-gaap:DerivativeInstrumentsAndHedgesLiabilities>
  <us-gaap:DerivativeInstrumentsAndHedgesLiabilities id="ID_4824" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">314000000</us-gaap:DerivativeInstrumentsAndHedgesLiabilities>
  <us-gaap:OtherLiabilitiesNoncurrent id="ID_4825" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_SubsidiaryIssuerMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherLiabilitiesNoncurrent>
  <us-gaap:AdditionalPaidInCapital id="ID_4826" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">45000000</us-gaap:AdditionalPaidInCapital>
  <us-gaap:MinorityInterest id="ID_4827" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_GuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">0</us-gaap:MinorityInterest>
  <us-gaap:OtherAssetsCurrent id="ID_4828" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:OtherAssetsCurrent>
  <us-gaap:PropertyPlantAndEquipmentNet id="ID_4829" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:CashCashEquivalentsAndShortTermInvestments id="ID_4830" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">-14000000</us-gaap:CashCashEquivalentsAndShortTermInvestments>
  <us-gaap:RegulatoryLiabilityCurrent id="ID_4831" contextRef="AS_OF_Dec31_2015_Entity_0001127248_us-gaap_ConsolidationItemsAxis_us-gaap_ConsolidationEliminationsMember" unitRef="CAD" decimals="-6">0</us-gaap:RegulatoryLiabilityCurrent>
  <us-gaap:OtherAssetsCurrent id="ID_4832" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_NonGuarantorSubsidiariesMember" unitRef="CAD" decimals="-6">243000000</us-gaap:OtherAssetsCurrent>
  <us-gaap:AssetsCurrent id="ID_4833" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">222000000</us-gaap:AssetsCurrent>
  <ema:InvestmentsInSubsidiaries id="ID_4834" contextRef="AS_OF_Dec31_2015_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentCompanyMember" unitRef="CAD" decimals="-6">6042000000</ema:InvestmentsInSubsidiaries>
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VARIABLE INTEREST ENTITIES&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company performs ongoing analysis to assess whether it holds any variable interest entities (&amp;#8220;VIEs&amp;#8221;).&amp;#160; To identify potential VIEs, management reviews contracts under leases, long-term purchase power agreements, tolling contracts and jointly owned &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;facilities.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;VIEs of which the Company is deemed the primary beneficiary must be consolidated.&amp;#160; The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obl&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;igation to absorb losses of the entity that could potentially be significant to the entity.&amp;#160; In circumstances where Emera is not deemed the primary beneficiary, the VIE is accounted for using the equity method.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;For the years ended, December 31, &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2016&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; an&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;2015&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;, the Company has identified the following material &lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;VIEs:&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;Emera holds a variable interest in NSPML, a VIE for which it was determined that Emera is not the primary beneficiary since it does not have the controlling financial interest of NSPML.&amp;#160; I&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;n Q2 2014, when the critical milestones were achieved, Nalcor Energy was deemed the beneficiary of the asset for financial reporting purposes as they have authority over the majority of the direct activities that are expected to most significantly impact t&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;he economic performance of the Maritime Link Project.&amp;#160; Thus, Emera began recording the Maritime Link Project as an equity investment.&amp;#160; &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;BLPC has established a Self-Insurance Fund primarily for the purpose of building a fund to cover risk against damage an&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;d consequential loss to certain generating, transmission and distribution systems.&amp;#160; ECI holds a variable interest in the SIF for which it was determined that ECI was the primary beneficiary and, accordingly, the SIF must be consolidated by ECI.&amp;#160; In its det&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ermination that ECI controls the SIF, management considered that, in substance, the activities of the SIF are being conducted on behalf of ECI&amp;#8217;s subsidiary BLPC and BLPC, alone, obtains the benefits from the SIF&amp;#8217;s operations.&amp;#160; Additionally, because ECI, th&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;rough BLPC, has rights to all the benefits of the SIF, it is also exposed to the risks related to the activities of the SIF.&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;  Any withdrawal of SIF fund assets by the Company would be subject to existing regulations.  Emera&amp;#8217;s consolidated VIE in the SIF is&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; recorded as an &amp;#8220;Investment securities&amp;#8221;, &amp;#8220;Restricted cash&amp;#8221; and &amp;#8220;Regulatory liabilities&amp;#8221;.&lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The Company has identified certain long-term purchase power agreements that meet the definition of variable interests as the Company has to purchase all or a majority&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt; of the electricity generation at a fixed price.  However, it was determined that the Company was not the primary beneficiary since it lacked the power to direct the activities of the entity, including the ability to operate the generating facilities and m&lt;/font&gt;&lt;font style='font-family:Arial;font-size:10pt;' &gt;ake management decisions.  &lt;/font&gt;&lt;/p&gt;&lt;p style='text-align:left;line-height:12pt;' &gt;&lt;/p&gt;&lt;p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' &gt;&lt;font style='font-family:Arial;font-size:10pt;margin-left:0pt;' &gt;The following table provides information about Emera&amp;#8217;s portion of material unconsolidated VIEs:&lt;/font&gt;&lt;/p&gt;&lt;/div&gt;&lt;p style='line-height:20pt;' /&gt;&lt;div&gt;&lt;table style='border-collapse:collapse;' &gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;As at&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;December 31, 2016&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='3' rowspan='1' style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;December 31, 2015&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Calibri;font-size:11pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Maximum&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:18.75pt;' &gt;&lt;td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;millions of Canadian dollars&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Total&lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; assets&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt; exposure &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;to loss&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;Total &lt;/font&gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;assets&lt;/font&gt;&lt;/td&gt;&lt;td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt; exposure to loss&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;Unconsolidated VIEs in which Emera has variable interests&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;tr style='height:10.5pt;' &gt;&lt;td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;NSPML (equity accounted)&lt;/font&gt;&lt;/td&gt;&lt;td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  315&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' &gt;  577&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  188&lt;/font&gt;&lt;/td&gt;&lt;td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;$&lt;/font&gt;&lt;/td&gt;&lt;td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' &gt;&lt;font style='font-family:Arial;font-size:9pt;color:#000000;' &gt;  1,007&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;</us-gaap:VariableInterestEntityDisclosureTextBlock>
  <us-gaap:LettersOfCreditOutstandingAmount id="ID_4897" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_us-gaap_ParentMember_us-gaap_GuaranteeObligationsByNatureAxis_us-gaap_FinancialStandbyLetterOfCreditMember_us-gaap_JointlyOwnedUtilityPlantAxis_ema_BearSwampPowerCompanyLimitedLiabilityCompanyMember" unitRef="USD" decimals="-6">24000000</us-gaap:LettersOfCreditOutstandingAmount>
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  <ema:RepaymentsOfLinesOfCreditWithBondsOnDivestitureOfSubsisdiary id="ID_4899" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoCoalMember_us-gaap_GuaranteeObligationsByNatureAxis_us-gaap_FinancialStandbyLetterOfCreditMember" unitRef="CAD" decimals="-6">54000000</ema:RepaymentsOfLinesOfCreditWithBondsOnDivestitureOfSubsisdiary>
  <ema:RepaymentsOfLinesOfCreditWithBondsOnDivestitureOfSubsisdiary id="ID_4900" contextRef="AS_OF_Dec31_2016_Entity_0001127248_dei_LegalEntityAxis_ema_TecoCoalMember_us-gaap_GuaranteeObligationsByNatureAxis_us-gaap_FinancialStandbyLetterOfCreditMember" unitRef="USD" decimals="-6">40000000</ema:RepaymentsOfLinesOfCreditWithBondsOnDivestitureOfSubsisdiary>
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  <dei:EntityCommonStockSharesOutstanding id="ID_4906" contextRef="AS_OF_Dec31_2016_Entity_0001127248_us-gaap_StatementClassOfStockAxis_us-gaap_SeriesFPreferredStockMember" unitRef="shares" decimals="INF">8000000</dei:EntityCommonStockSharesOutstanding>
  <link:footnoteLink xmlns="http://www.w3.org/1999/xhtml" xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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      <div>(1) On December 17, 2015, an indirect wholly owned subsidiary of Emera acquired approximately 2.6 million ECI shares, increasing its ownership interest from 80.7 per cent to 95.5 per cent. On March 22, 2016, an indirect wholly-owned subsidiary of Emera acquired 0.7 million ECI shares (which owns 51.9 per cent share of Domlec), increasing Emera's ownership interest in ECI from 95.5 to 100 per cent.</div>
    </link:footnote>
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      <div>Annual requirement to purchase electricity production from independent power producers over varying contract lengths.</div>
    </link:footnote>
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      <div>Purchasing commitments for transportation of fuel and transportation capacity on various pipelines.</div>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2285_0" xlink:to="lbl_footnote_2"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2682" xlink:label="loc_ID_2682_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="#ID_2683" xlink:label="loc_ID_2683_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="1" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_2683_0" xlink:to="lbl_footnote_3"></link:footnoteArc>
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      <div>Maintenance of certain generating equipment, services related to a generation facility and wind operating agreements, outsourced management of computer and communication infrastructure and vegetation management.</div>
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    <link:loc xlink:type="locator" xlink:href="#ID_3074" xlink:label="loc_ID_3074_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="#ID_2088" xlink:label="loc_ID_2088_0"></link:loc>
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    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="6" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_1776_0" xlink:to="lbl_footnote_3"></link:footnoteArc>
    <link:loc xlink:type="locator" xlink:href="#ID_2915" xlink:label="loc_ID_2915_0"></link:loc>
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      <div>Emera has a commitment in connection with the Federal Loan Guarantee ("FLG") to complete construction of the Maritime Link.  Thirty per cent of the financing of this project will come from Emera as equity.  Emera also has a commitment to make equity contributions to the Labrador Island Link Limited Partnership upon draw requests from the general partner.  The amounts forecasted are a combination of equity investments for both projects and are subject to change in both timing and amounts as the projects advance through construction.</div>
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    <link:loc xlink:type="locator" xlink:href="#ID_2684" xlink:label="loc_ID_2684_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="#ID_3398" xlink:label="loc_ID_3398_0"></link:loc>
    <link:footnoteArc xlink:type="arc" xlink:priority="0" xlink:order="4" xlink:use="optional" xlink:arcrole="http://www.xbrl.org/2003/arcrole/fact-footnote" xlink:from="loc_ID_3398_0" xlink:to="lbl_footnote_4"></link:footnoteArc>
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    <link:loc xlink:type="locator" xlink:href="#ID_2726" xlink:label="loc_ID_2726_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="#ID_3035" xlink:label="loc_ID_3035_0"></link:loc>
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      <div>Operating lease agreements for office space, land, plant fixtures and equipment, telecommunications services, rail cars and vehicles.</div>
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      <div>Tampa Electric produces ash and other by-products known as coal combustion residuals ("CCRs") at its Big Bend and Polk power stations. The 2016 additions to ARO are to achieve compliance with the EPA's CCR rule, which contains design and operating standards for CCR management units. In 2016, the FPSC approved Tampa Electric's proposed CCR compliance program for cost recovery through the Environmental Cost Recovery Clause. However, additional petitions will be submitted for recovery of future project expenses based on engineering studies currently being performed.</div>
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    <link:loc xlink:type="locator" xlink:href="#ID_4802" xlink:label="loc_ID_4802_0"></link:loc>
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      <div>As at December 31, 2016 there was $3 million of unrecognized compensation related to stock options not yet vested which is expected to be recognized over a weighted average period of approximately 2.4 years (2015 - $3 million, 2.3 years).</div>
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    <link:loc xlink:type="locator" xlink:href="#ID_4297" xlink:label="loc_ID_4297_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="#ID_2727" xlink:label="loc_ID_2727_0"></link:loc>
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    <link:loc xlink:type="locator" xlink:href="#ID_3036" xlink:label="loc_ID_3036_0"></link:loc>
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      <div>As at December 31, 2016, the weighted average remaining term of vested options was 5.7 years with an aggregate intrinsic value of $17 million (2015 - 5.3 years, $21 million).</div>
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      <div>As at December 31, 2016 the fair value of options that vested in the year was $2 million (2015 - $1 million).</div>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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                <link:usedOn>link:presentationLink</link:usedOn>
                <link:usedOn>link:calculationLink</link:usedOn>
                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:presentationLink</link:usedOn>
                <link:usedOn>link:calculationLink</link:usedOn>
                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:presentationLink</link:usedOn>
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                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
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            <link:roleType roleURI="http://emera.com/role/StockbasedCompensationWeightedAverageFairValuesAssumptionsInValuationModelsForOptionsGrantedDetails" id="ELRID_DisclosureStockbasedCompensationWeightedAverageFairValuesAssumptionsInValuationModelsForOptionsGrantedDetails">
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                <link:usedOn>link:definitionLink</link:usedOn>
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                <link:usedOn>link:calculationLink</link:usedOn>
                <link:usedOn>link:definitionLink</link:usedOn>
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    <element name="NotesDue2045Member" id="ema_NotesDue2045Member" type="nonnum:domainItemType" substitutionGroup="xbrli:item" abstract="true" nillable="true" xbrli:periodType="duration" />
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</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>12
<FILENAME>ema-20161231_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="UTF-8"?>
<!-- Prepared by IBM Cognos Disclosure Management XBRL Version: 10.2.6 Using Fujitsu -->
<!-- Validation status: Passed -->
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>14
<FILENAME>ema-20161231_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="element38" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element38" xlink:to="label38" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element39" xlink:to="label39" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="element40" />
        <label xlink:type="resource" xlink:label="label40" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccountsReceivableNetCurrent_en-US">AccountsReceivableNetCurrent</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="element41" />
        <label xlink:type="resource" xlink:label="label41" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AccountsReceivableNetCurrent_en-US">Customer accounts receivable, net</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingenciesUndiscountedDueWithinOneYear" xlink:label="element42" />
        <label xlink:type="resource" xlink:label="label42" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccrualForEnvironmentalLossContingenciesUndiscountedDueWithinOneYear_en-US">Accrual for Environmental Loss Contingencies, Undiscounted, Next Twelve Months</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingenciesPayments1" xlink:label="element43" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element43" xlink:to="label43" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingenciesDisclosureAbstract" xlink:label="element44" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccrualForEnvironmentalLossContingencies" xlink:label="element45" />
        <label xlink:type="resource" xlink:label="label45" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccrualForEnvironmentalLossContingencies_en-US">Accrual for Environmental Loss Contingencies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element45" xlink:to="label45" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="element46" />
        <label xlink:type="resource" xlink:label="label46" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccruedLiabilitiesCurrent_en-US">Accrued Liabilities, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element46" xlink:to="label46" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="element47" />
        <label xlink:type="resource" xlink:label="label47" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AccruedIncomeTaxesCurrent_en-US">Income taxes payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element47" xlink:to="label47" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccruedIncomeTaxesCurrent" xlink:label="element48" />
        <label xlink:type="resource" xlink:label="label48" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccruedIncomeTaxesCurrent_en-US">Accrued Income Taxes, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element48" xlink:to="label48" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember" xlink:label="element49" />
        <label xlink:type="resource" xlink:label="label49" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedNetUnrealizedInvestmentGainLossMember_en-US">Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element49" xlink:to="label49" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossTable" xlink:label="element50" />
        <label xlink:type="resource" xlink:label="label50" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossTable_en-US">Accumulated Other Comprehensive Income (Loss) [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element50" xlink:to="label50" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element51" />
        <label xlink:type="resource" xlink:label="label51" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetTransitionIncludingPortionAttributableToNoncontrollingInterestMember_en-US">Accumulated Defined Benefit Plans Adjustment, Net Transition Including Portion Attributable to Noncontrolling Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element51" xlink:to="label51" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element52" />
        <label xlink:type="resource" xlink:label="label52" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember_en-US">Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element52" xlink:to="label52" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element53" />
        <label xlink:type="resource" xlink:label="label53" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember_en-US">Accumulated Defined Benefit Plans Adjustment, Net Prior Service Including Portion Attributable to Noncontrolling Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element53" xlink:to="label53" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems" xlink:label="element54" />
        <label xlink:type="resource" xlink:label="label54" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossLineItems_en-US">Accumulated Other Comprehensive Income (Loss) [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element54" xlink:to="label54" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="element55" />
        <label xlink:type="resource" xlink:label="label55" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Accumulated depreciation on property, plant and equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element55" xlink:to="label55" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="element56" />
        <label xlink:type="resource" xlink:label="label56" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element56" xlink:to="label56" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="element57" />
        <label xlink:type="resource" xlink:label="label57" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_en-US">Less: Accumulated depreciation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element57" xlink:to="label57" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedNetGainLossFromCashFlowHedgesIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element58" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element58" xlink:to="label58" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element59" xlink:to="label59" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedTranslationAdjustmentMember" xlink:label="element60" />
        <label xlink:type="resource" xlink:label="label60" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedTranslationAdjustmentMember_en-US">Accumulated Foreign Currency Adjustment Attributable to Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element60" xlink:to="label60" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract" xlink:label="element61" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element61" xlink:to="label61" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="element62" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax" xlink:label="element63" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element63" xlink:to="label63" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element65" />
        <label xlink:type="resource" xlink:label="label65" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember_en-US">Defined Benefit Plans Adjustment, Net Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element65" xlink:to="label65" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element66" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember" xlink:label="element67" />
        <label xlink:type="resource" xlink:label="label67" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember_en-US">Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element67" xlink:to="label67" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element68" />
        <label xlink:type="resource" xlink:label="label68" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element68" xlink:to="label68" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element69" />
        <label xlink:type="resource" xlink:label="label69" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element69" xlink:to="label69" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element70" />
        <label xlink:type="resource" xlink:label="label70" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element70" xlink:to="label70" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element71" />
        <label xlink:type="resource" xlink:label="label71" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element71" xlink:to="label71" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="element72" />
        <label xlink:type="resource" xlink:label="label72" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_en-US">Accumulated other comprehensive Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element72" xlink:to="label72" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element73" />
        <label xlink:type="resource" xlink:label="label73" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AdditionalPaidInCapital_en-US">Contributed surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element73" xlink:to="label73" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="element74" />
        <label xlink:type="resource" xlink:label="label74" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapital_en-US">Additional Paid in Capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element74" xlink:to="label74" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="element75" />
        <label xlink:type="resource" xlink:label="label75" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdditionalPaidInCapitalMember_en-US">Contributed Surplus</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element75" xlink:to="label75" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition" xlink:label="element76" />
        <label xlink:type="resource" xlink:label="label76" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition_en-US">Adjustments to Additional Paid in Capital, Share-based Compensation, Stock Options, Requisite Service Period Recognition</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element76" xlink:to="label76" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition" xlink:label="element77" />
        <label xlink:type="resource" xlink:label="label77" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition_en-US">Stock option expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element77" xlink:to="label77" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element78" />
        <label xlink:type="resource" xlink:label="label78" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_en-US">Adjustments to reconcile net income to net cash provided by operating activities:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element78" xlink:to="label78" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="element79" />
        <label xlink:type="resource" xlink:label="label79" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_en-US">Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element79" xlink:to="label79" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AdjustmentsForNewAccountingPronouncementsAxis" xlink:label="element80" />
        <label xlink:type="resource" xlink:label="label80" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_en-US">Adjustments for New Accounting Pronouncements [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element80" xlink:to="label80" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AffiliatedEntityMember" xlink:label="element81" />
        <label xlink:type="resource" xlink:label="label81" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AffiliatedEntityMember_en-US">Affiliated Entity [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element81" xlink:to="label81" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="element82" />
        <label xlink:type="resource" xlink:label="label82" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllocatedShareBasedCompensationExpense_en-US">Allocated Share-based Compensation Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element82" xlink:to="label82" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities" xlink:label="element83" />
        <label xlink:type="resource" xlink:label="label83" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities_en-US">Allowance for borrowed funds used during construction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element83" xlink:to="label83" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities" xlink:label="element84" />
        <label xlink:type="resource" xlink:label="label84" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllowanceForFundsUsedDuringConstructionInvestingActivities_en-US">Allowance for Funds Used During Construction, Investing Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element84" xlink:to="label84" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="element85" />
        <label xlink:type="resource" xlink:label="label85" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_en-US">Allowance for Doubtful Accounts Receivable, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element85" xlink:to="label85" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="element86" />
        <label xlink:type="resource" xlink:label="label86" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_en-US">Allowance for Doubtful Accounts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element86" xlink:to="label86" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="element87" />
        <label xlink:type="resource" xlink:label="label87" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AmortizationOfFinancingCosts_en-US">debt issuance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element87" xlink:to="label87" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfRateDeferral" xlink:label="element88" />
        <label xlink:type="resource" xlink:label="label88" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AmortizationOfRateDeferral_en-US">Regulated fixed cost deferral related to 2015 demand side management</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element88" xlink:to="label88" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="element89" />
        <label xlink:type="resource" xlink:label="label89" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AmortizationOfDebtDiscountPremium_en-US">Amortization of Debt Discount (Premium)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element89" xlink:to="label89" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligation" xlink:label="element90" />
        <label xlink:type="resource" xlink:label="label90" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligation_en-US">Asset Retirement Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element90" xlink:to="label90" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligation" xlink:label="element91" />
        <label xlink:type="resource" xlink:label="label91" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_AssetRetirementObligation_en-US">Balance, January 1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element91" xlink:to="label91" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligation" xlink:label="element92" />
        <label xlink:type="resource" xlink:label="label92" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_AssetRetirementObligation_en-US">Balance, December 31</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element92" xlink:to="label92" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationRevisionOfEstimate" xlink:label="element93" />
        <label xlink:type="resource" xlink:label="label93" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationRevisionOfEstimate_en-US">Asset Retirement Obligation, Revision of Estimate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element93" xlink:to="label93" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:label="element94" />
        <label xlink:type="resource" xlink:label="label94" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AssetRetirementObligationDisclosureTextBlock_en-US">ASSET RETIREMENT OBLIGATION</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element94" xlink:to="label94" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureTextBlock" xlink:label="element95" />
        <label xlink:type="resource" xlink:label="label95" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationDisclosureTextBlock_en-US">Asset Retirement Obligation Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element95" xlink:to="label95" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationsPolicy" xlink:label="element96" />
        <label xlink:type="resource" xlink:label="label96" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationsPolicy_en-US">Asset Retirement Obligations, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element96" xlink:to="label96" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="element97" />
        <label xlink:type="resource" xlink:label="label97" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AssetRetirementObligationDisclosureAbstract_en-US">ASSET RETIREMENT OBLIGATION [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element97" xlink:to="label97" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationDisclosureAbstract" xlink:label="element98" />
        <label xlink:type="resource" xlink:label="label98" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationDisclosureAbstract_en-US">Asset Retirement Obligation [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element98" xlink:to="label98" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesIncurred" xlink:label="element99" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="element102" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="element103" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationsNoncurrent" xlink:label="element104" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesSettled" xlink:label="element105" />
        <label xlink:type="resource" xlink:label="label105" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationLiabilitiesSettled_en-US">Asset Retirement Obligation, Liabilities Settled</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element105" xlink:to="label105" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationLiabilitiesSettled" xlink:label="element106" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element106" xlink:to="label106" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationAccretionExpense" xlink:label="element107" />
        <label xlink:type="resource" xlink:label="label107" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationAccretionExpense_en-US">Asset Retirement Obligation, Accretion Expense</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward" xlink:label="element108" />
        <label xlink:type="resource" xlink:label="label108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetRetirementObligationRollForwardAnalysisRollForward_en-US">Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element108" xlink:to="label108" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="element109" />
        <label xlink:type="resource" xlink:label="label109" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsFairValueDisclosureAbstract_en-US">Assets, Fair Value Disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element109" xlink:to="label109" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="element110" />
        <label xlink:type="resource" xlink:label="label110" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Assets_en-US">Total assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element110" xlink:to="label110" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="element111" />
        <label xlink:type="resource" xlink:label="label111" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Assets_en-US">Assets, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element111" xlink:to="label111" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Assets" xlink:label="element112" />
        <label xlink:type="resource" xlink:label="label112" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Assets_en-US">Total assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element112" xlink:to="label112" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="element113" />
        <label xlink:type="resource" xlink:label="label113" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AssetsAbstract_en-US">Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element113" xlink:to="label113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="element114" />
        <label xlink:type="resource" xlink:label="label114" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsAbstract_en-US">Assets [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element114" xlink:to="label114" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="element115" />
        <label xlink:type="resource" xlink:label="label115" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsFairValueDisclosure_en-US">Assets, Fair Value Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element115" xlink:to="label115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="element116" />
        <label xlink:type="resource" xlink:label="label116" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AssetsCurrentAbstract_en-US">Current assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element116" xlink:to="label116" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="element117" />
        <label xlink:type="resource" xlink:label="label117" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsCurrentAbstract_en-US">Assets, Current [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element117" xlink:to="label117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="element118" />
        <label xlink:type="resource" xlink:label="label118" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AssetsCurrent_en-US">Total current assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element118" xlink:to="label118" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="element119" />
        <label xlink:type="resource" xlink:label="label119" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AssetsCurrent_en-US">Assets, Current, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element119" xlink:to="label119" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="element120" />
        <label xlink:type="resource" xlink:label="label120" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AssetsCurrent_en-US">Total current assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element120" xlink:to="label120" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGainAbstract" xlink:label="element121" />
        <label xlink:type="resource" xlink:label="label121" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGainAbstract_en-US">Available-for-sale Securities, Gross Unrealized Gain [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element121" xlink:to="label121" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGainAbstract" xlink:label="element122" />
        <label xlink:type="resource" xlink:label="label122" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGainAbstract_en-US">Unrealized gains on available-for-sale investment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element122" xlink:to="label122" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="element123" />
        <label xlink:type="resource" xlink:label="label123" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_AvailableForSaleSecuritiesNoncurrent_en-US">Available-for-sale Securities, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element123" xlink:to="label123" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="element124" />
        <label xlink:type="resource" xlink:label="label124" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_AvailableForSaleSecuritiesNoncurrent_en-US">Available-for-sale Securities, Noncurrent, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element124" xlink:to="label124" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_AvailableForSaleSecuritiesNoncurrent" xlink:label="element125" />
        <label xlink:type="resource" xlink:label="label125" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_AvailableForSaleSecuritiesNoncurrent_en-US">Available-for-sale investment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element125" xlink:to="label125" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="element126" />
        <label xlink:type="resource" xlink:label="label126" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BalanceSheetLocationAxis_en-US">Balance Sheet Location [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element126" xlink:to="label126" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="element127" />
        <label xlink:type="resource" xlink:label="label127" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BalanceSheetLocationDomain_en-US">Balance Sheet Location [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element127" xlink:to="label127" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock" xlink:label="element128" />
        <label xlink:type="resource" xlink:label="label128" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_en-US">Basis of Accounting, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element128" xlink:to="label128" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BilledRevenuesMember" xlink:label="element129" />
        <label xlink:type="resource" xlink:label="label129" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BilledRevenuesMember_en-US">Billed [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element129" xlink:to="label129" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="element130" />
        <label xlink:type="resource" xlink:label="label130" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessAcquisitionAxis_en-US">Business Acquisition [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element130" xlink:to="label130" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionSharePrice" xlink:label="element131" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element131" xlink:to="label131" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:label="element132" />
        <label xlink:type="resource" xlink:label="label132" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element132" xlink:to="label132" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt" xlink:label="element133" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets" xlink:label="element134" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLineItems" xlink:label="element146" />
        <label xlink:type="resource" xlink:label="label146" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsLineItems_en-US">Business Combination, Separately Recognized Transactions [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element146" xlink:to="label146" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaRevenue" xlink:label="element149" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="element150" />
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        <label xlink:type="resource" xlink:label="label151" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables_en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables</label>
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        <label xlink:type="resource" xlink:label="label153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock_en-US">Business Combination, Separately Recognized Transactions [Table Text Block]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss" xlink:label="element158" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationAcquiredReceivablesEstimatedUncollectible" xlink:label="element177" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element177" xlink:to="label177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationAcquiredReceivablesEstimatedUncollectible" xlink:label="element178" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationAcquisitionRelatedCosts" xlink:label="element179" />
        <label xlink:type="resource" xlink:label="label179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationAcquisitionRelatedCosts_en-US">Business Combination, Acquisition Related Costs</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet" xlink:label="element180" />
        <label xlink:type="resource" xlink:label="label180" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet_en-US">Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet" xlink:label="element181" />
        <label xlink:type="resource" xlink:label="label181" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet_en-US">Purchase Consideration</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CanadaRevenueAgencyMember" xlink:label="element182" />
        <label xlink:type="resource" xlink:label="label182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CanadaRevenueAgencyMember_en-US">Canada Revenue Agency [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element182" xlink:to="label182" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract" xlink:label="element183" />
        <label xlink:type="resource" xlink:label="label183" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableAbstract_en-US">Capital Leases, Future Minimum Payments Receivable, Fiscal Year Maturity [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element183" xlink:to="label183" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableCurrent" xlink:label="element184" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element184" xlink:to="label184" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" xlink:label="element185" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock" xlink:label="element186" />
        <label xlink:type="resource" xlink:label="label186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock_en-US">Capital Leases in Financial Statements of Lessor Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element186" xlink:to="label186" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLossCarryforwardMember" xlink:label="element187" />
        <label xlink:type="resource" xlink:label="label187" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLossCarryforwardMember_en-US">Capital Loss Carryforward [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element187" xlink:to="label187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeaseObligationsMember" xlink:label="element188" />
        <label xlink:type="resource" xlink:label="label188" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeaseObligationsMember_en-US">Capital Lease Obligations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element188" xlink:to="label188" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived" xlink:label="element189" />
        <label xlink:type="resource" xlink:label="label189" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceived_en-US">Capital Leases, Net Investment in Direct Financing Leases, Minimum Payments to be Received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element189" xlink:to="label189" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears" xlink:label="element190" />
        <label xlink:type="resource" xlink:label="label190" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFourYears_en-US">Capital Leases, Future Minimum Payments, Receivable in 2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element190" xlink:to="label190" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty" xlink:label="element191" />
        <label xlink:type="resource" xlink:label="label191" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesUnguaranteedResidualValuesOfLeasedProperty_en-US">Capital Leases, Net Investment in Direct Financing Leases, Unguaranteed Residual Values of Leased Property</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element191" xlink:to="label191" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" xlink:label="element192" />
        <label xlink:type="resource" xlink:label="label192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome_en-US">Capital Leases, Net Investment in Direct Financing Leases, Deferred Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element192" xlink:to="label192" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome" xlink:label="element193" />
        <label xlink:type="resource" xlink:label="label193" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesDeferredIncome_en-US">Capital Leases, Net Investment in Direct Financing Leases, Deferred Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element193" xlink:to="label193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears" xlink:label="element194" />
        <label xlink:type="resource" xlink:label="label194" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInFiveYears_en-US">Capital Leases, Future Minimum Payments, Receivable in 2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element194" xlink:to="label194" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesExecutoryCosts" xlink:label="element195" />
        <label xlink:type="resource" xlink:label="label195" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesExecutoryCosts_en-US">Capital Leases, Net Investment in Direct Financing Leases, Executory Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element195" xlink:to="label195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesExecutoryCosts" xlink:label="element196" />
        <label xlink:type="resource" xlink:label="label196" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesExecutoryCosts_en-US">Capital Leases, Net Investment in Direct Financing Leases, Executory Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element196" xlink:to="label196" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears" xlink:label="element197" />
        <label xlink:type="resource" xlink:label="label197" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInTwoYears_en-US">Capital Leases, Future Minimum Payments, Receivable in 2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element197" xlink:to="label197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesAbstract" xlink:label="element198" />
        <label xlink:type="resource" xlink:label="label198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeasesAbstract_en-US">Capital Leases, Net Investment in Direct Financing Leases [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesFutureMinimumPaymentsReceivableInThreeYears" xlink:label="element199" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element199" xlink:to="label199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesNoncurrent" xlink:label="element200" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesNoncurrent" xlink:label="element201" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases" xlink:label="element202" />
        <label xlink:type="resource" xlink:label="label202" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases_en-US">Capital Leases, Net Investment in Direct Financing Leases</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element202" xlink:to="label202" />
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        <label xlink:type="resource" xlink:label="label206" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Cash_en-US">Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element206" xlink:to="label206" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Cash" xlink:label="element207" />
        <label xlink:type="resource" xlink:label="label207" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Cash_en-US">Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element207" xlink:to="label207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element208" />
        <label xlink:type="resource" xlink:label="label208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Cash and Cash Equivalents, at Carrying Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element208" xlink:to="label208" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element209" />
        <label xlink:type="resource" xlink:label="label209" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element209" xlink:to="label209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="element210" />
        <label xlink:type="resource" xlink:label="label210" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CashAndCashEquivalentsAtCarryingValue_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element210" xlink:to="label210" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="element211" />
        <label xlink:type="resource" xlink:label="label211" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPolicyTextBlock_en-US">Cash and Cash Equivalents, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element211" xlink:to="label211" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element212" />
        <label xlink:type="resource" xlink:label="label212" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Net increase (decrease) in cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element212" xlink:to="label212" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element213" />
        <label xlink:type="resource" xlink:label="label213" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Cash and Cash Equivalents, Period Increase (Decrease)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element213" xlink:to="label213" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="element214" />
        <label xlink:type="resource" xlink:label="label214" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_en-US">Net increase (decrease) in cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element214" xlink:to="label214" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsMember" xlink:label="element215" />
        <label xlink:type="resource" xlink:label="label215" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsMember_en-US">Cash and cash equivalents [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element215" xlink:to="label215" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAbstract" xlink:label="element216" />
        <label xlink:type="resource" xlink:label="label216" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CashAndCashEquivalentsAbstract_en-US">Cash and cash equivalents consists of:</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element216" xlink:to="label216" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashAndCashEquivalentsAbstract" xlink:label="element217" />
        <label xlink:type="resource" xlink:label="label217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashAndCashEquivalentsAbstract_en-US">Cash and Cash Equivalents [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element217" xlink:to="label217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue" xlink:label="element218" />
        <label xlink:type="resource" xlink:label="label218" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CashEquivalentsAtCarryingValue_en-US">Short-term investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element218" xlink:to="label218" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashEquivalentsAtCarryingValue" xlink:label="element219" />
        <label xlink:type="resource" xlink:label="label219" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashEquivalentsAtCarryingValue_en-US">Cash Equivalents, at Carrying Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element219" xlink:to="label219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:label="element220" />
        <label xlink:type="resource" xlink:label="label220" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashCashEquivalentsAndShortTermInvestments_en-US">Cash, Cash Equivalents, and Short-term Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element220" xlink:to="label220" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:label="element221" />
        <label xlink:type="resource" xlink:label="label221" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CashCashEquivalentsAndShortTermInvestments_en-US">Cash and cash equivalents, end of period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element221" xlink:to="label221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:label="element222" />
        <label xlink:type="resource" xlink:label="label222" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CashCashEquivalentsAndShortTermInvestments_en-US">Cash and cash equivalents, beginning of period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element222" xlink:to="label222" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:label="element223" />
        <label xlink:type="resource" xlink:label="label223" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CashCashEquivalentsAndShortTermInvestments_en-US">Cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element223" xlink:to="label223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashCashEquivalentsAndShortTermInvestments" xlink:label="element224" />
        <label xlink:type="resource" xlink:label="label224" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CashCashEquivalentsAndShortTermInvestments_en-US">Cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element224" xlink:to="label224" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:label="element225" />
        <label xlink:type="resource" xlink:label="label225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_en-US">Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element225" xlink:to="label225" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths" xlink:label="element226" />
        <label xlink:type="resource" xlink:label="label226" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_en-US">Less: reclassification adjustment for losses (gains) included in income (4)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element226" xlink:to="label226" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract" xlink:label="element227" />
        <label xlink:type="resource" xlink:label="label227" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract_en-US">Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element227" xlink:to="label227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CashFlowHedgingMember" xlink:label="element228" />
        <label xlink:type="resource" xlink:label="label228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CashFlowHedgingMember_en-US">Cash Flow Hedging [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element228" xlink:to="label228" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock" xlink:label="element229" />
        <label xlink:type="resource" xlink:label="label229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ChangesInProjectedBenefitObligationsFairValueOfPlanAssetsAndFundedStatusOfPlanTableTextBlock_en-US">Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element229" xlink:to="label229" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="element230" />
        <label xlink:type="resource" xlink:label="label230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassOfStockLineItems_en-US">Class of Stock [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element230" xlink:to="label230" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="element231" />
        <label xlink:type="resource" xlink:label="label231" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassOfStockDomain_en-US">Class of Stock [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element231" xlink:to="label231" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ClassificationOfVariableInterestEntityDomain" xlink:label="element232" />
        <label xlink:type="resource" xlink:label="label232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ClassificationOfVariableInterestEntityDomain_en-US">Variable Interest Entity, Classification [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element232" xlink:to="label232" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CollateralAlreadyPostedAggregateFairValue" xlink:label="element233" />
        <label xlink:type="resource" xlink:label="label233" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CollateralAlreadyPostedAggregateFairValue_en-US">Collateral Already Posted, Aggregate Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element233" xlink:to="label233" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommercialPaperMember" xlink:label="element234" />
        <label xlink:type="resource" xlink:label="label234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommercialPaperMember_en-US">Commercial Paper [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element234" xlink:to="label234" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="element235" />
        <label xlink:type="resource" xlink:label="label235" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_en-US">COMMITMENTS AND CONTINGENCIES</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element235" xlink:to="label235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="element236" />
        <label xlink:type="resource" xlink:label="label236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_en-US">Commitments and Contingencies Disclosure [Text Block]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="element237" />
        <label xlink:type="resource" xlink:label="label237" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingencies_en-US">Commitments and Contingencies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element237" xlink:to="label237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="element238" />
        <label xlink:type="resource" xlink:label="label238" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommitmentsAndContingencies_en-US">Commitments and contingencies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element238" xlink:to="label238" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="element239" />
        <label xlink:type="resource" xlink:label="label239" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_en-US">Commitments and Contingencies [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element239" xlink:to="label239" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="element240" />
        <label xlink:type="resource" xlink:label="label240" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_en-US">COMMITMENTS AND CONTINGENCIES [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element240" xlink:to="label240" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommodityContractMember" xlink:label="element241" />
        <label xlink:type="resource" xlink:label="label241" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommodityContractMember_en-US">Commodity Contract [Member]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="element243" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="element244" />
        <label xlink:type="resource" xlink:label="label244" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommonStockDividendsPerShareDeclared_en-US">Dividends per common share declared</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element244" xlink:to="label244" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockMember" xlink:label="element245" />
        <label xlink:type="resource" xlink:label="label245" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockMember_en-US">Common Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element245" xlink:to="label245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element246" />
        <label xlink:type="resource" xlink:label="label246" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommonStockSharesIssued_en-US">Common stock, shares issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element246" xlink:to="label246" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element247" />
        <label xlink:type="resource" xlink:label="label247" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesIssued_en-US">Common Stock, Shares, Issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element247" xlink:to="label247" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="element248" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element249" />
        <label xlink:type="resource" xlink:label="label249" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockValue_en-US">Common Stock, Value, Issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element249" xlink:to="label249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element250" />
        <label xlink:type="resource" xlink:label="label250" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CommonStockValue_en-US">Common Stock, Value, Issued, Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element250" xlink:to="label250" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element251" />
        <label xlink:type="resource" xlink:label="label251" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CommonStockValue_en-US">Common Stock, Value, Issued, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element251" xlink:to="label251" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element252" />
        <label xlink:type="resource" xlink:label="label252" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CommonStockValue_en-US">Common Stock, Value, Issued, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element252" xlink:to="label252" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockValue" xlink:label="element253" />
        <label xlink:type="resource" xlink:label="label253" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommonStockValue_en-US">Common stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element253" xlink:to="label253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockCapitalSharesReservedForFutureIssuance" xlink:label="element254" />
        <label xlink:type="resource" xlink:label="label254" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockCapitalSharesReservedForFutureIssuance_en-US">Common Stock, Capital Shares Reserved for Future Issuance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element254" xlink:to="label254" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element255" />
        <label xlink:type="resource" xlink:label="label255" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CommonStockSharesOutstanding_en-US">Common stock, shares outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element255" xlink:to="label255" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element256" />
        <label xlink:type="resource" xlink:label="label256" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockSharesOutstanding_en-US">Common Stock, Shares, Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element256" xlink:to="label256" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element257" />
        <label xlink:type="resource" xlink:label="label257" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_CommonStockSharesOutstanding_en-US">Balance, December 31</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element257" xlink:to="label257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="element258" />
        <label xlink:type="resource" xlink:label="label258" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_CommonStockSharesOutstanding_en-US">Balance, January 1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element258" xlink:to="label258" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract" xlink:label="element259" />
        <label xlink:type="resource" xlink:label="label259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CommonStockNumberOfSharesParValueAndOtherDisclosuresAbstract_en-US">Common Stock [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element259" xlink:to="label259" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="element260" />
        <label xlink:type="resource" xlink:label="label260" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CompensationAndRetirementDisclosureAbstract_en-US">EMPLOYEE BENEFIT PLANS [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element260" xlink:to="label260" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CompensationAndRetirementDisclosureAbstract" xlink:label="element261" />
        <label xlink:type="resource" xlink:label="label261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CompensationAndRetirementDisclosureAbstract_en-US">Employee Benefit Plans [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element261" xlink:to="label261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComponentsOfDeferredTaxAssetsAbstract" xlink:label="element262" />
        <label xlink:type="resource" xlink:label="label262" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComponentsOfDeferredTaxAssetsAbstract_en-US">Components of Deferred Tax Assets [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element262" xlink:to="label262" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComponentsOfIncomeTaxExpenseBenefitContinuingOperationsAbstract" xlink:label="element263" />
        <label xlink:type="resource" xlink:label="label263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComponentsOfIncomeTaxExpenseBenefitContinuingOperationsAbstract_en-US">Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element263" xlink:to="label263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract" xlink:label="element264" />
        <label xlink:type="resource" xlink:label="label264" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComponentsOfDeferredTaxLiabilitiesAbstract_en-US">Components of Deferred Tax Liabilities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element264" xlink:to="label264" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="element265" />
        <label xlink:type="resource" xlink:label="label265" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNoteTextBlock_en-US">Comprehensive Income (Loss) Note [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element265" xlink:to="label265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="element266" />
        <label xlink:type="resource" xlink:label="label266" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ComprehensiveIncomeNoteTextBlock_en-US">ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element266" xlink:to="label266" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element267" />
        <label xlink:type="resource" xlink:label="label267" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive income attributable to common shareholders</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element267" xlink:to="label267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element268" />
        <label xlink:type="resource" xlink:label="label268" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Parent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element268" xlink:to="label268" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="element269" />
        <label xlink:type="resource" xlink:label="label269" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ComprehensiveIncomeNetOfTax_en-US">Comprehensive Income of Emera Incorporated</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element269" xlink:to="label269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element270" />
        <label xlink:type="resource" xlink:label="label270" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US">Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element270" xlink:to="label270" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element271" />
        <label xlink:type="resource" xlink:label="label271" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US">Comprehensive income (loss) attributable to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element271" xlink:to="label271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="element272" />
        <label xlink:type="resource" xlink:label="label272" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest_en-US">Comprehensive income (loss) attributable to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element272" xlink:to="label272" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element273" />
        <label xlink:type="resource" xlink:label="label273" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_en-US">Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element273" xlink:to="label273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element274" />
        <label xlink:type="resource" xlink:label="label274" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_en-US">Comprehensive income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element274" xlink:to="label274" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ComputerSoftwareIntangibleAssetMember" xlink:label="element275" />
        <label xlink:type="resource" xlink:label="label275" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ComputerSoftwareIntangibleAssetMember_en-US">Computer Software, Intangible Asset [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element275" xlink:to="label275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="element276" />
        <label xlink:type="resource" xlink:label="label276" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskByBenchmarkAxis_en-US">Concentration Risk Benchmark [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element276" xlink:to="label276" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRisk" xlink:label="element277" />
        <label xlink:type="resource" xlink:label="label277" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConcentrationRiskCreditRiskFinancialInstrumentsOffBalanceSheetRisk_en-US">Concentration Risk, Credit Risk, Financial Instruments, Off-balance Sheet Risk</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element277" xlink:to="label277" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConcentrationRiskLineItems" xlink:label="element278" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedCashFlowStatementTable" xlink:label="element284" />
        <label xlink:type="resource" xlink:label="label284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedCashFlowStatementTable_en-US">Condensed Cash Flow Statement [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element284" xlink:to="label284" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock" xlink:label="element285" />
        <label xlink:type="resource" xlink:label="label285" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_en-US">Condensed Financial Information of Parent Company Only Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element285" xlink:to="label285" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedIncomeStatementTable" xlink:label="element286" />
        <label xlink:type="resource" xlink:label="label286" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedIncomeStatementTable_en-US">Condensed Income Statement [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element286" xlink:to="label286" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedBalanceSheetStatementTable" xlink:label="element287" />
        <label xlink:type="resource" xlink:label="label287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedBalanceSheetStatementTable_en-US">Condensed Balance Sheet Statement [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element287" xlink:to="label287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedIncomeStatementsCaptionsLineItems" xlink:label="element288" />
        <label xlink:type="resource" xlink:label="label288" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedIncomeStatementsCaptionsLineItems_en-US">Condensed Income Statements, Captions [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element288" xlink:to="label288" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems" xlink:label="element289" />
        <label xlink:type="resource" xlink:label="label289" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedBalanceSheetStatementsCaptionsLineItems_en-US">Condensed Balance Sheet Statements, Captions [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element289" xlink:to="label289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedCashFlowStatementsCaptionsLineItems" xlink:label="element290" />
        <label xlink:type="resource" xlink:label="label290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedCashFlowStatementsCaptionsLineItems_en-US">Condensed Cash Flow Statements, Captions [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element290" xlink:to="label290" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract" xlink:label="element291" />
        <label xlink:type="resource" xlink:label="label291" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract_en-US">Condensed Financial Information of Parent Company Only Disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element291" xlink:to="label291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="element292" />
        <label xlink:type="resource" xlink:label="label292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationPolicyTextBlock_en-US">Consolidation, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element292" xlink:to="label292" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationEliminationsMember" xlink:label="element293" />
        <label xlink:type="resource" xlink:label="label293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationEliminationsMember_en-US">Consolidation, Eliminations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element293" xlink:to="label293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationItemsAxis" xlink:label="element294" />
        <label xlink:type="resource" xlink:label="label294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsAxis_en-US">Consolidation Items [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element294" xlink:to="label294" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationItemsDomain" xlink:label="element295" />
        <label xlink:type="resource" xlink:label="label295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationItemsDomain_en-US">Consolidation Items [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element295" xlink:to="label295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy" xlink:label="element296" />
        <label xlink:type="resource" xlink:label="label296" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConsolidationVariableInterestEntityPolicy_en-US">Consolidation, Variable Interest Entity, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element296" xlink:to="label296" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConstructionInProgressMember" xlink:label="element297" />
        <label xlink:type="resource" xlink:label="label297" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConstructionInProgressMember_en-US">Construction in Progress [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element297" xlink:to="label297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInSecondYear" xlink:label="element298" />
        <label xlink:type="resource" xlink:label="label298" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationDueInSecondYear_en-US">Contractual Obligation, Due in Second Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element298" xlink:to="label298" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInFourthYear" xlink:label="element299" />
        <label xlink:type="resource" xlink:label="label299" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationDueInFourthYear_en-US">Contractual Obligation, Due in Fourth Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element299" xlink:to="label299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInNextTwelveMonths" xlink:label="element300" />
        <label xlink:type="resource" xlink:label="label300" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationDueInNextTwelveMonths_en-US">Contractual Obligation, Due in Next Fiscal Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element300" xlink:to="label300" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInThirdYear" xlink:label="element301" />
        <label xlink:type="resource" xlink:label="label301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationDueInThirdYear_en-US">Contractual Obligation, Due in Third Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element301" xlink:to="label301" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueAfterFifthYear" xlink:label="element302" />
        <label xlink:type="resource" xlink:label="label302" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationDueAfterFifthYear_en-US">Contractual Obligation, Due after Fifth Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element302" xlink:to="label302" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligationDueInFifthYear" xlink:label="element303" />
        <label xlink:type="resource" xlink:label="label303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligationDueInFifthYear_en-US">Contractual Obligation, Due in Fifth Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element303" xlink:to="label303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ContractualObligation" xlink:label="element304" />
        <label xlink:type="resource" xlink:label="label304" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ContractualObligation_en-US">Contractual Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element304" xlink:to="label304" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConversionOfStockSharesConverted1" xlink:label="element305" />
        <label xlink:type="resource" xlink:label="label305" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConversionOfStockSharesConverted1_en-US">Conversion of Stock, Shares Converted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element305" xlink:to="label305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConversionOfStockSharesConverted1" xlink:label="element306" />
        <label xlink:type="resource" xlink:label="label306" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ConversionOfStockSharesConverted1_en-US">Conversion of Stock, Shares Converted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element306" xlink:to="label306" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleDebt" xlink:label="element307" />
        <label xlink:type="resource" xlink:label="label307" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertibleDebt_en-US">Convertible Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element307" xlink:to="label307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleDebtMember" xlink:label="element308" />
        <label xlink:type="resource" xlink:label="label308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertibleDebtMember_en-US">Convertible Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element308" xlink:to="label308" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleSubordinatedDebtMember" xlink:label="element309" />
        <label xlink:type="resource" xlink:label="label309" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertibleSubordinatedDebtMember_en-US">Convertible Subordinated Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element309" xlink:to="label309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleDebtNoncurrent" xlink:label="element310" />
        <label xlink:type="resource" xlink:label="label310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ConvertibleDebtNoncurrent_en-US">Convertible Debt, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element310" xlink:to="label310" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ConvertibleDebtNoncurrent" xlink:label="element311" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element311" xlink:to="label311" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element312" xlink:to="label312" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CorporateAndOtherMember" xlink:label="element313" />
        <label xlink:type="resource" xlink:label="label313" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CorporateAndOtherMember_en-US">Corporate and Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element313" xlink:to="label313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfDomesticRegulatedElectric" xlink:label="element314" />
        <label xlink:type="resource" xlink:label="label314" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CostOfDomesticRegulatedElectric_en-US">Regulated Fuel for Generation and Purchased Power</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element314" xlink:to="label314" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfDomesticRegulatedElectric" xlink:label="element315" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfDomesticRegulatedGasRevenue" xlink:label="element317" />
        <label xlink:type="resource" xlink:label="label317" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CostOfDomesticRegulatedGasRevenue_en-US">Regulated cost of natural gas</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element317" xlink:to="label317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostOfSalesMember" xlink:label="element318" />
        <label xlink:type="resource" xlink:label="label318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CostOfSalesMember_en-US">Cost of Sales [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element318" xlink:to="label318" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="element319" />
        <label xlink:type="resource" xlink:label="label319" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CostsAndExpensesAbstract_en-US">Operating expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element319" xlink:to="label319" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="element320" />
        <label xlink:type="resource" xlink:label="label320" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CostsAndExpensesAbstract_en-US">Costs and Expenses [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element320" xlink:to="label320" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="element321" />
        <label xlink:type="resource" xlink:label="label321" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_CostsAndExpenses_en-US">Total operating expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element321" xlink:to="label321" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="element322" />
        <label xlink:type="resource" xlink:label="label322" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CostsAndExpenses_en-US">Costs and Expenses, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element322" xlink:to="label322" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CostsAndExpenses" xlink:label="element323" />
        <label xlink:type="resource" xlink:label="label323" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_CostsAndExpenses_en-US">Total operating expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element323" xlink:to="label323" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditDerivativeCollateralHeldDirectlyOrByThirdParties" xlink:label="element324" />
        <label xlink:type="resource" xlink:label="label324" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditDerivativeCollateralHeldDirectlyOrByThirdParties_en-US">Credit Derivative, Collateral Held Directly or by Third Parties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element324" xlink:to="label324" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditDerivativesLineItems" xlink:label="element325" />
        <label xlink:type="resource" xlink:label="label325" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditDerivativesLineItems_en-US">Credit Derivatives [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element325" xlink:to="label325" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityAxis" xlink:label="element326" />
        <label xlink:type="resource" xlink:label="label326" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditFacilityAxis_en-US">Credit Facility [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element326" xlink:to="label326" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CreditFacilityDomain" xlink:label="element327" />
        <label xlink:type="resource" xlink:label="label327" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CreditFacilityDomain_en-US">Credit Facility [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element327" xlink:to="label327" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CrudeOilMember" xlink:label="element328" />
        <label xlink:type="resource" xlink:label="label328" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CrudeOilMember_en-US">CrudeOilMember</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element328" xlink:to="label328" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CumulativePreferredStockMember" xlink:label="element329" />
        <label xlink:type="resource" xlink:label="label329" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CumulativePreferredStockMember_en-US">Cumulative Preferred Stock [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element329" xlink:to="label329" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CumulativePreferredStockMember" xlink:label="element330" />
        <label xlink:type="resource" xlink:label="label330" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CumulativePreferredStockMember_en-US">Non-voting Cumulative Redeemable Variable Perpetual Preferred Shares [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element330" xlink:to="label330" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="element331" />
        <label xlink:type="resource" xlink:label="label331" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_CurrentIncomeTaxExpenseBenefit_en-US">Current Income Tax Expense (Benefit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element331" xlink:to="label331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_CurrentIncomeTaxExpenseBenefit" xlink:label="element332" />
        <label xlink:type="resource" xlink:label="label332" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_CurrentIncomeTaxExpenseBenefit_en-US">Current income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element332" xlink:to="label332" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="element333" />
        <label xlink:type="resource" xlink:label="label333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DesignatedAsHedgingInstrumentMember_en-US">Designated as Hedging Instrument [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element333" xlink:to="label333" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="element334" />
        <label xlink:type="resource" xlink:label="label334" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentLineItems_en-US">Debt Instrument [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element334" xlink:to="label334" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="element335" />
        <label xlink:type="resource" xlink:label="label335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleConversionRatio1_en-US">Debt Instrument, Convertible, Conversion Ratio</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element335" xlink:to="label335" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionRatio1" xlink:label="element336" />
        <label xlink:type="resource" xlink:label="label336" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentConvertibleConversionRatio1_en-US">Debt Instrument, Convertible, Conversion Ratio</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element336" xlink:to="label336" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleConversionPrice1" xlink:label="element337" />
        <label xlink:type="resource" xlink:label="label337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleConversionPrice1_en-US">Debt Instrument, Convertible, Conversion Price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element337" xlink:to="label337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRepurchasedFaceAmount" xlink:label="element338" />
        <label xlink:type="resource" xlink:label="label338" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentRepurchasedFaceAmount_en-US">Debt Instrument, Repurchased Face Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element338" xlink:to="label338" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate" xlink:label="element339" />
        <label xlink:type="resource" xlink:label="label339" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtWeightedAverageInterestRate_en-US">Weighted average interest rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element339" xlink:to="label339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="element340" />
        <label xlink:type="resource" xlink:label="label340" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtDisclosureAbstract_en-US">Short-Term Debt/Long-Term Debt [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element340" xlink:to="label340" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="element341" />
        <label xlink:type="resource" xlink:label="label341" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_en-US">Debt Instrument, Description of Variable Rate Basis</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element341" xlink:to="label341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentDescriptionOfVariableRateBasis" xlink:label="element342" />
        <label xlink:type="resource" xlink:label="label342" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentDescriptionOfVariableRateBasis_en-US">Variable rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element342" xlink:to="label342" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="element343" />
        <label xlink:type="resource" xlink:label="label343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTerm_en-US">Debt Instrument, Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element343" xlink:to="label343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="element344" />
        <label xlink:type="resource" xlink:label="label344" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentTable_en-US">Schedule of Long-term Debt Instruments [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element344" xlink:to="label344" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="element345" />
        <label xlink:type="resource" xlink:label="label345" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentAxis_en-US">Debt Instrument [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element345" xlink:to="label345" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleThresholdTradingDays" xlink:label="element346" />
        <label xlink:type="resource" xlink:label="label346" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleThresholdTradingDays_en-US">Debt Instrument, Convertible, Threshold Trading Days</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element346" xlink:to="label346" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="element347" />
        <label xlink:type="resource" xlink:label="label347" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentCarryingAmount_en-US">Long-term Debt, Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element347" xlink:to="label347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="element348" />
        <label xlink:type="resource" xlink:label="label348" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_en-US">Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element348" xlink:to="label348" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed" xlink:label="element349" />
        <label xlink:type="resource" xlink:label="label349" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentRedemptionPricePercentageOfPrincipalAmountRedeemed_en-US">Redemption price percentage of principal amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element349" xlink:to="label349" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1" xlink:label="element350" />
        <label xlink:type="resource" xlink:label="label350" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_en-US">Debt Instrument, Basis Spread on Variable Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element350" xlink:to="label350" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="element351" />
        <label xlink:type="resource" xlink:label="label351" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentFaceAmount_en-US">Debt Instrument, Face Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element351" xlink:to="label351" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="element352" />
        <label xlink:type="resource" xlink:label="label352" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentNameDomain_en-US">Debt Instrument, Name [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element352" xlink:to="label352" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentMaturityDateDescription" xlink:label="element353" />
        <label xlink:type="resource" xlink:label="label353" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentMaturityDateDescription_en-US">Debt Instrument, Maturity Date, Description</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element353" xlink:to="label353" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="element354" />
        <label xlink:type="resource" xlink:label="label354" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateStatedPercentage_en-US">Debt Instrument, Interest Rate, Stated Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element354" xlink:to="label354" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentMaturityDate" xlink:label="element355" />
        <label xlink:type="resource" xlink:label="label355" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentMaturityDate_en-US">Debt Instrument, Maturity Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element355" xlink:to="label355" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature" xlink:label="element356" />
        <label xlink:type="resource" xlink:label="label356" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature_en-US">Debt Instrument, Convertible, Beneficial Conversion Feature</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element356" xlink:to="label356" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature" xlink:label="element357" />
        <label xlink:type="resource" xlink:label="label357" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature_en-US">Beneficial conversion feature, net of tax (note 9)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element357" xlink:to="label357" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature" xlink:label="element358" />
        <label xlink:type="resource" xlink:label="label358" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature_en-US">Beneficial Conversion Feature</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element358" xlink:to="label358" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DebtInstrumentInterestRateEffectivePercentage" xlink:label="element359" />
        <label xlink:type="resource" xlink:label="label359" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DebtInstrumentInterestRateEffectivePercentage_en-US">Debt Instrument, Interest Rate, Effective Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element359" xlink:to="label359" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets" xlink:label="element360" />
        <label xlink:type="resource" xlink:label="label360" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsGoodwillAndIntangibleAssets_en-US">Deferred Tax Assets, Goodwill and Intangible Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element360" xlink:to="label360" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredDerivativeGainLossMember" xlink:label="element361" />
        <label xlink:type="resource" xlink:label="label361" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredDerivativeGainLossMember_en-US">Deferrals related to derivative instruments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element361" xlink:to="label361" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock" xlink:label="element362" />
        <label xlink:type="resource" xlink:label="label362" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_en-US">Prepayment and other current assets [ Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element362" xlink:to="label362" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxChargesMember" xlink:label="element363" />
        <label xlink:type="resource" xlink:label="label363" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredIncomeTaxChargesMember_en-US">Deferred income tax regulatory assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element363" xlink:to="label363" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="element364" />
        <label xlink:type="resource" xlink:label="label364" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredFinanceCostsNet_en-US">Debt issuance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element364" xlink:to="label364" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="element365" />
        <label xlink:type="resource" xlink:label="label365" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredFinanceCostsNet_en-US">Debt issuance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element365" xlink:to="label365" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="element366" />
        <label xlink:type="resource" xlink:label="label366" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred income taxes, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element366" xlink:to="label366" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="element367" />
        <label xlink:type="resource" xlink:label="label367" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred Income Tax Expense (Benefit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element367" xlink:to="label367" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxExpenseBenefit" xlink:label="element368" />
        <label xlink:type="resource" xlink:label="label368" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredIncomeTaxExpenseBenefit_en-US">Deferred income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element368" xlink:to="label368" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="element369" />
        <label xlink:type="resource" xlink:label="label369" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredIncomeTaxLiabilities_en-US">Deferred Tax Liabilities, Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element369" xlink:to="label369" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredIncomeTaxLiabilities" xlink:label="element370" />
        <label xlink:type="resource" xlink:label="label370" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_DeferredIncomeTaxLiabilities_en-US">Deferred Tax Liabilities, Gross, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element370" xlink:to="label370" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="element371" />
        <label xlink:type="resource" xlink:label="label371" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNet_en-US">Deferred Tax Assets, Net of Valuation Allowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element371" xlink:to="label371" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="element372" />
        <label xlink:type="resource" xlink:label="label372" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredTaxAssetsNet_en-US">Deferred Tax Assets, Net of Valuation Allowance, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element372" xlink:to="label372" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsOperatingLossCarryforwards" xlink:label="element373" />
        <label xlink:type="resource" xlink:label="label373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsOperatingLossCarryforwards_en-US">Deferred Tax Assets, Operating Loss Carryforwards</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element373" xlink:to="label373" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent" xlink:label="element374" />
        <label xlink:type="resource" xlink:label="label374" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent_en-US">Deferred Tax Assets, Net, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element374" xlink:to="label374" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent" xlink:label="element375" />
        <label xlink:type="resource" xlink:label="label375" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent_en-US">Deferred Tax Assets (Liabilities), Net, Noncurrent, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element375" xlink:to="label375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent" xlink:label="element376" />
        <label xlink:type="resource" xlink:label="label376" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredTaxAssetsLiabilitiesNetNoncurrent_en-US">Deferred income taxes (note 8)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element376" xlink:to="label376" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="element377" />
        <label xlink:type="resource" xlink:label="label377" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsGross_en-US">Deferred Tax Assets, Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element377" xlink:to="label377" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsGross" xlink:label="element378" />
        <label xlink:type="resource" xlink:label="label378" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredTaxAssetsGross_en-US">Deferred Tax Assets, Gross, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element378" xlink:to="label378" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="element379" />
        <label xlink:type="resource" xlink:label="label379" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsNetNoncurrent_en-US">Deferred Tax Assets, Net of Valuation Allowance, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element379" xlink:to="label379" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="element380" />
        <label xlink:type="resource" xlink:label="label380" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DeferredTaxAssetsNetNoncurrent_en-US">Deferred Tax Assets, Net, Noncurrent, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element380" xlink:to="label380" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="element381" />
        <label xlink:type="resource" xlink:label="label381" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredTaxAssetsNetNoncurrent_en-US">Deferred income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element381" xlink:to="label381" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsDerivativeInstruments" xlink:label="element382" />
        <label xlink:type="resource" xlink:label="label382" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsDerivativeInstruments_en-US">Deferred Tax Assets, Derivative Instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element382" xlink:to="label382" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits" xlink:label="element383" />
        <label xlink:type="resource" xlink:label="label383" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits_en-US">Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Postretirement Benefits</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element383" xlink:to="label383" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits" xlink:label="element384" />
        <label xlink:type="resource" xlink:label="label384" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPostretirementBenefits_en-US">Pension and post-retirement liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element384" xlink:to="label384" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsRegulatoryAssetsAndLiabilities" xlink:label="element385" />
        <label xlink:type="resource" xlink:label="label385" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsRegulatoryAssetsAndLiabilities_en-US">Deferred Tax Assets, Regulatory Assets and Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element385" xlink:to="label385" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsRegulatoryAssetsAndLiabilities" xlink:label="element386" />
        <label xlink:type="resource" xlink:label="label386" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsRegulatoryAssetsAndLiabilities_en-US">Regulatory liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element386" xlink:to="label386" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:label="element387" />
        <label xlink:type="resource" xlink:label="label387" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations_en-US">Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Asset Retirement Obligations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element387" xlink:to="label387" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations" xlink:label="element388" />
        <label xlink:type="resource" xlink:label="label388" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations_en-US">Asset retirement obligations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element388" xlink:to="label388" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsOther" xlink:label="element389" />
        <label xlink:type="resource" xlink:label="label389" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsOther_en-US">Deferred Tax Assets, Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element389" xlink:to="label389" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsTaxCreditCarryforwards" xlink:label="element390" />
        <label xlink:type="resource" xlink:label="label390" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsTaxCreditCarryforwards_en-US">Deferred Tax Assets, Tax Credit Carryforwards</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesRegulatoryAssetsAndLiabilities" xlink:label="element392" />
        <label xlink:type="resource" xlink:label="label392" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesRegulatoryAssetsAndLiabilities_en-US">Deferred Tax Liabilities, Regulatory Assets and Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element392" xlink:to="label392" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="element393" />
        <label xlink:type="resource" xlink:label="label393" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesNoncurrent_en-US">Deferred Tax Liabilities, Net, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element393" xlink:to="label393" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="element394" />
        <label xlink:type="resource" xlink:label="label394" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredTaxLiabilitiesNoncurrent_en-US">Deferred income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element394" xlink:to="label394" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="element395" />
        <label xlink:type="resource" xlink:label="label395" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredTaxLiabilitiesNoncurrent_en-US">Deferred Tax Liabilities, Net, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element395" xlink:to="label395" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesOther" xlink:label="element396" />
        <label xlink:type="resource" xlink:label="label396" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesOther_en-US">Deferred Tax Liabilities, Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element396" xlink:to="label396" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesOther" xlink:label="element397" />
        <label xlink:type="resource" xlink:label="label397" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredTaxLiabilitiesOther_en-US">Deferred Tax Liabilities, Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element397" xlink:to="label397" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesCurrent" xlink:label="element398" />
        <label xlink:type="resource" xlink:label="label398" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesCurrent_en-US">Deferred Tax Liabilities, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element398" xlink:to="label398" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesCurrent" xlink:label="element399" />
        <label xlink:type="resource" xlink:label="label399" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DeferredTaxLiabilitiesCurrent_en-US">Deferred income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element399" xlink:to="label399" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:label="element400" />
        <label xlink:type="resource" xlink:label="label400" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_en-US">Deferred Tax Liabilities, Leasing Arrangements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element400" xlink:to="label400" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesLeasingArrangements" xlink:label="element401" />
        <label xlink:type="resource" xlink:label="label401" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredTaxLiabilitiesLeasingArrangements_en-US">Deferred Tax Liabilities, Leasing Arrangements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element401" xlink:to="label401" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesDerivatives" xlink:label="element402" />
        <label xlink:type="resource" xlink:label="label402" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesDerivatives_en-US">Deferred Tax Liabilities, Derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element402" xlink:to="label402" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesDerivatives" xlink:label="element403" />
        <label xlink:type="resource" xlink:label="label403" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredTaxLiabilitiesDerivatives_en-US">Deferred Tax Liabilities, Derivatives</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element403" xlink:to="label403" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:label="element404" />
        <label xlink:type="resource" xlink:label="label404" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_en-US">Deferred Tax Liabilities, Property, Plant and Equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element404" xlink:to="label404" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment" xlink:label="element405" />
        <label xlink:type="resource" xlink:label="label405" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment_en-US">Deferred Tax Liabilities, Property, Plant and Equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element405" xlink:to="label405" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="element406" />
        <label xlink:type="resource" xlink:label="label406" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DeferredTaxAssetsValuationAllowance_en-US">Deferred Tax Assets, Valuation Allowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element406" xlink:to="label406" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DeferredTaxAssetsValuationAllowance" xlink:label="element407" />
        <label xlink:type="resource" xlink:label="label407" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DeferredTaxAssetsValuationAllowance_en-US">Deferred Tax Assets, Valuation Allowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element407" xlink:to="label407" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths" xlink:label="element408" />
        <label xlink:type="resource" xlink:label="label408" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths_en-US">Defined Benefit Plan, Expected Future Benefit Payments, 2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element408" xlink:to="label408" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanTargetPlanAssetAllocationsRangeMinimum" xlink:label="element409" />
        <label xlink:type="resource" xlink:label="label409" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanTargetPlanAssetAllocationsRangeMinimum_en-US">Defined Benefit Plan, Target Plan Asset Allocations Range Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element409" xlink:to="label409" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xlink:label="element410" />
        <label xlink:type="resource" xlink:label="label410" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_en-US">Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element410" xlink:to="label410" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xlink:label="element411" />
        <label xlink:type="resource" xlink:label="label411" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_en-US">Balance, January 1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element411" xlink:to="label411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xlink:label="element412" />
        <label xlink:type="resource" xlink:label="label412" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_en-US">Balance, December 31</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element412" xlink:to="label412" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax" xlink:label="element413" />
        <label xlink:type="resource" xlink:label="label413" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax_en-US">Accumulated Other Comprehensive Income (Loss), before Tax, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element413" xlink:to="label413" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree" xlink:label="element414" />
        <label xlink:type="resource" xlink:label="label414" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree_en-US">Defined Benefit Plan, Expected Future Benefit Payments, 2019</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element414" xlink:to="label414" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate" xlink:label="element415" />
        <label xlink:type="resource" xlink:label="label415" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate_en-US">Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element415" xlink:to="label415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlansEstimatedFutureEmployerContributionsInNextFiscalYear" xlink:label="element416" />
        <label xlink:type="resource" xlink:label="label416" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlansEstimatedFutureEmployerContributionsInNextFiscalYear_en-US">Defined Benefit Plans, Estimated Future Employer Contributions in 2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element416" xlink:to="label416" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo" xlink:label="element417" />
        <label xlink:type="resource" xlink:label="label417" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo_en-US">Defined Benefit Plan, Expected Future Benefit Payments, 2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element417" xlink:to="label417" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear" xlink:label="element418" />
        <label xlink:type="resource" xlink:label="label418" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear_en-US">Defined Benefit Plan, Amount to be Amortized from Accumulated Other Comprehensive Income (Loss) Next Fiscal Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element418" xlink:to="label418" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear" xlink:label="element419" />
        <label xlink:type="resource" xlink:label="label419" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DefinedBenefitPlanAmountToBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossNextFiscalYear_en-US">Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element419" xlink:to="label419" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="element420" />
        <label xlink:type="resource" xlink:label="label420" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_en-US">Defined Benefit Plan, Amortization of Gains (Losses)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element420" xlink:to="label420" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses" xlink:label="element421" />
        <label xlink:type="resource" xlink:label="label421" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses_en-US">Defined Benefit Plan, Amortization of Gains (Losses)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element421" xlink:to="label421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease" xlink:label="element422" />
        <label xlink:type="resource" xlink:label="label422" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease_en-US">Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element422" xlink:to="label422" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets" xlink:label="element423" />
        <label xlink:type="resource" xlink:label="label423" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanActualReturnOnPlanAssets_en-US">Defined Benefit Plan, Actual Return on Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element423" xlink:to="label423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax" xlink:label="element424" />
        <label xlink:type="resource" xlink:label="label424" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax_en-US">Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element424" xlink:to="label424" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax" xlink:label="element425" />
        <label xlink:type="resource" xlink:label="label425" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax_en-US">Amortized in current period, Net Prior Service Cost (Credit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element425" xlink:to="label425" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter" xlink:label="element426" />
        <label xlink:type="resource" xlink:label="label426" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter_en-US">Defined Benefit Plan, Expected Future Benefit Payments, 2022-20206</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element426" xlink:to="label426" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanActuarialGainLoss" xlink:label="element427" />
        <label xlink:type="resource" xlink:label="label427" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanActuarialGainLoss_en-US">Defined Benefit Plan, Actuarial Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element427" xlink:to="label427" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit" xlink:label="element428" />
        <label xlink:type="resource" xlink:label="label428" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanFutureAmortizationOfPriorServiceCostCredit_en-US">Defined Benefit Plan, Future Amortization of Prior Service Cost (Credit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element428" xlink:to="label428" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax" xlink:label="element429" />
        <label xlink:type="resource" xlink:label="label429" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax_en-US">Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Gains (Losses), before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element429" xlink:to="label429" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax" xlink:label="element430" />
        <label xlink:type="resource" xlink:label="label430" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax_en-US">Actuarial losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element430" xlink:to="label430" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax" xlink:label="element431" />
        <label xlink:type="resource" xlink:label="label431" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax_en-US">Actuarial losses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element431" xlink:to="label431" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit" xlink:label="element432" />
        <label xlink:type="resource" xlink:label="label432" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit_en-US">Defined Benefit Plan, Amortization of Prior Service Cost (Credit)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element432" xlink:to="label432" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1" xlink:label="element433" />
        <label xlink:type="resource" xlink:label="label433" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1_en-US">Defined Benefit Plan, Effect of One Percentage Point Decrease on Service and Interest Cost Components</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element433" xlink:to="label433" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFutureAmortizationOfGainLoss" xlink:label="element434" />
        <label xlink:type="resource" xlink:label="label434" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanFutureAmortizationOfGainLoss_en-US">Defined Benefit Plan, Future Amortization of Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element434" xlink:to="label434" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFutureAmortizationOfGainLoss" xlink:label="element435" />
        <label xlink:type="resource" xlink:label="label435" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DefinedBenefitPlanFutureAmortizationOfGainLoss_en-US">Defined Benefit Plan, Future Amortization of Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element435" xlink:to="label435" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax" xlink:label="element436" />
        <label xlink:type="resource" xlink:label="label436" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax_en-US">Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element436" xlink:to="label436" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax" xlink:label="element437" />
        <label xlink:type="resource" xlink:label="label437" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanAmountsRecognizedInOtherComprehensiveIncomeLossNetGainLossBeforeTax_en-US">Amortized in current period, Net Actuarial Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element437" xlink:to="label437" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive" xlink:label="element438" />
        <label xlink:type="resource" xlink:label="label438" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive_en-US">Defined Benefit Plan, Expected Future Benefit Payments, 2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element438" xlink:to="label438" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount" xlink:label="element439" />
        <label xlink:type="resource" xlink:label="label439" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount_en-US">Contribution Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element439" xlink:to="label439" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet" xlink:label="element440" />
        <label xlink:type="resource" xlink:label="label440" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet_en-US">Defined Benefit Plan, Amounts Recognized in Balance Sheet</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element440" xlink:to="label440" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet" xlink:label="element441" />
        <label xlink:type="resource" xlink:label="label441" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DefinedBenefitPlanAmountsRecognizedInBalanceSheet_en-US">Defined Benefit Plan, Amounts Recognized in Balance Sheet, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element441" xlink:to="label441" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanTargetPlanAssetAllocationsRangeMaximum" xlink:label="element442" />
        <label xlink:type="resource" xlink:label="label442" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanTargetPlanAssetAllocationsRangeMaximum_en-US">Defined Benefit Plan, Target Plan Asset Allocations Range Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element442" xlink:to="label442" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedBenefitObligation" xlink:label="element443" />
        <label xlink:type="resource" xlink:label="label443" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAccumulatedBenefitObligation_en-US">Defined Benefit Plan, Accumulated Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element443" xlink:to="label443" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanDisclosureLineItems" xlink:label="element444" />
        <label xlink:type="resource" xlink:label="label444" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanDisclosureLineItems_en-US">Defined Benefit Plan Disclosure [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element444" xlink:to="label444" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour" xlink:label="element445" />
        <label xlink:type="resource" xlink:label="label445" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour_en-US">Defined Benefit Plan, Expected Future Benefit Payments, 2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element445" xlink:to="label445" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate" xlink:label="element446" />
        <label xlink:type="resource" xlink:label="label446" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate_en-US">Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element446" xlink:to="label446" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease" xlink:label="element447" />
        <label xlink:type="resource" xlink:label="label447" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease_en-US">Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element447" xlink:to="label447" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets" xlink:label="element448" />
        <label xlink:type="resource" xlink:label="label448" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets_en-US">Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element448" xlink:to="label448" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1" xlink:label="element449" />
        <label xlink:type="resource" xlink:label="label449" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1_en-US">Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element449" xlink:to="label449" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xlink:label="element450" />
        <label xlink:type="resource" xlink:label="label450" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_en-US">Defined Benefit Plan, Fair Value of Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element450" xlink:to="label450" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xlink:label="element451" />
        <label xlink:type="resource" xlink:label="label451" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_en-US">Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element451" xlink:to="label451" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFairValueOfPlanAssets" xlink:label="element452" />
        <label xlink:type="resource" xlink:label="label452" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_DefinedBenefitPlanFairValueOfPlanAssets_en-US">Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element452" xlink:to="label452" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation" xlink:label="element453" />
        <label xlink:type="resource" xlink:label="label453" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation_en-US">Defined Benefit Plan, Business Combinations and Acquisitions, Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element453" xlink:to="label453" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation" xlink:label="element454" />
        <label xlink:type="resource" xlink:label="label454" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation_en-US">Addition of Teco</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element454" xlink:to="label454" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitObligation" xlink:label="element455" />
        <label xlink:type="resource" xlink:label="label455" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanBenefitObligation_en-US">Defined Benefit Plan, Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element455" xlink:to="label455" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitObligation" xlink:label="element456" />
        <label xlink:type="resource" xlink:label="label456" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_DefinedBenefitPlanBenefitObligation_en-US">Defined Benefit Plan, Benefit Obligation, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element456" xlink:to="label456" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitObligation" xlink:label="element457" />
        <label xlink:type="resource" xlink:label="label457" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_DefinedBenefitPlanBenefitObligation_en-US">Defined Benefit Plan, Benefit Obligation, Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element457" xlink:to="label457" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward" xlink:label="element458" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element458" xlink:to="label458" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element459" xlink:to="label459" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesAbstract" xlink:label="element460" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element460" xlink:to="label460" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFundedStatusOfPlanAbstract" xlink:label="element461" />
        <label xlink:type="resource" xlink:label="label461" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanFundedStatusOfPlanAbstract_en-US">Defined Benefit Plan, Funded Status of Plan [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element461" xlink:to="label461" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByPlanParticipants" xlink:label="element462" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element462" xlink:to="label462" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation" xlink:label="element463" />
        <label xlink:type="resource" xlink:label="label463" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation_en-US">Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element463" xlink:to="label463" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents" xlink:label="element464" />
        <label xlink:type="resource" xlink:label="label464" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents_en-US">Defined Benefit Plan, Effect of One Percentage Point Increase on Service and Interest Cost Components</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element464" xlink:to="label464" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="element465" />
        <label xlink:type="resource" xlink:label="label465" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_en-US">Defined Benefit Plan, Expected Return on Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element465" xlink:to="label465" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets" xlink:label="element466" />
        <label xlink:type="resource" xlink:label="label466" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets_en-US">Defined Benefit Plan, Expected Return on Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element466" xlink:to="label466" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanInterestCost" xlink:label="element467" />
        <label xlink:type="resource" xlink:label="label467" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanInterestCost_en-US">Defined Benefit Plan, Interest Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element467" xlink:to="label467" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanFundedStatusOfPlan" xlink:label="element468" />
        <label xlink:type="resource" xlink:label="label468" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanFundedStatusOfPlan_en-US">Defined Benefit Plan, Funded Status of Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element468" xlink:to="label468" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets" xlink:label="element469" />
        <label xlink:type="resource" xlink:label="label469" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets_en-US">Defined Benefit Plan, Foreign Currency Exchange Rate Changes, Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element469" xlink:to="label469" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanContributionsByEmployer" xlink:label="element470" />
        <label xlink:type="resource" xlink:label="label470" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanContributionsByEmployer_en-US">Defined Benefit Plan, Contributions by Employer</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element470" xlink:to="label470" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitsPaid" xlink:label="element471" />
        <label xlink:type="resource" xlink:label="label471" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanBenefitsPaid_en-US">Defined Benefit Plan, Benefits Paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element471" xlink:to="label471" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBenefitsPaid" xlink:label="element472" />
        <label xlink:type="resource" xlink:label="label472" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DefinedBenefitPlanBenefitsPaid_en-US">Benefits Paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element472" xlink:to="label472" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward" xlink:label="element473" />
        <label xlink:type="resource" xlink:label="label473" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanChangeInBenefitObligationRollForward_en-US">Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element473" xlink:to="label473" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsPlanAssets" xlink:label="element474" />
        <label xlink:type="resource" xlink:label="label474" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsPlanAssets_en-US">Defined Benefit Plan, Business Combinations and Acquisitions, Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element474" xlink:to="label474" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsPlanAssets" xlink:label="element475" />
        <label xlink:type="resource" xlink:label="label475" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanBusinessCombinationsAndAcquisitionsPlanAssets_en-US">Addition of Teco</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element475" xlink:to="label475" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssumptionsUsedInCalculationsAbstract" xlink:label="element476" />
        <label xlink:type="resource" xlink:label="label476" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAssumptionsUsedInCalculationsAbstract_en-US">Defined Benefit Plan, Assumptions Used in Calculations [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element476" xlink:to="label476" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract" xlink:label="element477" />
        <label xlink:type="resource" xlink:label="label477" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract_en-US">Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element477" xlink:to="label477" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="element478" />
        <label xlink:type="resource" xlink:label="label478" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_en-US">Defined Benefit Plan, Net Periodic Benefit Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element478" xlink:to="label478" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost" xlink:label="element479" />
        <label xlink:type="resource" xlink:label="label479" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost_en-US">Net Periodic Benefit Cost, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element479" xlink:to="label479" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPlanAmendments" xlink:label="element480" />
        <label xlink:type="resource" xlink:label="label480" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanPlanAmendments_en-US">Defined Benefit Plan, Plan Amendments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element480" xlink:to="label480" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation" xlink:label="element481" />
        <label xlink:type="resource" xlink:label="label481" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation_en-US">Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element481" xlink:to="label481" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation" xlink:label="element482" />
        <label xlink:type="resource" xlink:label="label482" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation_en-US">Aggregate Projected Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element482" xlink:to="label482" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets" xlink:label="element483" />
        <label xlink:type="resource" xlink:label="label483" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets_en-US">Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element483" xlink:to="label483" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets" xlink:label="element484" />
        <label xlink:type="resource" xlink:label="label484" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets_en-US">Fair Value of Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element484" xlink:to="label484" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation" xlink:label="element485" />
        <label xlink:type="resource" xlink:label="label485" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation_en-US">Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets, Aggregate Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element485" xlink:to="label485" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation" xlink:label="element486" />
        <label xlink:type="resource" xlink:label="label486" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateBenefitObligation_en-US">ABO</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element486" xlink:to="label486" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlansDomain" xlink:label="element487" />
        <label xlink:type="resource" xlink:label="label487" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlansDomain_en-US">Defined Benefit Plan and Other Postretirement Benefit Plan [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element487" xlink:to="label487" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis" xlink:label="element488" />
        <label xlink:type="resource" xlink:label="label488" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis_en-US">Defined Benefit Plan, Asset Categories [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element488" xlink:to="label488" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract" xlink:label="element489" />
        <label xlink:type="resource" xlink:label="label489" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract_en-US">Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element489" xlink:to="label489" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanWeightedAverageAssetAllocations" xlink:label="element490" />
        <label xlink:type="resource" xlink:label="label490" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanWeightedAverageAssetAllocations_en-US">Defined Benefit Plan, Actual Plan Asset Allocations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element490" xlink:to="label490" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent" xlink:label="element491" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element491" xlink:to="label491" />
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        <label xlink:type="resource" xlink:label="label493" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation_en-US">Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element493" xlink:to="label493" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation" xlink:label="element494" />
        <label xlink:type="resource" xlink:label="label494" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation_en-US">ABO for defined pension plans</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanServiceCost" xlink:label="element495" />
        <label xlink:type="resource" xlink:label="label495" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanServiceCost_en-US">Defined Benefit Plan, Service Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element495" xlink:to="label495" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets" xlink:label="element496" />
        <label xlink:type="resource" xlink:label="label496" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets_en-US">Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element496" xlink:to="label496" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets" xlink:label="element497" />
        <label xlink:type="resource" xlink:label="label497" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets_en-US">Aggregate Fair Value of Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element497" xlink:to="label497" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis" xlink:label="element498" />
        <label xlink:type="resource" xlink:label="label498" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlansDisclosuresDefinedBenefitPlansAxis_en-US">Defined Benefit Plans and Other Postretirement Benefit Plans [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element498" xlink:to="label498" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax" xlink:label="element499" />
        <label xlink:type="resource" xlink:label="label499" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax_en-US">Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), Net Prior Service Cost (Credit), before Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element499" xlink:to="label499" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax" xlink:label="element500" />
        <label xlink:type="resource" xlink:label="label500" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax_en-US">Past service (gains)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element500" xlink:to="label500" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock" xlink:label="element501" />
        <label xlink:type="resource" xlink:label="label501" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DepreciationDepletionAndAmortizationPolicyTextBlock_en-US">Depreciation, Depletion, and Amortization [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element501" xlink:to="label501" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="element502" />
        <label xlink:type="resource" xlink:label="label502" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DepreciationDepletionAndAmortization_en-US">Depreciation, Depletion and Amortization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element502" xlink:to="label502" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Depreciation" xlink:label="element503" />
        <label xlink:type="resource" xlink:label="label503" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Depreciation_en-US">Depreciation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element503" xlink:to="label503" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAverageForwardExchangeRate1" xlink:label="element504" />
        <label xlink:type="resource" xlink:label="label504" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeAverageForwardExchangeRate1_en-US">Derivative, Average Forward Exchange Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element504" xlink:to="label504" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure" xlink:label="element505" />
        <label xlink:type="resource" xlink:label="label505" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeNonmonetaryNotionalAmountEnergyMeasure_en-US">Derivative, Nonmonetary Notional Amount, Energy Measure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element505" xlink:to="label505" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent" xlink:label="element506" />
        <label xlink:type="resource" xlink:label="label506" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent_en-US">Derivative Instruments and Hedges Liabilities Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element506" xlink:to="label506" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent" xlink:label="element507" />
        <label xlink:type="resource" xlink:label="label507" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent_en-US">Derivative instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element507" xlink:to="label507" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="element508" />
        <label xlink:type="resource" xlink:label="label508" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentRiskAxis_en-US">Derivative Instrument [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element508" xlink:to="label508" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeNonmonetaryNotionalAmountMass" xlink:label="element509" />
        <label xlink:type="resource" xlink:label="label509" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeNonmonetaryNotionalAmountMass_en-US">Derivative, Nonmonetary Notional Amount, Mass</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element509" xlink:to="label509" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="element510" />
        <label xlink:type="resource" xlink:label="label510" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_en-US">DERIVATIVE INSTRUMENTS</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element510" xlink:to="label510" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="element511" />
        <label xlink:type="resource" xlink:label="label511" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_en-US">Derivative Instruments and Hedging Activities Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element511" xlink:to="label511" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedges" xlink:label="element512" />
        <label xlink:type="resource" xlink:label="label512" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentsAndHedges_en-US">Derivative Instruments and Hedges, Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element512" xlink:to="label512" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedges" xlink:label="element513" />
        <label xlink:type="resource" xlink:label="label513" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_DerivativeInstrumentsAndHedges_en-US">Derivative Instruments and Hedges, Assets, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element513" xlink:to="label513" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedges" xlink:label="element514" />
        <label xlink:type="resource" xlink:label="label514" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DerivativeInstrumentsAndHedges_en-US">Derivative instruments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element514" xlink:to="label514" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilityFairValueNetAbstract" xlink:label="element515" />
        <label xlink:type="resource" xlink:label="label515" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeLiabilityFairValueNetAbstract_en-US">Derivative Liability, Fair Value, Amount Not Offset Against Collateral [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element515" xlink:to="label515" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:label="element516" />
        <label xlink:type="resource" xlink:label="label516" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeFinancialInstrumentsAssetsMember_en-US">Derivative Financial Instruments, Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element516" xlink:to="label516" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLineItems" xlink:label="element517" />
        <label xlink:type="resource" xlink:label="label517" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeLineItems_en-US">Derivative [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element517" xlink:to="label517" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="element518" />
        <label xlink:type="resource" xlink:label="label518" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeCollateralRightToReclaimCash_en-US">Derivative, Collateral, Right to Reclaim Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element518" xlink:to="label518" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeMember" xlink:label="element519" />
        <label xlink:type="resource" xlink:label="label519" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeMember_en-US">Derivative [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element519" xlink:to="label519" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset" xlink:label="element520" />
        <label xlink:type="resource" xlink:label="label520" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_en-US">Derivative Asset, Collateral, Obligation to Return Cash, Offset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element520" xlink:to="label520" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset" xlink:label="element521" />
        <label xlink:type="resource" xlink:label="label521" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_en-US">Derivative Asset, Collateral, Obligation to Return Cash, Offset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element521" xlink:to="label521" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesNoncurrent" xlink:label="element522" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element522" xlink:to="label522" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesNoncurrent" xlink:label="element523" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element523" xlink:to="label523" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesNoncurrent" xlink:label="element524" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element538" xlink:to="label538" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="element539" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="element540" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet" xlink:label="element541" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element543" xlink:to="label543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesLiabilities" xlink:label="element544" />
        <label xlink:type="resource" xlink:label="label544" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DerivativeInstrumentsAndHedgesLiabilities_en-US">Derivative Instruments and Hedges, Liabilities</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesLiabilities" xlink:label="element545" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgesLiabilities" xlink:label="element546" />
        <label xlink:type="resource" xlink:label="label546" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DerivativeInstrumentsAndHedgesLiabilities_en-US">Derivative instruments</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="element547" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element547" xlink:to="label547" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="element548" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="element550" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element556" xlink:to="label556" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="element563" />
        <label xlink:type="resource" xlink:label="label563" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DividendsCommonStockCash_en-US">Cash dividends declared on common stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element563" xlink:to="label563" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPayableNature" xlink:label="element564" />
        <label xlink:type="resource" xlink:label="label564" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DividendsPayableNature_en-US">Dividends Payable Nature</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element564" xlink:to="label564" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="element565" />
        <label xlink:type="resource" xlink:label="label565" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DividendsPreferredStockCash_en-US">Dividends, Preferred Stock, Cash</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element565" xlink:to="label565" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="element566" />
        <label xlink:type="resource" xlink:label="label566" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_DividendsPreferredStockCash_en-US">Cash dividends declared on preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element566" xlink:to="label566" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="element567" />
        <label xlink:type="resource" xlink:label="label567" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DividendsPreferredStockCash_en-US">Cash dividends declared on preferred stock ($1.1000/ share in 2011 and $0.4980/share in 2010)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element567" xlink:to="label567" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DomesticCountryMember" xlink:label="element568" />
        <label xlink:type="resource" xlink:label="label568" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DomesticCountryMember_en-US">Domestic Tax Authority [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element568" xlink:to="label568" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DomesticCountryMember" xlink:label="element569" />
        <label xlink:type="resource" xlink:label="label569" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DomesticCountryMember_en-US">Canada [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element569" xlink:to="label569" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DomesticPensionPlansOfForeignEntityDefinedBenefitMember" xlink:label="element570" />
        <label xlink:type="resource" xlink:label="label570" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DomesticPensionPlansOfForeignEntityDefinedBenefitMember_en-US">Domestic Pension Plan of Foreign Entity [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element570" xlink:to="label570" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueFromRelatedPartiesNoncurrent" xlink:label="element571" />
        <label xlink:type="resource" xlink:label="label571" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DueFromRelatedPartiesNoncurrent_en-US">Due from Related Parties, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element571" xlink:to="label571" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueFromRelatedPartiesNoncurrent" xlink:label="element572" />
        <label xlink:type="resource" xlink:label="label572" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DueFromRelatedPartiesNoncurrent_en-US">Due from related parties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element572" xlink:to="label572" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="element573" />
        <label xlink:type="resource" xlink:label="label573" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DueToRelatedPartiesCurrent_en-US">Due to Related Parties, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element573" xlink:to="label573" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="element574" />
        <label xlink:type="resource" xlink:label="label574" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DueToRelatedPartiesCurrent_en-US">Due to related party</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element574" xlink:to="label574" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueToRelatedPartiesNoncurrent" xlink:label="element575" />
        <label xlink:type="resource" xlink:label="label575" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DueToRelatedPartiesNoncurrent_en-US">Due To Related Parties Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element575" xlink:to="label575" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueToRelatedPartiesNoncurrent" xlink:label="element576" />
        <label xlink:type="resource" xlink:label="label576" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_DueToRelatedPartiesNoncurrent_en-US">Intercompany long term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element576" xlink:to="label576" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="element577" />
        <label xlink:type="resource" xlink:label="label577" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DueFromRelatedPartiesCurrent_en-US">Due from Related Parties, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element577" xlink:to="label577" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="element578" />
        <label xlink:type="resource" xlink:label="label578" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_DueFromRelatedPartiesCurrent_en-US">Due from related parties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element578" xlink:to="label578" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_DueFromRelatedParties" xlink:label="element579" />
        <label xlink:type="resource" xlink:label="label579" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_DueFromRelatedParties_en-US">Due From Related Parties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element579" xlink:to="label579" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="element580" />
        <label xlink:type="resource" xlink:label="label580" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerSharePolicyTextBlock_en-US">Earnings Per Share, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element580" xlink:to="label580" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element581" />
        <label xlink:type="resource" xlink:label="label581" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EarningsPerShareBasic_en-US">Basic</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element581" xlink:to="label581" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="element582" />
        <label xlink:type="resource" xlink:label="label582" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareBasic_en-US">Earnings Per Share, Basic</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element582" xlink:to="label582" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element583" />
        <label xlink:type="resource" xlink:label="label583" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EarningsPerShareDiluted_en-US">Diluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element583" xlink:to="label583" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="element584" />
        <label xlink:type="resource" xlink:label="label584" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareDiluted_en-US">Earnings Per Share, Diluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element584" xlink:to="label584" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareReconciliationAbstract" xlink:label="element585" />
        <label xlink:type="resource" xlink:label="label585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareReconciliationAbstract_en-US">Earnings Per Share Reconciliation [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element585" xlink:to="label585" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="element586" />
        <label xlink:type="resource" xlink:label="label586" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EarningsPerShareTextBlock_en-US">EARNINGS PER SHARE</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element586" xlink:to="label586" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="element587" />
        <label xlink:type="resource" xlink:label="label587" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareTextBlock_en-US">Earnings Per Share [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element587" xlink:to="label587" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="element588" />
        <label xlink:type="resource" xlink:label="label588" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EarningsPerShareAbstract_en-US">Earnings per common share (note 9)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element588" xlink:to="label588" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="element589" />
        <label xlink:type="resource" xlink:label="label589" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EarningsPerShareAbstract_en-US">Earnings Per Share [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element589" xlink:to="label589" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations" xlink:label="element590" />
        <label xlink:type="resource" xlink:label="label590" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations_en-US">Effect of Exchange Rate on Cash and Cash Equivalents, Continuing Operations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element590" xlink:to="label590" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="element591" />
        <label xlink:type="resource" xlink:label="label591" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_en-US">Effect of exchange rate changes on cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element591" xlink:to="label591" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents" xlink:label="element592" />
        <label xlink:type="resource" xlink:label="label592" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents_en-US">Effect of Exchange Rate on Cash and Cash Equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element592" xlink:to="label592" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="element593" />
        <label xlink:type="resource" xlink:label="label593" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_en-US">Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element593" xlink:to="label593" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate" xlink:label="element594" />
        <label xlink:type="resource" xlink:label="label594" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_en-US">Statutory income tax rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element594" xlink:to="label594" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EffectiveIncomeTaxRateContinuingOperations" xlink:label="element595" />
        <label xlink:type="resource" xlink:label="label595" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EffectiveIncomeTaxRateContinuingOperations_en-US">Effective Income Tax Rate Reconciliation, Percent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element595" xlink:to="label595" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ElectricTransmissionMember" xlink:label="element596" />
        <label xlink:type="resource" xlink:label="label596" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ElectricTransmissionMember_en-US">Electric Transmission [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element596" xlink:to="label596" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ElectricDistributionMember" xlink:label="element597" />
        <label xlink:type="resource" xlink:label="label597" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ElectricDistributionMember_en-US">Electric Distribution [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element597" xlink:to="label597" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ElectricGenerationEquipmentMember" xlink:label="element598" />
        <label xlink:type="resource" xlink:label="label598" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ElectricGenerationEquipmentMember_en-US">Electric Generation Equipment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element598" xlink:to="label598" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount" xlink:label="element599" />
        <label xlink:type="resource" xlink:label="label599" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount_en-US">Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element599" xlink:to="label599" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1" xlink:label="element600" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element613" xlink:to="label613" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal" xlink:label="element615" />
        <label xlink:type="resource" xlink:label="label615" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal_en-US">Equity Method Investment, Realized Gain (Loss) on Disposal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element615" xlink:to="label615" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="element616" />
        <label xlink:type="resource" xlink:label="label616" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentOwnershipPercentage_en-US">Equity Method Investment, Ownership Percentage</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="element617" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element617" xlink:to="label617" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="element618" />
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        <label xlink:type="resource" xlink:label="label619" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestments_en-US">Equity Method Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element619" xlink:to="label619" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:label="element620" />
        <label xlink:type="resource" xlink:label="label620" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EquityMethodInvestments_en-US">Investments subject to significant influence</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element620" xlink:to="label620" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="element621" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element621" xlink:to="label621" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="element622" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="element623" />
        <label xlink:type="resource" xlink:label="label623" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_EquityMethodInvestmentsDisclosureTextBlock_en-US">INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE AND EQUITY INCOME</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element623" xlink:to="label623" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentUnrealizedIntercompanyProfitLossNotEliminatedAmount" xlink:label="element624" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element624" xlink:to="label624" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="element625" />
        <label xlink:type="resource" xlink:label="label625" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_EquityMethodInvestmentsTextBlock_en-US">Equity Method Investments [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element625" xlink:to="label625" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsComparabilityAdjustments" xlink:label="element626" />
        <label xlink:type="resource" xlink:label="label626" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsComparabilityAdjustments_en-US">Fair Value Inputs, Comparability Adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element626" xlink:to="label626" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetAssetLiabilityAbstract" xlink:label="element627" />
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        <label xlink:type="resource" xlink:label="label628" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementPolicyPolicyTextBlock_en-US">Fair Value Measurement, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element628" xlink:to="label628" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsEntityCreditRisk" xlink:label="element636" />
        <label xlink:type="resource" xlink:label="label636" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsEntityCreditRisk_en-US">Fair Value Inputs, Entity Credit Risk</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element636" xlink:to="label636" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="element637" />
        <label xlink:type="resource" xlink:label="label637" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByLiabilityClassAxis_en-US">Liability Class [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element637" xlink:to="label637" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="element638" />
        <label xlink:type="resource" xlink:label="label638" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByFairValueHierarchyLevelAxis_en-US">Fair Value, Hierarchy [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element638" xlink:to="label638" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsDiscountRate" xlink:label="element639" />
        <label xlink:type="resource" xlink:label="label639" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsDiscountRate_en-US">Fair Value Inputs, Discount Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element639" xlink:to="label639" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="element640" />
        <label xlink:type="resource" xlink:label="label640" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByMeasurementFrequencyAxis_en-US">Measurement Frequency [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element640" xlink:to="label640" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresAbstract" xlink:label="element641" />
        <label xlink:type="resource" xlink:label="label641" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosuresAbstract_en-US">Fair Value Measurements [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element641" xlink:to="label641" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsProbabilityOfDefault" xlink:label="element642" />
        <label xlink:type="resource" xlink:label="label642" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsProbabilityOfDefault_en-US">Fair Value Inputs, Probability of Default</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element642" xlink:to="label642" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetAssetLiability" xlink:label="element643" />
        <label xlink:type="resource" xlink:label="label643" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueNetAssetLiability_en-US">Fair Value, Net Asset (Liability)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element643" xlink:to="label643" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueNetAssetLiability" xlink:label="element644" />
        <label xlink:type="resource" xlink:label="label644" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_FairValueNetAssetLiability_en-US">Fair Value, Net Asset (Liability), Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element644" xlink:to="label644" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element645" />
        <label xlink:type="resource" xlink:label="label645" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Fair Value, Assets Measured on Recurring Basis, Change in Unrealized Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element645" xlink:to="label645" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="element646" />
        <label xlink:type="resource" xlink:label="label646" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_en-US">Unrealized gains (losses) included in regulatory assets or liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element646" xlink:to="label646" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="element647" />
        <label xlink:type="resource" xlink:label="label647" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByMeasurementBasisAxis_en-US">Measurement Basis [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element647" xlink:to="label647" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsOfferedQuotes" xlink:label="element648" />
        <label xlink:type="resource" xlink:label="label648" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsOfferedQuotes_en-US">Fair Value Inputs, Offered Quotes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element648" xlink:to="label648" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain" xlink:label="element649" />
        <label xlink:type="resource" xlink:label="label649" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationByAssetClassDomain_en-US">Asset Class [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element649" xlink:to="label649" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable" xlink:label="element650" />
        <label xlink:type="resource" xlink:label="label650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_en-US">Fair Value Measurements, Recurring and Nonrecurring [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element650" xlink:to="label650" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="element651" />
        <label xlink:type="resource" xlink:label="label651" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementFrequencyDomain_en-US">Fair Value, Measurement Frequency [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element651" xlink:to="label651" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="element652" />
        <label xlink:type="resource" xlink:label="label652" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementsRecurringMember_en-US">Fair Value, Measurements, Recurring [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element652" xlink:to="label652" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems" xlink:label="element653" />
        <label xlink:type="resource" xlink:label="label653" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_en-US">Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element653" xlink:to="label653" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element654" />
        <label xlink:type="resource" xlink:label="label654" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element654" xlink:to="label654" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element655" />
        <label xlink:type="resource" xlink:label="label655" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element655" xlink:to="label655" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="element656" />
        <label xlink:type="resource" xlink:label="label656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_en-US">Fair Value, Measurement with Unobservable Inputs Reconciliations, Recurring Basis, Liability Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element656" xlink:to="label656" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="element657" />
        <label xlink:type="resource" xlink:label="label657" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_en-US">Fair Value Hierarchy [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element657" xlink:to="label657" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="element658" />
        <label xlink:type="resource" xlink:label="label658" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_FairValueDisclosuresTextBlock_en-US">FAIR VALUE MEASUREMENTS</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element658" xlink:to="label658" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock" xlink:label="element659" />
        <label xlink:type="resource" xlink:label="label659" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosuresTextBlock_en-US">Fair Value Disclosures [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element659" xlink:to="label659" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="element660" />
        <label xlink:type="resource" xlink:label="label660" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_en-US">Fair Value by Liability Class [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element660" xlink:to="label660" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:label="element661" />
        <label xlink:type="resource" xlink:label="label661" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element661" xlink:to="label661" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="element662" />
        <label xlink:type="resource" xlink:label="label662" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueByBalanceSheetGroupingTable_en-US">Fair Value, by Balance Sheet Grouping [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element662" xlink:to="label662" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems" xlink:label="element663" />
        <label xlink:type="resource" xlink:label="label663" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_en-US">Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element663" xlink:to="label663" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="element664" />
        <label xlink:type="resource" xlink:label="label664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element664" xlink:to="label664" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="element665" />
        <label xlink:type="resource" xlink:label="label665" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueDisclosureItemAmountsDomain_en-US">Fair Value Measurement [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element665" xlink:to="label665" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="element666" />
        <label xlink:type="resource" xlink:label="label666" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTable_en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element666" xlink:to="label666" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueEstimateNotPracticableTextBlock" xlink:label="element667" />
        <label xlink:type="resource" xlink:label="label667" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueEstimateNotPracticableTextBlock_en-US">Fair Value, Estimate Not Practicable [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element667" xlink:to="label667" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock" xlink:label="element668" />
        <label xlink:type="resource" xlink:label="label668" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_en-US">Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element668" xlink:to="label668" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="element669" />
        <label xlink:type="resource" xlink:label="label669" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel3Member_en-US">Fair Value, Inputs, Level 3 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element669" xlink:to="label669" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="element670" />
        <label xlink:type="resource" xlink:label="label670" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueInputsLevel1Member_en-US">Fair Value, Inputs, Level 1 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element670" xlink:to="label670" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="element671" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element672" />
        <label xlink:type="resource" xlink:label="label672" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element672" xlink:to="label672" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element673" />
        <label xlink:type="resource" xlink:label="label673" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element673" xlink:to="label673" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="element674" />
        <label xlink:type="resource" xlink:label="label674" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element674" xlink:to="label674" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet" xlink:label="element675" />
        <label xlink:type="resource" xlink:label="label675" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element675" xlink:to="label675" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet" xlink:label="element676" />
        <label xlink:type="resource" xlink:label="label676" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_en-US">Net transfers out of Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element676" xlink:to="label676" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems" xlink:label="element677" />
        <label xlink:type="resource" xlink:label="label677" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems_en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element677" xlink:to="label677" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="element678" />
        <label xlink:type="resource" xlink:label="label678" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element678" xlink:to="label678" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward" xlink:label="element679" />
        <label xlink:type="resource" xlink:label="label679" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_en-US">Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element679" xlink:to="label679" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:label="element680" />
        <label xlink:type="resource" xlink:label="label680" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_en-US">FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element680" xlink:to="label680" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings" xlink:label="element681" />
        <label xlink:type="resource" xlink:label="label681" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_en-US">Increase (reduction) in benefit included in regulated and nonregulated fuel for generation and purchased power</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element681" xlink:to="label681" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet" xlink:label="element682" />
        <label xlink:type="resource" xlink:label="label682" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_en-US">Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element682" xlink:to="label682" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet" xlink:label="element683" />
        <label xlink:type="resource" xlink:label="label683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_en-US">Net transfers out of Level 3</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element683" xlink:to="label683" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable" xlink:label="element684" />
        <label xlink:type="resource" xlink:label="label684" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_en-US">Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element684" xlink:to="label684" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FederalFundsEffectiveSwapRateMember" xlink:label="element685" />
        <label xlink:type="resource" xlink:label="label685" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FederalFundsEffectiveSwapRateMember_en-US">FederalFundsEffectiveSwapRateMember</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element685" xlink:to="label685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FinancialStandbyLetterOfCreditMember" xlink:label="element686" />
        <label xlink:type="resource" xlink:label="label686" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FinancialStandbyLetterOfCreditMember_en-US">Financial Standby Letter of Credit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element686" xlink:to="label686" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="element687" />
        <label xlink:type="resource" xlink:label="label687" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_en-US">Finite-Lived Intangible Assets by Major Class [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element687" xlink:to="label687" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="element688" />
        <label xlink:type="resource" xlink:label="label688" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_en-US">Finite-Lived Intangible Assets, Amortization Expense, Year Two</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element688" xlink:to="label688" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo" xlink:label="element689" />
        <label xlink:type="resource" xlink:label="label689" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_en-US">2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element689" xlink:to="label689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="element690" />
        <label xlink:type="resource" xlink:label="label690" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_en-US">Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element690" xlink:to="label690" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths" xlink:label="element691" />
        <label xlink:type="resource" xlink:label="label691" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_en-US">2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element691" xlink:to="label691" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="element692" />
        <label xlink:type="resource" xlink:label="label692" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsLineItems_en-US">Finite-Lived Intangible Assets [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element692" xlink:to="label692" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetUsefulLife" xlink:label="element693" />
        <label xlink:type="resource" xlink:label="label693" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetUsefulLife_en-US">Finite-Lived Intangible Asset, Useful Life</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element693" xlink:to="label693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain" xlink:label="element694" />
        <label xlink:type="resource" xlink:label="label694" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsMajorClassNameDomain_en-US">Finite-Lived Intangible Assets, Major Class Name [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element694" xlink:to="label694" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="element695" />
        <label xlink:type="resource" xlink:label="label695" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_en-US">Finite-Lived Intangible Assets, Amortization Expense, Year Five</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element695" xlink:to="label695" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive" xlink:label="element696" />
        <label xlink:type="resource" xlink:label="label696" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFive_en-US">2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element696" xlink:to="label696" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract" xlink:label="element697" />
        <label xlink:type="resource" xlink:label="label697" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsFutureAmortizationExpenseAbstract_en-US">Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element697" xlink:to="label697" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="element698" />
        <label xlink:type="resource" xlink:label="label698" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_en-US">Finite-Lived Intangible Assets, Amortization Expense, Year Four</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element698" xlink:to="label698" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour" xlink:label="element699" />
        <label xlink:type="resource" xlink:label="label699" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearFour_en-US">2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element699" xlink:to="label699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="element700" />
        <label xlink:type="resource" xlink:label="label700" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_en-US">Finite-Lived Intangible Assets, Amortization Expense, Year Three</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element700" xlink:to="label700" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree" xlink:label="element701" />
        <label xlink:type="resource" xlink:label="label701" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseYearThree_en-US">2019</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element701" xlink:to="label701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FixedIncomeFundsMember" xlink:label="element702" />
        <label xlink:type="resource" xlink:label="label702" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FixedIncomeFundsMember_en-US">Fixed Income Funds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element702" xlink:to="label702" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FixedIncomeSecuritiesMember" xlink:label="element703" />
        <label xlink:type="resource" xlink:label="label703" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FixedIncomeSecuritiesMember_en-US">Fixed Income Securities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element703" xlink:to="label703" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyExchangeRateTranslation1" xlink:label="element704" />
        <label xlink:type="resource" xlink:label="label704" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ForeignCurrencyExchangeRateTranslation1_en-US">Foreign Currency Exchange Rate, Translation</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element706" xlink:to="label706" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossBeforeTax" xlink:label="element709" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCountryMember" xlink:label="element710" />
        <label xlink:type="resource" xlink:label="label710" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ForeignCountryMember_en-US">Foreign Tax Authority [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element710" xlink:to="label710" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignCountryMember" xlink:label="element711" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignPensionPlansDefinedBenefitMember" xlink:label="element712" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ForeignExchangeForwardMember" xlink:label="element713" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element713" xlink:to="label713" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_FuelMember" xlink:label="element715" />
        <label xlink:type="resource" xlink:label="label715" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_FuelMember_en-US">Fuel [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element715" xlink:to="label715" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnForeignCurrencyCashFlowHedgeIneffectiveness" xlink:label="element716" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element716" xlink:to="label716" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnInvestmentsMember1" xlink:label="element717" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnDerivativeInstrumentsHeldForTradingPurposesNet" xlink:label="element718" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element718" xlink:to="label718" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnSaleOfDebtInvestments" xlink:label="element719" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element719" xlink:to="label719" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnInvestments" xlink:label="element720" />
        <label xlink:type="resource" xlink:label="label720" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GainLossOnInvestments_en-US">Gain (Loss) on Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element720" xlink:to="label720" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GainLossOnSaleOfEquityInvestments" xlink:label="element721" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element721" xlink:to="label721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GasTransmissionAndDistributionEquipmentMember" xlink:label="element722" />
        <label xlink:type="resource" xlink:label="label722" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GasTransmissionAndDistributionEquipmentMember_en-US">Gas, Transmission and Distribution Equipment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element722" xlink:to="label722" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillImpairmentLoss" xlink:label="element723" />
        <label xlink:type="resource" xlink:label="label723" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillImpairmentLoss_en-US">Goodwill, Impairment Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element723" xlink:to="label723" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Goodwill" xlink:label="element724" />
        <label xlink:type="resource" xlink:label="label724" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Goodwill_en-US">Goodwill</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element724" xlink:to="label724" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Goodwill" xlink:label="element725" />
        <label xlink:type="resource" xlink:label="label725" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_Goodwill_en-US">Goodwill, Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element725" xlink:to="label725" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Goodwill" xlink:label="element726" />
        <label xlink:type="resource" xlink:label="label726" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_Goodwill_en-US">Goodwill, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element726" xlink:to="label726" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Goodwill" xlink:label="element727" />
        <label xlink:type="resource" xlink:label="label727" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Goodwill_en-US">Goodwill, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element727" xlink:to="label727" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Goodwill" xlink:label="element728" />
        <label xlink:type="resource" xlink:label="label728" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Goodwill_en-US">Goodwill</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element728" xlink:to="label728" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillForeignCurrencyTranslationGainLoss" xlink:label="element729" />
        <label xlink:type="resource" xlink:label="label729" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillForeignCurrencyTranslationGainLoss_en-US">Goodwill, Foreign Currency Translation Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element729" xlink:to="label729" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillRollForward" xlink:label="element730" />
        <label xlink:type="resource" xlink:label="label730" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillRollForward_en-US">Goodwill [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element730" xlink:to="label730" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="element731" />
        <label xlink:type="resource" xlink:label="label731" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_en-US">GOODWILL</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element731" xlink:to="label731" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="element732" />
        <label xlink:type="resource" xlink:label="label732" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock_en-US">Goodwill and Intangible Assets Disclosure [Text Block]</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element733" xlink:to="label733" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="element734" />
        <label xlink:type="resource" xlink:label="label734" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_en-US">GOODWILL [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element734" xlink:to="label734" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="element735" />
        <label xlink:type="resource" xlink:label="label735" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_en-US">Goodwill [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element735" xlink:to="label735" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsNatureDomain" xlink:label="element736" />
        <label xlink:type="resource" xlink:label="label736" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuaranteeObligationsNatureDomain_en-US">Guarantor Obligations, Nature [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element736" xlink:to="label736" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuaranteeObligationsByNatureAxis" xlink:label="element737" />
        <label xlink:type="resource" xlink:label="label737" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuaranteeObligationsByNatureAxis_en-US">Guarantor Obligations, Nature [Axis]</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element740" xlink:to="label740" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_GuarantyLiabilities" xlink:label="element741" />
        <label xlink:type="resource" xlink:label="label741" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_GuarantyLiabilities_en-US">Guaranty Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element741" xlink:to="label741" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityNameDomain" xlink:label="element752" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromSubsidiariesBeforeTax" xlink:label="element753" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="element754" />
        <label xlink:type="resource" xlink:label="label754" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementLocationAxis_en-US">Income Statement Location [Axis]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExaminationEstimateOfPossibleLoss" xlink:label="element755" />
        <label xlink:type="resource" xlink:label="label755" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxExaminationEstimateOfPossibleLoss_en-US">Income Tax Examination, Estimate of Possible Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element755" xlink:to="label755" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExaminationEstimateOfPossibleLoss" xlink:label="element756" />
        <label xlink:type="resource" xlink:label="label756" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeTaxExaminationEstimateOfPossibleLoss_en-US">Net amount in dispute</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element756" xlink:to="label756" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element757" />
        <label xlink:type="resource" xlink:label="label757" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromEquityMethodInvestments_en-US">Income (Loss) from Equity Method Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element757" xlink:to="label757" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element758" />
        <label xlink:type="resource" xlink:label="label758" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromEquityMethodInvestments_en-US">Income from equity investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element758" xlink:to="label758" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="element759" />
        <label xlink:type="resource" xlink:label="label759" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeLossFromEquityMethodInvestments_en-US">Income (Loss) from Equity Method Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element759" xlink:to="label759" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityNameAxis" xlink:label="element760" />
        <label xlink:type="resource" xlink:label="label760" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxAuthorityNameAxis_en-US">Income Tax Authority, Name [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element760" xlink:to="label760" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="element761" />
        <label xlink:type="resource" xlink:label="label761" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementLocationDomain_en-US">Income Statement Location [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element761" xlink:to="label761" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="element762" />
        <label xlink:type="resource" xlink:label="label762" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxAuthorityAxis_en-US">Income Tax Authority [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element762" xlink:to="label762" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:label="element763" />
        <label xlink:type="resource" xlink:label="label763" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_en-US">Income from equity investments, net of dividends</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element763" xlink:to="label763" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:label="element764" />
        <label xlink:type="resource" xlink:label="label764" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_en-US">Income (Loss) from Equity Method Investments, Net of Dividends or Distributions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element764" xlink:to="label764" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions" xlink:label="element765" />
        <label xlink:type="resource" xlink:label="label765" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions_en-US">Income from equity investments, net of dividends</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element765" xlink:to="label765" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element766" />
        <label xlink:type="resource" xlink:label="label766" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_en-US">Income before provision for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element766" xlink:to="label766" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element767" />
        <label xlink:type="resource" xlink:label="label767" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_en-US">Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element767" xlink:to="label767" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="element768" />
        <label xlink:type="resource" xlink:label="label768" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_en-US">Income before provision for income taxes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element768" xlink:to="label768" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxAuthorityDomain" xlink:label="element769" />
        <label xlink:type="resource" xlink:label="label769" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxAuthorityDomain_en-US">Income Tax Authority [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element769" xlink:to="label769" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="element770" />
        <label xlink:type="resource" xlink:label="label770" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeTaxDisclosureTextBlock_en-US">INCOME TAXES</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element770" xlink:to="label770" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="element771" />
        <label xlink:type="resource" xlink:label="label771" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxDisclosureTextBlock_en-US">Income Tax Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element771" xlink:to="label771" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element772" />
        <label xlink:type="resource" xlink:label="label772" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_IncomeTaxExpenseBenefit_en-US">Income tax recovery (note 8)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element772" xlink:to="label772" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element773" />
        <label xlink:type="resource" xlink:label="label773" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeTaxExpenseBenefit_en-US">Income tax expense (recovery)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element773" xlink:to="label773" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element774" />
        <label xlink:type="resource" xlink:label="label774" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxExpenseBenefit_en-US">Income tax expense (recovery)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element774" xlink:to="label774" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="element775" />
        <label xlink:type="resource" xlink:label="label775" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncomeTaxExpenseBenefit_en-US">Income Tax Expense (Benefit), Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element775" xlink:to="label775" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="element776" />
        <label xlink:type="resource" xlink:label="label776" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeStatementAbstract_en-US">Consolidated Statements of Income [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element776" xlink:to="label776" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:label="element777" />
        <label xlink:type="resource" xlink:label="label777" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate_en-US">Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element777" xlink:to="label777" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate" xlink:label="element778" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationOtherReconcilingItems" xlink:label="element784" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="element787" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationTaxCreditsInvestment" xlink:label="element788" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxReconciliationTaxCreditsInvestment" xlink:label="element789" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element789" xlink:to="label789" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="element790" />
        <label xlink:type="resource" xlink:label="label790" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxPolicyTextBlock_en-US">Income Tax, Policy [Policy Text Block]</label>
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        <label xlink:type="resource" xlink:label="label791" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncomeTaxesReceivableNoncurrent_en-US">Income Taxes Receivable, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element791" xlink:to="label791" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncomeTaxesReceivableNoncurrent" xlink:label="element792" />
        <label xlink:type="resource" xlink:label="label792" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncomeTaxesReceivableNoncurrent_en-US">Income taxes receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element792" xlink:to="label792" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities" xlink:label="element793" />
        <label xlink:type="resource" xlink:label="label793" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_en-US">Increase (Decrease) in Other Current Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element793" xlink:to="label793" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentLiabilities" xlink:label="element794" />
        <label xlink:type="resource" xlink:label="label794" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInOtherCurrentLiabilities_en-US">Increase (Decrease) in Other Current Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element794" xlink:to="label794" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="element795" />
        <label xlink:type="resource" xlink:label="label795" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_en-US">Income taxes payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element795" xlink:to="label795" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="element796" />
        <label xlink:type="resource" xlink:label="label796" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_en-US">Increase (Decrease) in Income Taxes Payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element796" xlink:to="label796" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable" xlink:label="element797" />
        <label xlink:type="resource" xlink:label="label797" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_en-US">Increase (Decrease) in Income Taxes Payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element797" xlink:to="label797" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="element798" />
        <label xlink:type="resource" xlink:label="label798" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInAccountsPayable_en-US">Accounts payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element798" xlink:to="label798" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="element799" />
        <label xlink:type="resource" xlink:label="label799" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccountsPayable_en-US">Increase (Decrease) in Accounts Payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element799" xlink:to="label799" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="element800" />
        <label xlink:type="resource" xlink:label="label800" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInAccountsPayable_en-US">Increase (Decrease) in Accounts Payable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element800" xlink:to="label800" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="element801" />
        <label xlink:type="resource" xlink:label="label801" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAccountsReceivable_en-US">Increase (Decrease) in Accounts Receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element801" xlink:to="label801" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOtherCurrentAssets" xlink:label="element802" />
        <label xlink:type="resource" xlink:label="label802" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOtherCurrentAssets_en-US">Increase (Decrease) in Other Current Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element802" xlink:to="label802" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInSelfInsuranceReserve" xlink:label="element803" />
        <label xlink:type="resource" xlink:label="label803" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInSelfInsuranceReserve_en-US">Increase (Decrease) in Self Insurance Reserve</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element803" xlink:to="label803" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction" xlink:label="element804" />
        <label xlink:type="resource" xlink:label="label804" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_en-US">Increase (Decrease) in Allowance for Equity Funds Used During Construction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element804" xlink:to="label804" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction" xlink:label="element805" />
        <label xlink:type="resource" xlink:label="label805" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_en-US">Allowance for equity funds used during construction</label>
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        <label xlink:type="resource" xlink:label="label806" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction_en-US">Allowance for equity funds used during construction</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="element807" />
        <label xlink:type="resource" xlink:label="label807" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInInventories_en-US">Inventory</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element807" xlink:to="label807" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="element808" />
        <label xlink:type="resource" xlink:label="label808" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInInventories_en-US">Increase (Decrease) in Inventories</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element808" xlink:to="label808" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="element809" />
        <label xlink:type="resource" xlink:label="label809" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInInventories_en-US">Inventory</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element809" xlink:to="label809" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="element810" />
        <label xlink:type="resource" xlink:label="label810" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_en-US">Income taxes receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element810" xlink:to="label810" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesReceivable" xlink:label="element811" />
        <label xlink:type="resource" xlink:label="label811" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_en-US">Increase (Decrease) in Income Taxes Receivable</label>
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        <label xlink:type="resource" xlink:label="label812" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInIncomeTaxesReceivable_en-US">Income taxes receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element812" xlink:to="label812" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element814" xlink:to="label814" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element815" xlink:to="label815" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="element816" />
        <label xlink:type="resource" xlink:label="label816" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInPrepaidExpense_en-US">Prepaid expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element816" xlink:to="label816" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="element817" />
        <label xlink:type="resource" xlink:label="label817" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInPrepaidExpense_en-US">Increase (Decrease) in Prepaid Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element817" xlink:to="label817" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="element818" />
        <label xlink:type="resource" xlink:label="label818" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInPrepaidExpense_en-US">Prepaid expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element818" xlink:to="label818" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="element819" />
        <label xlink:type="resource" xlink:label="label819" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_en-US">Changes in non-cash working capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element819" xlink:to="label819" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="element820" />
        <label xlink:type="resource" xlink:label="label820" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_en-US">Increase (Decrease) in Operating Capital [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element820" xlink:to="label820" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapital" xlink:label="element821" />
        <label xlink:type="resource" xlink:label="label821" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInOperatingCapital_en-US">Increase (Decrease) in Operating Capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element821" xlink:to="label821" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapital" xlink:label="element822" />
        <label xlink:type="resource" xlink:label="label822" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInOperatingCapital_en-US">Changes in non-cash working capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element822" xlink:to="label822" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapital" xlink:label="element823" />
        <label xlink:type="resource" xlink:label="label823" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_IncreaseDecreaseInOperatingCapital_en-US">Increase (Decrease) in Operating Capital, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element823" xlink:to="label823" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities" xlink:label="element824" />
        <label xlink:type="resource" xlink:label="label824" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities_en-US">Net change in regulatory assets and liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element824" xlink:to="label824" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities" xlink:label="element825" />
        <label xlink:type="resource" xlink:label="label825" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities_en-US">Increase (Decrease) in Regulatory Assets and Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element825" xlink:to="label825" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities" xlink:label="element826" />
        <label xlink:type="resource" xlink:label="label826" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities_en-US">Net change in regulatory assets and liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element826" xlink:to="label826" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="element827" />
        <label xlink:type="resource" xlink:label="label827" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_en-US">IncrementalCommonSharesAttributableToShareBasedPaymentArrangements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element827" xlink:to="label827" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities" xlink:label="element828" />
        <label xlink:type="resource" xlink:label="label828" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities_en-US">IncrementalCommonSharesAttributableToConversionOfDebtSecurities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element828" xlink:to="label828" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IndependentTransmissionAndDistributionSystemMember" xlink:label="element829" />
        <label xlink:type="resource" xlink:label="label829" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IndependentTransmissionAndDistributionSystemMember_en-US">Independent Transmission and Distribution System [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element829" xlink:to="label829" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_IntangibleAssetsFiniteLivedPolicy" xlink:label="element830" />
        <label xlink:type="resource" xlink:label="label830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_IntangibleAssetsFiniteLivedPolicy_en-US">Intangible Assets, Finite-Lived, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element830" xlink:to="label830" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestCapitalizationPolicyPolicyTextBlock" xlink:label="element831" />
        <label xlink:type="resource" xlink:label="label831" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestCapitalizationPolicyPolicyTextBlock_en-US">Interest Capitalization, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element831" xlink:to="label831" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock" xlink:label="element832" />
        <label xlink:type="resource" xlink:label="label832" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_en-US">Interest Income and Interest Expense Disclosure [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element832" xlink:to="label832" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpense" xlink:label="element833" />
        <label xlink:type="resource" xlink:label="label833" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpense_en-US">Interest Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element833" xlink:to="label833" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestAndOtherIncomeTableTextBlock" xlink:label="element834" />
        <label xlink:type="resource" xlink:label="label834" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestAndOtherIncomeTableTextBlock_en-US">Interest and Other Income [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element834" xlink:to="label834" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="element835" />
        <label xlink:type="resource" xlink:label="label835" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestIncomeOther_en-US">Interest Revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element835" xlink:to="label835" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="element836" />
        <label xlink:type="resource" xlink:label="label836" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_InterestIncomeOther_en-US">Interest Revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element836" xlink:to="label836" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="element837" />
        <label xlink:type="resource" xlink:label="label837" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpenseDebt_en-US">Interest Expense, Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element837" xlink:to="label837" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="element838" />
        <label xlink:type="resource" xlink:label="label838" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestExpenseDebt_en-US">Interest on debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element838" xlink:to="label838" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="element839" />
        <label xlink:type="resource" xlink:label="label839" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpenseOther_en-US">Interest Expense, Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element839" xlink:to="label839" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseOther" xlink:label="element840" />
        <label xlink:type="resource" xlink:label="label840" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestExpenseOther_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element840" xlink:to="label840" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseLongTermDebtAndCapitalSecuritiesAbstract" xlink:label="element841" />
        <label xlink:type="resource" xlink:label="label841" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpenseLongTermDebtAndCapitalSecuritiesAbstract_en-US">Interest Expense, Long-term Debt, Additional Information [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element841" xlink:to="label841" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseJuniorSubordinatedDebentures" xlink:label="element842" />
        <label xlink:type="resource" xlink:label="label842" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpenseJuniorSubordinatedDebentures_en-US">Interest Expense, Junior Subordinated Debentures</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element842" xlink:to="label842" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:label="element843" />
        <label xlink:type="resource" xlink:label="label843" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_en-US">Interest Income and Interest Expense Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element843" xlink:to="label843" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock" xlink:label="element844" />
        <label xlink:type="resource" xlink:label="label844" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_en-US">INTEREST EXPENSE, NET</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element844" xlink:to="label844" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="element845" />
        <label xlink:type="resource" xlink:label="label845" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestIncomeExpenseNet_en-US">Interest Income (Expense), Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element845" xlink:to="label845" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="element846" />
        <label xlink:type="resource" xlink:label="label846" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_InterestIncomeExpenseNet_en-US">Interest expense, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element846" xlink:to="label846" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="element847" />
        <label xlink:type="resource" xlink:label="label847" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InterestIncomeExpenseNet_en-US">Interest expense, net (note x)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element847" xlink:to="label847" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="element848" />
        <label xlink:type="resource" xlink:label="label848" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_us-gaap_InterestIncomeExpenseNet_en-US">Interest Expense (Income), Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element848" xlink:to="label848" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="element849" />
        <label xlink:type="resource" xlink:label="label849" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InterestIncomeExpenseNet_en-US">Interest expense, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element849" xlink:to="label849" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestIncomeExpenseNetAbstract" xlink:label="element850" />
        <label xlink:type="resource" xlink:label="label850" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestIncomeExpenseNetAbstract_en-US">Interest Income (Expense), Net [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element850" xlink:to="label850" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestOnConvertibleDebtNetOfTax" xlink:label="element851" />
        <label xlink:type="resource" xlink:label="label851" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestOnConvertibleDebtNetOfTax_en-US">Interest on Convertible Debt, Net of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element851" xlink:to="label851" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaid" xlink:label="element852" />
        <label xlink:type="resource" xlink:label="label852" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InterestPaid_en-US">Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element852" xlink:to="label852" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestPaid" xlink:label="element853" />
        <label xlink:type="resource" xlink:label="label853" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestPaid_en-US">Interest Paid</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element853" xlink:to="label853" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestExpenseMember" xlink:label="element854" />
        <label xlink:type="resource" xlink:label="label854" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestExpenseMember_en-US">Interest Expense [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element854" xlink:to="label854" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InterestRateSwapMember" xlink:label="element855" />
        <label xlink:type="resource" xlink:label="label855" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InterestRateSwapMember_en-US">Interest Rate Swap [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element855" xlink:to="label855" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryPolicyTextBlock" xlink:label="element856" />
        <label xlink:type="resource" xlink:label="label856" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InventoryPolicyTextBlock_en-US">Inventory, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element856" xlink:to="label856" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryNet" xlink:label="element857" />
        <label xlink:type="resource" xlink:label="label857" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InventoryNet_en-US">Inventory, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element857" xlink:to="label857" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryNet" xlink:label="element858" />
        <label xlink:type="resource" xlink:label="label858" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_InventoryNet_en-US">Inventory, Net, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element858" xlink:to="label858" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryNet" xlink:label="element859" />
        <label xlink:type="resource" xlink:label="label859" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InventoryNet_en-US">Inventory</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element859" xlink:to="label859" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="element860" />
        <label xlink:type="resource" xlink:label="label860" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_InventoryDisclosureTextBlock_en-US">INVENTORY</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element860" xlink:to="label860" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="element861" />
        <label xlink:type="resource" xlink:label="label861" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InventoryDisclosureTextBlock_en-US">Inventory Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element861" xlink:to="label861" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryDisclosureAbstract" xlink:label="element862" />
        <label xlink:type="resource" xlink:label="label862" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InventoryDisclosureAbstract_en-US">Inventory [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element862" xlink:to="label862" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryRawMaterialsNetOfReserves" xlink:label="element863" />
        <label xlink:type="resource" xlink:label="label863" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InventoryRawMaterialsNetOfReserves_en-US">Inventory, Raw Materials, Net of Reserves</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element863" xlink:to="label863" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InventoryRawMaterialsNetOfReserves" xlink:label="element864" />
        <label xlink:type="resource" xlink:label="label864" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InventoryRawMaterialsNetOfReserves_en-US">Raw Materials</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element864" xlink:to="label864" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentIncomeNet" xlink:label="element865" />
        <label xlink:type="resource" xlink:label="label865" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentIncomeNet_en-US">Investment Income, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element865" xlink:to="label865" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="element866" />
        <label xlink:type="resource" xlink:label="label866" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentTypeCategorizationMember_en-US">Investments [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element866" xlink:to="label866" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="element867" />
        <label xlink:type="resource" xlink:label="label867" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentIncomeInterest_en-US">Investment Income, Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element867" xlink:to="label867" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentTypeAxis" xlink:label="element868" />
        <label xlink:type="resource" xlink:label="label868" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentTypeAxis_en-US">Investment Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element868" xlink:to="label868" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element869" />
        <label xlink:type="resource" xlink:label="label869" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US">Investments subject to significant influence</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element869" xlink:to="label869" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures" xlink:label="element870" />
        <label xlink:type="resource" xlink:label="label870" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures_en-US">Other investments - intercompany</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element870" xlink:to="label870" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantAxis" xlink:label="element871" />
        <label xlink:type="resource" xlink:label="label871" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_JointlyOwnedUtilityPlantAxis_en-US">Jointly Owned Utility Plant [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element871" xlink:to="label871" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_JointlyOwnedElectricityGenerationPlantMember" xlink:label="element872" />
        <label xlink:type="resource" xlink:label="label872" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_JointlyOwnedElectricityGenerationPlantMember_en-US">Jointly Owned Electricity Generation Plant [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element872" xlink:to="label872" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_JointlyOwnedUtilityPlantDomain" xlink:label="element873" />
        <label xlink:type="resource" xlink:label="label873" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_JointlyOwnedUtilityPlantDomain_en-US">Jointly Owned Utility Plant [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element873" xlink:to="label873" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_JuniorSubordinatedLongTermNotes" xlink:label="element874" />
        <label xlink:type="resource" xlink:label="label874" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_JuniorSubordinatedLongTermNotes_en-US">Junior Subordinated Notes, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element874" xlink:to="label874" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember" xlink:label="element875" />
        <label xlink:type="resource" xlink:label="label875" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LondonInterbankOfferedRateLIBORMember_en-US">London Interbank Offered Rate (LIBOR) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element875" xlink:to="label875" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LettersOfCreditOutstandingAmount" xlink:label="element876" />
        <label xlink:type="resource" xlink:label="label876" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LettersOfCreditOutstandingAmount_en-US">Letters of Credit Outstanding, Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element876" xlink:to="label876" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="element877" />
        <label xlink:type="resource" xlink:label="label877" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongtermDebtTypeAxis_en-US">Long-term Debt, Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element877" xlink:to="label877" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="element878" />
        <label xlink:type="resource" xlink:label="label878" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongtermDebtTypeDomain_en-US">Long-term Debt, Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element878" xlink:to="label878" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="element879" />
        <label xlink:type="resource" xlink:label="label879" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LeasesAbstract_en-US">Net Investment in Direct Financing Lease [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element879" xlink:to="label879" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LeasesAbstract" xlink:label="element880" />
        <label xlink:type="resource" xlink:label="label880" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LeasesAbstract_en-US">NET INVESTMENT IN DIRECT FINANCING LEASE [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element880" xlink:to="label880" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LetterOfCreditMember" xlink:label="element881" />
        <label xlink:type="resource" xlink:label="label881" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LetterOfCreditMember_en-US">Letter of Credit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element881" xlink:to="label881" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element882" />
        <label xlink:type="resource" xlink:label="label882" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Total liabilities and equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element882" xlink:to="label882" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element883" />
        <label xlink:type="resource" xlink:label="label883" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Liabilities and Equity, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element883" xlink:to="label883" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="element884" />
        <label xlink:type="resource" xlink:label="label884" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesAndStockholdersEquity_en-US">Total liabilities and equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element884" xlink:to="label884" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="element885" />
        <label xlink:type="resource" xlink:label="label885" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LiabilitiesAndStockholdersEquityAbstract_en-US">Liabilities and Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element885" xlink:to="label885" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="element886" />
        <label xlink:type="resource" xlink:label="label886" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesAndStockholdersEquityAbstract_en-US">Liabilities and Equity [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element886" xlink:to="label886" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="element887" />
        <label xlink:type="resource" xlink:label="label887" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesFairValueDisclosure_en-US">Financial and Nonfinancial Liabilities, Fair Value Disclosure</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element887" xlink:to="label887" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:label="element888" />
        <label xlink:type="resource" xlink:label="label888" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesFairValueDisclosureAbstract_en-US">Liabilities, Fair Value Disclosure [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element888" xlink:to="label888" />
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        <label xlink:type="resource" xlink:label="label889" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LiabilitiesNoncurrentAbstract_en-US">Long-term liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element889" xlink:to="label889" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="element890" />
        <label xlink:type="resource" xlink:label="label890" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesNoncurrentAbstract_en-US">Liabilities, Noncurrent [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element890" xlink:to="label890" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="element891" />
        <label xlink:type="resource" xlink:label="label891" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LiabilitiesCurrent_en-US">Total current liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element891" xlink:to="label891" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="element892" />
        <label xlink:type="resource" xlink:label="label892" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesCurrent_en-US">Liabilities, Current, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element892" xlink:to="label892" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="element893" />
        <label xlink:type="resource" xlink:label="label893" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesCurrent_en-US">Total current liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element893" xlink:to="label893" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="element894" />
        <label xlink:type="resource" xlink:label="label894" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LiabilitiesCurrentAbstract_en-US">Current liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element894" xlink:to="label894" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="element895" />
        <label xlink:type="resource" xlink:label="label895" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesCurrentAbstract_en-US">Liabilities, Current [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element895" xlink:to="label895" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="element896" />
        <label xlink:type="resource" xlink:label="label896" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LiabilitiesNoncurrent_en-US">Total long-term liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element896" xlink:to="label896" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="element897" />
        <label xlink:type="resource" xlink:label="label897" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiabilitiesNoncurrent_en-US">Liabilities, Noncurrent, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element897" xlink:to="label897" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="element898" />
        <label xlink:type="resource" xlink:label="label898" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LiabilitiesNoncurrent_en-US">Total long-term liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element898" xlink:to="label898" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LimitedPartnerMember" xlink:label="element899" />
        <label xlink:type="resource" xlink:label="label899" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LimitedPartnerMember_en-US">Limited Partner [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element899" xlink:to="label899" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:label="element900" />
        <label xlink:type="resource" xlink:label="label900" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityTable_en-US">Line of Credit Facility [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element900" xlink:to="label900" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditMember" xlink:label="element901" />
        <label xlink:type="resource" xlink:label="label901" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditMember_en-US">Line of Credit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element901" xlink:to="label901" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityAxis" xlink:label="element902" />
        <label xlink:type="resource" xlink:label="label902" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityAxis_en-US">Lender Name [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element902" xlink:to="label902" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCredit" xlink:label="element903" />
        <label xlink:type="resource" xlink:label="label903" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCredit_en-US">Long-term Line of Credit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element903" xlink:to="label903" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:label="element904" />
        <label xlink:type="resource" xlink:label="label904" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityLineItems_en-US">Line of Credit Facility [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element904" xlink:to="label904" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:label="element905" />
        <label xlink:type="resource" xlink:label="label905" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityExpirationDate1_en-US">Line of Credit Facility, Expiration Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element905" xlink:to="label905" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity" xlink:label="element906" />
        <label xlink:type="resource" xlink:label="label906" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity_en-US">Line of credit current borrowing capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element906" xlink:to="label906" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding" xlink:label="element907" />
        <label xlink:type="resource" xlink:label="label907" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding_en-US">Line of Credit Facility, Fair Value of Amount Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element907" xlink:to="label907" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityLenderDomain" xlink:label="element908" />
        <label xlink:type="resource" xlink:label="label908" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityLenderDomain_en-US">Line of Credit Facility, Lender [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element908" xlink:to="label908" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="element909" />
        <label xlink:type="resource" xlink:label="label909" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_en-US">Line of Credit Facility, Maximum Borrowing Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element909" xlink:to="label909" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="element910" />
        <label xlink:type="resource" xlink:label="label910" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_en-US">Line of Credit Facility, Maximum Borrowing Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element910" xlink:to="label910" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityPeriodicPaymentInterest" xlink:label="element911" />
        <label xlink:type="resource" xlink:label="label911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityPeriodicPaymentInterest_en-US">Line of Credit Facility, Periodic Payment, Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element911" xlink:to="label911" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="element912" />
        <label xlink:type="resource" xlink:label="label912" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_en-US">Line of Credit Facility, Remaining Borrowing Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element912" xlink:to="label912" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="element913" />
        <label xlink:type="resource" xlink:label="label913" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_en-US">Available capacity under existing agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element913" xlink:to="label913" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity" xlink:label="element914" />
        <label xlink:type="resource" xlink:label="label914" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_en-US">Available capacity under existing agreements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element914" xlink:to="label914" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LiquidityArrangementsGuaranteesAndOtherCommitmentsByThirdParties" xlink:label="element915" />
        <label xlink:type="resource" xlink:label="label915" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LiquidityArrangementsGuaranteesAndOtherCommitmentsByThirdParties_en-US">Variable Interest Entity, Commitments by Third Parties, Liquidity and Other Arrangements</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element915" xlink:to="label915" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationSettlementAmount" xlink:label="element916" />
        <label xlink:type="resource" xlink:label="label916" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationSettlementAmount_en-US">Litigation Settlement, Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element916" xlink:to="label916" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationCaseTypeDomain" xlink:label="element917" />
        <label xlink:type="resource" xlink:label="label917" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationCaseTypeDomain_en-US">Litigation Case [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element917" xlink:to="label917" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LitigationCaseAxis" xlink:label="element918" />
        <label xlink:type="resource" xlink:label="label918" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LitigationCaseAxis_en-US">Litigation Case [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element918" xlink:to="label918" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansPayableMember" xlink:label="element919" />
        <label xlink:type="resource" xlink:label="label919" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansPayableMember_en-US">Loans Payable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element919" xlink:to="label919" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:label="element920" />
        <label xlink:type="resource" xlink:label="label920" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_en-US">RECEIVABLES, NET</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element920" xlink:to="label920" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock" xlink:label="element921" />
        <label xlink:type="resource" xlink:label="label921" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock_en-US">Loans, Notes, Trade and Other Receivables Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element921" xlink:to="label921" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="element922" />
        <label xlink:type="resource" xlink:label="label922" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour_en-US">Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in 2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element922" xlink:to="label922" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="element923" />
        <label xlink:type="resource" xlink:label="label923" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo_en-US">Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in 2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element923" xlink:to="label923" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="element924" />
        <label xlink:type="resource" xlink:label="label924" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive_en-US">Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in 2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element924" xlink:to="label924" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_LongTermDebtFairValue" xlink:label="element925" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="element1011" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NotesReceivableRelatedPartiesNoncurrent" xlink:label="element1014" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1015" xlink:to="label1015" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1016" xlink:to="label1016" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_NoncontrollingInterestAbstract" xlink:label="element1018" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1019" xlink:to="label1019" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax" xlink:label="element1044" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax" xlink:label="element1045" />
        <label xlink:type="resource" xlink:label="label1045" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax_en-US">Transfer to other regulatory asset</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax" xlink:label="element1046" />
        <label xlink:type="resource" xlink:label="label1046" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetTransitionAssetObligationBeforeTax_en-US">Adjustments for MPS</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCurrentAssetsMember" xlink:label="element1047" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCurrentAssetsMember" xlink:label="element1048" />
        <label xlink:type="resource" xlink:label="label1048" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherCurrentAssetsMember_en-US">Current Assets</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element1049" />
        <label xlink:type="resource" xlink:label="label1049" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1049" xlink:to="label1049" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element1050" />
        <label xlink:type="resource" xlink:label="label1050" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Less: reclassification adjustment for (gains) recognized in income</label>
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        <label xlink:type="resource" xlink:label="label1051" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Equity method reclassification adjustments</label>
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        <label xlink:type="resource" xlink:label="label1052" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xml:lang="en-US" id="NegatedTerse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Equity method reclassification adjustments</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax" xlink:label="element1053" />
        <label xlink:type="resource" xlink:label="label1053" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax_en-US">Less: reclassification adjustment for (gains) recognized in income</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax" xlink:label="element1054" />
        <label xlink:type="resource" xlink:label="label1054" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax_en-US">Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1054" xlink:to="label1054" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax" xlink:label="element1055" />
        <label xlink:type="resource" xlink:label="label1055" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax_en-US">Net change in unrecognized pension and post-retirement benefit obligation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1055" xlink:to="label1055" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherRegulatoryAssetsLiabilitiesMember" xlink:label="element1056" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1056" xlink:to="label1056" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1057" xlink:to="label1057" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="element1058" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1058" xlink:to="label1058" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax" xlink:label="element1059" />
        <label xlink:type="resource" xlink:label="label1059" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax_en-US">Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1059" xlink:to="label1059" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTaxPortionAttributableToParent1" xlink:label="element1060" />
        <label xlink:type="resource" xlink:label="label1060" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossTaxPortionAttributableToParent1_en-US">Net current period other comprehensive income (loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1060" xlink:to="label1060" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossTaxPortionAttributableToParent1" xlink:label="element1061" />
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        <label xlink:type="resource" xlink:label="label1062" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax_en-US">Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1062" xlink:to="label1062" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1063" xlink:to="label1063" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax" xlink:label="element1064" />
        <label xlink:type="resource" xlink:label="label1064" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax_en-US">Current year addition to AOCI</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNoncurrentAssetsMember" xlink:label="element1065" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCurrentLiabilitiesMember" xlink:label="element1072" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLocationDomain" xlink:label="element1076" />
        <label xlink:type="resource" xlink:label="label1076" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLocationDomain_en-US">Other Comprehensive Income Location [Domain]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:label="element1077" />
        <label xlink:type="resource" xlink:label="label1077" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherAssetsMiscellaneousNoncurrent_en-US">Other Assets, Miscellaneous, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1077" xlink:to="label1077" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:label="element1078" />
        <label xlink:type="resource" xlink:label="label1078" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherAssetsMiscellaneousNoncurrent_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1078" xlink:to="label1078" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsMiscellaneousNoncurrent" xlink:label="element1079" />
        <label xlink:type="resource" xlink:label="label1079" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherAssetsMiscellaneousNoncurrent_en-US">Other long term assets</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherCurrentAssetsTextBlock" xlink:label="element1080" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1080" xlink:to="label1080" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:label="element1081" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1081" xlink:to="label1081" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureAbstract" xlink:label="element1082" />
        <label xlink:type="resource" xlink:label="label1082" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesDisclosureAbstract_en-US">Other Current Liabilities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1082" xlink:to="label1082" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="element1083" />
        <label xlink:type="resource" xlink:label="label1083" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherIncomeAndExpensesAbstract_en-US">OTHER INCOME (EXPENSES), NET [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="element1084" />
        <label xlink:type="resource" xlink:label="label1084" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherIncomeAndExpensesAbstract_en-US">Other Income (Expenses), Net [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1084" xlink:to="label1084" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeLocationAxis" xlink:label="element1085" />
        <label xlink:type="resource" xlink:label="label1085" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherComprehensiveIncomeLocationAxis_en-US">Other Comprehensive Income Location [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1085" xlink:to="label1085" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1086" xlink:to="label1086" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeOtherNetOfTax" xlink:label="element1087" />
        <label xlink:type="resource" xlink:label="label1087" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_en-US">Other comprehensive income (loss) (8)</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeOtherNetOfTax" xlink:label="element1088" />
        <label xlink:type="resource" xlink:label="label1088" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherComprehensiveIncomeOtherNetOfTax_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1088" xlink:to="label1088" />
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        <label xlink:type="resource" xlink:label="label1089" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherAssetsCurrent_en-US">Other Assets, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1089" xlink:to="label1089" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="element1090" />
        <label xlink:type="resource" xlink:label="label1090" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherAssetsCurrent_en-US">Other current assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1090" xlink:to="label1090" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherAssetsCurrent" xlink:label="element1091" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1091" xlink:to="label1091" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="element1107" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="element1108" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="element1109" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherEnergyEquipmentMember" xlink:label="element1110" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1110" xlink:to="label1110" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="element1111" />
        <label xlink:type="resource" xlink:label="label1111" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_en-US">OTHER INCOME (EXPENSES), NET</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1111" xlink:to="label1111" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="element1112" />
        <label xlink:type="resource" xlink:label="label1112" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_en-US">Other Income and Other Expense Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1112" xlink:to="label1112" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLongTermDebtNoncurrent" xlink:label="element1113" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1113" xlink:to="label1113" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:label="element1114" />
        <label xlink:type="resource" xlink:label="label1114" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherLiabilitiesDisclosureTextBlock_en-US">OTHER CURRENT LIABILITIES</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1114" xlink:to="label1114" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesDisclosureTextBlock" xlink:label="element1115" />
        <label xlink:type="resource" xlink:label="label1115" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesDisclosureTextBlock_en-US">Other Liabilities Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1115" xlink:to="label1115" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="element1116" />
        <label xlink:type="resource" xlink:label="label1116" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherNonoperatingIncomeExpense_en-US">Other Nonoperating Income (Expense)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1116" xlink:to="label1116" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncomeExpense" xlink:label="element1117" />
        <label xlink:type="resource" xlink:label="label1117" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherNonoperatingIncomeExpense_en-US">Other Income (Expense)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1117" xlink:to="label1117" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="element1118" />
        <label xlink:type="resource" xlink:label="label1118" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesNoncurrent_en-US">Other Liabilities, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1118" xlink:to="label1118" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="element1119" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1119" xlink:to="label1119" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent" xlink:label="element1120" />
        <label xlink:type="resource" xlink:label="label1120" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherLiabilitiesNoncurrent_en-US">Other long-term liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1120" xlink:to="label1120" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="element1121" />
        <label xlink:type="resource" xlink:label="label1121" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherNonoperatingIncome_en-US">Other Nonoperating Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1121" xlink:to="label1121" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="element1122" />
        <label xlink:type="resource" xlink:label="label1122" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_OtherNonoperatingIncome_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1122" xlink:to="label1122" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="element1123" />
        <label xlink:type="resource" xlink:label="label1123" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherNonoperatingIncome_en-US">Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1123" xlink:to="label1123" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="element1124" />
        <label xlink:type="resource" xlink:label="label1124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherLiabilitiesCurrent_en-US">Other Liabilities, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1124" xlink:to="label1124" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="element1125" />
        <label xlink:type="resource" xlink:label="label1125" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherLiabilitiesCurrent_en-US">Other current liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1125" xlink:to="label1125" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="element1126" />
        <label xlink:type="resource" xlink:label="label1126" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_OtherLiabilitiesCurrent_en-US">Other Liabilities, Current, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1126" xlink:to="label1126" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="element1127" />
        <label xlink:type="resource" xlink:label="label1127" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_OtherLiabilitiesCurrent_en-US">Other current liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1127" xlink:to="label1127" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherPrepaidExpenseCurrent" xlink:label="element1128" />
        <label xlink:type="resource" xlink:label="label1128" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherPrepaidExpenseCurrent_en-US">Other Prepaid Expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1128" xlink:to="label1128" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="element1129" />
        <label xlink:type="resource" xlink:label="label1129" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_en-US">Other Postretirement Benefit Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1129" xlink:to="label1129" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="element1130" />
        <label xlink:type="resource" xlink:label="label1130" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember_en-US">Non-pension Benefit Plans [Member</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1130" xlink:to="label1130" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember" xlink:label="element1131" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1131" xlink:to="label1131" />
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        <label xlink:type="resource" xlink:label="label1132" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_OtherSundryLiabilitiesCurrent_en-US">Other Sundry Liabilities, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1132" xlink:to="label1132" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeMember" xlink:label="element1133" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1133" xlink:to="label1133" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1134" xlink:to="label1134" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParentAbstract" xlink:label="element1135" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrimeRateMember" xlink:label="element1137" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PartnershipInterestMember" xlink:label="element1140" />
        <label xlink:type="resource" xlink:label="label1140" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PartnershipInterestMember_en-US">Partnership Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1140" xlink:to="label1140" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentGuaranteeMember" xlink:label="element1141" />
        <label xlink:type="resource" xlink:label="label1141" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentGuaranteeMember_en-US">Payment Guarantee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1141" xlink:to="label1141" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="element1142" />
        <label xlink:type="resource" xlink:label="label1142" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_en-US">Payments for (Proceeds from) Other Investing Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1142" xlink:to="label1142" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="element1143" />
        <label xlink:type="resource" xlink:label="label1143" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_en-US">Other investing activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1143" xlink:to="label1143" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="element1144" />
        <label xlink:type="resource" xlink:label="label1144" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_en-US">Other investing activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1144" xlink:to="label1144" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForOtherOperatingActivities" xlink:label="element1145" />
        <label xlink:type="resource" xlink:label="label1145" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsForOtherOperatingActivities_en-US">Other operating activities, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1145" xlink:to="label1145" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForOtherOperatingActivities" xlink:label="element1146" />
        <label xlink:type="resource" xlink:label="label1146" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsForOtherOperatingActivities_en-US">Payments for Other Operating Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1146" xlink:to="label1146" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsForOtherOperatingActivities" xlink:label="element1147" />
        <label xlink:type="resource" xlink:label="label1147" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsForOtherOperatingActivities_en-US">Payments for Other Operating Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1147" xlink:to="label1147" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross" xlink:label="element1148" />
        <label xlink:type="resource" xlink:label="label1148" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireBusinessesGross_en-US">Payments to Acquire Businesses, Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1148" xlink:to="label1148" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="element1149" />
        <label xlink:type="resource" xlink:label="label1149" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_en-US">Payments of Dividends, Preferred Stock and Preference Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1149" xlink:to="label1149" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="element1150" />
        <label xlink:type="resource" xlink:label="label1150" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_en-US">Dividends on preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1150" xlink:to="label1150" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="element1151" />
        <label xlink:type="resource" xlink:label="label1151" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_en-US">Dividends on preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1151" xlink:to="label1151" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="element1152" />
        <label xlink:type="resource" xlink:label="label1152" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_en-US">Payments to Acquire Businesses, Net of Cash Acquired</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1152" xlink:to="label1152" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="element1153" />
        <label xlink:type="resource" xlink:label="label1153" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_en-US">Acquisition, net of cash acquired</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1153" xlink:to="label1153" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired" xlink:label="element1154" />
        <label xlink:type="resource" xlink:label="label1154" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired_en-US">Acquisition, net of cash acquired</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1154" xlink:to="label1154" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="element1155" />
        <label xlink:type="resource" xlink:label="label1155" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividendsMinorityInterest_en-US">Payments of Dividends by Subsidiaries to Non Controlling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1155" xlink:to="label1155" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="element1156" />
        <label xlink:type="resource" xlink:label="label1156" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividendsMinorityInterest_en-US">Dividends paid by subsidiaries to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1156" xlink:to="label1156" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsMinorityInterest" xlink:label="element1157" />
        <label xlink:type="resource" xlink:label="label1157" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsOfDividendsMinorityInterest_en-US">Dividends paid by subsidiaries to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1157" xlink:to="label1157" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="element1158" />
        <label xlink:type="resource" xlink:label="label1158" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquireEquityMethodInvestments_en-US">Purchase of investments subject to significant influence, inclusive of acquisition costs (note 15)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1158" xlink:to="label1158" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireEquityMethodInvestments" xlink:label="element1159" />
        <label xlink:type="resource" xlink:label="label1159" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireEquityMethodInvestments_en-US">Payments to Acquire Equity Method Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1159" xlink:to="label1159" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="element1160" />
        <label xlink:type="resource" xlink:label="label1160" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsOfDividendsCommonStock_en-US">Payments of Dividends, Common Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1160" xlink:to="label1160" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="element1161" />
        <label xlink:type="resource" xlink:label="label1161" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsOfDividendsCommonStock_en-US">Dividends on common stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1161" xlink:to="label1161" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="element1162" />
        <label xlink:type="resource" xlink:label="label1162" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsOfDividendsCommonStock_en-US">Dividends on common stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1162" xlink:to="label1162" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="element1163" />
        <label xlink:type="resource" xlink:label="label1163" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Payments to Acquire Property, Plant, and Equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1163" xlink:to="label1163" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="element1164" />
        <label xlink:type="resource" xlink:label="label1164" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Additions to property, plant and equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1164" xlink:to="label1164" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="element1165" />
        <label xlink:type="resource" xlink:label="label1165" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_en-US">Additions to property, plant and equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1165" xlink:to="label1165" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PaymentsToAcquireProductiveAssets" xlink:label="element1166" />
        <label xlink:type="resource" xlink:label="label1166" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PaymentsToAcquireProductiveAssets_en-US">Capital expenditures</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1166" xlink:to="label1166" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="element1167" />
        <label xlink:type="resource" xlink:label="label1167" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_en-US">Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1167" xlink:to="label1167" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="element1168" />
        <label xlink:type="resource" xlink:label="label1168" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_en-US">Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1168" xlink:to="label1168" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="element1169" />
        <label xlink:type="resource" xlink:label="label1169" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_en-US">Pension and post-retirement liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1169" xlink:to="label1169" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent" xlink:label="element1170" />
        <label xlink:type="resource" xlink:label="label1170" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent_en-US">Liabilities, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1170" xlink:to="label1170" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="element1171" />
        <label xlink:type="resource" xlink:label="label1171" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_en-US">EMPLOYEE BENEFIT PLANS</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1171" xlink:to="label1171" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock" xlink:label="element1172" />
        <label xlink:type="resource" xlink:label="label1172" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock_en-US">Pension and Other Postretirement Benefits Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1172" xlink:to="label1172" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionPlansDefinedBenefitMember" xlink:label="element1173" />
        <label xlink:type="resource" xlink:label="label1173" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionPlansDefinedBenefitMember_en-US">Pension Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1173" xlink:to="label1173" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementBenefitExpense" xlink:label="element1174" />
        <label xlink:type="resource" xlink:label="label1174" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementBenefitExpense_en-US">Pension and Other Postretirement Benefit Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1174" xlink:to="label1174" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities" xlink:label="element1175" />
        <label xlink:type="resource" xlink:label="label1175" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities_en-US">Pension and Other Postretirement Defined Benefit Plans, Current Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1175" xlink:to="label1175" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities" xlink:label="element1177" />
        <label xlink:type="resource" xlink:label="label1177" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities_en-US">Current Liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1177" xlink:to="label1177" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementPlansCostsMember" xlink:label="element1178" />
        <label xlink:type="resource" xlink:label="label1178" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementPlansCostsMember_en-US">Pension and post-retirement medical plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1178" xlink:to="label1178" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansNoncurrentLiabilitiesAbstract" xlink:label="element1179" />
        <label xlink:type="resource" xlink:label="label1179" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansNoncurrentLiabilitiesAbstract_en-US">Pension and Other Postretirement Defined Benefit Plans, Liabilities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1179" xlink:to="label1179" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PensionAndOtherPostretirementPlansPensionsPolicy" xlink:label="element1180" />
        <label xlink:type="resource" xlink:label="label1180" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PensionAndOtherPostretirementPlansPensionsPolicy_en-US">Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1180" xlink:to="label1180" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PhaseInPlanAmountOfCostsDeferredForRateMakingPurposes" xlink:label="element1181" />
        <label xlink:type="resource" xlink:label="label1181" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PhaseInPlanAmountOfCostsDeferredForRateMakingPurposes_en-US">Phase-in Plan, Amount of Costs Deferred for Rate-making Purposes</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1181" xlink:to="label1181" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PhaseInPlanAmountOfCapitalizedCostsRecovered" xlink:label="element1182" />
        <label xlink:type="resource" xlink:label="label1182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PhaseInPlanAmountOfCapitalizedCostsRecovered_en-US">Phase-in Plan, Amount of Capitalized Costs Recovered</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1182" xlink:to="label1182" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PlanNameDomain" xlink:label="element1183" />
        <label xlink:type="resource" xlink:label="label1183" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PlanNameDomain_en-US">Plan Name [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1183" xlink:to="label1183" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PlanAssetCategoriesDomain" xlink:label="element1184" />
        <label xlink:type="resource" xlink:label="label1184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PlanAssetCategoriesDomain_en-US">Plan Asset Categories [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1184" xlink:to="label1184" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PlanNameAxis" xlink:label="element1185" />
        <label xlink:type="resource" xlink:label="label1185" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PlanNameAxis_en-US">Plan Name [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1185" xlink:to="label1185" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember" xlink:label="element1186" />
        <label xlink:type="resource" xlink:label="label1186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PortionAtFairValueFairValueDisclosureMember_en-US">Portion at Fair Value Measurement [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1186" xlink:to="label1186" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorizedUnlimited" xlink:label="element1187" />
        <label xlink:type="resource" xlink:label="label1187" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesAuthorizedUnlimited_en-US">Preferred Stock, Shares Authorized, Unlimited</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1187" xlink:to="label1187" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorizedUnlimited" xlink:label="element1188" />
        <label xlink:type="resource" xlink:label="label1188" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockSharesAuthorizedUnlimited_en-US">Preferred Stock, Shares Authorized, Unlimited</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1188" xlink:to="label1188" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionPremium" xlink:label="element1189" />
        <label xlink:type="resource" xlink:label="label1189" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockRedemptionPremium_en-US">Preferred Stock Redemption Premium</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1189" xlink:to="label1189" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionPremium" xlink:label="element1190" />
        <label xlink:type="resource" xlink:label="label1190" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PreferredStockRedemptionPremium_en-US">Redemption of preferred shares by subsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1190" xlink:to="label1190" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1191" />
        <label xlink:type="resource" xlink:label="label1191" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesIssued_en-US">Preferred stock, shares issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1191" xlink:to="label1191" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1192" />
        <label xlink:type="resource" xlink:label="label1192" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PreferredStockSharesIssued_en-US">Preferred Stock, Shares Issued, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1192" xlink:to="label1192" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1193" />
        <label xlink:type="resource" xlink:label="label1193" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockSharesIssued_en-US">Preferred stock, shares issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1193" xlink:to="label1193" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesIssued" xlink:label="element1194" />
        <label xlink:type="resource" xlink:label="label1194" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockSharesIssued_en-US">Number of redeemable preferred shares issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1194" xlink:to="label1194" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="element1195" />
        <label xlink:type="resource" xlink:label="label1195" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockRedemptionPricePerShare_en-US">Preferred Stock, Redemption Price Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1195" xlink:to="label1195" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="element1196" />
        <label xlink:type="resource" xlink:label="label1196" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockRedemptionPricePerShare_en-US">Outstanding share redemption price per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1196" xlink:to="label1196" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePerDollarAmount" xlink:label="element1197" />
        <label xlink:type="resource" xlink:label="label1197" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendRatePerDollarAmount_en-US">Preferred Stock, Dividend Rate, Per-Dollar-Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1197" xlink:to="label1197" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePerDollarAmount" xlink:label="element1198" />
        <label xlink:type="resource" xlink:label="label1198" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockDividendRatePerDollarAmount_en-US">Amount per share used to determine dividend per share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1198" xlink:to="label1198" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="element1199" />
        <label xlink:type="resource" xlink:label="label1199" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendRatePercentage_en-US">Preferred stock, dividend rate, percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1199" xlink:to="label1199" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage" xlink:label="element1200" />
        <label xlink:type="resource" xlink:label="label1200" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockDividendRatePercentage_en-US">Percentage rate used to determine dividend rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1200" xlink:to="label1200" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="element1201" />
        <label xlink:type="resource" xlink:label="label1201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockMember_en-US">Preferred Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1201" xlink:to="label1201" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="element1202" />
        <label xlink:type="resource" xlink:label="label1202" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockDividendsPerShareDeclared_en-US">Cash dividends declared on preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1202" xlink:to="label1202" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="element1203" />
        <label xlink:type="resource" xlink:label="label1203" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendsPerShareDeclared_en-US">Preferred Stock, Dividends Per Share, Declared</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1203" xlink:to="label1203" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared" xlink:label="element1204" />
        <label xlink:type="resource" xlink:label="label1204" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockDividendsPerShareDeclared_en-US">Annual Dividend Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1204" xlink:to="label1204" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockTextBlock" xlink:label="element1205" />
        <label xlink:type="resource" xlink:label="label1205" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockTextBlock_en-US">CUMULATIVE PREFERRED STOCK</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1205" xlink:to="label1205" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockTextBlock" xlink:label="element1206" />
        <label xlink:type="resource" xlink:label="label1206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockTextBlock_en-US">Preferred Stock [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1206" xlink:to="label1206" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="element1207" />
        <label xlink:type="resource" xlink:label="label1207" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesAuthorized_en-US">Preferred Stock, Shares Authorized</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1207" xlink:to="label1207" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="element1208" />
        <label xlink:type="resource" xlink:label="label1208" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockDividendsIncomeStatementImpact_en-US">Preferred Stock Dividends, Income Statement Impact</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1208" xlink:to="label1208" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="element1209" />
        <label xlink:type="resource" xlink:label="label1209" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PreferredStockDividendsIncomeStatementImpact_en-US">Preferred stock dividends</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1209" xlink:to="label1209" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockDividendsIncomeStatementImpact" xlink:label="element1210" />
        <label xlink:type="resource" xlink:label="label1210" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockDividendsIncomeStatementImpact_en-US">Preferred stock dividends</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1210" xlink:to="label1210" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element1211" />
        <label xlink:type="resource" xlink:label="label1211" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockSharesOutstanding_en-US">Preferred Stock, Shares Outstanding</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="element1215" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValueOutstanding" xlink:label="element1216" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1217" />
        <label xlink:type="resource" xlink:label="label1217" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PreferredStockValue_en-US">Preferred Stock, Value, Issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1217" xlink:to="label1217" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1218" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1218" xlink:to="label1218" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1219" />
        <label xlink:type="resource" xlink:label="label1219" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_PreferredStockValue_en-US">Preferred Stock, Value, Issued, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1219" xlink:to="label1219" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1220" />
        <label xlink:type="resource" xlink:label="label1220" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PreferredStockValue_en-US">Preferred Stock, Value, Issued, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1220" xlink:to="label1220" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="element1221" />
        <label xlink:type="resource" xlink:label="label1221" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PreferredStockValue_en-US">Cumulative preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1221" xlink:to="label1221" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssets" xlink:label="element1222" />
        <label xlink:type="resource" xlink:label="label1222" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PrepaidExpenseAndOtherAssets_en-US">Prepaid expenses</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1222" xlink:to="label1222" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrentAbstract" xlink:label="element1223" />
        <label xlink:type="resource" xlink:label="label1223" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PrepaidExpenseAndOtherAssetsCurrentAbstract_en-US">Prepaid Expense and Other Assets, Current [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1223" xlink:to="label1223" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="element1224" />
        <label xlink:type="resource" xlink:label="label1224" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PrepaidExpenseCurrent_en-US">Prepayments and other current assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1224" xlink:to="label1224" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="element1225" />
        <label xlink:type="resource" xlink:label="label1225" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PrepaidExpenseCurrent_en-US">Prepaid Expense, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1225" xlink:to="label1225" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="element1226" />
        <label xlink:type="resource" xlink:label="label1226" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PrepaidExpenseCurrent_en-US">Prepayments and other current assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1226" xlink:to="label1226" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfShortTermDebt" xlink:label="element1227" />
        <label xlink:type="resource" xlink:label="label1227" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_en-US">Change in short-term debt, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1227" xlink:to="label1227" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfShortTermDebt" xlink:label="element1228" />
        <label xlink:type="resource" xlink:label="label1228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromRepaymentsOfShortTermDebt_en-US">Proceeds from (Repayments of) Short-term Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1228" xlink:to="label1228" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital" xlink:label="element1229" />
        <label xlink:type="resource" xlink:label="label1229" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital_en-US">Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1229" xlink:to="label1229" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock" xlink:label="element1230" />
        <label xlink:type="resource" xlink:label="label1230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock_en-US">Proceeds from (Repurchase of) Redeemable Preferred Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1230" xlink:to="label1230" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock" xlink:label="element1231" />
        <label xlink:type="resource" xlink:label="label1231" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock_en-US">Redemption of preferred shares by subsidiary</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1231" xlink:to="label1231" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="element1232" />
        <label xlink:type="resource" xlink:label="label1232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_en-US">Proceeds from (Payments for) Other Financing Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1232" xlink:to="label1232" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="element1233" />
        <label xlink:type="resource" xlink:label="label1233" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_en-US">Other financing activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1233" xlink:to="label1233" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="element1234" />
        <label xlink:type="resource" xlink:label="label1234" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_en-US">Other financing activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1234" xlink:to="label1234" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="element1235" />
        <label xlink:type="resource" xlink:label="label1235" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfDebt_en-US">Proceeds from Issuance of Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1235" xlink:to="label1235" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromConvertibleDebt" xlink:label="element1236" />
        <label xlink:type="resource" xlink:label="label1236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromConvertibleDebt_en-US">Proceeds from Convertible Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1236" xlink:to="label1236" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromConvertibleDebt" xlink:label="element1237" />
        <label xlink:type="resource" xlink:label="label1237" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromConvertibleDebt_en-US">Proceeds from convertible debentures, net of issuance costs (2015 represented by instalment receipts)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1237" xlink:to="label1237" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries" xlink:label="element1238" />
        <label xlink:type="resource" xlink:label="label1238" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries_en-US">Proceeds on distribution from investment subject to significant influence</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1238" xlink:to="label1238" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="element1239" />
        <label xlink:type="resource" xlink:label="label1239" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromIssuanceOfLongTermDebt_en-US">Proceeds from long-term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1239" xlink:to="label1239" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="element1240" />
        <label xlink:type="resource" xlink:label="label1240" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfLongTermDebt_en-US">Proceeds from Issuance of Long-term Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1240" xlink:to="label1240" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="element1241" />
        <label xlink:type="resource" xlink:label="label1241" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromIssuanceOfCommonStock_en-US">Issuance of common stock, net of issuance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1241" xlink:to="label1241" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="element1242" />
        <label xlink:type="resource" xlink:label="label1242" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfCommonStock_en-US">Proceeds from Issuance of Common Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1242" xlink:to="label1242" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="element1243" />
        <label xlink:type="resource" xlink:label="label1243" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_en-US">Proceeds from Issuance of Redeemable Preferred Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1243" xlink:to="label1243" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock" xlink:label="element1244" />
        <label xlink:type="resource" xlink:label="label1244" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ProceedsFromIssuanceOfRedeemablePreferredStock_en-US">Proceeds from issuance of redeemable preferred stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1244" xlink:to="label1244" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="element1245" />
        <label xlink:type="resource" xlink:label="label1245" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_en-US">Issuance of preferred stock, net of issuance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1245" xlink:to="label1245" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="element1246" />
        <label xlink:type="resource" xlink:label="label1246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock_en-US">Proceeds from Issuance of Preferred Stock and Preference Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1246" xlink:to="label1246" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromLongTermLinesOfCredit" xlink:label="element1247" />
        <label xlink:type="resource" xlink:label="label1247" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromLongTermLinesOfCredit_en-US">Proceeds from Long-term Lines of Credit</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromLongTermLinesOfCredit" xlink:label="element1248" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1248" xlink:to="label1248" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfEquityMethodInvestments" xlink:label="element1249" />
        <label xlink:type="resource" xlink:label="label1249" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSaleOfEquityMethodInvestments_en-US">Proceeds from Sale of Equity Method Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1249" xlink:to="label1249" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSaleOfEquityMethodInvestments" xlink:label="element1250" />
        <label xlink:type="resource" xlink:label="label1250" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProceedsFromSaleOfEquityMethodInvestments_en-US">Net proceeds on sale of investment subject to significant influence</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1250" xlink:to="label1250" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromOtherOperatingActivities" xlink:label="element1251" />
        <label xlink:type="resource" xlink:label="label1251" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromOtherOperatingActivities_en-US">Proceeds from Other Operating Activities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1251" xlink:to="label1251" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProceedsFromSubordinatedShortTermDebt" xlink:label="element1252" />
        <label xlink:type="resource" xlink:label="label1252" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProceedsFromSubordinatedShortTermDebt_en-US">Aggregate proceeds of the Debenture Offering</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1252" xlink:to="label1252" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element1253" />
        <label xlink:type="resource" xlink:label="label1253" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ProfitLoss_en-US">Net income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1253" xlink:to="label1253" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element1254" />
        <label xlink:type="resource" xlink:label="label1254" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ProfitLoss_en-US">Net Income (Loss), Including Portion Attributable to Noncontrolling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1254" xlink:to="label1254" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element1255" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1255" xlink:to="label1255" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ProfitLoss" xlink:label="element1256" />
        <label xlink:type="resource" xlink:label="label1256" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ProfitLoss_en-US">Net income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1256" xlink:to="label1256" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="element1257" />
        <label xlink:type="resource" xlink:label="label1257" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentUsefulLife_en-US">Property, Plant and Equipment, Useful Life</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1257" xlink:to="label1257" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="element1258" />
        <label xlink:type="resource" xlink:label="label1258" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentTypeDomain_en-US">Property, Plant and Equipment, Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1258" xlink:to="label1258" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="element1259" />
        <label xlink:type="resource" xlink:label="label1259" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock_en-US">Property, Plant and Equipment, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1259" xlink:to="label1259" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="element1260" />
        <label xlink:type="resource" xlink:label="label1260" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentAbstract_en-US">Property, Plant and Equipment [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1260" xlink:to="label1260" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="element1261" />
        <label xlink:type="resource" xlink:label="label1261" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PropertyPlantAndEquipmentAbstract_en-US">PROPERTY, PLANT AND EQUIPMENT [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1261" xlink:to="label1261" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="element1262" />
        <label xlink:type="resource" xlink:label="label1262" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentAdditions_en-US">Property plant and equipment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1262" xlink:to="label1262" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTextBlock" xlink:label="element1263" />
        <label xlink:type="resource" xlink:label="label1263" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentTextBlock_en-US">Property, Plant and Equipment [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1263" xlink:to="label1263" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="element1264" />
        <label xlink:type="resource" xlink:label="label1264" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentNet_en-US">Property, Plant and Equipment, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1264" xlink:to="label1264" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="element1265" />
        <label xlink:type="resource" xlink:label="label1265" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_PropertyPlantAndEquipmentNet_en-US">Property, Plant and Equipment, Net, Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1265" xlink:to="label1265" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="element1266" />
        <label xlink:type="resource" xlink:label="label1266" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_PropertyPlantAndEquipmentNet_en-US">Property, Plant and Equipment, Net, Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1266" xlink:to="label1266" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="element1267" />
        <label xlink:type="resource" xlink:label="label1267" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PropertyPlantAndEquipmentNet_en-US">Property, plant and equipment, net of accumulated depreciation and amortization of $7,787and $3,737, respectively</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1267" xlink:to="label1267" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="element1268" />
        <label xlink:type="resource" xlink:label="label1268" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PropertyPlantAndEquipmentNet_en-US">Property, Plant and Equipment, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1268" xlink:to="label1268" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentMember" xlink:label="element1269" />
        <label xlink:type="resource" xlink:label="label1269" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentMember_en-US">Property, Plant and Equipment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1269" xlink:to="label1269" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNetByTypeAbstract" xlink:label="element1270" />
        <label xlink:type="resource" xlink:label="label1270" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentNetByTypeAbstract_en-US">Property, Plant and Equipment, Net, by Type [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1270" xlink:to="label1270" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="element1271" />
        <label xlink:type="resource" xlink:label="label1271" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentLineItems_en-US">Property, Plant and Equipment [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1271" xlink:to="label1271" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="element1272" />
        <label xlink:type="resource" xlink:label="label1272" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentGross_en-US">Property, Plant and Equipment, Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1272" xlink:to="label1272" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross" xlink:label="element1273" />
        <label xlink:type="resource" xlink:label="label1273" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PropertyPlantAndEquipmentGross_en-US">Total cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1273" xlink:to="label1273" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="element1274" />
        <label xlink:type="resource" xlink:label="label1274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentByTypeAxis_en-US">Property, Plant and Equipment, Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1274" xlink:to="label1274" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="element1275" />
        <label xlink:type="resource" xlink:label="label1275" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_en-US">PROPERTY, PLANT AND EQUIPMENT</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1275" xlink:to="label1275" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock" xlink:label="element1276" />
        <label xlink:type="resource" xlink:label="label1276" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock_en-US">Property, Plant and Equipment Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1276" xlink:to="label1276" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesRequestedEquityCapitalStructurePercentage" xlink:label="element1277" />
        <label xlink:type="resource" xlink:label="label1277" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesRequestedEquityCapitalStructurePercentage_en-US">Regulated common equity component</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1277" xlink:to="label1277" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresTable" xlink:label="element1278" />
        <label xlink:type="resource" xlink:label="label1278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesGeneralDisclosuresTable_en-US">Public Utilities General Disclosures [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1278" xlink:to="label1278" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount" xlink:label="element1279" />
        <label xlink:type="resource" xlink:label="label1279" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesRequestedRateIncreaseDecreaseAmount_en-US">Public Utilities, Requested Rate Increase (Decrease), Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1279" xlink:to="label1279" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingDomain" xlink:label="element1280" />
        <label xlink:type="resource" xlink:label="label1280" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesRegulatoryProceedingDomain_en-US">Public Utilities, Regulatory Proceeding [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1280" xlink:to="label1280" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage" xlink:label="element1281" />
        <label xlink:type="resource" xlink:label="label1281" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesRequestedReturnOnEquityPercentage_en-US">Public Utilities, Requested Return on Equity, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1281" xlink:to="label1281" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentDistributionUsefulLife" xlink:label="element1282" />
        <label xlink:type="resource" xlink:label="label1282" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentDistributionUsefulLife_en-US">Public Utilities, Property, Plant and Equipment, Distribution, Useful Life</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1282" xlink:to="label1282" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesApprovedReturnOnEquityPercentage" xlink:label="element1283" />
        <label xlink:type="resource" xlink:label="label1283" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesApprovedReturnOnEquityPercentage_en-US">Public Utilities, Approved Return on Equity, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1283" xlink:to="label1283" />
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        <label xlink:type="resource" xlink:label="label1284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesInventoryCoalMember_en-US">Coal [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1284" xlink:to="label1284" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAmountOfIndirectDisallowanceOfCostsOfRecentlyCompletedPlants" xlink:label="element1285" />
        <label xlink:type="resource" xlink:label="label1285" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAmountOfIndirectDisallowanceOfCostsOfRecentlyCompletedPlants_en-US">Public Utilities, Property, Plant and Equipment, Amount of Indirect Disallowance of Costs of Recently Completed Plants</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1285" xlink:to="label1285" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentEquipmentUsefulLife" xlink:label="element1286" />
        <label xlink:type="resource" xlink:label="label1286" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentEquipmentUsefulLife_en-US">Property plant and equipment useful life</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1286" xlink:to="label1286" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreasePercentage" xlink:label="element1287" />
        <label xlink:type="resource" xlink:label="label1287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreasePercentage_en-US">Public Utilities, Approved Rate Increase (Decrease), Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1287" xlink:to="label1287" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreasePercentage" xlink:label="element1288" />
        <label xlink:type="resource" xlink:label="label1288" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreasePercentage_en-US">Approved average annual increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1288" xlink:to="label1288" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesGeneralDisclosuresLineItems" xlink:label="element1289" />
        <label xlink:type="resource" xlink:label="label1289" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesGeneralDisclosuresLineItems_en-US">Public Utilities, General Disclosures [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1289" xlink:to="label1289" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesRegulatoryProceedingAxis" xlink:label="element1290" />
        <label xlink:type="resource" xlink:label="label1290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesRegulatoryProceedingAxis_en-US">Public Utilities, Regulatory Proceeding [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1290" xlink:to="label1290" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesInterimRateIncreaseDecreasePercentage" xlink:label="element1291" />
        <label xlink:type="resource" xlink:label="label1291" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesInterimRateIncreaseDecreasePercentage_en-US">Public Utilities, Interim Rate Increase (Decrease), Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1291" xlink:to="label1291" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress" xlink:label="element1292" />
        <label xlink:type="resource" xlink:label="label1292" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress_en-US">Public Utilities, Property, Plant and Equipment, Construction Work in Progress</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1292" xlink:to="label1292" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAmountOfLossRecoveryOnPlantAbandonment" xlink:label="element1293" />
        <label xlink:type="resource" xlink:label="label1293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentAmountOfLossRecoveryOnPlantAbandonment_en-US">Public Utilities, Property, Plant and Equipment, Amount of Loss (Recovery) on Plant Abandonment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1293" xlink:to="label1293" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity" xlink:label="element1294" />
        <label xlink:type="resource" xlink:label="label1294" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedCostOfEquity_en-US">Public Utilities, Allowance for Funds Used During Construction, Capitalized Cost of Equity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1294" xlink:to="label1294" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount" xlink:label="element1295" />
        <label xlink:type="resource" xlink:label="label1295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesApprovedRateIncreaseDecreaseAmount_en-US">Public Utilities, Approved Rate Increase (Decrease), Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1295" xlink:to="label1295" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesApprovedEquityCapitalStructurePercentage" xlink:label="element1296" />
        <label xlink:type="resource" xlink:label="label1296" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesApprovedEquityCapitalStructurePercentage_en-US">Public Utilities, Approved Equity Capital Structure, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1296" xlink:to="label1296" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest" xlink:label="element1297" />
        <label xlink:type="resource" xlink:label="label1297" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest_en-US">Allowance for Funds Used During Construction, Capitalized Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1297" xlink:to="label1297" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest" xlink:label="element1298" />
        <label xlink:type="resource" xlink:label="label1298" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest_en-US">Allowance for Funds Used During Construction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1298" xlink:to="label1298" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest" xlink:label="element1299" />
        <label xlink:type="resource" xlink:label="label1299" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest_en-US">Allowance for Funds Used During Construction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1299" xlink:to="label1299" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentTransmissionAndDistribution" xlink:label="element1300" />
        <label xlink:type="resource" xlink:label="label1300" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentTransmissionAndDistribution_en-US">Public Utilities, Property, Plant and Equipment, Transmission and Distribution</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1300" xlink:to="label1300" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="element1301" />
        <label xlink:type="resource" xlink:label="label1301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_en-US">Public Utilities, Property, Plant and Equipment, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1301" xlink:to="label1301" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet" xlink:label="element1302" />
        <label xlink:type="resource" xlink:label="label1302" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_PublicUtilitiesPropertyPlantAndEquipmentNet_en-US">Net Book Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1302" xlink:to="label1302" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilityAxis" xlink:label="element1303" />
        <label xlink:type="resource" xlink:label="label1303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilityAxis_en-US">Public Utility [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1303" xlink:to="label1303" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_PublicUtilityRegulatedOrUnregulatedStatusAxis" xlink:label="element1304" />
        <label xlink:type="resource" xlink:label="label1304" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_PublicUtilityRegulatedOrUnregulatedStatusAxis_en-US">Regulation Status [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1304" xlink:to="label1304" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RemovalCostsMember" xlink:label="element1305" />
        <label xlink:type="resource" xlink:label="label1305" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RemovalCostsMember_en-US">Accumulated reserve - cost of removal [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1305" xlink:to="label1305" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeAxis" xlink:label="element1306" />
        <label xlink:type="resource" xlink:label="label1306" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RangeAxis_en-US">Range [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1306" xlink:to="label1306" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RangeMember" xlink:label="element1307" />
        <label xlink:type="resource" xlink:label="label1307" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RangeMember_en-US">Range [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1307" xlink:to="label1307" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RatioOfIndebtednessToNetCapital1" xlink:label="element1308" />
        <label xlink:type="resource" xlink:label="label1308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RatioOfIndebtednessToNetCapital1_en-US">Ratio of Indebtedness to Net Capital</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1308" xlink:to="label1308" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RealEstateInvestmentMember" xlink:label="element1309" />
        <label xlink:type="resource" xlink:label="label1309" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RealEstateInvestmentMember_en-US">Real Estate Investment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1309" xlink:to="label1309" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReasonablyPossibleSignificantChangeInUnrecognizedTaxBenefitsByItemAxis" xlink:label="element1310" />
        <label xlink:type="resource" xlink:label="label1310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReasonablyPossibleSignificantChangeInUnrecognizedTaxBenefitsByItemAxis_en-US">Nature of Uncertainty [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1310" xlink:to="label1310" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesPolicyTextBlock" xlink:label="element1311" />
        <label xlink:type="resource" xlink:label="label1311" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReceivablesPolicyTextBlock_en-US">Receivables, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1311" xlink:to="label1311" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="element1312" />
        <label xlink:type="resource" xlink:label="label1312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReceivablesAbstract_en-US">Receivables [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1312" xlink:to="label1312" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesAbstract" xlink:label="element1313" />
        <label xlink:type="resource" xlink:label="label1313" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ReceivablesAbstract_en-US">RECEIVABLES, NET [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1313" xlink:to="label1313" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesBillingStatusDomain" xlink:label="element1314" />
        <label xlink:type="resource" xlink:label="label1314" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReceivablesBillingStatusDomain_en-US">Receivables Billing Status [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1314" xlink:to="label1314" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesNetCurrent" xlink:label="element1315" />
        <label xlink:type="resource" xlink:label="label1315" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReceivablesNetCurrent_en-US">Receivables, Net, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1315" xlink:to="label1315" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesNetCurrent" xlink:label="element1316" />
        <label xlink:type="resource" xlink:label="label1316" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_ReceivablesNetCurrent_en-US">Receivables, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1316" xlink:to="label1316" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReceivablesNetCurrent" xlink:label="element1317" />
        <label xlink:type="resource" xlink:label="label1317" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ReceivablesNetCurrent_en-US">Receivables, net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1317" xlink:to="label1317" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:label="element1318" />
        <label xlink:type="resource" xlink:label="label1318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_en-US">Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1318" xlink:to="label1318" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable" xlink:label="element1319" />
        <label xlink:type="resource" xlink:label="label1319" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTable_en-US">Reclassification out of Accumulated Other Comprehensive Income [Table]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis" xlink:label="element1322" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1322" xlink:to="label1322" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent" xlink:label="element1323" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent" xlink:label="element1324" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent" xlink:label="element1325" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:label="element1326" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Reclassifications" xlink:label="element1327" />
        <label xlink:type="resource" xlink:label="label1327" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Reclassifications_en-US">COMPARATIVE INFORMATION</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward" xlink:label="element1328" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1328" xlink:to="label1328" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RecordedUnconditionalPurchaseObligationLineItems" xlink:label="element1329" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1329" xlink:to="label1329" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RecordedUnconditionalPurchaseObligationTable" xlink:label="element1330" />
        <label xlink:type="resource" xlink:label="label1330" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RecordedUnconditionalPurchaseObligationTable_en-US">Recorded Unconditional Purchase Obligation [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1330" xlink:to="label1330" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis" xlink:label="element1331" />
        <label xlink:type="resource" xlink:label="label1331" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RecordedUnconditionalPurchaseObligationByCategoryOfItemPurchasedAxis_en-US">Recorded Unconditional Purchase Obligation by Category of Item Purchased [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1331" xlink:to="label1331" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RecoveryStrandedCosts" xlink:label="element1332" />
        <label xlink:type="resource" xlink:label="label1332" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RecoveryStrandedCosts_en-US">Recovery Stranded Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1332" xlink:to="label1332" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedAndUnregulatedOperationDomain" xlink:label="element1333" />
        <label xlink:type="resource" xlink:label="label1333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatedAndUnregulatedOperationDomain_en-US">Regulated and Unregulated Operation [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1333" xlink:to="label1333" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenue" xlink:label="element1334" />
        <label xlink:type="resource" xlink:label="label1334" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RegulatedOperatingRevenue_en-US">Regulated</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1334" xlink:to="label1334" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenue" xlink:label="element1335" />
        <label xlink:type="resource" xlink:label="label1335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatedOperatingRevenue_en-US">Regulated Operating Revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1335" xlink:to="label1335" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperationMember" xlink:label="element1336" />
        <label xlink:type="resource" xlink:label="label1336" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatedOperationMember_en-US">Regulated Operation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1336" xlink:to="label1336" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenueGas" xlink:label="element1337" />
        <label xlink:type="resource" xlink:label="label1337" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RegulatedOperatingRevenueGas_en-US">Regulated</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1337" xlink:to="label1337" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenueGas" xlink:label="element1338" />
        <label xlink:type="resource" xlink:label="label1338" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatedOperatingRevenueGas_en-US">Regulated Operating Revenue, Gas</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1338" xlink:to="label1338" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenueGas" xlink:label="element1339" />
        <label xlink:type="resource" xlink:label="label1339" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RegulatedOperatingRevenueGas_en-US">Regulated Gas</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1339" xlink:to="label1339" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenueElectricNonNuclear" xlink:label="element1340" />
        <label xlink:type="resource" xlink:label="label1340" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatedOperatingRevenueElectricNonNuclear_en-US">Regulated Operating Revenue, Electric, Non-Nuclear</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1340" xlink:to="label1340" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenueElectricNonNuclear" xlink:label="element1341" />
        <label xlink:type="resource" xlink:label="label1341" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_RegulatedOperatingRevenueElectricNonNuclear_en-US">Regulated electric</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1341" xlink:to="label1341" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatedOperatingRevenueOther" xlink:label="element1342" />
        <label xlink:type="resource" xlink:label="label1342" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatedOperatingRevenueOther_en-US">Regulated Operating Revenue, Other</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1342" xlink:to="label1342" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAgencyAxis" xlink:label="element1343" />
        <label xlink:type="resource" xlink:label="label1343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryAgencyAxis_en-US">Regulatory Agency [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1343" xlink:to="label1343" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssetDomain" xlink:label="element1344" />
        <label xlink:type="resource" xlink:label="label1344" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryAssetDomain_en-US">Regulatory Asset [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1344" xlink:to="label1344" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryLiabilityAxis" xlink:label="element1345" />
        <label xlink:type="resource" xlink:label="label1345" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryLiabilityAxis_en-US">Regulatory Liability [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1345" xlink:to="label1345" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="element1346" />
        <label xlink:type="resource" xlink:label="label1346" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryLiabilityNoncurrent_en-US">Regulatory Liability, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1346" xlink:to="label1346" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="element1347" />
        <label xlink:type="resource" xlink:label="label1347" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RegulatoryLiabilityNoncurrent_en-US">Regulatory Liability, Noncurrent, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1347" xlink:to="label1347" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryLiabilityNoncurrent" xlink:label="element1348" />
        <label xlink:type="resource" xlink:label="label1348" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RegulatoryLiabilityNoncurrent_en-US">Regulatory liabilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1348" xlink:to="label1348" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryLiabilityDomain" xlink:label="element1349" />
        <label xlink:type="resource" xlink:label="label1349" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryLiabilityDomain_en-US">Regulatory Liability [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1349" xlink:to="label1349" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssetAmortizationPeriod" xlink:label="element1350" />
        <label xlink:type="resource" xlink:label="label1350" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryAssetAmortizationPeriod_en-US">Regulatory Asset Amortization Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1350" xlink:to="label1350" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="element1351" />
        <label xlink:type="resource" xlink:label="label1351" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryAssetsNoncurrent_en-US">Regulatory Assets, Noncurrent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1351" xlink:to="label1351" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssetsNoncurrent" xlink:label="element1352" />
        <label xlink:type="resource" xlink:label="label1352" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RegulatoryAssetsNoncurrent_en-US">Regulatory assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1352" xlink:to="label1352" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="element1353" />
        <label xlink:type="resource" xlink:label="label1353" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryAssets_en-US">Regulatory Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1353" xlink:to="label1353" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="element1354" />
        <label xlink:type="resource" xlink:label="label1354" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RegulatoryAssets_en-US">Regulatory Assets, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1354" xlink:to="label1354" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="element1355" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1355" xlink:to="label1355" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssets" xlink:label="element1356" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1366" xlink:to="label1366" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1367" xlink:to="label1367" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1368" xlink:to="label1368" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1369" xlink:to="label1369" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RegulatoryAssetAxis" xlink:label="element1370" />
        <label xlink:type="resource" xlink:label="label1370" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RegulatoryAssetAxis_en-US">Regulatory Asset [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1370" xlink:to="label1370" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionRate" xlink:label="element1371" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1371" xlink:to="label1371" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="element1372" />
        <label xlink:type="resource" xlink:label="label1372" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_en-US">RELATED PARTY TRANSACTIONS</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1372" xlink:to="label1372" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="element1373" />
        <label xlink:type="resource" xlink:label="label1373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsDisclosureTextBlock_en-US">Related Party Transactions Disclosure [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1373" xlink:to="label1373" />
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        <label xlink:type="resource" xlink:label="label1374" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract_en-US">Related Party Transaction, Due from (to) Related Party [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1374" xlink:to="label1374" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="element1375" />
        <label xlink:type="resource" xlink:label="label1375" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyDomain_en-US">Related Party [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1375" xlink:to="label1375" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="element1376" />
        <label xlink:type="resource" xlink:label="label1376" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionLineItems_en-US">Related Party Transaction [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1376" xlink:to="label1376" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="element1377" />
        <label xlink:type="resource" xlink:label="label1377" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionAxis_en-US">Related Party Transaction [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1377" xlink:to="label1377" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedParty" xlink:label="element1378" />
        <label xlink:type="resource" xlink:label="label1378" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDueFromToRelatedParty_en-US">Related Party Transaction, Due from (to) Related Party</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1378" xlink:to="label1378" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedParty" xlink:label="element1379" />
        <label xlink:type="resource" xlink:label="label1379" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_RelatedPartyTransactionDueFromToRelatedParty_en-US">Related Party Transaction, Due from (to) Related Party</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1379" xlink:to="label1379" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="element1380" />
        <label xlink:type="resource" xlink:label="label1380" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_en-US">Related Party [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1380" xlink:to="label1380" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="element1381" />
        <label xlink:type="resource" xlink:label="label1381" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionDomain_en-US">Related Party Transaction [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1381" xlink:to="label1381" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="element1382" />
        <label xlink:type="resource" xlink:label="label1382" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionsAbstract_en-US">Related Party Transactions [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1382" xlink:to="label1382" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty" xlink:label="element1383" />
        <label xlink:type="resource" xlink:label="label1383" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RelatedPartyTransactionPurchasesFromRelatedParty_en-US">Related Party Transaction, Purchases from Related Party</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1383" xlink:to="label1383" />
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        <label xlink:type="resource" xlink:label="label1384" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RepaymentOfNotesReceivableFromRelatedParties_en-US">Repayment of Notes Receivable from Related Parties</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1384" xlink:to="label1384" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentOfNotesReceivableFromRelatedParties" xlink:label="element1385" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1385" xlink:to="label1385" />
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        <label xlink:type="resource" xlink:label="label1386" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RepaymentsOfLongTermDebt_en-US">Repayments of Long-term Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1386" xlink:to="label1386" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="element1387" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1387" xlink:to="label1387" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1388" xlink:to="label1388" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="element1397" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenueFromRelatedParties" xlink:label="element1398" />
        <label xlink:type="resource" xlink:label="label1398" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RevenueFromRelatedParties_en-US">Revenue from Related Parties</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1399" xlink:to="label1399" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Revenues" xlink:label="element1400" />
        <label xlink:type="resource" xlink:label="label1400" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_Revenues_en-US">Total operating revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1400" xlink:to="label1400" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Revenues" xlink:label="element1401" />
        <label xlink:type="resource" xlink:label="label1401" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_Revenues_en-US">Revenues, Total</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1401" xlink:to="label1401" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_Revenues" xlink:label="element1402" />
        <label xlink:type="resource" xlink:label="label1402" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_us-gaap_Revenues_en-US">Total operating revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1402" xlink:to="label1402" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="element1403" />
        <label xlink:type="resource" xlink:label="label1403" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_RevenuesAbstract_en-US">Operating revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1403" xlink:to="label1403" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="element1404" />
        <label xlink:type="resource" xlink:label="label1404" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RevenuesAbstract_en-US">Revenues [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1404" xlink:to="label1404" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="element1405" />
        <label xlink:type="resource" xlink:label="label1405" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_RevolvingCreditFacilityMember_en-US">Revolving Credit Facility [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1405" xlink:to="label1405" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1" xlink:label="element1406" />
        <label xlink:type="resource" xlink:label="label1406" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1406" xlink:to="label1406" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueAbstract" xlink:label="element1407" />
        <label xlink:type="resource" xlink:label="label1407" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueAbstract_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1407" xlink:to="label1407" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1" xlink:label="element1408" />
        <label xlink:type="resource" xlink:label="label1408" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1408" xlink:to="label1408" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1409" />
        <label xlink:type="resource" xlink:label="label1409" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1409" xlink:to="label1409" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1410" />
        <label xlink:type="resource" xlink:label="label1410" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1410" xlink:to="label1410" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1411" />
        <label xlink:type="resource" xlink:label="label1411" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1411" xlink:to="label1411" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValueAbstract" xlink:label="element1412" />
        <label xlink:type="resource" xlink:label="label1412" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValueAbstract_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1412" xlink:to="label1412" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue" xlink:label="element1413" />
        <label xlink:type="resource" xlink:label="label1413" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_en-US">Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1413" xlink:to="label1413" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares" xlink:label="element1414" />
        <label xlink:type="resource" xlink:label="label1414" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_en-US">Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1414" xlink:to="label1414" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares" xlink:label="element1415" />
        <label xlink:type="resource" xlink:label="label1415" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares_en-US">Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1415" xlink:to="label1415" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1" xlink:label="element1416" />
        <label xlink:type="resource" xlink:label="label1416" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1416" xlink:to="label1416" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding" xlink:label="element1417" />
        <label xlink:type="resource" xlink:label="label1417" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1417" xlink:to="label1417" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding" xlink:label="element1418" />
        <label xlink:type="resource" xlink:label="label1418" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1418" xlink:to="label1418" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding" xlink:label="element1419" />
        <label xlink:type="resource" xlink:label="label1419" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1419" xlink:to="label1419" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1" xlink:label="element1420" />
        <label xlink:type="resource" xlink:label="label1420" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1420" xlink:to="label1420" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares" xlink:label="element1421" />
        <label xlink:type="resource" xlink:label="label1421" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1421" xlink:to="label1421" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfSharesRollForward" xlink:label="element1422" />
        <label xlink:type="resource" xlink:label="label1422" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfSharesRollForward_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1422" xlink:to="label1422" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares" xlink:label="element1423" />
        <label xlink:type="resource" xlink:label="label1423" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Number of Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1423" xlink:to="label1423" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares" xlink:label="element1424" />
        <label xlink:type="resource" xlink:label="label1424" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1424" xlink:to="label1424" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares" xlink:label="element1425" />
        <label xlink:type="resource" xlink:label="label1425" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1425" xlink:to="label1425" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage" xlink:label="element1426" />
        <label xlink:type="resource" xlink:label="label1426" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1523" xlink:to="label1523" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1531" xlink:to="label1531" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:label="element1532" />
        <label xlink:type="resource" xlink:label="label1532" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationAwardTrancheTwoMember_en-US">Share-based Compensation Award, Tranche Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1532" xlink:to="label1532" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheTwoMember" xlink:label="element1533" />
        <label xlink:type="resource" xlink:label="label1533" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationAwardTrancheTwoMember_en-US">Second Anniversary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1533" xlink:to="label1533" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice" xlink:label="element1534" />
        <label xlink:type="resource" xlink:label="label1534" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_en-US">Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1534" xlink:to="label1534" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1535" />
        <label xlink:type="resource" xlink:label="label1535" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1535" xlink:to="label1535" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised" xlink:label="element1536" />
        <label xlink:type="resource" xlink:label="label1536" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1536" xlink:to="label1536" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross" xlink:label="element1537" />
        <label xlink:type="resource" xlink:label="label1537" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1537" xlink:to="label1537" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="element1538" />
        <label xlink:type="resource" xlink:label="label1538" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_en-US">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1538" xlink:to="label1538" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber" xlink:label="element1539" />
        <label xlink:type="resource" xlink:label="label1539" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1539" xlink:to="label1539" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber" xlink:label="element1540" />
        <label xlink:type="resource" xlink:label="label1540" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1540" xlink:to="label1540" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber" xlink:label="element1541" />
        <label xlink:type="resource" xlink:label="label1541" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1541" xlink:to="label1541" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward" xlink:label="element1542" />
        <label xlink:type="resource" xlink:label="label1542" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePriceRollforward_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1542" xlink:to="label1542" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:label="element1543" />
        <label xlink:type="resource" xlink:label="label1543" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationAwardTrancheThreeMember_en-US">Share-based Compensation Award, Tranche Three [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1543" xlink:to="label1543" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheThreeMember" xlink:label="element1544" />
        <label xlink:type="resource" xlink:label="label1544" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationAwardTrancheThreeMember_en-US">Third Anniversary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1544" xlink:to="label1544" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures" xlink:label="element1545" />
        <label xlink:type="resource" xlink:label="label1545" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1545" xlink:to="label1545" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:label="element1546" />
        <label xlink:type="resource" xlink:label="label1546" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationAwardTrancheOneMember_en-US">Share-based Compensation Award, Tranche One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1546" xlink:to="label1546" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationAwardTrancheOneMember" xlink:label="element1547" />
        <label xlink:type="resource" xlink:label="label1547" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_ShareBasedCompensationAwardTrancheOneMember_en-US">First Anniversary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1547" xlink:to="label1547" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum" xlink:label="element1548" />
        <label xlink:type="resource" xlink:label="label1548" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Percentage of Outstanding Stock Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1548" xlink:to="label1548" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted" xlink:label="element1549" />
        <label xlink:type="resource" xlink:label="label1549" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1549" xlink:to="label1549" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1550" />
        <label xlink:type="resource" xlink:label="label1550" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1550" xlink:to="label1550" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1551" />
        <label xlink:type="resource" xlink:label="label1551" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1551" xlink:to="label1551" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="element1552" />
        <label xlink:type="resource" xlink:label="label1552" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_en-US">Ending Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1552" xlink:to="label1552" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice" xlink:label="element1553" />
        <label xlink:type="resource" xlink:label="label1553" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1553" xlink:to="label1553" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized" xlink:label="element1554" />
        <label xlink:type="resource" xlink:label="label1554" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1554" xlink:to="label1554" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate" xlink:label="element1555" />
        <label xlink:type="resource" xlink:label="label1555" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1555" xlink:to="label1555" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber" xlink:label="element1556" />
        <label xlink:type="resource" xlink:label="label1556" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1556" xlink:to="label1556" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue" xlink:label="element1557" />
        <label xlink:type="resource" xlink:label="label1557" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1557" xlink:to="label1557" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate" xlink:label="element1558" />
        <label xlink:type="resource" xlink:label="label1558" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1558" xlink:to="label1558" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate" xlink:label="element1559" />
        <label xlink:type="resource" xlink:label="label1559" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1559" xlink:to="label1559" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1560" />
        <label xlink:type="resource" xlink:label="label1560" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1560" xlink:to="label1560" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1561" />
        <label xlink:type="resource" xlink:label="label1561" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US">Beginning Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1561" xlink:to="label1561" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice" xlink:label="element1562" />
        <label xlink:type="resource" xlink:label="label1562" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_en-US">Ending Balance</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="element1563" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="element1570" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="element1574" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="element1575" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1575" xlink:to="label1575" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTypeDomain" xlink:label="element1576" />
        <label xlink:type="resource" xlink:label="label1576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermDebtTypeDomain_en-US">Short-term Debt, Type [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1576" xlink:to="label1576" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="element1577" />
        <label xlink:type="resource" xlink:label="label1577" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermBorrowings_en-US">Short-term Debt</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="element1578" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermBorrowings" xlink:label="element1579" />
        <label xlink:type="resource" xlink:label="label1579" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ShortTermBorrowings_en-US">Short-term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1579" xlink:to="label1579" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermBorrowingsAbstract" xlink:label="element1580" />
        <label xlink:type="resource" xlink:label="label1580" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermBorrowingsAbstract_en-US">Short-term Debt [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1580" xlink:to="label1580" />
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        <label xlink:type="resource" xlink:label="label1581" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermInvestments_en-US">Short-term Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1581" xlink:to="label1581" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtWeightedAverageInterestRate" xlink:label="element1582" />
        <label xlink:type="resource" xlink:label="label1582" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermDebtWeightedAverageInterestRate_en-US">Short-term Debt, Weighted Average Interest Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1582" xlink:to="label1582" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTypeAxis" xlink:label="element1583" />
        <label xlink:type="resource" xlink:label="label1583" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermDebtTypeAxis_en-US">Short-term Debt, Type [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1583" xlink:to="label1583" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTextBlock" xlink:label="element1584" />
        <label xlink:type="resource" xlink:label="label1584" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_ShortTermDebtTextBlock_en-US">SHORT-TERM DEBT</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1584" xlink:to="label1584" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtTextBlock" xlink:label="element1585" />
        <label xlink:type="resource" xlink:label="label1585" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermDebtTextBlock_en-US">Short-term Debt [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1585" xlink:to="label1585" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="element1586" />
        <label xlink:type="resource" xlink:label="label1586" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermDebtLineItems_en-US">Short-term Debt [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1586" xlink:to="label1586" />
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        <label xlink:type="resource" xlink:label="label1587" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_ShortTermInvestmentsMember_en-US">Short-term Investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1587" xlink:to="label1587" />
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        <label xlink:type="resource" xlink:label="label1588" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit_en-US">Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1588" xlink:to="label1588" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit" xlink:label="element1590" />
        <label xlink:type="resource" xlink:label="label1590" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit_en-US">Temporary Differences/Potential change</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1590" xlink:to="label1590" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1622" xlink:to="label1622" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1623" xlink:to="label1623" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="element1626" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="element1642" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="element1643" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="element1644" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1649" xlink:to="label1649" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1652" xlink:to="label1652" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="element1653" />
        <label xlink:type="resource" xlink:label="label1653" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_SubsequentEventsTextBlock_en-US">SUBSEQUENT EVENTS</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1653" xlink:to="label1653" />
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        <label xlink:type="resource" xlink:label="label1654" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_SubsequentEventsTextBlock_en-US">Subsequent Events [Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1654" xlink:to="label1654" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1656" xlink:to="label1656" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1657" xlink:to="label1657" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1658" xlink:to="label1658" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1659" xlink:to="label1659" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1660" xlink:to="label1660" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1661" xlink:to="label1661" />
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        <label xlink:type="resource" xlink:label="label1662" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TaxCreditCarryforwardValuationAllowance_en-US">Tax Credit Carryforward, Valuation Allowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1662" xlink:to="label1662" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1663" xlink:to="label1663" />
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        <label xlink:type="resource" xlink:label="label1664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_TaxPeriodDomain_en-US">Tax Period [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1664" xlink:to="label1664" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1665" xlink:to="label1665" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax" xlink:label="element1678" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnCashFlowHedgingInstruments" xlink:label="element1679" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnCashFlowHedgingInstruments" xlink:label="element1680" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock" xlink:label="element1681" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1682" />
        <label xlink:type="resource" xlink:label="label1682" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_en-US">Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1682" xlink:to="label1682" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1683" />
        <label xlink:type="resource" xlink:label="label1683" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions_en-US">Increases due to tax positions related to a prior year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1683" xlink:to="label1683" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="element1684" />
        <label xlink:type="resource" xlink:label="label1684" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_en-US">Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1684" xlink:to="label1684" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions" xlink:label="element1685" />
        <label xlink:type="resource" xlink:label="label1685" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions_en-US">Increases due to tax positions related to current year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1685" xlink:to="label1685" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued" xlink:label="element1686" />
        <label xlink:type="resource" xlink:label="label1686" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued_en-US">Unrecognized Tax Benefits, Interest on Income Taxes Accrued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1686" xlink:to="label1686" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued" xlink:label="element1687" />
        <label xlink:type="resource" xlink:label="label1687" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_us-gaap_UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued_en-US">Accrued interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1687" xlink:to="label1687" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedAbstract" xlink:label="element1688" />
        <label xlink:type="resource" xlink:label="label1688" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccruedAbstract_en-US">Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued [Abstract]</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="element1689" />
        <label xlink:type="resource" xlink:label="label1689" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_en-US">Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1689" xlink:to="label1689" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations" xlink:label="element1690" />
        <label xlink:type="resource" xlink:label="label1690" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations_en-US">Decreases due to expiration of statute of limitations</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1690" xlink:to="label1690" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate" xlink:label="element1691" />
        <label xlink:type="resource" xlink:label="label1691" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate_en-US">Unrecognized Tax Benefits that Would Impact Effective Tax Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1691" xlink:to="label1691" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate" xlink:label="element1692" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1692" xlink:to="label1692" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="element1693" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1693" xlink:to="label1693" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="element1694" />
        <label xlink:type="resource" xlink:label="label1694" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xml:lang="en-US" id="periodEnd_us-gaap_UnrecognizedTaxBenefits_en-US">Balance, December 31</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1694" xlink:to="label1694" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefits" xlink:label="element1695" />
        <label xlink:type="resource" xlink:label="label1695" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xml:lang="en-US" id="periodStart_us-gaap_UnrecognizedTaxBenefits_en-US">Beginning, January 1</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued" xlink:label="element1696" />
        <label xlink:type="resource" xlink:label="label1696" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued_en-US">Unrecognized Tax Benefits, Income Tax Penalties Accrued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1696" xlink:to="label1696" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued" xlink:label="element1697" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1697" xlink:to="label1697" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1698" />
        <label xlink:type="resource" xlink:label="label1698" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions_en-US">Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions</label>
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions" xlink:label="element1699" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1699" xlink:to="label1699" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnregulatedOperatingRevenue" xlink:label="element1700" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnregulatedOperatingRevenue" xlink:label="element1701" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1701" xlink:to="label1701" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_UnregulatedOperatingRevenue" xlink:label="element1702" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1703" xlink:to="label1703" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VestingAxis" xlink:label="element1715" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1718" xlink:to="label1718" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1719" xlink:to="label1719" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1720" xlink:to="label1720" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1721" xlink:to="label1721" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableRateAxis" xlink:label="element1722" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1722" xlink:to="label1722" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1723" xlink:to="label1723" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="element1724" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1724" xlink:to="label1724" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_VariableInterestEntityDisclosureTextBlock" xlink:label="element1725" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1725" xlink:to="label1725" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1726" xlink:to="label1726" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1727" />
        <label xlink:type="resource" xlink:label="label1727" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">Diluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1727" xlink:to="label1727" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1728" />
        <label xlink:type="resource" xlink:label="label1728" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_en-US">Weighted Average Number of Shares Outstanding, Diluted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1728" xlink:to="label1728" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="element1729" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1729" xlink:to="label1729" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1730" xlink:to="label1730" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1731" xlink:to="label1731" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1732" xlink:to="label1732" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1733" xlink:to="label1733" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract" xlink:label="element1734" />
        <label xlink:type="resource" xlink:label="label1734" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract_en-US">Weighted Average Number of Shares Outstanding Reconciliation [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1734" xlink:to="label1734" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1735" />
        <label xlink:type="resource" xlink:label="label1735" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_en-US">Basic</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1735" xlink:to="label1735" />
        <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2016/elts/us-gaap-2016-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="element1736" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1736" xlink:to="label1736" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1737" xlink:to="label1737" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1738" xlink:to="label1738" />
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        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_CA" xlink:label="element1743" />
        <label xlink:type="resource" xlink:label="label1743" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_country_CA_en-US">CA</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1743" xlink:to="label1743" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_DM" xlink:label="element1744" />
        <label xlink:type="resource" xlink:label="label1744" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_country_DM_en-US">DOMINICA</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1744" xlink:to="label1744" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_LC" xlink:label="element1745" />
        <label xlink:type="resource" xlink:label="label1745" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_country_LC_en-US">SAINT LUCIA</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1745" xlink:to="label1745" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2016/country-2016-01-31.xsd#country_US" xlink:label="element1746" />
        <label xlink:type="resource" xlink:label="label1746" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_country_US_en-US">UNITED STATES</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1746" xlink:to="label1746" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_FL" xlink:label="element1747" />
        <label xlink:type="resource" xlink:label="label1747" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_FL_en-US">Florida</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1747" xlink:to="label1747" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_MA" xlink:label="element1748" />
        <label xlink:type="resource" xlink:label="label1748" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_MA_en-US">Massachusetts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1748" xlink:to="label1748" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_ME" xlink:label="element1749" />
        <label xlink:type="resource" xlink:label="label1749" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_ME_en-US">Maine</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1749" xlink:to="label1749" />
        <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/stpr/2011/stpr-2011-01-31.xsd#stpr_NM" xlink:label="element1750" />
        <label xlink:type="resource" xlink:label="label1750" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_stpr_NM_en-US">New Mexico</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1750" xlink:to="label1750" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DocumentAndEntityInformationAbstract" xlink:label="element1751" />
        <label xlink:type="resource" xlink:label="label1751" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DocumentAndEntityInformationAbstract_en-US">Document and Entity Information [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1751" xlink:to="label1751" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelAdjustment" xlink:label="element1752" />
        <label xlink:type="resource" xlink:label="label1752" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatedFuelAdjustment_en-US">Regulated Fuel Adjustment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1752" xlink:to="label1752" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelAdjustment" xlink:label="element1753" />
        <label xlink:type="resource" xlink:label="label1753" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RegulatedFuelAdjustment_en-US">Regulated fuel adjustment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1753" xlink:to="label1753" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelAdjustment" xlink:label="element1754" />
        <label xlink:type="resource" xlink:label="label1754" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_RegulatedFuelAdjustment_en-US">Regulated fuel adjustment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1754" xlink:to="label1754" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelAdjustment" xlink:label="element1755" />
        <label xlink:type="resource" xlink:label="label1755" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatedFuelAdjustment_en-US">The regulated fuel adjustment related to the fuel adjustment mechanism ("FAM").</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1755" xlink:to="label1755" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedFuelForGenerationAndPurchasedPower" xlink:label="element1756" />
        <label xlink:type="resource" xlink:label="label1756" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NonRegulatedFuelForGenerationAndPurchasedPower_en-US">Non Regulated Fuel for Generation and Purchased Power</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1756" xlink:to="label1756" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedFuelForGenerationAndPurchasedPower" xlink:label="element1757" />
        <label xlink:type="resource" xlink:label="label1757" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_NonRegulatedFuelForGenerationAndPurchasedPower_en-US">Non-regulated fuel for generation and purchased power</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1757" xlink:to="label1757" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedFuelForGenerationAndPurchasedPower" xlink:label="element1758" />
        <label xlink:type="resource" xlink:label="label1758" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NonRegulatedFuelForGenerationAndPurchasedPower_en-US">The amount of fuel, and purchased power charged against earnings for the period related to non-regulated operations.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1758" xlink:to="label1758" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedDirectCosts" xlink:label="element1759" />
        <label xlink:type="resource" xlink:label="label1759" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NonRegulatedDirectCosts_en-US">Non Regulated Direct Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1759" xlink:to="label1759" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedDirectCosts" xlink:label="element1760" />
        <label xlink:type="resource" xlink:label="label1760" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_NonRegulatedDirectCosts_en-US">Non-regulated direct costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1760" xlink:to="label1760" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedDirectCosts" xlink:label="element1761" />
        <label xlink:type="resource" xlink:label="label1761" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NonRegulatedDirectCosts_en-US">Direct costs that are not regulated.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1761" xlink:to="label1761" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1762" />
        <label xlink:type="resource" xlink:label="label1762" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DividendPaidBySubsidiariesToNonControllingInterest_en-US">Dividend Paid By Subsidiaries To Non Controlling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1762" xlink:to="label1762" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1763" />
        <label xlink:type="resource" xlink:label="label1763" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_DividendPaidBySubsidiariesToNonControllingInterest_en-US">Common Dividends paid by subsidiaries to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1763" xlink:to="label1763" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1764" />
        <label xlink:type="resource" xlink:label="label1764" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_DividendPaidBySubsidiariesToNonControllingInterest_en-US">Common Dividends paid by subsidiaries to non controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1764" xlink:to="label1764" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1765" />
        <label xlink:type="resource" xlink:label="label1765" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DividendPaidBySubsidiariesToNonControllingInterest_en-US">Common dividends paid by subsidiaries to non-controlling interest.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1765" xlink:to="label1765" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1766" />
        <label xlink:type="resource" xlink:label="label1766" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest_en-US">Preferred Dividend Paid By Subsidiaries To Non Controlling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1766" xlink:to="label1766" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1767" />
        <label xlink:type="resource" xlink:label="label1767" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest_en-US">Preferred dividends paid by subsidiaries to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1767" xlink:to="label1767" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1768" />
        <label xlink:type="resource" xlink:label="label1768" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest_en-US">Preferred dividends paid by subsidiaries to non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1768" xlink:to="label1768" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest" xlink:label="element1769" />
        <label xlink:type="resource" xlink:label="label1769" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest_en-US">Preferred dividends paid by subsidiaries to non controlling interest.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1769" xlink:to="label1769" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UtilitiesOperatingExpenseDepreciationAndAmortization1" xlink:label="element1770" />
        <label xlink:type="resource" xlink:label="label1770" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UtilitiesOperatingExpenseDepreciationAndAmortization1_en-US">Utilities Operating Expense Depreciation And Amortization1</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1770" xlink:to="label1770" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UtilitiesOperatingExpenseDepreciationAndAmortization1" xlink:label="element1771" />
        <label xlink:type="resource" xlink:label="label1771" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_UtilitiesOperatingExpenseDepreciationAndAmortization1_en-US">Depreciation and amortization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1771" xlink:to="label1771" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UtilitiesOperatingExpenseDepreciationAndAmortization1" xlink:label="element1772" />
        <label xlink:type="resource" xlink:label="label1772" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_UtilitiesOperatingExpenseDepreciationAndAmortization1_en-US">Discloses the amount of operating expense for the period related to depreciation, amortization, regulatory amortization, and deferred financing costs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1772" xlink:to="label1772" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax" xlink:label="element1773" />
        <label xlink:type="resource" xlink:label="label1773" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax_en-US">Other Comprehensive Income Equity Method Reclassification Net Of Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1773" xlink:to="label1773" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax" xlink:label="element1774" />
        <label xlink:type="resource" xlink:label="label1774" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax_en-US">Other equity method reclassification adjustment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1774" xlink:to="label1774" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax" xlink:label="element1775" />
        <label xlink:type="resource" xlink:label="label1775" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax_en-US">Amount reclassified out of comprehensive income net of tax due to other equity method adjustment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1775" xlink:to="label1775" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherComprehensiveIncomeLosSavailableForSaleSecuritiesBeforeReclassificationAdjustmentsTaxOtherEquityMethod" xlink:label="element1776" />
        <label xlink:type="resource" xlink:label="label1776" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherComprehensiveIncomeLosSavailableForSaleSecuritiesBeforeReclassificationAdjustmentsTaxOtherEquityMethod_en-US">Other Comprehensive Income Los sAvailable For Sale Securities Before Reclassification Adjustments Tax Other Equity Method</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1776" xlink:to="label1776" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherComprehensiveIncomeLosSavailableForSaleSecuritiesBeforeReclassificationAdjustmentsTaxOtherEquityMethod" xlink:label="element1777" />
        <label xlink:type="resource" xlink:label="label1777" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OtherComprehensiveIncomeLosSavailableForSaleSecuritiesBeforeReclassificationAdjustmentsTaxOtherEquityMethod_en-US">Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities and unrealized holding gain (loss) related to transfers of securities into the available-for-sale category and out of the held-to-maturity category accounted for using other equity method.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1777" xlink:to="label1777" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInCapitalizedTransportationCapacity" xlink:label="element1778" />
        <label xlink:type="resource" xlink:label="label1778" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncreaseDecreaseInCapitalizedTransportationCapacity_en-US">Increase (Decrease) In Capitalized Transportation Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1778" xlink:to="label1778" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInCapitalizedTransportationCapacity" xlink:label="element1779" />
        <label xlink:type="resource" xlink:label="label1779" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncreaseDecreaseInCapitalizedTransportationCapacity_en-US">The increase (decrease) in capitalized transportation capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1779" xlink:to="label1779" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInCapitalizedTransportationCapacity" xlink:label="element1780" />
        <label xlink:type="resource" xlink:label="label1780" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_IncreaseDecreaseInCapitalizedTransportationCapacity_en-US">Net change in capitalized transportation capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1780" xlink:to="label1780" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AcquisitionNonControllingInterest" xlink:label="element1781" />
        <label xlink:type="resource" xlink:label="label1781" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AcquisitionNonControllingInterest_en-US">Acquisition Non Controlling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1781" xlink:to="label1781" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AcquisitionNonControllingInterest" xlink:label="element1782" />
        <label xlink:type="resource" xlink:label="label1782" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AcquisitionNonControllingInterest_en-US">Acquisition of non-controlling interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1782" xlink:to="label1782" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AcquisitionNonControllingInterest" xlink:label="element1783" />
        <label xlink:type="resource" xlink:label="label1783" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_AcquisitionNonControllingInterest_en-US">Acquisition Non Controlling Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1783" xlink:to="label1783" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SupplementalCashFlowInformationTextBlock" xlink:label="element1784" />
        <label xlink:type="resource" xlink:label="label1784" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SupplementalCashFlowInformationTextBlock_en-US">Supplemental Cash Flow Information [Text Block]</label>
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        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SupplementalCashFlowInformationTextBlock" xlink:label="element1785" />
        <label xlink:type="resource" xlink:label="label1785" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_SupplementalCashFlowInformationTextBlock_en-US">The entire disclosure for supplemental information for the cash flow statement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1785" xlink:to="label1785" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SupplementalCashFlowInformationTextBlock" xlink:label="element1786" />
        <label xlink:type="resource" xlink:label="label1786" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_SupplementalCashFlowInformationTextBlock_en-US">SUPPLEMENTARY INFORMATION TO CONSOLIDATED STATEMENTS OF CASH FLOWS</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1786" xlink:to="label1786" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_VariableInterestEntitiesAbstract" xlink:label="element1787" />
        <label xlink:type="resource" xlink:label="label1787" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_VariableInterestEntitiesAbstract_en-US">Variable Interest Entities [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1787" xlink:to="label1787" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ComparativeInformationAbstract" xlink:label="element1788" />
        <label xlink:type="resource" xlink:label="label1788" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ComparativeInformationAbstract_en-US">Comparative Information [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1788" xlink:to="label1788" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewAccountingPronouncementsAbstract" xlink:label="element1789" />
        <label xlink:type="resource" xlink:label="label1789" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewAccountingPronouncementsAbstract_en-US">New Accounting Pronouncements [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1789" xlink:to="label1789" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryMattersPolicyPolicyTextBlock" xlink:label="element1790" />
        <label xlink:type="resource" xlink:label="label1790" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatoryMattersPolicyPolicyTextBlock_en-US">Regulatory Matters Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1790" xlink:to="label1790" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryMattersPolicyPolicyTextBlock" xlink:label="element1791" />
        <label xlink:type="resource" xlink:label="label1791" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatoryMattersPolicyPolicyTextBlock_en-US">Disclosure of accounting policy for accounting for regulatory matters for public utilities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1791" xlink:to="label1791" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalizationPolicyPolicyTextBlock" xlink:label="element1792" />
        <label xlink:type="resource" xlink:label="label1792" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalizationPolicyPolicyTextBlock_en-US">Capitalization, Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1792" xlink:to="label1792" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalizationPolicyPolicyTextBlock" xlink:label="element1793" />
        <label xlink:type="resource" xlink:label="label1793" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalizationPolicyPolicyTextBlock_en-US">Disclosure or accounting policy regarding when costs are capitilized</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1793" xlink:to="label1793" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FranchiseFeesGrossReceiptsPolicyPolicyTextBlock" xlink:label="element1794" />
        <label xlink:type="resource" xlink:label="label1794" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FranchiseFeesGrossReceiptsPolicyPolicyTextBlock_en-US">Franchise Fees Gross Receipts Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1794" xlink:to="label1794" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FranchiseFeesGrossReceiptsPolicyPolicyTextBlock" xlink:label="element1795" />
        <label xlink:type="resource" xlink:label="label1795" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FranchiseFeesGrossReceiptsPolicyPolicyTextBlock_en-US">Disclosure of accounting policy for franchise fees and gross receipts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1795" xlink:to="label1795" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ForeignCurrencyHedgesPolicyPolicyTextBlock" xlink:label="element1796" />
        <label xlink:type="resource" xlink:label="label1796" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ForeignCurrencyHedgesPolicyPolicyTextBlock_en-US">Foreign Currency Hedges Policy [Policy Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1796" xlink:to="label1796" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ForeignCurrencyHedgesPolicyPolicyTextBlock" xlink:label="element1797" />
        <label xlink:type="resource" xlink:label="label1797" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ForeignCurrencyHedgesPolicyPolicyTextBlock_en-US">Disclosure of accounting policy for foreign currency hedges.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1797" xlink:to="label1797" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_VariableInterestInvestmentAsAnEquityInvestmentConsolidatedSummarizedBalanceSheetTableTextBlock" xlink:label="element1798" />
        <label xlink:type="resource" xlink:label="label1798" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_VariableInterestInvestmentAsAnEquityInvestmentConsolidatedSummarizedBalanceSheetTableTextBlock_en-US">Variable Interest Investment As An Equity Investment Consolidated Summarized Balance Sheet [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1798" xlink:to="label1798" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_VariableInterestInvestmentAsAnEquityInvestmentConsolidatedSummarizedBalanceSheetTableTextBlock" xlink:label="element1799" />
        <label xlink:type="resource" xlink:label="label1799" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_VariableInterestInvestmentAsAnEquityInvestmentConsolidatedSummarizedBalanceSheetTableTextBlock_en-US">Variable interest investment recognized as an equity investment consolidated summarized balance sheet.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1799" xlink:to="label1799" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ScheduleOfRegulatoryDeferredGainLossesDerivativesTableTextBlock" xlink:label="element1800" />
        <label xlink:type="resource" xlink:label="label1800" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ScheduleOfRegulatoryDeferredGainLossesDerivativesTableTextBlock_en-US">Schedule Of Regulatory Deferred Gain Losses Derivatives [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1800" xlink:to="label1800" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ScheduleOfRegulatoryDeferredGainLossesDerivativesTableTextBlock" xlink:label="element1801" />
        <label xlink:type="resource" xlink:label="label1801" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ScheduleOfRegulatoryDeferredGainLossesDerivativesTableTextBlock_en-US">Tabular disclosure of derivatives subject to regulatory deferral.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1801" xlink:to="label1801" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ScheduleOfRegulatoryCommodySwapsForwardsTableTextBlock" xlink:label="element1802" />
        <label xlink:type="resource" xlink:label="label1802" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ScheduleOfRegulatoryCommodySwapsForwardsTableTextBlock_en-US">Schedule Of Regulatory Commody Swaps Forwards [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1802" xlink:to="label1802" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ScheduleOfRegulatoryCommodySwapsForwardsTableTextBlock" xlink:label="element1803" />
        <label xlink:type="resource" xlink:label="label1803" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ScheduleOfRegulatoryCommodySwapsForwardsTableTextBlock_en-US">Tabular disclosure of commodity swaps and forwards subject to regulatory deferral.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1803" xlink:to="label1803" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OffsettingLiabilitiesExpectedToSettleTableTextBlock" xlink:label="element1804" />
        <label xlink:type="resource" xlink:label="label1804" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OffsettingLiabilitiesExpectedToSettleTableTextBlock_en-US">Offsetting Liabilities Expected To Settle [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1804" xlink:to="label1804" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OffsettingLiabilitiesExpectedToSettleTableTextBlock" xlink:label="element1805" />
        <label xlink:type="resource" xlink:label="label1805" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OffsettingLiabilitiesExpectedToSettleTableTextBlock_en-US">Tabular disclosure of derivatives that are expected to settle.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1805" xlink:to="label1805" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeDocumentationUnmetTableTextBlock" xlink:label="element1806" />
        <label xlink:type="resource" xlink:label="label1806" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DerivativeDocumentationUnmetTableTextBlock_en-US">Derivative Documentation Unmet [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1806" xlink:to="label1806" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeDocumentationUnmetTableTextBlock" xlink:label="element1807" />
        <label xlink:type="resource" xlink:label="label1807" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DerivativeDocumentationUnmetTableTextBlock_en-US">Tabular disclosure of derivatives with cash flow hedges for which documentation requirements have not been met.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1807" xlink:to="label1807" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ScheduleOfRegulatoryAssetsAndLiabilitiesTableTextBlock" xlink:label="element1808" />
        <label xlink:type="resource" xlink:label="label1808" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ScheduleOfRegulatoryAssetsAndLiabilitiesTableTextBlock_en-US">Schedule Of Regulatory Assets and Liabilities [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1808" xlink:to="label1808" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DemandSideManagementDeferralTableTextBlock" xlink:label="element1809" />
        <label xlink:type="resource" xlink:label="label1809" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DemandSideManagementDeferralTableTextBlock_en-US">Demand Side Management Deferral [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1809" xlink:to="label1809" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DemandSideManagementDeferralTableTextBlock" xlink:label="element1810" />
        <label xlink:type="resource" xlink:label="label1810" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DemandSideManagementDeferralTableTextBlock_en-US">Tabular disclosure of deferred demand side management assets.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1810" xlink:to="label1810" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismTableTextBlock" xlink:label="element1811" />
        <label xlink:type="resource" xlink:label="label1811" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismTableTextBlock_en-US">Fuel Adjustment Mechanism [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1811" xlink:to="label1811" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismTableTextBlock" xlink:label="element1812" />
        <label xlink:type="resource" xlink:label="label1812" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FuelAdjustmentMechanismTableTextBlock_en-US">Tabular disclosure of fuel adjustment mechanism.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1812" xlink:to="label1812" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NoncontrollingInterestTableTextBlock" xlink:label="element1813" />
        <label xlink:type="resource" xlink:label="label1813" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NoncontrollingInterestTableTextBlock_en-US">Noncontrolling Interest [Table Text Block]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1813" xlink:to="label1813" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NoncontrollingInterestTableTextBlock" xlink:label="element1814" />
        <label xlink:type="resource" xlink:label="label1814" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NoncontrollingInterestTableTextBlock_en-US">Tabular disclosure of non-controlling interest in subsidiaries.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1814" xlink:to="label1814" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan" xlink:label="element1815" />
        <label xlink:type="resource" xlink:label="label1815" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan_en-US">Stock Issued During Period, Value, Employee Contributions and Dividend Reinvestment Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1815" xlink:to="label1815" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan" xlink:label="element1816" />
        <label xlink:type="resource" xlink:label="label1816" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan_en-US">Value of stock issued during the period for employee contributions to stock purchase plan and from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1816" xlink:to="label1816" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossSaleCommonSharesConversionSubscriptionReceipts" xlink:label="element1817" />
        <label xlink:type="resource" xlink:label="label1817" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GainLossSaleCommonSharesConversionSubscriptionReceipts_en-US">Gain (Loss) Sale Common Shares Conversion Subscription Receipts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1817" xlink:to="label1817" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossSaleCommonSharesConversionSubscriptionReceipts" xlink:label="element1818" />
        <label xlink:type="resource" xlink:label="label1818" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_GainLossSaleCommonSharesConversionSubscriptionReceipts_en-US">The gain or loss of sale of common shares and conversion of subscription receipts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1818" xlink:to="label1818" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossSaleCommonSharesConversionSubscriptionReceipts" xlink:label="element1819" />
        <label xlink:type="resource" xlink:label="label1819" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_GainLossSaleCommonSharesConversionSubscriptionReceipts_en-US">Gain on APUC sale of common shares and conversion of subscription receipts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1819" xlink:to="label1819" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraCaribbeanIncorporatedParentMember" xlink:label="element1820" />
        <label xlink:type="resource" xlink:label="label1820" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraCaribbeanIncorporatedParentMember_en-US">Emera (Caribbean) Incorporated Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1820" xlink:to="label1820" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraNewfoundlandLabradorHoldingsIncParentMember" xlink:label="element1821" />
        <label xlink:type="resource" xlink:label="label1821" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraNewfoundlandLabradorHoldingsIncParentMember_en-US">Emera Newfoundland &amp; Labrador Holdings Inc. Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1821" xlink:to="label1821" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TecoEnergyIncParentMember" xlink:label="element1822" />
        <label xlink:type="resource" xlink:label="label1822" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TecoEnergyIncParentMember_en-US">TECO Energy Inc Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1822" xlink:to="label1822" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IcdUtilitiesLimitedParentMember" xlink:label="element1823" />
        <label xlink:type="resource" xlink:label="label1823" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IcdUtilitiesLimitedParentMember_en-US">Icd Utilities Limited Parent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1823" xlink:to="label1823" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BaysidePowerLimitedPartnershipMember" xlink:label="element1824" />
        <label xlink:type="resource" xlink:label="label1824" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BaysidePowerLimitedPartnershipMember_en-US">Bayside Power Limited Partnership [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1824" xlink:to="label1824" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BrooklynPowerCorporationMember" xlink:label="element1825" />
        <label xlink:type="resource" xlink:label="label1825" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BrooklynPowerCorporationMember_en-US">Brooklyn Power Corporation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1825" xlink:to="label1825" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DominicaElectricityServicesLtdMember" xlink:label="element1826" />
        <label xlink:type="resource" xlink:label="label1826" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DominicaElectricityServicesLtdMember_en-US">Dominica Electricity Services Ltd. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1826" xlink:to="label1826" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraCaribbeanIncorporatedMember" xlink:label="element1827" />
        <label xlink:type="resource" xlink:label="label1827" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraCaribbeanIncorporatedMember_en-US">Emera Caribbean Incorporated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1827" xlink:to="label1827" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraBrunswickPipelineCompanyLimitedMember" xlink:label="element1828" />
        <label xlink:type="resource" xlink:label="label1828" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraBrunswickPipelineCompanyLimitedMember_en-US">Emera Brunswick Pipeline Company Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1828" xlink:to="label1828" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraEnergyServicesMember" xlink:label="element1829" />
        <label xlink:type="resource" xlink:label="label1829" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraEnergyServicesMember_en-US">Emera Energy Services [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1829" xlink:to="label1829" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraMaineMember" xlink:label="element1830" />
        <label xlink:type="resource" xlink:label="label1830" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraMaineMember_en-US">Emera Maine [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1830" xlink:to="label1830" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraNewfoundlandAndLabradorHoldingsIncMember" xlink:label="element1831" />
        <label xlink:type="resource" xlink:label="label1831" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraNewfoundlandAndLabradorHoldingsIncMember_en-US">Emera Newfoundland and Labrador Holdings Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1831" xlink:to="label1831" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraReinsuranceLimitedMember" xlink:label="element1832" />
        <label xlink:type="resource" xlink:label="label1832" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraReinsuranceLimitedMember_en-US">Emera Reinsurance Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1832" xlink:to="label1832" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraUsFinanceLpMember" xlink:label="element1833" />
        <label xlink:type="resource" xlink:label="label1833" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraUsFinanceLpMember_en-US">Emera US Finance LP [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1833" xlink:to="label1833" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraUsHoldingsIncMember" xlink:label="element1834" />
        <label xlink:type="resource" xlink:label="label1834" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraUsHoldingsIncMember_en-US">Emera US Holdings Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1834" xlink:to="label1834" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraUtilityServicesIncMember" xlink:label="element1835" />
        <label xlink:type="resource" xlink:label="label1835" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraUtilityServicesIncMember_en-US">Emera Utility Services Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1835" xlink:to="label1835" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GrandBahamaPowerCompanyLimitedMember" xlink:label="element1836" />
        <label xlink:type="resource" xlink:label="label1836" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GrandBahamaPowerCompanyLimitedMember_en-US">Grand Bahama Power Company Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1836" xlink:to="label1836" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MaritimesAndNortheastPiplineMember" xlink:label="element1837" />
        <label xlink:type="resource" xlink:label="label1837" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MaritimesAndNortheastPiplineMember_en-US">Maritimes and Northeast Pipline [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1837" xlink:to="label1837" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewEnglandGasGeneratingFacilitiesMember" xlink:label="element1838" />
        <label xlink:type="resource" xlink:label="label1838" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewEnglandGasGeneratingFacilitiesMember_en-US">New England Gas Generating Facilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1838" xlink:to="label1838" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewMexicoGasCompanyMember" xlink:label="element1839" />
        <label xlink:type="resource" xlink:label="label1839" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewMexicoGasCompanyMember_en-US">New Mexico Gas Company [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1839" xlink:to="label1839" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NovaScotiaPowerIncMember" xlink:label="element1840" />
        <label xlink:type="resource" xlink:label="label1840" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NovaScotiaPowerIncMember_en-US">Nova Scotia Power Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1840" xlink:to="label1840" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NovaScotiaPowerIncMember" xlink:label="element1841" />
        <label xlink:type="resource" xlink:label="label1841" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_NovaScotiaPowerIncMember_en-US">NSPI [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1841" xlink:to="label1841" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NspMaritimeLinkIncMember" xlink:label="element1842" />
        <label xlink:type="resource" xlink:label="label1842" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NspMaritimeLinkIncMember_en-US">NSP Maritime Link Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1842" xlink:to="label1842" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NspMaritimeLinkIncMember" xlink:label="element1843" />
        <label xlink:type="resource" xlink:label="label1843" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_NspMaritimeLinkIncMember_en-US">NSPML [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1843" xlink:to="label1843" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PeoplesGasSystemDivisionMember" xlink:label="element1844" />
        <label xlink:type="resource" xlink:label="label1844" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PeoplesGasSystemDivisionMember_en-US">Peoples Gas System Division [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1844" xlink:to="label1844" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StLuciaElectricityServicesLimitedMember" xlink:label="element1845" />
        <label xlink:type="resource" xlink:label="label1845" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_StLuciaElectricityServicesLimitedMember_en-US">St. Lucia Electricity Services Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1845" xlink:to="label1845" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TampaElectricDivisionMember" xlink:label="element1846" />
        <label xlink:type="resource" xlink:label="label1846" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TampaElectricDivisionMember_en-US">Tampa Electric Division [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1846" xlink:to="label1846" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TecoEnergyIncMember" xlink:label="element1847" />
        <label xlink:type="resource" xlink:label="label1847" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TecoEnergyIncMember_en-US">TECO Energy Inc [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1847" xlink:to="label1847" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TecoFinanceIncMember" xlink:label="element1848" />
        <label xlink:type="resource" xlink:label="label1848" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TecoFinanceIncMember_en-US">TECO Finance, Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1848" xlink:to="label1848" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TheBarbadosLightAndPowerCompanyLimitedMember" xlink:label="element1849" />
        <label xlink:type="resource" xlink:label="label1849" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TheBarbadosLightAndPowerCompanyLimitedMember_en-US">The Barbados Light and Power Company Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1849" xlink:to="label1849" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RepsolEnergyCanadaMember" xlink:label="element1850" />
        <label xlink:type="resource" xlink:label="label1850" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RepsolEnergyCanadaMember_en-US">Repsol Energy Canada [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1850" xlink:to="label1850" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IcdUtilitiesLimitedMember" xlink:label="element1851" />
        <label xlink:type="resource" xlink:label="label1851" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IcdUtilitiesLimitedMember_en-US">Icd Utilities Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1851" xlink:to="label1851" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LabradorIslandLinkLimitedPartnershipMember" xlink:label="element1852" />
        <label xlink:type="resource" xlink:label="label1852" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LabradorIslandLinkLimitedPartnershipMember_en-US">Labrador-Island Link Limited Partnership [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1852" xlink:to="label1852" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BearSwampPowerCompanyLlcMember" xlink:label="element1853" />
        <label xlink:type="resource" xlink:label="label1853" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BearSwampPowerCompanyLlcMember_en-US">Bear Swamp Power Company LLC [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1853" xlink:to="label1853" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewBrunswickMember" xlink:label="element1854" />
        <label xlink:type="resource" xlink:label="label1854" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewBrunswickMember_en-US">New Brunswick [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1854" xlink:to="label1854" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewfoundlandAndLabradorMember" xlink:label="element1855" />
        <label xlink:type="resource" xlink:label="label1855" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewfoundlandAndLabradorMember_en-US">Newfoundland and Labrador [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1855" xlink:to="label1855" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NovaScotiaMember" xlink:label="element1856" />
        <label xlink:type="resource" xlink:label="label1856" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NovaScotiaMember_en-US">Nova Scotia [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1856" xlink:to="label1856" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ControllingInterestOwnershipPercentageByParent" xlink:label="element1857" />
        <label xlink:type="resource" xlink:label="label1857" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ControllingInterestOwnershipPercentageByParent_en-US">Controlling Interest Ownership Percentage By Parent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1857" xlink:to="label1857" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ControllingInterestOwnershipPercentageByParent" xlink:label="element1858" />
        <label xlink:type="resource" xlink:label="label1858" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ControllingInterestOwnershipPercentageByParent_en-US">The parent entitys direct controlling (50 percent or more) ownership interest in net assets of the subsidiary for which the equity method has not been specified, expressed as a percentage.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1858" xlink:to="label1858" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IndirectOwnershipPercentageByParent" xlink:label="element1859" />
        <label xlink:type="resource" xlink:label="label1859" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IndirectOwnershipPercentageByParent_en-US">Indirect Ownership Percentage By Parent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1859" xlink:to="label1859" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IndirectOwnershipPercentageByParent" xlink:label="element1860" />
        <label xlink:type="resource" xlink:label="label1860" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IndirectOwnershipPercentageByParent_en-US">The parent entity's indirect (interest owned by a subsidiary) interest in net assets of the subsidiary, expressed as a percentage.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1860" xlink:to="label1860" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfCutomers" xlink:label="element1861" />
        <label xlink:type="resource" xlink:label="label1861" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NumberOfCutomers_en-US">Number Of Cutomers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1861" xlink:to="label1861" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfCutomers" xlink:label="element1862" />
        <label xlink:type="resource" xlink:label="label1862" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NumberOfCutomers_en-US">Represents the number of customers.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1862" xlink:to="label1862" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesPropertyPlantAndEquipmentGenerationCapacity" xlink:label="element1863" />
        <label xlink:type="resource" xlink:label="label1863" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesPropertyPlantAndEquipmentGenerationCapacity_en-US">Public Utilities Property Plant And Equipment Generation Capacity</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1863" xlink:to="label1863" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesPropertyPlantAndEquipmentGenerationCapacity" xlink:label="element1864" />
        <label xlink:type="resource" xlink:label="label1864" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesPropertyPlantAndEquipmentGenerationCapacity_en-US">Capacity of generation facilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1864" xlink:to="label1864" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ParentCapitalInvestmentPercentTotalProjectCost" xlink:label="element1865" />
        <label xlink:type="resource" xlink:label="label1865" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ParentCapitalInvestmentPercentTotalProjectCost_en-US">Parent Capital Investment Percent Total Project Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1865" xlink:to="label1865" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ParentCapitalInvestmentPercentTotalProjectCost" xlink:label="element1866" />
        <label xlink:type="resource" xlink:label="label1866" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ParentCapitalInvestmentPercentTotalProjectCost_en-US">Captial investment by parent in partnership as a percentage of final total cost of project.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1866" xlink:to="label1866" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProjectCompletionDate" xlink:label="element1867" />
        <label xlink:type="resource" xlink:label="label1867" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ProjectCompletionDate_en-US">Project Completion Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1867" xlink:to="label1867" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProjectCompletionDate" xlink:label="element1868" />
        <label xlink:type="resource" xlink:label="label1868" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ProjectCompletionDate_en-US">Expected date of completion for project, in CCYY-MM-DD format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1868" xlink:to="label1868" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommencementOfElectricalGenerationDate" xlink:label="element1869" />
        <label xlink:type="resource" xlink:label="label1869" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommencementOfElectricalGenerationDate_en-US">Commencement Of Electrical Generation Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1869" xlink:to="label1869" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommencementOfElectricalGenerationDate" xlink:label="element1870" />
        <label xlink:type="resource" xlink:label="label1870" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CommencementOfElectricalGenerationDate_en-US">Expected date of commencement of electrical generation, in CCYY-MM-DD format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1870" xlink:to="label1870" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AchievementOfFullCapacityDate" xlink:label="element1871" />
        <label xlink:type="resource" xlink:label="label1871" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AchievementOfFullCapacityDate_en-US">Achievement Of Full Capacity Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1871" xlink:to="label1871" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AchievementOfFullCapacityDate" xlink:label="element1872" />
        <label xlink:type="resource" xlink:label="label1872" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AchievementOfFullCapacityDate_en-US">Expected date to achieve full capacity of electrical generation, in CCYY-MM-DD format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1872" xlink:to="label1872" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ExpiryOfDistributionAgreementDate" xlink:label="element1873" />
        <label xlink:type="resource" xlink:label="label1873" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ExpiryOfDistributionAgreementDate_en-US">Expiry Of Distribution Agreement Date</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1873" xlink:to="label1873" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ExpiryOfDistributionAgreementDate" xlink:label="element1874" />
        <label xlink:type="resource" xlink:label="label1874" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ExpiryOfDistributionAgreementDate_en-US">Expiry date of distribution agreement date, in CCYY-MM-DD format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1874" xlink:to="label1874" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LengthOfPipeline" xlink:label="element1875" />
        <label xlink:type="resource" xlink:label="label1875" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LengthOfPipeline_en-US">Length Of Pipeline</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1875" xlink:to="label1875" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CustomerPaymentTerms" xlink:label="element1876" />
        <label xlink:type="resource" xlink:label="label1876" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CustomerPaymentTerms_en-US">Customer Payment Terms</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1876" xlink:to="label1876" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CustomerPaymentTerms" xlink:label="element1877" />
        <label xlink:type="resource" xlink:label="label1877" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CustomerPaymentTerms_en-US">Payment terms for customer receivables, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1877" xlink:to="label1877" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NamingRightsMember" xlink:label="element1878" />
        <label xlink:type="resource" xlink:label="label1878" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NamingRightsMember_en-US">Naming Rights [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1878" xlink:to="label1878" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRegulatoryNoncurrentAssets" xlink:label="element1879" />
        <label xlink:type="resource" xlink:label="label1879" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRegulatoryNoncurrentAssets_en-US">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Regulatory Noncurrent Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1879" xlink:to="label1879" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRegulatoryNoncurrentAssets" xlink:label="element1880" />
        <label xlink:type="resource" xlink:label="label1880" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRegulatoryNoncurrentAssets_en-US">Amount of regulatory assets expected to be realized or consumed after one year or the normal operating cycle, if longer, acquired at the acquisition date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1880" xlink:to="label1880" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRegulatoryNoncurrentAssets" xlink:label="element1881" />
        <label xlink:type="resource" xlink:label="label1881" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRegulatoryNoncurrentAssets_en-US">Regulatory assets (including current portion)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1881" xlink:to="label1881" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesRegulatory" xlink:label="element1882" />
        <label xlink:type="resource" xlink:label="label1882" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesRegulatory_en-US">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Regulatory</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1882" xlink:to="label1882" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesRegulatory" xlink:label="element1883" />
        <label xlink:type="resource" xlink:label="label1883" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesRegulatory_en-US">Amount of regulatory liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1883" xlink:to="label1883" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesRegulatory" xlink:label="element1884" />
        <label xlink:type="resource" xlink:label="label1884" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesRegulatory_en-US">Regulatory liabilities (including current portion)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1884" xlink:to="label1884" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesPensionAndPostRetirement" xlink:label="element1885" />
        <label xlink:type="resource" xlink:label="label1885" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesPensionAndPostRetirement_en-US">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Pension And Post Retirement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1885" xlink:to="label1885" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesPensionAndPostRetirement" xlink:label="element1886" />
        <label xlink:type="resource" xlink:label="label1886" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesPensionAndPostRetirement_en-US">Amount of pension and post retirement liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1886" xlink:to="label1886" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesPensionAndPostRetirement" xlink:label="element1887" />
        <label xlink:type="resource" xlink:label="label1887" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesPensionAndPostRetirement_en-US">Pension and post-retirement liabilities (including current portion)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1887" xlink:to="label1887" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLessCashAndCashEquivalents" xlink:label="element1888" />
        <label xlink:type="resource" xlink:label="label1888" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLessCashAndCashEquivalents_en-US">Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net Less Cash And Cash Equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1888" xlink:to="label1888" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLessCashAndCashEquivalents" xlink:label="element1889" />
        <label xlink:type="resource" xlink:label="label1889" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLessCashAndCashEquivalents_en-US">Amount recognized for assets, excluding goodwill, in excess of (less than) the aggregate liabilities assumed less cash and cash equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1889" xlink:to="label1889" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLessCashAndCashEquivalents" xlink:label="element1890" />
        <label xlink:type="resource" xlink:label="label1890" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetLessCashAndCashEquivalents_en-US">Net: Less Cash And Cash Equivalents</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1890" xlink:to="label1890" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BeforeTaxMember" xlink:label="element1891" />
        <label xlink:type="resource" xlink:label="label1891" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BeforeTaxMember_en-US">Before Tax [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1891" xlink:to="label1891" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxExpenseMember" xlink:label="element1892" />
        <label xlink:type="resource" xlink:label="label1892" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncomeTaxExpenseMember_en-US">Income Tax Expense [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1892" xlink:to="label1892" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessAcquisitionsProFormaIncreaseToRevenue" xlink:label="element1893" />
        <label xlink:type="resource" xlink:label="label1893" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BusinessAcquisitionsProFormaIncreaseToRevenue_en-US">Business Acquisitions Pro Forma Increase To Revenue</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1893" xlink:to="label1893" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessAcquisitionsProFormaIncreaseToRevenue" xlink:label="element1894" />
        <label xlink:type="resource" xlink:label="label1894" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BusinessAcquisitionsProFormaIncreaseToRevenue_en-US">The change in pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1894" xlink:to="label1894" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessAcquisitionsProFormaIncreaseToRevenue" xlink:label="element1895" />
        <label xlink:type="resource" xlink:label="label1895" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_BusinessAcquisitionsProFormaIncreaseToRevenue_en-US">Adjusted pro forma operating revenues increased</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1895" xlink:to="label1895" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessAcquisitionsProFormaIncreaseToNetIncomeLoss" xlink:label="element1896" />
        <label xlink:type="resource" xlink:label="label1896" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BusinessAcquisitionsProFormaIncreaseToNetIncomeLoss_en-US">Business Acquisitions Pro Forma Increase To Net Income Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1896" xlink:to="label1896" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessAcquisitionsProFormaIncreaseToNetIncomeLoss" xlink:label="element1897" />
        <label xlink:type="resource" xlink:label="label1897" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BusinessAcquisitionsProFormaIncreaseToNetIncomeLoss_en-US">The change to pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1897" xlink:to="label1897" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BusinessAcquisitionsProFormaIncreaseToNetIncomeLoss" xlink:label="element1898" />
        <label xlink:type="resource" xlink:label="label1898" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_BusinessAcquisitionsProFormaIncreaseToNetIncomeLoss_en-US">After-tax adjustments increased pro forma net income attributable to common shareholders</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1898" xlink:to="label1898" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraFloridaAndNewMexicoSegmentMember" xlink:label="element1899" />
        <label xlink:type="resource" xlink:label="label1899" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraFloridaAndNewMexicoSegmentMember_en-US">Emera Florida And New Mexico Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1899" xlink:to="label1899" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraFloridaAndNewMexicoSegmentMember" xlink:label="element1900" />
        <label xlink:type="resource" xlink:label="label1900" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmeraFloridaAndNewMexicoSegmentMember_en-US">Emera Florida And New Mexico Segment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1900" xlink:to="label1900" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NovaScotiaPowerIncSegmentMember" xlink:label="element1901" />
        <label xlink:type="resource" xlink:label="label1901" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NovaScotiaPowerIncSegmentMember_en-US">Nova Scotia Power Inc Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1901" xlink:to="label1901" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NovaScotiaPowerIncSegmentMember" xlink:label="element1902" />
        <label xlink:type="resource" xlink:label="label1902" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NovaScotiaPowerIncSegmentMember_en-US">Nova Scotia Power Inc Segment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1902" xlink:to="label1902" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraMaineSegmentMember" xlink:label="element1903" />
        <label xlink:type="resource" xlink:label="label1903" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraMaineSegmentMember_en-US">Emera Maine Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1903" xlink:to="label1903" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraMaineSegmentMember" xlink:label="element1904" />
        <label xlink:type="resource" xlink:label="label1904" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmeraMaineSegmentMember_en-US">Emera Maine Segment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1904" xlink:to="label1904" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraCaribbeanSegmentMember" xlink:label="element1905" />
        <label xlink:type="resource" xlink:label="label1905" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraCaribbeanSegmentMember_en-US">Emera Caribbean Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1905" xlink:to="label1905" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraCaribbeanSegmentMember" xlink:label="element1906" />
        <label xlink:type="resource" xlink:label="label1906" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmeraCaribbeanSegmentMember_en-US">Emera Caribbean Segment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1906" xlink:to="label1906" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraEnergySegmentMember" xlink:label="element1907" />
        <label xlink:type="resource" xlink:label="label1907" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmeraEnergySegmentMember_en-US">Emera Energy Segment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1907" xlink:to="label1907" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmeraEnergySegmentMember" xlink:label="element1908" />
        <label xlink:type="resource" xlink:label="label1908" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmeraEnergySegmentMember_en-US">Emera Energy Segment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1908" xlink:to="label1908" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AllExternalCustomersMember" xlink:label="element1909" />
        <label xlink:type="resource" xlink:label="label1909" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AllExternalCustomersMember_en-US">All External Customers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1909" xlink:to="label1909" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AllExternalCustomersMember" xlink:label="element1910" />
        <label xlink:type="resource" xlink:label="label1910" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AllExternalCustomersMember_en-US">All external customers outside the organization.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1910" xlink:to="label1910" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InternalCustomersMember" xlink:label="element1911" />
        <label xlink:type="resource" xlink:label="label1911" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_InternalCustomersMember_en-US">Internal Customers [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1911" xlink:to="label1911" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InternalCustomersMember" xlink:label="element1912" />
        <label xlink:type="resource" xlink:label="label1912" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_InternalCustomersMember_en-US">All internal customers within the organization.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1912" xlink:to="label1912" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InternallyAllocatedInterest" xlink:label="element1913" />
        <label xlink:type="resource" xlink:label="label1913" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_InternallyAllocatedInterest_en-US">Internally Allocated Interest</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1913" xlink:to="label1913" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InternallyAllocatedInterest" xlink:label="element1914" />
        <label xlink:type="resource" xlink:label="label1914" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_InternallyAllocatedInterest_en-US">Amount of interest expense allocated between segments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1914" xlink:to="label1914" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismMember" xlink:label="element1915" />
        <label xlink:type="resource" xlink:label="label1915" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismMember_en-US">Fuel Adjustment Mechanism [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1915" xlink:to="label1915" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismMember" xlink:label="element1916" />
        <label xlink:type="resource" xlink:label="label1916" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_FuelAdjustmentMechanismMember_en-US">FAM [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1916" xlink:to="label1916" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DemandSideManagementMember" xlink:label="element1917" />
        <label xlink:type="resource" xlink:label="label1917" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DemandSideManagementMember_en-US">Demand Side Management [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1917" xlink:to="label1917" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DemandSideManagementMember" xlink:label="element1918" />
        <label xlink:type="resource" xlink:label="label1918" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DemandSideManagementMember_en-US">DSM [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1918" xlink:to="label1918" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonFuelRevenuesToOffsetPotentialFuelRelatedRateIncrease" xlink:label="element1919" />
        <label xlink:type="resource" xlink:label="label1919" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NonFuelRevenuesToOffsetPotentialFuelRelatedRateIncrease_en-US">Non Fuel Revenues To Offset Potential Fuel Related Rate Increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1919" xlink:to="label1919" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonFuelRevenuesToOffsetPotentialFuelRelatedRateIncrease" xlink:label="element1920" />
        <label xlink:type="resource" xlink:label="label1920" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NonFuelRevenuesToOffsetPotentialFuelRelatedRateIncrease_en-US">Amount of public utility's amended requested rate increase (decrease) with regulatory agency.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1920" xlink:to="label1920" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonFuelRevenuesToOffsetPotentialFuelRelatedRateIncrease" xlink:label="element1921" />
        <label xlink:type="resource" xlink:label="label1921" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_NonFuelRevenuesToOffsetPotentialFuelRelatedRateIncrease_en-US">Application of non-fuel revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1921" xlink:to="label1921" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OverUnderRecoveryOfCurrentPeriodFuelCosts" xlink:label="element1922" />
        <label xlink:type="resource" xlink:label="label1922" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OverUnderRecoveryOfCurrentPeriodFuelCosts_en-US">Over Under Recovery Of Current Period Fuel Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1922" xlink:to="label1922" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OverUnderRecoveryOfCurrentPeriodFuelCosts" xlink:label="element1923" />
        <label xlink:type="resource" xlink:label="label1923" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OverUnderRecoveryOfCurrentPeriodFuelCosts_en-US">Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are expected to be recovered through revenue sources within one year or the normal operating cycle, if longer. Such costs are capitalized if they meet both of the following criteria: a. It is probable that future revenue in an amount at least equal to the capitalized cost will result from inclusion of that cost in allowable costs for rate-making purposes. b. Based on available evidence, the future revenue will be provided to permit recovery of the previously incurred cost rather than to provide for expected levels of similar future costs. If the revenue will be provided through an automatic rate-adjustment clause, this criterion requires that the regulator's intent clearly be to permit recovery of the previously incurred cost.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1923" xlink:to="label1923" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OverUnderRecoveryOfCurrentPeriodFuelCosts" xlink:label="element1924" />
        <label xlink:type="resource" xlink:label="label1924" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_OverUnderRecoveryOfCurrentPeriodFuelCosts_en-US">Over (Under) recovery of current period Fuel costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1924" xlink:to="label1924" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RecoveryFromRebate" xlink:label="element1925" />
        <label xlink:type="resource" xlink:label="label1925" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RecoveryFromRebate_en-US">Recovery From Rebate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1925" xlink:to="label1925" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RecoveryFromRebate" xlink:label="element1926" />
        <label xlink:type="resource" xlink:label="label1926" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RecoveryFromRebate_en-US">Recovery from (rebate to) customers from adjustments to prior years fuel costs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1926" xlink:to="label1926" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RecoveryFromRebate" xlink:label="element1927" />
        <label xlink:type="resource" xlink:label="label1927" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RecoveryFromRebate_en-US">Recovery from (rebate to) customers of prior years Fuel costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1927" xlink:to="label1927" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismAuditDisallowance" xlink:label="element1928" />
        <label xlink:type="resource" xlink:label="label1928" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismAuditDisallowance_en-US">Fuel Adjustment Mechanism Audit Disallowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1928" xlink:to="label1928" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismAuditDisallowance" xlink:label="element1929" />
        <label xlink:type="resource" xlink:label="label1929" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FuelAdjustmentMechanismAuditDisallowance_en-US">Amount of Fuel Adjustment Mechanism (FAM) dissallowed due to audits of the program.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1929" xlink:to="label1929" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismAuditDisallowance" xlink:label="element1930" />
        <label xlink:type="resource" xlink:label="label1930" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_FuelAdjustmentMechanismAuditDisallowance_en-US">FAM audit disallowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1930" xlink:to="label1930" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NortheastWindPartnershipMember" xlink:label="element1931" />
        <label xlink:type="resource" xlink:label="label1931" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NortheastWindPartnershipMember_en-US">Northeast Wind Partnership [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1931" xlink:to="label1931" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockSoldEquityMethodInvestments" xlink:label="element1932" />
        <label xlink:type="resource" xlink:label="label1932" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommonStockSoldEquityMethodInvestments_en-US">Common Stock Sold Equity Method Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1932" xlink:to="label1932" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockSoldEquityMethodInvestments" xlink:label="element1933" />
        <label xlink:type="resource" xlink:label="label1933" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CommonStockSoldEquityMethodInvestments_en-US">The number of common shares (accounted for using the equity investment method) sold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1933" xlink:to="label1933" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquityMethodInvestmentChangeInOwnershipPercentage" xlink:label="element1934" />
        <label xlink:type="resource" xlink:label="label1934" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquityMethodInvestmentChangeInOwnershipPercentage_en-US">Equity Method Investment Change In Ownership Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1934" xlink:to="label1934" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquityMethodInvestmentChangeInOwnershipPercentage" xlink:label="element1935" />
        <label xlink:type="resource" xlink:label="label1935" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EquityMethodInvestmentChangeInOwnershipPercentage_en-US">Increase/(Decrease) in percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1935" xlink:to="label1935" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AfterTaxGainLossOnSaleOfEquityInvestments" xlink:label="element1936" />
        <label xlink:type="resource" xlink:label="label1936" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AfterTaxGainLossOnSaleOfEquityInvestments_en-US">After Tax Gain Loss On Sale Of Equity Investments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1936" xlink:to="label1936" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AfterTaxGainLossOnSaleOfEquityInvestments" xlink:label="element1937" />
        <label xlink:type="resource" xlink:label="label1937" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AfterTaxGainLossOnSaleOfEquityInvestments_en-US">The after tax difference between the carrying value and the sale price of equity securities, not separately or otherwise categorized as trading or available-for-sale. This element includes investments in which the entity holds a small ownership stake (generally, less than 20% of the shares outstanding) and cannot exert significant influence.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1937" xlink:to="label1937" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SubscriptionReceiptsAndDividendEquivalentsExchangedForCommonShares" xlink:label="element1938" />
        <label xlink:type="resource" xlink:label="label1938" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SubscriptionReceiptsAndDividendEquivalentsExchangedForCommonShares_en-US">Subscription Receipts And Dividend Equivalents Exchanged For Common Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1938" xlink:to="label1938" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SaintLuciaElectricityServicesLimitedMember" xlink:label="element1939" />
        <label xlink:type="resource" xlink:label="label1939" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SaintLuciaElectricityServicesLimitedMember_en-US">Saint Lucia Electricity Services Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1939" xlink:to="label1939" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MaineElectricPowerCompanyIncorporatedMember" xlink:label="element1940" />
        <label xlink:type="resource" xlink:label="label1940" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MaineElectricPowerCompanyIncorporatedMember_en-US">Maine Electric Power Company Incorporated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1940" xlink:to="label1940" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapeSharpTidalVentureLimitedMember" xlink:label="element1941" />
        <label xlink:type="resource" xlink:label="label1941" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapeSharpTidalVentureLimitedMember_en-US">Cape Sharp Tidal Venture Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1941" xlink:to="label1941" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ChesterStaticVarCompensatorMember" xlink:label="element1942" />
        <label xlink:type="resource" xlink:label="label1942" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ChesterStaticVarCompensatorMember_en-US">Chester Static Var Compensator [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1942" xlink:to="label1942" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MaineYankeeAtomicPowerCompanyMember" xlink:label="element1943" />
        <label xlink:type="resource" xlink:label="label1943" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MaineYankeeAtomicPowerCompanyMember_en-US">Maine Yankee Atomic Power Company [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1943" xlink:to="label1943" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BearSwampPowerCompanyLimitedLiabilityCompanyMember" xlink:label="element1944" />
        <label xlink:type="resource" xlink:label="label1944" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BearSwampPowerCompanyLimitedLiabilityCompanyMember_en-US">Bear Swamp Power Company Limited Liability Company [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1944" xlink:to="label1944" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AlgonquinPowerAndUtilitiesCorporationMember" xlink:label="element1945" />
        <label xlink:type="resource" xlink:label="label1945" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AlgonquinPowerAndUtilitiesCorporationMember_en-US">Algonquin Power and Utilities Corporation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1945" xlink:to="label1945" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossOnConversionOfSubscriptionReceipts" xlink:label="element1946" />
        <label xlink:type="resource" xlink:label="label1946" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GainLossOnConversionOfSubscriptionReceipts_en-US">Gain Loss On Conversion Of Subscription Receipts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1946" xlink:to="label1946" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossOnConversionOfSubscriptionReceipts" xlink:label="element1947" />
        <label xlink:type="resource" xlink:label="label1947" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_GainLossOnConversionOfSubscriptionReceipts_en-US">The excess of the fair value of common stock over the holding value of subscription receipts converted during the accounting period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1947" xlink:to="label1947" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmortizationOfDefeasanceCosts" xlink:label="element1948" />
        <label xlink:type="resource" xlink:label="label1948" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AmortizationOfDefeasanceCosts_en-US">Amortization Of Defeasance Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1948" xlink:to="label1948" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmortizationOfDefeasanceCosts" xlink:label="element1949" />
        <label xlink:type="resource" xlink:label="label1949" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AmortizationOfDefeasanceCosts_en-US">Amortization Of Defeasance Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1949" xlink:to="label1949" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInSelfInsuranceReserveAfterTax" xlink:label="element1950" />
        <label xlink:type="resource" xlink:label="label1950" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncreaseDecreaseInSelfInsuranceReserveAfterTax_en-US">Increase Decrease In Self Insurance Reserve After Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1950" xlink:to="label1950" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInSelfInsuranceReserveAfterTax" xlink:label="element1951" />
        <label xlink:type="resource" xlink:label="label1951" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncreaseDecreaseInSelfInsuranceReserveAfterTax_en-US">The after tax increase (decrease) during the period in the carrying amount of accrued known and estimated losses incurred for which no insurance coverage exists, and for which a claim has been made or is probable of being asserted, typically arising from workmen's' compensation-type of incidents and personal injury to nonemployees from accidents on the entity's property.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1951" xlink:to="label1951" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossOnInvestmentsAfterTax" xlink:label="element1952" />
        <label xlink:type="resource" xlink:label="label1952" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GainLossOnInvestmentsAfterTax_en-US">Gain (Loss) On Investments After Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1952" xlink:to="label1952" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GainLossOnInvestmentsAfterTax" xlink:label="element1953" />
        <label xlink:type="resource" xlink:label="label1953" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_GainLossOnInvestmentsAfterTax_en-US">This item represents the net total realized and unrealized after tax gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1953" xlink:to="label1953" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmortizationOfDebtDiscountPremiumAfterTax" xlink:label="element1954" />
        <label xlink:type="resource" xlink:label="label1954" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AmortizationOfDebtDiscountPremiumAfterTax_en-US">Amortization Of Debt Discount (Premium) After Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1954" xlink:to="label1954" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmortizationOfDebtDiscountPremiumAfterTax" xlink:label="element1955" />
        <label xlink:type="resource" xlink:label="label1955" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AmortizationOfDebtDiscountPremiumAfterTax_en-US">Amount of noncash expense after tax included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1955" xlink:to="label1955" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConvertedPercent" xlink:label="element1956" />
        <label xlink:type="resource" xlink:label="label1956" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleConvertedPercent_en-US">Debt Instrument Convertible Converted Percent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1956" xlink:to="label1956" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConvertedPercent" xlink:label="element1957" />
        <label xlink:type="resource" xlink:label="label1957" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleConvertedPercent_en-US">Percent of debntures converted during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1957" xlink:to="label1957" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleBeneficialConversionFeatureInterestExpense" xlink:label="element1958" />
        <label xlink:type="resource" xlink:label="label1958" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleBeneficialConversionFeatureInterestExpense_en-US">Debt Instrument Convertible Beneficial Conversion Feature Interest Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1958" xlink:to="label1958" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleBeneficialConversionFeatureInterestExpense" xlink:label="element1959" />
        <label xlink:type="resource" xlink:label="label1959" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DebtInstrumentConvertibleBeneficialConversionFeatureInterestExpense_en-US">Beneficial conversion feature, Interest Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1959" xlink:to="label1959" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleBeneficialConversionFeatureInterestExpense" xlink:label="element1960" />
        <label xlink:type="resource" xlink:label="label1960" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleBeneficialConversionFeatureInterestExpense_en-US">The amount of interest expense recognized associated to the benfecial conversion feature.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1960" xlink:to="label1960" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherTaxAuthorityMember" xlink:label="element1961" />
        <label xlink:type="resource" xlink:label="label1961" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherTaxAuthorityMember_en-US">Other Tax Authority [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1961" xlink:to="label1961" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherTaxAuthorityMember" xlink:label="element1962" />
        <label xlink:type="resource" xlink:label="label1962" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_OtherTaxAuthorityMember_en-US">Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1962" xlink:to="label1962" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SupplementalTaxInformationAbstract" xlink:label="element1963" />
        <label xlink:type="resource" xlink:label="label1963" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SupplementalTaxInformationAbstract_en-US">Supplemental Tax Information [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1963" xlink:to="label1963" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards" xlink:label="element1964" />
        <label xlink:type="resource" xlink:label="label1964" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards_en-US">Deferred Tax Assets Operating and Capital Tax Loss Carry Forwards</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1964" xlink:to="label1964" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards" xlink:label="element1965" />
        <label xlink:type="resource" xlink:label="label1965" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards_en-US">Amount before allocation of valuation allowances of deferred tax assets attributable to operating and capital tax losses carried forward.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1965" xlink:to="label1965" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards" xlink:label="element1966" />
        <label xlink:type="resource" xlink:label="label1966" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DeferredTaxAssetsOperatingAndCapitalTaxLossCarryForwards_en-US">Deferred Tax Assets, Tax Loss Carry Forwards</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1966" xlink:to="label1966" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NoncurrentDeferredTaxLiabilitiesAndAssetsAbstract" xlink:label="element1967" />
        <label xlink:type="resource" xlink:label="label1967" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NoncurrentDeferredTaxLiabilitiesAndAssetsAbstract_en-US">Noncurrent Deferred Tax Liabilities And Assets [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1967" xlink:to="label1967" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonCapitalLossCarryforwardMember" xlink:label="element1968" />
        <label xlink:type="resource" xlink:label="label1968" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NonCapitalLossCarryforwardMember_en-US">Non Capital Loss Carryforward [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1968" xlink:to="label1968" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonCapitalLossCarryforwardMember" xlink:label="element1969" />
        <label xlink:type="resource" xlink:label="label1969" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NonCapitalLossCarryforwardMember_en-US">Deductions derived from non-capital losses that cannot be utilized on the tax return during a period that have been carried forward to reduce taxable income or taxes payable in a future year.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1969" xlink:to="label1969" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TaxLossCarryForwardsAbstract" xlink:label="element1970" />
        <label xlink:type="resource" xlink:label="label1970" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TaxLossCarryForwardsAbstract_en-US">Tax Loss Carry Forwards [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1970" xlink:to="label1970" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TaxLossCarryForwardsValuationAllowanceAbstract" xlink:label="element1971" />
        <label xlink:type="resource" xlink:label="label1971" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TaxLossCarryForwardsValuationAllowanceAbstract_en-US">Tax Loss Carry Forwards Valuation Allowance [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1971" xlink:to="label1971" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TwoZeroZeroSixToTwoZeroOneZeroMember" xlink:label="element1972" />
        <label xlink:type="resource" xlink:label="label1972" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TwoZeroZeroSixToTwoZeroOneZeroMember_en-US">Two Zero Zero Six To Two Zero One Zero [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1972" xlink:to="label1972" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TwoZeroZeroSixToTwoZeroOneZeroMember" xlink:label="element1973" />
        <label xlink:type="resource" xlink:label="label1973" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_TwoZeroZeroSixToTwoZeroOneZeroMember_en-US">2006 through 2010 years [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1973" xlink:to="label1973" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TwoZeroZeroSixToTwoZeroOneZeroMember" xlink:label="element1974" />
        <label xlink:type="resource" xlink:label="label1974" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_TwoZeroZeroSixToTwoZeroOneZeroMember_en-US">Tax period examination from 2006 to 2010.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1974" xlink:to="label1974" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxExaminationPrepaymentOfPossibleLoss" xlink:label="element1975" />
        <label xlink:type="resource" xlink:label="label1975" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncomeTaxExaminationPrepaymentOfPossibleLoss_en-US">Income Tax Examination Prepayment Of Possible Loss</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1975" xlink:to="label1975" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxExaminationPrepaymentOfPossibleLoss" xlink:label="element1976" />
        <label xlink:type="resource" xlink:label="label1976" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncomeTaxExaminationPrepaymentOfPossibleLoss_en-US">Prepaid portion of estimated amount of loss resulting from an adverse tax position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1976" xlink:to="label1976" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxExaminationPrepaymentOfPossibleLoss" xlink:label="element1977" />
        <label xlink:type="resource" xlink:label="label1977" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_IncomeTaxExaminationPrepaymentOfPossibleLoss_en-US">Prepaid amount in dispute</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1977" xlink:to="label1977" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_WeightedAverageNumberOfSharesDeferredShareUnitsOutstanding" xlink:label="element1978" />
        <label xlink:type="resource" xlink:label="label1978" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_WeightedAverageNumberOfSharesDeferredShareUnitsOutstanding_en-US">Weighted Average Number of Shares deferred share units outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1978" xlink:to="label1978" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_WeightedAverageNumberOfSharesDeferredShareUnitsOutstanding" xlink:label="element1979" />
        <label xlink:type="resource" xlink:label="label1979" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_WeightedAverageNumberOfSharesDeferredShareUnitsOutstanding_en-US">This element represents the weighted average total number of deferred share unis throughout the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1979" xlink:to="label1979" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncrementalCommonSharesAttributableToDilutiveEffectOfDividendReinvesatmentProgram" xlink:label="element1980" />
        <label xlink:type="resource" xlink:label="label1980" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncrementalCommonSharesAttributableToDilutiveEffectOfDividendReinvesatmentProgram_en-US">Incremental Common Shares Attributable to Dilutive Effect of Dividend Reinvesatment Program</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1980" xlink:to="label1980" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncrementalCommonSharesAttributableToDilutiveEffectOfDividendReinvesatmentProgram" xlink:label="element1981" />
        <label xlink:type="resource" xlink:label="label1981" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncrementalCommonSharesAttributableToDilutiveEffectOfDividendReinvesatmentProgram_en-US">Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of dividend reinvestment program arrangements using the treasury stock method.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1981" xlink:to="label1981" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EarningsPerShareAdditionalInfomrationAbstract" xlink:label="element1982" />
        <label xlink:type="resource" xlink:label="label1982" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EarningsPerShareAdditionalInfomrationAbstract_en-US">Earnings Per Share, Additional Infomration [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1982" xlink:to="label1982" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccumulatedNetAvailableForSaleSecuritiesGainLossMember" xlink:label="element1983" />
        <label xlink:type="resource" xlink:label="label1983" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccumulatedNetAvailableForSaleSecuritiesGainLossMember_en-US">Accumulated Net Available For Sale Securities Gain (Loss) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1983" xlink:to="label1983" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccumulatedNetAvailableForSaleSecuritiesGainLossMember" xlink:label="element1984" />
        <label xlink:type="resource" xlink:label="label1984" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AccumulatedNetAvailableForSaleSecuritiesGainLossMember_en-US">Accumulated other comprehensive income (loss) resulting from gain (loss) from available-for-sale securities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1984" xlink:to="label1984" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccumulatedNetAvailableForSaleSecuritiesGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element1985" />
        <label xlink:type="resource" xlink:label="label1985" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccumulatedNetAvailableForSaleSecuritiesGainLossIncludingPortionAttributableToNoncontrollingInterestMember_en-US">Accumulated Net Available For Sale Securities Gain Loss Including Portion Attributable To Noncontrolling Interest [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1985" xlink:to="label1985" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccumulatedNetAvailableForSaleSecuritiesGainLossIncludingPortionAttributableToNoncontrollingInterestMember" xlink:label="element1986" />
        <label xlink:type="resource" xlink:label="label1986" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AccumulatedNetAvailableForSaleSecuritiesGainLossIncludingPortionAttributableToNoncontrollingInterestMember_en-US">Accumulated other comprehensive income (loss) resulting from gain (loss) from available-for-sale securities, including portion to noncontrolling interest.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1986" xlink:to="label1986" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerAndGasSwapsMember" xlink:label="element1987" />
        <label xlink:type="resource" xlink:label="label1987" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PowerAndGasSwapsMember_en-US">Power and Gas Swaps [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1987" xlink:to="label1987" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EnergyRelatedInventoryEmissionCredits" xlink:label="element1988" />
        <label xlink:type="resource" xlink:label="label1988" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EnergyRelatedInventoryEmissionCredits_en-US">Energy Related Inventory, Emission Credits</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1988" xlink:to="label1988" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EnergyRelatedInventoryEmissionCredits" xlink:label="element1989" />
        <label xlink:type="resource" xlink:label="label1989" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EnergyRelatedInventoryEmissionCredits_en-US">Carrying amount as of the balance sheet date of emission credits form the Acid Rain Program for sulphur dioxide emissions and the Regional Greenhouse Gas Initiative (RGGI) for carbon dioxide emissions. The emissions credits inventory balance represents the credits purchased to offset the other current liabilities and other long-term liabilities associated with these programs..</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1989" xlink:to="label1989" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EnergyRelatedInventoryEmissionCredits" xlink:label="element1990" />
        <label xlink:type="resource" xlink:label="label1990" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_EnergyRelatedInventoryEmissionCredits_en-US">Emission Credits</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1990" xlink:to="label1990" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInCommonStockSharesRollForward" xlink:label="element1991" />
        <label xlink:type="resource" xlink:label="label1991" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncreaseDecreaseInCommonStockSharesRollForward_en-US">Increase (Decrease) In Common Stock Shares [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1991" xlink:to="label1991" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedForCashUnderPurchasePlansAtMarketRateShares" xlink:label="element1992" />
        <label xlink:type="resource" xlink:label="label1992" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_StockIssuedForCashUnderPurchasePlansAtMarketRateShares_en-US">Stock Issued For Cash Under Purchase Plans At Market Rate, Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1992" xlink:to="label1992" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedForCashUnderPurchasePlansAtMarketRateShares" xlink:label="element1993" />
        <label xlink:type="resource" xlink:label="label1993" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_StockIssuedForCashUnderPurchasePlansAtMarketRateShares_en-US">Number of shares issued for cash under purchase plans at market rate during the current period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1993" xlink:to="label1993" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedForCashUnderPurchasePlansAtMarketRateShares" xlink:label="element1994" />
        <label xlink:type="resource" xlink:label="label1994" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_StockIssuedForCashUnderPurchasePlansAtMarketRateShares_en-US">Issued for cash under Purchase Plans at market rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1994" xlink:to="label1994" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedForCashUnderPurchasePlansAtMarketRateValue" xlink:label="element1995" />
        <label xlink:type="resource" xlink:label="label1995" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_StockIssuedForCashUnderPurchasePlansAtMarketRateValue_en-US">Stock Issued For Cash Under Purchase Plans At Market Rate, Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1995" xlink:to="label1995" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedForCashUnderPurchasePlansAtMarketRateValue" xlink:label="element1996" />
        <label xlink:type="resource" xlink:label="label1996" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_StockIssuedForCashUnderPurchasePlansAtMarketRateValue_en-US">Equity impact of the value of new stock issued for cash under purchase plans at market rate during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1996" xlink:to="label1996" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockIssuedForCashUnderPurchasePlansAtMarketRateValue" xlink:label="element1997" />
        <label xlink:type="resource" xlink:label="label1997" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_StockIssuedForCashUnderPurchasePlansAtMarketRateValue_en-US">Issued for cash under Purchase Plans at market rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1997" xlink:to="label1997" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseInCommonStockValueRollForward" xlink:label="element1998" />
        <label xlink:type="resource" xlink:label="label1998" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncreaseDecreaseInCommonStockValueRollForward_en-US">Increase (Decrease) In Common Stock Value [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1998" xlink:to="label1998" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendReinvestmentMember" xlink:label="element1999" />
        <label xlink:type="resource" xlink:label="label1999" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DividendReinvestmentMember_en-US">Dividend Reinvestment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element1999" xlink:to="label1999" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendReinvestmentMember" xlink:label="element2000" />
        <label xlink:type="resource" xlink:label="label2000" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DividendReinvestmentMember_en-US">Dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2000" xlink:to="label2000" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPercent" xlink:label="element2001" />
        <label xlink:type="resource" xlink:label="label2001" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleConversionPercent_en-US">Debt Instrument, Convertible, Conversion Percent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2001" xlink:to="label2001" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPercent" xlink:label="element2002" />
        <label xlink:type="resource" xlink:label="label2002" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleConversionPercent_en-US">Percentage used to convert debt into common shares.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2002" xlink:to="label2002" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentFaceAmountAdditionalAmount" xlink:label="element2003" />
        <label xlink:type="resource" xlink:label="label2003" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentFaceAmountAdditionalAmount_en-US">Debt Instrument, Face Amount, Additional Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2003" xlink:to="label2003" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentFaceAmountAdditionalAmount" xlink:label="element2004" />
        <label xlink:type="resource" xlink:label="label2004" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentFaceAmountAdditionalAmount_en-US">Additional amount added to the face (par) amount of debt instrument after time of issuance of the debt instrument.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2004" xlink:to="label2004" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShare" xlink:label="element2005" />
        <label xlink:type="resource" xlink:label="label2005" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleConversionPerShare_en-US">Debt Instrument, Convertible, Conversion Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2005" xlink:to="label2005" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShare" xlink:label="element2006" />
        <label xlink:type="resource" xlink:label="label2006" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleConversionPerShare_en-US">The price per share of the conversion of the debt instrument to common shares.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2006" xlink:to="label2006" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShare" xlink:label="element2007" />
        <label xlink:type="resource" xlink:label="label2007" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DebtInstrumentConvertibleConversionPerShare_en-US">Debt Instrument, Convertible, Conversion Per Share</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2007" xlink:to="label2007" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShareFirstInstallment" xlink:label="element2008" />
        <label xlink:type="resource" xlink:label="label2008" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleConversionPerShareFirstInstallment_en-US">Debt Instrument, Convertible, Conversion Per Share, First Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2008" xlink:to="label2008" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShareFirstInstallment" xlink:label="element2009" />
        <label xlink:type="resource" xlink:label="label2009" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleConversionPerShareFirstInstallment_en-US">The price per share of the first installment of the conversion of debt instrument to common shares.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2009" xlink:to="label2009" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShareFinalInstallment" xlink:label="element2010" />
        <label xlink:type="resource" xlink:label="label2010" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleConversionPerShareFinalInstallment_en-US">Debt Instrument, Convertible, Conversion Per Share, Final Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2010" xlink:to="label2010" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleConversionPerShareFinalInstallment" xlink:label="element2011" />
        <label xlink:type="resource" xlink:label="label2011" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleConversionPerShareFinalInstallment_en-US">The price per share of the final installment of the conversion of debt instrument to common shares.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2011" xlink:to="label2011" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtFirstInstallment" xlink:label="element2012" />
        <label xlink:type="resource" xlink:label="label2012" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ProceedsFromConvertibleDebtFirstInstallment_en-US">Proceeds from Convertible Debt First Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2012" xlink:to="label2012" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtFirstInstallment" xlink:label="element2013" />
        <label xlink:type="resource" xlink:label="label2013" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ProceedsFromConvertibleDebtFirstInstallment_en-US">The cash inflow of the first installment payment from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2013" xlink:to="label2013" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtNetOfIssuanceCostsFirstInstallment" xlink:label="element2014" />
        <label xlink:type="resource" xlink:label="label2014" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ProceedsFromConvertibleDebtNetOfIssuanceCostsFirstInstallment_en-US">Proceeds from Convertible Debt Net of Issuance Costs, First Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2014" xlink:to="label2014" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtNetOfIssuanceCostsFirstInstallment" xlink:label="element2015" />
        <label xlink:type="resource" xlink:label="label2015" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ProceedsFromConvertibleDebtNetOfIssuanceCostsFirstInstallment_en-US">Proceeds from Convertible Debt Net of Issuance Costs, First Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2015" xlink:to="label2015" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtNetOfIssuanceCostsFirstInstallment" xlink:label="element2016" />
        <label xlink:type="resource" xlink:label="label2016" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_ProceedsFromConvertibleDebtNetOfIssuanceCostsFirstInstallment_en-US">Proceeds from Convertible Debt Net of Issuance Costs, First Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2016" xlink:to="label2016" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtFinalInstallment" xlink:label="element2017" />
        <label xlink:type="resource" xlink:label="label2017" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ProceedsFromConvertibleDebtFinalInstallment_en-US">Proceeds from Convertible Debt , Final Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2017" xlink:to="label2017" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromConvertibleDebtFinalInstallment" xlink:label="element2018" />
        <label xlink:type="resource" xlink:label="label2018" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ProceedsFromConvertibleDebtFinalInstallment_en-US">Proceeds from Convertible Debt , Final Installment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2018" xlink:to="label2018" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentDateOfFinalPayment" xlink:label="element2019" />
        <label xlink:type="resource" xlink:label="label2019" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentDateOfFinalPayment_en-US">Debt Instrument, Date of Final Payment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2019" xlink:to="label2019" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentDateOfFinalPayment" xlink:label="element2020" />
        <label xlink:type="resource" xlink:label="label2020" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentDateOfFinalPayment_en-US">Date the debt agreement requires the final payment to be made, in CCYY-MM-DD format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2020" xlink:to="label2020" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InterestExpenseDebtAfterTax" xlink:label="element2021" />
        <label xlink:type="resource" xlink:label="label2021" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_InterestExpenseDebtAfterTax_en-US">Interest Expense Debt After Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2021" xlink:to="label2021" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InterestExpenseDebtAfterTax" xlink:label="element2022" />
        <label xlink:type="resource" xlink:label="label2022" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_InterestExpenseDebtAfterTax_en-US">Amount of the cost of borrowed funds accounted for as interest expense for debt after tax.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2022" xlink:to="label2022" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaidAfterTax" xlink:label="element2023" />
        <label xlink:type="resource" xlink:label="label2023" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaidAfterTax_en-US">Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid After Tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2023" xlink:to="label2023" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaidAfterTax" xlink:label="element2024" />
        <label xlink:type="resource" xlink:label="label2024" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaidAfterTax_en-US">Amount of payment greater than the preceding installment payments to be paid at final maturity date of debt.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2024" xlink:to="label2024" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockConversionRate" xlink:label="element2025" />
        <label xlink:type="resource" xlink:label="label2025" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommonStockConversionRate_en-US">Common Stock, Conversion Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2025" xlink:to="label2025" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockConversionRate" xlink:label="element2026" />
        <label xlink:type="resource" xlink:label="label2026" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CommonStockConversionRate_en-US">Rate of conversion of convertible common stock.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2026" xlink:to="label2026" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryDeferralHedgeMember" xlink:label="element2027" />
        <label xlink:type="resource" xlink:label="label2027" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatoryDeferralHedgeMember_en-US">Regulatory Deferral Hedge [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2027" xlink:to="label2027" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryDeferralHedgeMember" xlink:label="element2028" />
        <label xlink:type="resource" xlink:label="label2028" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatoryDeferralHedgeMember_en-US">Hedge of the exposure to variability in the regulatory deferral hedges of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2028" xlink:to="label2028" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HeldForTradingHedgeMember" xlink:label="element2029" />
        <label xlink:type="resource" xlink:label="label2029" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HeldForTradingHedgeMember_en-US">Held for Trading Hedge [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2029" xlink:to="label2029" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HeldForTradingHedgeMember" xlink:label="element2030" />
        <label xlink:type="resource" xlink:label="label2030" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_HeldForTradingHedgeMember_en-US">Hedge of the exposure to held for trading hedges recognized as an asset or liability, or of a forecasted transaction, that is attributable to a particular risk.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2030" xlink:to="label2030" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherDerivativesHedgeMember" xlink:label="element2031" />
        <label xlink:type="resource" xlink:label="label2031" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherDerivativesHedgeMember_en-US">Other Derivatives Hedge [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2031" xlink:to="label2031" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherDerivativesHedgeMember" xlink:label="element2032" />
        <label xlink:type="resource" xlink:label="label2032" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OtherDerivativesHedgeMember_en-US">Hedge of the exposure derivatives classified as other of a recognized asset or liability, or of a forecasted transaction, that is attributable to a particular risk.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2032" xlink:to="label2032" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerSwapsMember" xlink:label="element2033" />
        <label xlink:type="resource" xlink:label="label2033" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PowerSwapsMember_en-US">Power swaps [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2033" xlink:to="label2033" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerSwapsMember" xlink:label="element2034" />
        <label xlink:type="resource" xlink:label="label2034" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PowerSwapsMember_en-US">Power swaps</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2034" xlink:to="label2034" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CoalPurchasesMember" xlink:label="element2035" />
        <label xlink:type="resource" xlink:label="label2035" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CoalPurchasesMember_en-US">Coal purchases [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2035" xlink:to="label2035" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CoalPurchasesMember" xlink:label="element2036" />
        <label xlink:type="resource" xlink:label="label2036" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CoalPurchasesMember_en-US">Derivative instrument whose primary underlying risk is tied to commodity prices for coal purchases.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2036" xlink:to="label2036" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasPurchasesAndSalesMember" xlink:label="element2037" />
        <label xlink:type="resource" xlink:label="label2037" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NaturalGasPurchasesAndSalesMember_en-US">Natural gas purchases and sales [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2037" xlink:to="label2037" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasPurchasesAndSalesMember" xlink:label="element2038" />
        <label xlink:type="resource" xlink:label="label2038" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NaturalGasPurchasesAndSalesMember_en-US">Derivative instrument whose primary underlying risk is tied to commodity prices for natural gas purchases and sales.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2038" xlink:to="label2038" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HeavyFuelOilPurchasesMember" xlink:label="element2039" />
        <label xlink:type="resource" xlink:label="label2039" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HeavyFuelOilPurchasesMember_en-US">Heavy fuel oil purchases [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2039" xlink:to="label2039" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HeavyFuelOilPurchasesMember" xlink:label="element2040" />
        <label xlink:type="resource" xlink:label="label2040" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_HeavyFuelOilPurchasesMember_en-US">Derivative instrument whose primary underlying risk is tied to commodity prices for heavy fuel oil purchases.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2040" xlink:to="label2040" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PhysicalNaturalGasPurchasesAndSalesMember" xlink:label="element2041" />
        <label xlink:type="resource" xlink:label="label2041" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PhysicalNaturalGasPurchasesAndSalesMember_en-US">Physical natural gas purchases and sales [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2041" xlink:to="label2041" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PhysicalNaturalGasPurchasesAndSalesMember" xlink:label="element2042" />
        <label xlink:type="resource" xlink:label="label2042" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PhysicalNaturalGasPurchasesAndSalesMember_en-US">Physical natural gas purchases and sales contracts traded.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2042" xlink:to="label2042" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerSwapsAndPhysicalContractsMember" xlink:label="element2043" />
        <label xlink:type="resource" xlink:label="label2043" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PowerSwapsAndPhysicalContractsMember_en-US">Power swaps and physical contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2043" xlink:to="label2043" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerSwapsAndPhysicalContractsMember" xlink:label="element2044" />
        <label xlink:type="resource" xlink:label="label2044" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PowerSwapsAndPhysicalContractsMember_en-US">Power swaps and physical contracts.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2044" xlink:to="label2044" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasSwapsFuturesForwardsPhysicalContractsMember" xlink:label="element2045" />
        <label xlink:type="resource" xlink:label="label2045" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NaturalGasSwapsFuturesForwardsPhysicalContractsMember_en-US">Natural gas swaps, futures, forwards, physical contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2045" xlink:to="label2045" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasSwapsFuturesForwardsPhysicalContractsMember" xlink:label="element2046" />
        <label xlink:type="resource" xlink:label="label2046" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NaturalGasSwapsFuturesForwardsPhysicalContractsMember_en-US">Natural gas swaps, futures, forwards, physical contracts traded.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2046" xlink:to="label2046" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnrealizedGainLossOnCashFlowHedgingInstrumentsEffectivePortion" xlink:label="element2047" />
        <label xlink:type="resource" xlink:label="label2047" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnrealizedGainLossOnCashFlowHedgingInstrumentsEffectivePortion_en-US">Unrealized Gain (Loss) on Cash Flow Hedging Instruments, Effective Portion</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2047" xlink:to="label2047" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnrealizedGainLossOnCashFlowHedgingInstrumentsEffectivePortion" xlink:label="element2048" />
        <label xlink:type="resource" xlink:label="label2048" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_UnrealizedGainLossOnCashFlowHedgingInstrumentsEffectivePortion_en-US">Amount of unrealized gain (loss) related to derivatives designated as cash flow hedging instruments, recorded in results of operations to the extent that the cash flow hedge is determined to be effective.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2048" xlink:to="label2048" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember" xlink:label="element2049" />
        <label xlink:type="resource" xlink:label="label2049" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember_en-US">Non-regulated fuel for generation and purchased power [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2049" xlink:to="label2049" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember" xlink:label="element2050" />
        <label xlink:type="resource" xlink:label="label2050" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NonRegulatedFuelForGenerationAndPurchasedPowerMember_en-US">Non-regulated fuel for generation and purchased power.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2050" xlink:to="label2050" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedMember" xlink:label="element2051" />
        <label xlink:type="resource" xlink:label="label2051" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatedMember_en-US">Regulated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2051" xlink:to="label2051" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsAxis" xlink:label="element2052" />
        <label xlink:type="resource" xlink:label="label2052" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsAxis_en-US">Future Maturities of Derivative Notional Amounts in Years [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2052" xlink:to="label2052" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsDomain" xlink:label="element2053" />
        <label xlink:type="resource" xlink:label="label2053" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FutureMaturitiesOfDerivativeNotionalAmountsInYearsDomain_en-US">Future Maturities of Derivative Notional Amounts in Years [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2053" xlink:to="label2053" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearOneMember" xlink:label="element2054" />
        <label xlink:type="resource" xlink:label="label2054" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_YearOneMember_en-US">Year One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2054" xlink:to="label2054" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearOneMember" xlink:label="element2055" />
        <label xlink:type="resource" xlink:label="label2055" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_YearOneMember_en-US">2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2055" xlink:to="label2055" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearTwoMember" xlink:label="element2056" />
        <label xlink:type="resource" xlink:label="label2056" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_YearTwoMember_en-US">Year Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2056" xlink:to="label2056" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearTwoMember" xlink:label="element2057" />
        <label xlink:type="resource" xlink:label="label2057" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_YearTwoMember_en-US">2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2057" xlink:to="label2057" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearThreeMember" xlink:label="element2058" />
        <label xlink:type="resource" xlink:label="label2058" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_YearThreeMember_en-US">Year Three [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2058" xlink:to="label2058" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearThreeMember" xlink:label="element2059" />
        <label xlink:type="resource" xlink:label="label2059" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_YearThreeMember_en-US">2019</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2059" xlink:to="label2059" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearFourMember" xlink:label="element2060" />
        <label xlink:type="resource" xlink:label="label2060" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_YearFourMember_en-US">Year Four [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2060" xlink:to="label2060" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearFourMember" xlink:label="element2061" />
        <label xlink:type="resource" xlink:label="label2061" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_YearFourMember_en-US">2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2061" xlink:to="label2061" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearFiveMember" xlink:label="element2062" />
        <label xlink:type="resource" xlink:label="label2062" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_YearFiveMember_en-US">Year Five [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2062" xlink:to="label2062" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearFiveMember" xlink:label="element2063" />
        <label xlink:type="resource" xlink:label="label2063" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_YearFiveMember_en-US">2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2063" xlink:to="label2063" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommoditySwapsAndForwardsMember" xlink:label="element2064" />
        <label xlink:type="resource" xlink:label="label2064" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommoditySwapsAndForwardsMember_en-US">Commodity swaps and forwards [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2064" xlink:to="label2064" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryAssetsMember" xlink:label="element2065" />
        <label xlink:type="resource" xlink:label="label2065" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatoryAssetsMember_en-US">Regulatory Assets [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2065" xlink:to="label2065" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryAssetsMember" xlink:label="element2066" />
        <label xlink:type="resource" xlink:label="label2066" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatoryAssetsMember_en-US">Represents the impact on regulatory assets.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2066" xlink:to="label2066" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryLiabilitiesMember" xlink:label="element2067" />
        <label xlink:type="resource" xlink:label="label2067" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatoryLiabilitiesMember_en-US">Regulatory Liabilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2067" xlink:to="label2067" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryLiabilitiesMember" xlink:label="element2068" />
        <label xlink:type="resource" xlink:label="label2068" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatoryLiabilitiesMember_en-US">Represents the impact on regulatory liabilities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2068" xlink:to="label2068" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InventoryMember" xlink:label="element2069" />
        <label xlink:type="resource" xlink:label="label2069" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_InventoryMember_en-US">Inventory [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2069" xlink:to="label2069" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearTwoThroughFiveMember" xlink:label="element2070" />
        <label xlink:type="resource" xlink:label="label2070" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_YearTwoThroughFiveMember_en-US">Year Two Through Five [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2070" xlink:to="label2070" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_YearTwoThroughFiveMember" xlink:label="element2071" />
        <label xlink:type="resource" xlink:label="label2071" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_YearTwoThroughFiveMember_en-US">2017 to 2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2071" xlink:to="label2071" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativePercentOfUsdRequiredToPurchase" xlink:label="element2072" />
        <label xlink:type="resource" xlink:label="label2072" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DerivativePercentOfUsdRequiredToPurchase_en-US">Derivative, Percent of USD Required to Purchase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2072" xlink:to="label2072" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativePercentOfUsdRequiredToPurchase" xlink:label="element2073" />
        <label xlink:type="resource" xlink:label="label2073" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DerivativePercentOfUsdRequiredToPurchase_en-US">Percent of USD fuel required to purchase.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2073" xlink:to="label2073" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ForeignExchangeSwapsAndForwardContractsMember" xlink:label="element2074" />
        <label xlink:type="resource" xlink:label="label2074" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ForeignExchangeSwapsAndForwardContractsMember_en-US">Foreign Exchange Swaps and Forward Contracts [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2074" xlink:to="label2074" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasMember" xlink:label="element2075" />
        <label xlink:type="resource" xlink:label="label2075" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NaturalGasMember_en-US">Natural Gas [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2075" xlink:to="label2075" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasMember" xlink:label="element2076" />
        <label xlink:type="resource" xlink:label="label2076" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NaturalGasMember_en-US">Represents natural gas.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2076" xlink:to="label2076" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerMember" xlink:label="element2077" />
        <label xlink:type="resource" xlink:label="label2077" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PowerMember_en-US">Power [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2077" xlink:to="label2077" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PowerMember" xlink:label="element2078" />
        <label xlink:type="resource" xlink:label="label2078" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PowerMember_en-US">Represents power.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2078" xlink:to="label2078" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BrunswickPipelineMember" xlink:label="element2079" />
        <label xlink:type="resource" xlink:label="label2079" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BrunswickPipelineMember_en-US">Brunswick Pipeline [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2079" xlink:to="label2079" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BrunswickPipelineMember" xlink:label="element2080" />
        <label xlink:type="resource" xlink:label="label2080" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BrunswickPipelineMember_en-US">Brunswick Pipeline.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2080" xlink:to="label2080" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueValue" xlink:label="element2081" />
        <label xlink:type="resource" xlink:label="label2081" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DerivativeCreditRiskPastDueValue_en-US">Derivative, Credit Risk, Past Due Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2081" xlink:to="label2081" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueValue" xlink:label="element2082" />
        <label xlink:type="resource" xlink:label="label2082" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DerivativeCreditRiskPastDueValue_en-US">Amount of finacial assets that are past due related to Derivatives.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2082" xlink:to="label2082" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueValue" xlink:label="element2083" />
        <label xlink:type="resource" xlink:label="label2083" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DerivativeCreditRiskPastDueValue_en-US">Financial assets, considered to be past due</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2083" xlink:to="label2083" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueDaysOutstanding" xlink:label="element2084" />
        <label xlink:type="resource" xlink:label="label2084" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DerivativeCreditRiskPastDueDaysOutstanding_en-US">Derivative, Credit Risk, Past Due Days Outstanding</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2084" xlink:to="label2084" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueDaysOutstanding" xlink:label="element2085" />
        <label xlink:type="resource" xlink:label="label2085" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DerivativeCreditRiskPastDueDaysOutstanding_en-US">The average days outstanding on financial assets related to derivatives expressed as PnYnMnDTnHnMnS.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2085" xlink:to="label2085" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueValueNet" xlink:label="element2086" />
        <label xlink:type="resource" xlink:label="label2086" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DerivativeCreditRiskPastDueValueNet_en-US">Derivative, Credit Risk, Past Due Value, Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2086" xlink:to="label2086" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueValueNet" xlink:label="element2087" />
        <label xlink:type="resource" xlink:label="label2087" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DerivativeCreditRiskPastDueValueNet_en-US">Net amount after allowance for doubtful accounts of finacial assets that are past due related to Derivatives.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2087" xlink:to="label2087" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DerivativeCreditRiskPastDueValueNet" xlink:label="element2088" />
        <label xlink:type="resource" xlink:label="label2088" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DerivativeCreditRiskPastDueValueNet_en-US">Fair Value of assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2088" xlink:to="label2088" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccountsReceivableResidentialMember" xlink:label="element2089" />
        <label xlink:type="resource" xlink:label="label2089" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccountsReceivableResidentialMember_en-US">Accounts Receivable, Residential [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2089" xlink:to="label2089" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccountsReceivableCommercialMember" xlink:label="element2090" />
        <label xlink:type="resource" xlink:label="label2090" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccountsReceivableCommercialMember_en-US">Accounts Receivable, Commercial [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2090" xlink:to="label2090" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccountsReceivableIndustrialMember" xlink:label="element2091" />
        <label xlink:type="resource" xlink:label="label2091" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccountsReceivableIndustrialMember_en-US">Accounts Receivable, Industrial [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2091" xlink:to="label2091" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccountsReceivableOtherMember" xlink:label="element2092" />
        <label xlink:type="resource" xlink:label="label2092" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccountsReceivableOtherMember_en-US">Accounts Receivable, Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2092" xlink:to="label2092" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherAccountsReceivableMember" xlink:label="element2093" />
        <label xlink:type="resource" xlink:label="label2093" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherAccountsReceivableMember_en-US">Other Accounts Receivable [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2093" xlink:to="label2093" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BbbMinusToBbbPlusRatingMember" xlink:label="element2094" />
        <label xlink:type="resource" xlink:label="label2094" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BbbMinusToBbbPlusRatingMember_en-US">BBB Minus to BBB Plus Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2094" xlink:to="label2094" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BbbMinusToBbbPlusRatingMember" xlink:label="element2095" />
        <label xlink:type="resource" xlink:label="label2095" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_BbbMinusToBbbPlusRatingMember_en-US">BBB- to BBB credit rating as defined by a mix external credit rating agency.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2095" xlink:to="label2095" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BbbMinusToBbbPlusRatingMember" xlink:label="element2096" />
        <label xlink:type="resource" xlink:label="label2096" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_BbbMinusToBbbPlusRatingMember_en-US">BBB- to BBB+ Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2096" xlink:to="label2096" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NotRatedMember" xlink:label="element2097" />
        <label xlink:type="resource" xlink:label="label2097" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NotRatedMember_en-US">Not Rated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2097" xlink:to="label2097" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NotRatedMember" xlink:label="element2098" />
        <label xlink:type="resource" xlink:label="label2098" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NotRatedMember_en-US">Not rated by a credit agency.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2098" xlink:to="label2098" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CreditRatingAxis" xlink:label="element2099" />
        <label xlink:type="resource" xlink:label="label2099" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CreditRatingAxis_en-US">Credit Rating [Axis]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2099" xlink:to="label2099" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CreditRatingAxis" xlink:label="element2100" />
        <label xlink:type="resource" xlink:label="label2100" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CreditRatingAxis_en-US">Information by by multiple credit rating agencies.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2100" xlink:to="label2100" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ExternalCreditRatingDomain" xlink:label="element2101" />
        <label xlink:type="resource" xlink:label="label2101" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ExternalCreditRatingDomain_en-US">External Credit Rating [Domain]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2101" xlink:to="label2101" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ExternalCreditRatingDomain" xlink:label="element2102" />
        <label xlink:type="resource" xlink:label="label2102" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ExternalCreditRatingDomain_en-US">Credit-ratings as used by multiple credit agencies.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2102" xlink:to="label2102" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AMinusRatingMember" xlink:label="element2103" />
        <label xlink:type="resource" xlink:label="label2103" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AMinusRatingMember_en-US">A Minus Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2103" xlink:to="label2103" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AMinusRatingMember" xlink:label="element2104" />
        <label xlink:type="resource" xlink:label="label2104" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AMinusRatingMember_en-US">A- credit rating as defined by the external credit rating by multiple credit agencies</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2104" xlink:to="label2104" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AMinusRatingMember" xlink:label="element2105" />
        <label xlink:type="resource" xlink:label="label2105" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_AMinusRatingMember_en-US">A- Rating [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2105" xlink:to="label2105" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CashFlowHedgingAndHeldForTradingHedgeMember" xlink:label="element2106" />
        <label xlink:type="resource" xlink:label="label2106" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CashFlowHedgingAndHeldForTradingHedgeMember_en-US">Cash Flow Hedging And Held for Trading Hedge [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2106" xlink:to="label2106" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CashFlowHedgingAndHeldForTradingHedgeMember" xlink:label="element2107" />
        <label xlink:type="resource" xlink:label="label2107" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CashFlowHedgingAndHeldForTradingHedgeMember_en-US">Represents cash flow hedging and held for trading hedge contracts and activity.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2107" xlink:to="label2107" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelForGenerationAndPurchasedPowerMember" xlink:label="element2108" />
        <label xlink:type="resource" xlink:label="label2108" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatedFuelForGenerationAndPurchasedPowerMember_en-US">Regulated fuel for generation and purchased power [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2108" xlink:to="label2108" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelForGenerationAndPurchasedPowerMember" xlink:label="element2109" />
        <label xlink:type="resource" xlink:label="label2109" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatedFuelForGenerationAndPurchasedPowerMember_en-US">Regulated fuel for generation and purchased power.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2109" xlink:to="label2109" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueAssetsMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss" xlink:label="element2110" />
        <label xlink:type="resource" xlink:label="label2110" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FairValueAssetsMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss_en-US">Fair Value, Assets Measured on Recurring Basis, Total Unrealized and Realized Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2110" xlink:to="label2110" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueAssetsMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss" xlink:label="element2111" />
        <label xlink:type="resource" xlink:label="label2111" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FairValueAssetsMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss_en-US">Total amount of unrealized (holding) gain (loss) and realized gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2111" xlink:to="label2111" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueAssetsMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss" xlink:label="element2112" />
        <label xlink:type="resource" xlink:label="label2112" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_FairValueAssetsMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss_en-US">Total realized and unrealized gains (losses) included in non-regulated operating revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2112" xlink:to="label2112" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueLiabilitiesMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss" xlink:label="element2113" />
        <label xlink:type="resource" xlink:label="label2113" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FairValueLiabilitiesMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss_en-US">Total amount of unrealized (holding) gain (loss) and realized gain (loss) which is included in the statement of income (or changes in net liabilities) related to those liabilities still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2113" xlink:to="label2113" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueLiabilitiesMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss" xlink:label="element2114" />
        <label xlink:type="resource" xlink:label="label2114" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FairValueLiabilitiesMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss_en-US">Fair Value, Liabilities Measured on Recurring Basis, Total Unrealized and Realized Gain (Loss)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2114" xlink:to="label2114" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueLiabilitiesMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss" xlink:label="element2115" />
        <label xlink:type="resource" xlink:label="label2115" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_FairValueLiabilitiesMeasuredOnRecurringBasisTotalUnrealizedAndRealizedGainLoss_en-US">Total realized and unrealized gains (losses) included in non-regulated operating revenues</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2115" xlink:to="label2115" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueInputsAssetsAndLiabilitiesQuantitativeInformationLineItems" xlink:label="element2116" />
        <label xlink:type="resource" xlink:label="label2116" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FairValueInputsAssetsAndLiabilitiesQuantitativeInformationLineItems_en-US">Fair Value Inputs, Assets and Liabilities, Quantitative Information [Line Items]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2116" xlink:to="label2116" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueInputsCorrelationFactor" xlink:label="element2117" />
        <label xlink:type="resource" xlink:label="label2117" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FairValueInputsCorrelationFactor_en-US">Fair Value Inputs, Correlation factor</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2117" xlink:to="label2117" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueInputsAssetsAndLiabilitiesQuantitativeInformationTableTable" xlink:label="element2118" />
        <label xlink:type="resource" xlink:label="label2118" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FairValueInputsAssetsAndLiabilitiesQuantitativeInformationTableTable_en-US">Fair Value Inputs, Assets and Liabilities, Quantitative Information [Table] [Table]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2118" xlink:to="label2118" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetSaleOfNaturalGasAndTransportationMember" xlink:label="element2119" />
        <label xlink:type="resource" xlink:label="label2119" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NetSaleOfNaturalGasAndTransportationMember_en-US">Net sale of natural gas and transportation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2119" xlink:to="label2119" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NaturalGasTransportationCapacityMember" xlink:label="element2120" />
        <label xlink:type="resource" xlink:label="label2120" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NaturalGasTransportationCapacityMember_en-US">Natural gas transportation capacity [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2120" xlink:to="label2120" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SaleOfNaturalGasSaleOfPowerConstructionOperationsManagementAndEngineeringServicesAndHedgingServicesMember" xlink:label="element2121" />
        <label xlink:type="resource" xlink:label="label2121" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SaleOfNaturalGasSaleOfPowerConstructionOperationsManagementAndEngineeringServicesAndHedgingServicesMember_en-US">Sale of Natural Gas, Sale of Power, Construction, Operations Management and Engineering Services, and Hedging Services [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2121" xlink:to="label2121" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NonRegulatedMember" xlink:label="element2122" />
        <label xlink:type="resource" xlink:label="label2122" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NonRegulatedMember_en-US">Non-regulated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2122" xlink:to="label2122" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NovaScotiaPowerIncEmeraMaineAndGrandBahamaPowerCompanyLimitedMember" xlink:label="element2123" />
        <label xlink:type="resource" xlink:label="label2123" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NovaScotiaPowerIncEmeraMaineAndGrandBahamaPowerCompanyLimitedMember_en-US">Nova Scotia Power Inc., Emera Maine and Grand Bahama Power Company Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2123" xlink:to="label2123" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AssetRetirementObligationDeferredAccretionExpense" xlink:label="element2124" />
        <label xlink:type="resource" xlink:label="label2124" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AssetRetirementObligationDeferredAccretionExpense_en-US">Asset Retirement Obligation, Deferred Accretion Expense</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2124" xlink:to="label2124" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AssetRetirementObligationDeferredAccretionExpense" xlink:label="element2125" />
        <label xlink:type="resource" xlink:label="label2125" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AssetRetirementObligationDeferredAccretionExpense_en-US">Amount of deferred accretion expense during the period that is associated with an asset retirement obligation.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2125" xlink:to="label2125" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FloridaPublicServiceCommissionMember" xlink:label="element2126" />
        <label xlink:type="resource" xlink:label="label2126" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FloridaPublicServiceCommissionMember_en-US">Florida Public Service Commission [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2126" xlink:to="label2126" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FloridaPublicServiceCommissionMember" xlink:label="element2127" />
        <label xlink:type="resource" xlink:label="label2127" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FloridaPublicServiceCommissionMember_en-US">Florida Public Service Commission.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2127" xlink:to="label2127" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedRateIncreaseDecreasePercentageBondRateThreshold" xlink:label="element2128" />
        <label xlink:type="resource" xlink:label="label2128" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedRateIncreaseDecreasePercentageBondRateThreshold_en-US">Public Utilities Approved Rate Increase (Decrease) Percentage Bond Rate Threshold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2128" xlink:to="label2128" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedRateIncreaseDecreasePercentageBondRateThreshold" xlink:label="element2129" />
        <label xlink:type="resource" xlink:label="label2129" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedRateIncreaseDecreasePercentageBondRateThreshold_en-US">Percentage of public utility's approved return on equity contingent on bond rates exceeding threshold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2129" xlink:to="label2129" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimum" xlink:label="element2130" />
        <label xlink:type="resource" xlink:label="label2130" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimum_en-US">Public Utilities Approved Return On Equity Percentage Trigger Rate Minimum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2130" xlink:to="label2130" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimum" xlink:label="element2131" />
        <label xlink:type="resource" xlink:label="label2131" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimum_en-US">Minumum trigger rate percentage of public utility's approved return on equity to allow utility to request early rate increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2131" xlink:to="label2131" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimumBondRateThreshold" xlink:label="element2132" />
        <label xlink:type="resource" xlink:label="label2132" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimumBondRateThreshold_en-US">Public Utilities Approved Return On Equity Percentage Trigger Rate Minimum Bond Rate Threshold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2132" xlink:to="label2132" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimumBondRateThreshold" xlink:label="element2133" />
        <label xlink:type="resource" xlink:label="label2133" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMinimumBondRateThreshold_en-US">Minumum trigger rate percentage of public utility's approved return on equity to allow utility to request early rate increase contingent on bond rates exceeding threshold.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2133" xlink:to="label2133" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximum" xlink:label="element2134" />
        <label xlink:type="resource" xlink:label="label2134" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximum_en-US">Public Utilities Approved Return On Equity Percentage Trigger Rate Maximum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2134" xlink:to="label2134" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximum" xlink:label="element2135" />
        <label xlink:type="resource" xlink:label="label2135" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximum_en-US">Maximum trigger rate percentage of public utility's approved return on equity to allow any party to agreement to request review of rates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2135" xlink:to="label2135" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximumBondRateThreshold" xlink:label="element2136" />
        <label xlink:type="resource" xlink:label="label2136" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximumBondRateThreshold_en-US">Public Utilities Approved Return On Equity Percentage Trigger Rate Maximum Bond Rate Threshold</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2136" xlink:to="label2136" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximumBondRateThreshold" xlink:label="element2137" />
        <label xlink:type="resource" xlink:label="label2137" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedReturnOnEquityPercentageTriggerRateMaximumBondRateThreshold_en-US">Maximum trigger rate percentage of public utility's approved return on equity to allow any party to agreement to request review of rates contingent on bond rates exceeding threshold.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2137" xlink:to="label2137" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MidPointMember" xlink:label="element2138" />
        <label xlink:type="resource" xlink:label="label2138" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MidPointMember_en-US">Mid Point [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2138" xlink:to="label2138" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesAllowedRateBase" xlink:label="element2139" />
        <label xlink:type="resource" xlink:label="label2139" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesAllowedRateBase_en-US">Public Utilities Allowed Rate Base</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2139" xlink:to="label2139" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesAllowedRateBase" xlink:label="element2140" />
        <label xlink:type="resource" xlink:label="label2140" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesAllowedRateBase_en-US">Allowed rate basefor equity in capital structure for all investor sources of capital.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2140" xlink:to="label2140" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewMexicoPublicRegulatoryMember" xlink:label="element2141" />
        <label xlink:type="resource" xlink:label="label2141" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewMexicoPublicRegulatoryMember_en-US">New Mexico Public Regulatory [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2141" xlink:to="label2141" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewMexicoPublicRegulatoryMember" xlink:label="element2142" />
        <label xlink:type="resource" xlink:label="label2142" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NewMexicoPublicRegulatoryMember_en-US">New Mexico Public Regulatory.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2142" xlink:to="label2142" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedPreIncreaseCustomerAccessFee" xlink:label="element2143" />
        <label xlink:type="resource" xlink:label="label2143" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedPreIncreaseCustomerAccessFee_en-US">Public Utilities Approved Pre Increase Customer Access Fee</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2143" xlink:to="label2143" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedPreIncreaseCustomerAccessFee" xlink:label="element2144" />
        <label xlink:type="resource" xlink:label="label2144" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedPreIncreaseCustomerAccessFee_en-US">Amount of public utility's approved pre-increase customer access fee.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2144" xlink:to="label2144" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedPostIncreaseCustomerAccessFee" xlink:label="element2145" />
        <label xlink:type="resource" xlink:label="label2145" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesApprovedPostIncreaseCustomerAccessFee_en-US">Public Utilities Approved Post Increase Customer Access Fee</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2145" xlink:to="label2145" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesApprovedPostIncreaseCustomerAccessFee" xlink:label="element2146" />
        <label xlink:type="resource" xlink:label="label2146" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesApprovedPostIncreaseCustomerAccessFee_en-US">Amount of public utility's approved post-increase customer access fee.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2146" xlink:to="label2146" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesActOfNovaScotiaMember" xlink:label="element2147" />
        <label xlink:type="resource" xlink:label="label2147" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesActOfNovaScotiaMember_en-US">Public Utilities Act of Nova Scotia [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2147" xlink:to="label2147" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesActOfNovaScotiaMember" xlink:label="element2148" />
        <label xlink:type="resource" xlink:label="label2148" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesActOfNovaScotiaMember_en-US">Public Utilities Act of Nova Scotia.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2148" xlink:to="label2148" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ElectricityPlanActMember" xlink:label="element2149" />
        <label xlink:type="resource" xlink:label="label2149" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ElectricityPlanActMember_en-US">Electricity Plan Act [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2149" xlink:to="label2149" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ElectricityPlanActMember" xlink:label="element2150" />
        <label xlink:type="resource" xlink:label="label2150" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ElectricityPlanActMember_en-US">Electricity Plan Act.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2150" xlink:to="label2150" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GeneralRateApplicationGraMember" xlink:label="element2151" />
        <label xlink:type="resource" xlink:label="label2151" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GeneralRateApplicationGraMember_en-US">General Rate Application (GRA) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2151" xlink:to="label2151" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GeneralRateApplicationGraMember" xlink:label="element2152" />
        <label xlink:type="resource" xlink:label="label2152" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_GeneralRateApplicationGraMember_en-US">General Rate Application (GRA).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2152" xlink:to="label2152" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RateStabilizationPlanTwoZeroOneThreeMember" xlink:label="element2153" />
        <label xlink:type="resource" xlink:label="label2153" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RateStabilizationPlanTwoZeroOneThreeMember_en-US">Rate Stabilization Plan Two Zero One Three [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2153" xlink:to="label2153" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RateStabilizationPlanTwoZeroOneThreeMember" xlink:label="element2154" />
        <label xlink:type="resource" xlink:label="label2154" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RateStabilizationPlanTwoZeroOneThreeMember_en-US">Rate Stabilization Plan 2013.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2154" xlink:to="label2154" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RateStabilizationPlanTwoZeroOneThreeMember" xlink:label="element2155" />
        <label xlink:type="resource" xlink:label="label2155" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RateStabilizationPlanTwoZeroOneThreeMember_en-US">Rate Stabilization Plan 2013 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2155" xlink:to="label2155" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SouthCanoeAndSableWindProjectsTaxTreatmentMember" xlink:label="element2156" />
        <label xlink:type="resource" xlink:label="label2156" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SouthCanoeAndSableWindProjectsTaxTreatmentMember_en-US">South Canoe and Sable Wind Projects Tax Treatment [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2156" xlink:to="label2156" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SouthCanoeAndSableWindProjectsTaxTreatmentMember" xlink:label="element2157" />
        <label xlink:type="resource" xlink:label="label2157" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_SouthCanoeAndSableWindProjectsTaxTreatmentMember_en-US">South Canoe and Sable Wind Projects Tax Treatment.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2157" xlink:to="label2157" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RateStabilizationDeferralAccountMember" xlink:label="element2158" />
        <label xlink:type="resource" xlink:label="label2158" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RateStabilizationDeferralAccountMember_en-US">Rate Stabilization Deferral Account [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2158" xlink:to="label2158" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RateStabilizationDeferralAccountMember" xlink:label="element2159" />
        <label xlink:type="resource" xlink:label="label2159" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RateStabilizationDeferralAccountMember_en-US">Rate Stabilization Deferral Account.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2159" xlink:to="label2159" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismLiabilityDeferralAccountMember" xlink:label="element2160" />
        <label xlink:type="resource" xlink:label="label2160" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismLiabilityDeferralAccountMember_en-US">Fuel Adjustment Mechanism Liability Deferral Account [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2160" xlink:to="label2160" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismLiabilityDeferralAccountMember" xlink:label="element2161" />
        <label xlink:type="resource" xlink:label="label2161" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FuelAdjustmentMechanismLiabilityDeferralAccountMember_en-US">Fuel Adjustment Mechanism Liability Deferral Account.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2161" xlink:to="label2161" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismAssetMember" xlink:label="element2162" />
        <label xlink:type="resource" xlink:label="label2162" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismAssetMember_en-US">Fuel Adjustment Mechanism Asset [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2162" xlink:to="label2162" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismAssetMember" xlink:label="element2163" />
        <label xlink:type="resource" xlink:label="label2163" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FuelAdjustmentMechanismAssetMember_en-US">Fuel Adjustment Mechanism Asset.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2163" xlink:to="label2163" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementAmount" xlink:label="element2164" />
        <label xlink:type="resource" xlink:label="label2164" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesSettlementAmount_en-US">Public Utilities, Settlement Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2164" xlink:to="label2164" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementAmount" xlink:label="element2165" />
        <label xlink:type="resource" xlink:label="label2165" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesSettlementAmount_en-US">Amount of recovery and settlement amount for public utilities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2165" xlink:to="label2165" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesTransferToParent" xlink:label="element2166" />
        <label xlink:type="resource" xlink:label="label2166" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesTransferToParent_en-US">Public Utilities Transfer To Parent</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2166" xlink:to="label2166" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesTransferToParent" xlink:label="element2167" />
        <label xlink:type="resource" xlink:label="label2167" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesTransferToParent_en-US">Amount to be transfer to parent companby of the poayable rate stabilization deferral account.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2167" xlink:to="label2167" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementAmountMinimumContributionAmount" xlink:label="element2168" />
        <label xlink:type="resource" xlink:label="label2168" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesSettlementAmountMinimumContributionAmount_en-US">Public Utilities, Settlement Amount, Minimum Contribution Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2168" xlink:to="label2168" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementAmountMinimumContributionAmount" xlink:label="element2169" />
        <label xlink:type="resource" xlink:label="label2169" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesSettlementAmountMinimumContributionAmount_en-US">Amount of minimum contributions from third party based on the settlement amount for public utilities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2169" xlink:to="label2169" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementAmountActualContributionAmount" xlink:label="element2170" />
        <label xlink:type="resource" xlink:label="label2170" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesSettlementAmountActualContributionAmount_en-US">Public Utilities, Settlement Amount, Actual Contribution Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2170" xlink:to="label2170" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementAmountActualContributionAmount" xlink:label="element2171" />
        <label xlink:type="resource" xlink:label="label2171" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesSettlementAmountActualContributionAmount_en-US">Actual contribution amount from third party based on the settlement amount for public utilities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2171" xlink:to="label2171" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ExcessNonFuelRevenuesBenefitExpense" xlink:label="element2172" />
        <label xlink:type="resource" xlink:label="label2172" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ExcessNonFuelRevenuesBenefitExpense_en-US">Excess Non-Fuel Revenues Benefit (Expense)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2172" xlink:to="label2172" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ExcessNonFuelRevenuesBenefitExpense" xlink:label="element2173" />
        <label xlink:type="resource" xlink:label="label2173" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ExcessNonFuelRevenuesBenefitExpense_en-US">Benfit (expense) recognized in excess of non-fuel revenues.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2173" xlink:to="label2173" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BangorHydroDistrictMember" xlink:label="element2174" />
        <label xlink:type="resource" xlink:label="label2174" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BangorHydroDistrictMember_en-US">Bangor Hydro District [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2174" xlink:to="label2174" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MainePublicServiceDistrictMember" xlink:label="element2175" />
        <label xlink:type="resource" xlink:label="label2175" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MainePublicServiceDistrictMember_en-US">Maine Public Service District [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2175" xlink:to="label2175" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MainePublicUtilitiesCommissionMpucMember" xlink:label="element2176" />
        <label xlink:type="resource" xlink:label="label2176" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MainePublicUtilitiesCommissionMpucMember_en-US">Maine Public Utilities Commission (MPUC) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2176" xlink:to="label2176" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MainePublicUtilitiesCommissionMpucMember" xlink:label="element2177" />
        <label xlink:type="resource" xlink:label="label2177" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_MainePublicUtilitiesCommissionMpucMember_en-US">Maine Public Utilities Commission (MPUC)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2177" xlink:to="label2177" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FederalEnergyRegulatoryCommissionFercMember" xlink:label="element2178" />
        <label xlink:type="resource" xlink:label="label2178" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FederalEnergyRegulatoryCommissionFercMember_en-US">Federal Energy Regulatory Commission (FERC) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2178" xlink:to="label2178" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FederalEnergyRegulatoryCommissionFercMember" xlink:label="element2179" />
        <label xlink:type="resource" xlink:label="label2179" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FederalEnergyRegulatoryCommissionFercMember_en-US">Federal Energy Regulatory Commission (FERC)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2179" xlink:to="label2179" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IsoNewEnglandOpenAccessTransmissionTariffMember" xlink:label="element2180" />
        <label xlink:type="resource" xlink:label="label2180" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IsoNewEnglandOpenAccessTransmissionTariffMember_en-US">ISO-New England Open Access Transmission Tariff [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2180" xlink:to="label2180" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IsoNewEnglandOpenAccessTransmissionTariffMember" xlink:label="element2181" />
        <label xlink:type="resource" xlink:label="label2181" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IsoNewEnglandOpenAccessTransmissionTariffMember_en-US">ISO-New England Open Access Transmission Tariff</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2181" xlink:to="label2181" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IsoNewEnglandIsoNeMember" xlink:label="element2182" />
        <label xlink:type="resource" xlink:label="label2182" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IsoNewEnglandIsoNeMember_en-US">ISO-New England (ISO-NE) [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2182" xlink:to="label2182" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IsoNewEnglandIsoNeMember" xlink:label="element2183" />
        <label xlink:type="resource" xlink:label="label2183" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IsoNewEnglandIsoNeMember_en-US">ISO-New England (ISO-NE)</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2183" xlink:to="label2183" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RestructuringOfAboveMarketPowerPurchaseContractAndDeferralsMember" xlink:label="element2184" />
        <label xlink:type="resource" xlink:label="label2184" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RestructuringOfAboveMarketPowerPurchaseContractAndDeferralsMember_en-US">Restructuring Of Above-market Power Purchase Contract And Deferrals [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2184" xlink:to="label2184" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RestructuringOfAboveMarketPowerPurchaseContractAndDeferralsMember" xlink:label="element2185" />
        <label xlink:type="resource" xlink:label="label2185" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RestructuringOfAboveMarketPowerPurchaseContractAndDeferralsMember_en-US">Restructuring Of Above-market Power Purchase Contract And Deferrals.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2185" xlink:to="label2185" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRecoverableTransmissionInvestmentAndExpensesPercentage" xlink:label="element2186" />
        <label xlink:type="resource" xlink:label="label2186" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesRecoverableTransmissionInvestmentAndExpensesPercentage_en-US">Public Utilities, Recoverable Transmission Investment and Expenses, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2186" xlink:to="label2186" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRecoverableTransmissionInvestmentAndExpensesPercentage" xlink:label="element2187" />
        <label xlink:type="resource" xlink:label="label2187" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesRecoverableTransmissionInvestmentAndExpensesPercentage_en-US">Recoveable transmission investments and expenses that have been recovered expressed as a percent of total costs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2187" xlink:to="label2187" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRequestedRateIncreaseDecreaseRetailCustomersPercentage" xlink:label="element2188" />
        <label xlink:type="resource" xlink:label="label2188" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesRequestedRateIncreaseDecreaseRetailCustomersPercentage_en-US">Public Utilities, Requested Rate Increase (Decrease), Retail Customers, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2188" xlink:to="label2188" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRequestedRateIncreaseDecreaseRetailCustomersPercentage" xlink:label="element2189" />
        <label xlink:type="resource" xlink:label="label2189" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesRequestedRateIncreaseDecreaseRetailCustomersPercentage_en-US">Percentage of public utility's requested rate increase (decrease) with regulatory agency for retail customers.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2189" xlink:to="label2189" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRequestedRateIncreaseDecreaseWholesaleCustomersPercentage" xlink:label="element2190" />
        <label xlink:type="resource" xlink:label="label2190" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesRequestedRateIncreaseDecreaseWholesaleCustomersPercentage_en-US">Public Utilities, Requested Rate Increase (Decrease), Wholesale Customers, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2190" xlink:to="label2190" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRequestedRateIncreaseDecreaseWholesaleCustomersPercentage" xlink:label="element2191" />
        <label xlink:type="resource" xlink:label="label2191" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesRequestedRateIncreaseDecreaseWholesaleCustomersPercentage_en-US">Percentage of public utility's requested rate increase (decrease) with regulatory agency for wholesale customers.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2191" xlink:to="label2191" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetRegulatoryAssetsPercentage" xlink:label="element2192" />
        <label xlink:type="resource" xlink:label="label2192" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NetRegulatoryAssetsPercentage_en-US">Net Regulatory Assets, Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2192" xlink:to="label2192" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetRegulatoryAssetsPercentage" xlink:label="element2193" />
        <label xlink:type="resource" xlink:label="label2193" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NetRegulatoryAssetsPercentage_en-US">The net percentage of all regulatory assets less all regulatory liabilities as of the end of the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2193" xlink:to="label2193" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesStandardCostRateIncreaseDecreasePercentage" xlink:label="element2194" />
        <label xlink:type="resource" xlink:label="label2194" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesStandardCostRateIncreaseDecreasePercentage_en-US">Public Utilities, Standard Cost Rate Increase (Decrease), Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2194" xlink:to="label2194" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesStandardCostRateIncreaseDecreasePercentage" xlink:label="element2195" />
        <label xlink:type="resource" xlink:label="label2195" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesStandardCostRateIncreaseDecreasePercentage_en-US">Percentage increase (decrease) of public utility's standard cost rates</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2195" xlink:to="label2195" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefeasedDebtMember" xlink:label="element2196" />
        <label xlink:type="resource" xlink:label="label2196" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefeasedDebtMember_en-US">Defeased Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2196" xlink:to="label2196" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnamortizedDefeasanceCostsMember" xlink:label="element2197" />
        <label xlink:type="resource" xlink:label="label2197" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnamortizedDefeasanceCostsMember_en-US">Unamortized Defeasance Costs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2197" xlink:to="label2197" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtBasisAdjustmentMemberMember" xlink:label="element2198" />
        <label xlink:type="resource" xlink:label="label2198" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtBasisAdjustmentMemberMember_en-US">Debt Basis Adjustment [Member] [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2198" xlink:to="label2198" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredBondRefinancingCostsMember" xlink:label="element2199" />
        <label xlink:type="resource" xlink:label="label2199" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredBondRefinancingCostsMember_en-US">Deferred Bond Refinancing Costs [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2199" xlink:to="label2199" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CostRecoveryClausesMember" xlink:label="element2200" />
        <label xlink:type="resource" xlink:label="label2200" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CostRecoveryClausesMember_en-US">Cost Recovery Clauses [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2200" xlink:to="label2200" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CostRecoveryClausesLiabilityMember" xlink:label="element2201" />
        <label xlink:type="resource" xlink:label="label2201" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CostRecoveryClausesLiabilityMember_en-US">Cost Recovery Clauses Liability [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2201" xlink:to="label2201" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismLiabilityMember" xlink:label="element2202" />
        <label xlink:type="resource" xlink:label="label2202" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismLiabilityMember_en-US">Fuel Adjustment Mechanism Liability [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2202" xlink:to="label2202" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TransmissionAndDeliveryStormReserveMember" xlink:label="element2203" />
        <label xlink:type="resource" xlink:label="label2203" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TransmissionAndDeliveryStormReserveMember_en-US">Transmission And Delivery Storm Reserve [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2203" xlink:to="label2203" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SelfInsruanceFundMember" xlink:label="element2204" />
        <label xlink:type="resource" xlink:label="label2204" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SelfInsruanceFundMember_en-US">Self Insruance Fund [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2204" xlink:to="label2204" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BillReductionCreditMember" xlink:label="element2205" />
        <label xlink:type="resource" xlink:label="label2205" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BillReductionCreditMember_en-US">Bill Reduction Credit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2205" xlink:to="label2205" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAdjustmentMechanismRollForward" xlink:label="element2206" />
        <label xlink:type="resource" xlink:label="label2206" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAdjustmentMechanismRollForward_en-US">Fuel Adjustment Mechanism [Roll Forward]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2206" xlink:to="label2206" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InterestOnFuelAdjustmentMechanismBalance" xlink:label="element2207" />
        <label xlink:type="resource" xlink:label="label2207" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_InterestOnFuelAdjustmentMechanismBalance_en-US">Interest On Fuel Adjustment Mechanism Balance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2207" xlink:to="label2207" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InterestOnFuelAdjustmentMechanismBalance" xlink:label="element2208" />
        <label xlink:type="resource" xlink:label="label2208" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_InterestOnFuelAdjustmentMechanismBalance_en-US">Interest On Fuel Adjustment Mechanism.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2208" xlink:to="label2208" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRequestToRecoveryOfCosts" xlink:label="element2209" />
        <label xlink:type="resource" xlink:label="label2209" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesRequestToRecoveryOfCosts_en-US">Public Utilities, Request to Recovery Of Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2209" xlink:to="label2209" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRequestToRecoveryOfCosts" xlink:label="element2210" />
        <label xlink:type="resource" xlink:label="label2210" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesRequestToRecoveryOfCosts_en-US">Request to recover costs from energy outage.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2210" xlink:to="label2210" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementRecoveryOfCosts" xlink:label="element2211" />
        <label xlink:type="resource" xlink:label="label2211" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesSettlementRecoveryOfCosts_en-US">Public Utilities, Settlement, Recovery Of Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2211" xlink:to="label2211" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesSettlementRecoveryOfCosts" xlink:label="element2212" />
        <label xlink:type="resource" xlink:label="label2212" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesSettlementRecoveryOfCosts_en-US">Settlement upon request to recover costs from energy outage.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2212" xlink:to="label2212" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesCarryingCosts" xlink:label="element2213" />
        <label xlink:type="resource" xlink:label="label2213" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesCarryingCosts_en-US">Public Utilities, Carrying Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2213" xlink:to="label2213" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesCarryingCosts" xlink:label="element2214" />
        <label xlink:type="resource" xlink:label="label2214" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesCarryingCosts_en-US">Carrying costs associated to the recovered costs from the power outage.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2214" xlink:to="label2214" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsFundedStatusOfPlans" xlink:label="element2215" />
        <label xlink:type="resource" xlink:label="label2215" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsFundedStatusOfPlans_en-US">Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Funded Status of Plans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2215" xlink:to="label2215" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsFundedStatusOfPlans" xlink:label="element2216" />
        <label xlink:type="resource" xlink:label="label2216" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsFundedStatusOfPlans_en-US">If aggregate disclosures are presented, the aggregate funded status is measured as the difference between the fair value of plan assets and the benefit obligation. Will normally be the same as the net Defined Benefit Plan, Amounts Recognized in Balance Sheet, Total.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2216" xlink:to="label2216" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsFundedStatusOfPlans" xlink:label="element2217" />
        <label xlink:type="resource" xlink:label="label2217" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsFundedStatusOfPlans_en-US">Funded Status</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2217" xlink:to="label2217" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFundedStatusOfPlans" xlink:label="element2218" />
        <label xlink:type="resource" xlink:label="label2218" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFundedStatusOfPlans_en-US">Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets, Aggregate Funded Status of Plans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2218" xlink:to="label2218" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFundedStatusOfPlans" xlink:label="element2219" />
        <label xlink:type="resource" xlink:label="label2219" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFundedStatusOfPlans_en-US">If aggregate disclosures are presented, the aggregate funded status of plan assets for plans with benefit obligations in excess of plan assets which are measured as the difference between the fair value of plan assets and the benefit obligation.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2219" xlink:to="label2219" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFundedStatusOfPlans" xlink:label="element2220" />
        <label xlink:type="resource" xlink:label="label2220" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_DefinedBenefitPlanPlansWithBenefitObligationsInExcessOfPlanAssetsAggregateFundedStatusOfPlans_en-US">Funded Status</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2220" xlink:to="label2220" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsDefinedBenefitPlan" xlink:label="element2221" />
        <label xlink:type="resource" xlink:label="label2221" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxAssetsDefinedBenefitPlan_en-US">Deferred Tax Assets, Defined Benefit Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2221" xlink:to="label2221" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsDefinedBenefitPlan" xlink:label="element2222" />
        <label xlink:type="resource" xlink:label="label2222" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredTaxAssetsDefinedBenefitPlan_en-US">Amount before allocation of valuation allowances of deferred tax asset attributable to defined benfit plans.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2222" xlink:to="label2222" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsDefinedBenefitPlan" xlink:label="element2223" />
        <label xlink:type="resource" xlink:label="label2223" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_DeferredTaxAssetsDefinedBenefitPlan_en-US">Deferred Tax Assets, Defined Benefit Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2223" xlink:to="label2223" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanFairValueOfPlanAssetsExpectedReturnOnPlanAssets" xlink:label="element2224" />
        <label xlink:type="resource" xlink:label="label2224" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanFairValueOfPlanAssetsExpectedReturnOnPlanAssets_en-US">Defined Benefit Plan, Fair Value of Plan Assets, Expected return on Plan Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2224" xlink:to="label2224" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanFairValueOfPlanAssetsExpectedReturnOnPlanAssets" xlink:label="element2225" />
        <label xlink:type="resource" xlink:label="label2225" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanFairValueOfPlanAssetsExpectedReturnOnPlanAssets_en-US">Expected return on plan assets is determined based on the market-related value of plan assets adjusted for interest on certain cash flows during the year. The market-related value of assets is based on a five-year smoothed asset value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2225" xlink:to="label2225" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesCanadianMember" xlink:label="element2226" />
        <label xlink:type="resource" xlink:label="label2226" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquitySecuritiesCanadianMember_en-US">Equity Securities, Canadian [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2226" xlink:to="label2226" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesCanadianMember" xlink:label="element2227" />
        <label xlink:type="resource" xlink:label="label2227" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EquitySecuritiesCanadianMember_en-US">Equity Securities, Canadian.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2227" xlink:to="label2227" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesNonCanadianMember" xlink:label="element2228" />
        <label xlink:type="resource" xlink:label="label2228" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquitySecuritiesNonCanadianMember_en-US">Equity Securities, Non Canadian [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2228" xlink:to="label2228" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesNonCanadianMember" xlink:label="element2229" />
        <label xlink:type="resource" xlink:label="label2229" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EquitySecuritiesNonCanadianMember_en-US">Equity Securities, Non Canadian.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2229" xlink:to="label2229" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesUnitedStatesMember" xlink:label="element2230" />
        <label xlink:type="resource" xlink:label="label2230" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquitySecuritiesUnitedStatesMember_en-US">Equity Securities, United States [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2230" xlink:to="label2230" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesUnitedStatesMember" xlink:label="element2231" />
        <label xlink:type="resource" xlink:label="label2231" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EquitySecuritiesUnitedStatesMember_en-US">Equity Securities, United States.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2231" xlink:to="label2231" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesNonUnitedStatesMember" xlink:label="element2232" />
        <label xlink:type="resource" xlink:label="label2232" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquitySecuritiesNonUnitedStatesMember_en-US">Equity Securities, Non United States [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2232" xlink:to="label2232" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesNonUnitedStatesMember" xlink:label="element2233" />
        <label xlink:type="resource" xlink:label="label2233" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EquitySecuritiesNonUnitedStatesMember_en-US">Equity Securities, Non United States.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2233" xlink:to="label2233" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesOtherMember" xlink:label="element2234" />
        <label xlink:type="resource" xlink:label="label2234" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquitySecuritiesOtherMember_en-US">Equity Securities, Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2234" xlink:to="label2234" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquitySecuritiesOtherMember" xlink:label="element2235" />
        <label xlink:type="resource" xlink:label="label2235" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EquitySecuritiesOtherMember_en-US">Equity Securities, Other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2235" xlink:to="label2235" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherInvestmentsMeasuredAtNetAssetValueMember" xlink:label="element2236" />
        <label xlink:type="resource" xlink:label="label2236" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherInvestmentsMeasuredAtNetAssetValueMember_en-US">Other investments measured at Net Asset Value [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2236" xlink:to="label2236" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherInvestmentsMeasuredAtNetAssetValueMember" xlink:label="element2237" />
        <label xlink:type="resource" xlink:label="label2237" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OtherInvestmentsMeasuredAtNetAssetValueMember_en-US">Other investments measured at Net Asset Value.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2237" xlink:to="label2237" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanBenefitObligationHealthCareCostTrendRateAssumedForNextFiscalYear" xlink:label="element2238" />
        <label xlink:type="resource" xlink:label="label2238" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanBenefitObligationHealthCareCostTrendRateAssumedForNextFiscalYear_en-US">Defined Benefit Plan, Benefit Obligation, Health Care Cost Trend Rate Assumed for Next Fiscal Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2238" xlink:to="label2238" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanBenefitObligationHealthCareCostTrendRateAssumedForNextFiscalYear" xlink:label="element2239" />
        <label xlink:type="resource" xlink:label="label2239" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanBenefitObligationHealthCareCostTrendRateAssumedForNextFiscalYear_en-US">The assumed health care related to benefit obligation trend rate for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the composition of the plan population by age and dependency status.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2239" xlink:to="label2239" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate" xlink:label="element2240" />
        <label xlink:type="resource" xlink:label="label2240" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate_en-US">Defined Benefit Plan, Benefit Obligation, Ultimate Health Care Cost Trend Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2240" xlink:to="label2240" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate" xlink:label="element2241" />
        <label xlink:type="resource" xlink:label="label2241" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanBenefitObligationUltimateHealthCareCostTrendRate_en-US">The ultimate trend rate for health care costs related to benefit obligation.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2241" xlink:to="label2241" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanBenefitObligationYearThatRateReachesUltimateTrendRate" xlink:label="element2242" />
        <label xlink:type="resource" xlink:label="label2242" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanBenefitObligationYearThatRateReachesUltimateTrendRate_en-US">Defined Benefit Plan, Benefit Obligation, Year that Rate Reaches Ultimate Trend Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2242" xlink:to="label2242" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanBenefitObligationYearThatRateReachesUltimateTrendRate" xlink:label="element2243" />
        <label xlink:type="resource" xlink:label="label2243" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanBenefitObligationYearThatRateReachesUltimateTrendRate_en-US">Year the ultimate health care cost trend rate related to benefit obligation is expected to be reached, in CCYY format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2243" xlink:to="label2243" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanNetPeriodicBenefitCostHealthCareCostTrendRateAssumedForNextFiscalYear" xlink:label="element2244" />
        <label xlink:type="resource" xlink:label="label2244" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanNetPeriodicBenefitCostHealthCareCostTrendRateAssumedForNextFiscalYear_en-US">Defined Benefit Plan, Net Periodic Benefit Cost, Health Care Cost Trend Rate Assumed for Next Fiscal Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2244" xlink:to="label2244" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanNetPeriodicBenefitCostHealthCareCostTrendRateAssumedForNextFiscalYear" xlink:label="element2245" />
        <label xlink:type="resource" xlink:label="label2245" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanNetPeriodicBenefitCostHealthCareCostTrendRateAssumedForNextFiscalYear_en-US">The assumed health care cost trend rate related to net periodic benefits costs for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the composition of the plan population by age and dependency status.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2245" xlink:to="label2245" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate" xlink:label="element2246" />
        <label xlink:type="resource" xlink:label="label2246" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate_en-US">Defined Benefit Plan, Net Periodic Benefit Cost, Ultimate Health Care Cost Trend Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2246" xlink:to="label2246" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate" xlink:label="element2247" />
        <label xlink:type="resource" xlink:label="label2247" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanNetPeriodicBenefitCostUltimateHealthCareCostTrendRate_en-US">The ultimate trend rate for health care costs related to net periodic benefits costs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2247" xlink:to="label2247" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanNetPeriodicBenefitCostYearThatRateReachesUltimateTrendRate" xlink:label="element2248" />
        <label xlink:type="resource" xlink:label="label2248" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanNetPeriodicBenefitCostYearThatRateReachesUltimateTrendRate_en-US">Defined Benefit Plan, Net Periodic Benefit Cost, Year that Rate Reaches Ultimate Trend Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2248" xlink:to="label2248" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanNetPeriodicBenefitCostYearThatRateReachesUltimateTrendRate" xlink:label="element2249" />
        <label xlink:type="resource" xlink:label="label2249" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanNetPeriodicBenefitCostYearThatRateReachesUltimateTrendRate_en-US">Year the ultimate health care cost trend rate related to net periodic benefits costs is expected to be reached, in CCYY format.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2249" xlink:to="label2249" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateIncrease" xlink:label="element2250" />
        <label xlink:type="resource" xlink:label="label2250" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateIncrease_en-US">Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate Increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2250" xlink:to="label2250" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateIncrease" xlink:label="element2251" />
        <label xlink:type="resource" xlink:label="label2251" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateIncrease_en-US">The increase from a 25 basis points (0.25 percent) change on the discount rate.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2251" xlink:to="label2251" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateDecrease" xlink:label="element2252" />
        <label xlink:type="resource" xlink:label="label2252" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateDecrease_en-US">Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate Decrease</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2252" xlink:to="label2252" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateDecrease" xlink:label="element2253" />
        <label xlink:type="resource" xlink:label="label2253" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRateDecrease_en-US">The decrease from a 25 basis points (0.25 percent) change on the discount rate.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2253" xlink:to="label2253" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateIncrease" xlink:label="element2254" />
        <label xlink:type="resource" xlink:label="label2254" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateIncrease_en-US">Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Asset Rate Increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2254" xlink:to="label2254" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateIncrease" xlink:label="element2255" />
        <label xlink:type="resource" xlink:label="label2255" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateIncrease_en-US">The increase in plan assets based on a 25 basis points (0.25 percent) change.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2255" xlink:to="label2255" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateDecrease" xlink:label="element2256" />
        <label xlink:type="resource" xlink:label="label2256" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateDecrease_en-US">Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Asset Rate Decrease</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2256" xlink:to="label2256" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateDecrease" xlink:label="element2257" />
        <label xlink:type="resource" xlink:label="label2257" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationAssetRateDecrease_en-US">The decrease in plan assets based on a 25 basis points (0.25 percent) change.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2257" xlink:to="label2257" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceivedNetOfExecutoryCosts" xlink:label="element2258" />
        <label xlink:type="resource" xlink:label="label2258" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceivedNetOfExecutoryCosts_en-US">Capital Leases, Net Investment in Direct Financing Leases, Minimum Payments to be Received net of Executory Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2258" xlink:to="label2258" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceivedNetOfExecutoryCosts" xlink:label="element2259" />
        <label xlink:type="resource" xlink:label="label2259" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceivedNetOfExecutoryCosts_en-US">Amount of remaining payments as of the balance sheet date that lessees are obligated to make or can be required to make under direct financing leases, net of executory costs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2259" xlink:to="label2259" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceivedNetOfExecutoryCosts" xlink:label="element2260" />
        <label xlink:type="resource" xlink:label="label2260" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_CapitalLeasesNetInvestmentInDirectFinancingLeasesMinimumPaymentsToBeReceivedNetOfExecutoryCosts_en-US">Minimum lease payments receivable</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2260" xlink:to="label2260" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsFiscalYearMaturityAbstract" xlink:label="element2261" />
        <label xlink:type="resource" xlink:label="label2261" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsFiscalYearMaturityAbstract_en-US">Capital Leases, Future Minimum Payments, estimated executory costs, Fiscal Year Maturity [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2261" xlink:to="label2261" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsNextTwelveMonths" xlink:label="element2262" />
        <label xlink:type="resource" xlink:label="label2262" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsNextTwelveMonths_en-US">Capital Leases, Future Minimum Payments, estimated executory costs, Next Twelve Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2262" xlink:to="label2262" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsNextTwelveMonths" xlink:label="element2263" />
        <label xlink:type="resource" xlink:label="label2263" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsNextTwelveMonths_en-US">Amount of executory costs to be paid by the lessor for capital leases in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2263" xlink:to="label2263" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsNextTwelveMonths" xlink:label="element2264" />
        <label xlink:type="resource" xlink:label="label2264" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsNextTwelveMonths_en-US">Capital Leases, Future Minimum Payments, estimated executory costs, 2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2264" xlink:to="label2264" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumpaymentsEstimatedExecutoryCostsInTwoYears" xlink:label="element2265" />
        <label xlink:type="resource" xlink:label="label2265" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumpaymentsEstimatedExecutoryCostsInTwoYears_en-US">Capital Leases, Future MinimumPayments, estimated executory costs in Two Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2265" xlink:to="label2265" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumpaymentsEstimatedExecutoryCostsInTwoYears" xlink:label="element2266" />
        <label xlink:type="resource" xlink:label="label2266" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumpaymentsEstimatedExecutoryCostsInTwoYears_en-US">Amount of executory costs to be paid by the lessor for capital leases in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2266" xlink:to="label2266" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumpaymentsEstimatedExecutoryCostsInTwoYears" xlink:label="element2267" />
        <label xlink:type="resource" xlink:label="label2267" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_CapitalLeasesFutureMinimumpaymentsEstimatedExecutoryCostsInTwoYears_en-US">Capital Leases, Future MinimumPayments, estimated executory costs in 2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2267" xlink:to="label2267" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears" xlink:label="element2268" />
        <label xlink:type="resource" xlink:label="label2268" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears_en-US">Capital Leases, Future Minimum Payments, estimated executory costs in Three Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2268" xlink:to="label2268" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears" xlink:label="element2269" />
        <label xlink:type="resource" xlink:label="label2269" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears_en-US">Amount of executory costs to be paid by the lessor for capital leases in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2269" xlink:to="label2269" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears" xlink:label="element2270" />
        <label xlink:type="resource" xlink:label="label2270" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInThreeYears_en-US">Capital Leases, Future Minimum Payments, estimated executory costs in 2019</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2270" xlink:to="label2270" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears" xlink:label="element2271" />
        <label xlink:type="resource" xlink:label="label2271" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears_en-US">Capital Leases, Future Minimum Payments, estimated executory costs in Four Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2271" xlink:to="label2271" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears" xlink:label="element2272" />
        <label xlink:type="resource" xlink:label="label2272" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears_en-US">Amount of executory costs to be paid by the lessor for capital leases in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2272" xlink:to="label2272" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears" xlink:label="element2273" />
        <label xlink:type="resource" xlink:label="label2273" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFourYears_en-US">Capital Leases, Future Minimum Payments, estimated executory costs in 2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2273" xlink:to="label2273" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears" xlink:label="element2274" />
        <label xlink:type="resource" xlink:label="label2274" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears_en-US">Capital Leases, Future Minimum Payments, estimated executory costs in Five Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2274" xlink:to="label2274" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears" xlink:label="element2275" />
        <label xlink:type="resource" xlink:label="label2275" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears_en-US">Amount of executory costs to be paid by the lessor for capital leases in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2275" xlink:to="label2275" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears" xlink:label="element2276" />
        <label xlink:type="resource" xlink:label="label2276" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_CapitalLeasesFutureMinimumPaymentsEstimatedExecutoryCostsInFiveYears_en-US">Capital Leases, Future Minimum Payments, estimated executory costs in 2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2276" xlink:to="label2276" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsFiscalYearMaturityAbstract" xlink:label="element2277" />
        <label xlink:type="resource" xlink:label="label2277" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsFiscalYearMaturityAbstract_en-US">Capital Leases, Future Minimum Payments Receivable Net of Executory Costs, Fiscal Year Maturity [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2277" xlink:to="label2277" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsNextTwelveMonths" xlink:label="element2278" />
        <label xlink:type="resource" xlink:label="label2278" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsNextTwelveMonths_en-US">Capital Leases, Future Minimum Payments Receivable Net of Executory Costs, Next Twelve Months</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2278" xlink:to="label2278" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsNextTwelveMonths" xlink:label="element2279" />
        <label xlink:type="resource" xlink:label="label2279" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsNextTwelveMonths_en-US">Amount of minimum lease payments to be received net of executory costs by the lessor for capital leases in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2279" xlink:to="label2279" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsNextTwelveMonths" xlink:label="element2280" />
        <label xlink:type="resource" xlink:label="label2280" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsNextTwelveMonths_en-US">Capital Leases, Future Minimum Payments Receivable Net of Executory Costs, 2017</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2280" xlink:to="label2280" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInTwoYears" xlink:label="element2281" />
        <label xlink:type="resource" xlink:label="label2281" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInTwoYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in Two Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2281" xlink:to="label2281" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInTwoYears" xlink:label="element2282" />
        <label xlink:type="resource" xlink:label="label2282" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInTwoYears_en-US">Amount of minimum lease payments to be received net of executory costs by the lessor for capital leases in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2282" xlink:to="label2282" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInTwoYears" xlink:label="element2283" />
        <label xlink:type="resource" xlink:label="label2283" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInTwoYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in 2018</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2283" xlink:to="label2283" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears" xlink:label="element2284" />
        <label xlink:type="resource" xlink:label="label2284" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in Three Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2284" xlink:to="label2284" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears" xlink:label="element2285" />
        <label xlink:type="resource" xlink:label="label2285" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears_en-US">Amount of minimum lease payments to be received net of executory costs by the lessor for capital leases in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2285" xlink:to="label2285" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears" xlink:label="element2286" />
        <label xlink:type="resource" xlink:label="label2286" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInThreeYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in 2019</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2286" xlink:to="label2286" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears" xlink:label="element2287" />
        <label xlink:type="resource" xlink:label="label2287" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in Four Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2287" xlink:to="label2287" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears" xlink:label="element2288" />
        <label xlink:type="resource" xlink:label="label2288" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears_en-US">Amount of minimum lease payments to be received net of executory costs by the lessor for capital leases in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2288" xlink:to="label2288" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears" xlink:label="element2289" />
        <label xlink:type="resource" xlink:label="label2289" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFourYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in 2020</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2289" xlink:to="label2289" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFiveYears" xlink:label="element2290" />
        <label xlink:type="resource" xlink:label="label2290" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFiveYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in Five Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2290" xlink:to="label2290" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFiveYears" xlink:label="element2291" />
        <label xlink:type="resource" xlink:label="label2291" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFiveYears_en-US">Amount of minimum lease payments to be received net of executory costs by the lessor for capital leases in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2291" xlink:to="label2291" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFiveYears" xlink:label="element2292" />
        <label xlink:type="resource" xlink:label="label2292" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_CapitalLeasesFutureMinimumPaymentsReceivableNetOfExecutoryCostsInFiveYears_en-US">Capital Leases, Future Minimum Payments, Receivable Net of Executory Costs in 2021</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2292" xlink:to="label2292" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccruedInterestOnLongTermDebt" xlink:label="element2293" />
        <label xlink:type="resource" xlink:label="label2293" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccruedInterestOnLongTermDebt_en-US">Accrued interest on long-term debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2293" xlink:to="label2293" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccruedInterestOnLongTermDebt" xlink:label="element2294" />
        <label xlink:type="resource" xlink:label="label2294" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AccruedInterestOnLongTermDebt_en-US">Carrying value as of the balance sheet date of accrued interest related to long term debt which are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. These are due within one year or within the normal operating cycle if longer.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2294" xlink:to="label2294" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccruedInterestOnConvertibleDebenturesRepresentedByInstalmentReceipts" xlink:label="element2295" />
        <label xlink:type="resource" xlink:label="label2295" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccruedInterestOnConvertibleDebenturesRepresentedByInstalmentReceipts_en-US">Accrued interest on convertible debentures represented by instalment receipts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2295" xlink:to="label2295" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccruedInterestOnConvertibleDebenturesRepresentedByInstalmentReceipts" xlink:label="element2296" />
        <label xlink:type="resource" xlink:label="label2296" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AccruedInterestOnConvertibleDebenturesRepresentedByInstalmentReceipts_en-US">Carrying value as of the balance sheet date of Accrued interest on convertible debentures represented by instalment receipts which are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. These are due within one year or within the normal operating cycle if longer.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2296" xlink:to="label2296" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredEmissionCreditsCurrent" xlink:label="element2297" />
        <label xlink:type="resource" xlink:label="label2297" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredEmissionCreditsCurrent_en-US">Deferred Emission Credits, Current</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2297" xlink:to="label2297" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredEmissionCreditsCurrent" xlink:label="element2298" />
        <label xlink:type="resource" xlink:label="label2298" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredEmissionCreditsCurrent_en-US">Carrying amount as of the balance sheet date of emission credits, not otherwise specified in the taxonomy, which is expected to be taken into income during the current period and current obligations not separately disclosed in the balance sheet (other liabilities, current).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2298" xlink:to="label2298" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AssetRetirementObligationAccretionExpenseDeferredToRegulatoryAsset" xlink:label="element2299" />
        <label xlink:type="resource" xlink:label="label2299" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AssetRetirementObligationAccretionExpenseDeferredToRegulatoryAsset_en-US">Asset Retirement Obligation, Accretion Expense Deferred To Regulatory Asset</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2299" xlink:to="label2299" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AssetRetirementObligationAccretionExpenseDeferredToRegulatoryAsset" xlink:label="element2300" />
        <label xlink:type="resource" xlink:label="label2300" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AssetRetirementObligationAccretionExpenseDeferredToRegulatoryAsset_en-US">Amount of accretion expense which has been deferred regulatory asset during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2300" xlink:to="label2300" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TecoEnergyIncAndTecoFinanceIncMember" xlink:label="element2301" />
        <label xlink:type="resource" xlink:label="label2301" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TecoEnergyIncAndTecoFinanceIncMember_en-US">TECO Energy Inc. and TECO Finance Inc. [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2301" xlink:to="label2301" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TecoEnergyIncAndTecoFinanceIncMember" xlink:label="element2302" />
        <label xlink:type="resource" xlink:label="label2302" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_TecoEnergyIncAndTecoFinanceIncMember_en-US">TECO Energy Inc. and TECO Finance Inc.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2302" xlink:to="label2302" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UseOfAvailableFacilities" xlink:label="element2303" />
        <label xlink:type="resource" xlink:label="label2303" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UseOfAvailableFacilities_en-US">Use Of Available Facilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2303" xlink:to="label2303" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UseOfAvailableFacilities" xlink:label="element2304" />
        <label xlink:type="resource" xlink:label="label2304" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_UseOfAvailableFacilities_en-US">Amount of borrowed funds under the facility.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2304" xlink:to="label2304" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UseOfAvailableFacilities" xlink:label="element2305" />
        <label xlink:type="resource" xlink:label="label2305" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_UseOfAvailableFacilities_en-US">Total advances under available facilities</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2305" xlink:to="label2305" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LineOfCreditFacilityAdditionalAmountAvailableFromRequest" xlink:label="element2306" />
        <label xlink:type="resource" xlink:label="label2306" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LineOfCreditFacilityAdditionalAmountAvailableFromRequest_en-US">Line of Credit Facility, Additional Amount Available From Request</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2306" xlink:to="label2306" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LineOfCreditFacilityAdditionalAmountAvailableFromRequest" xlink:label="element2307" />
        <label xlink:type="resource" xlink:label="label2307" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_LineOfCreditFacilityAdditionalAmountAvailableFromRequest_en-US">Additional amount available upon request on line of credit facility.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2307" xlink:to="label2307" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_JpmorganChaseMember" xlink:label="element2308" />
        <label xlink:type="resource" xlink:label="label2308" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_JpmorganChaseMember_en-US">JPMorgan Chase [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2308" xlink:to="label2308" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CitibankMember" xlink:label="element2309" />
        <label xlink:type="resource" xlink:label="label2309" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CitibankMember_en-US">Citibank [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2309" xlink:to="label2309" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NewMexicoGasIncorporateMember" xlink:label="element2310" />
        <label xlink:type="resource" xlink:label="label2310" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NewMexicoGasIncorporateMember_en-US">New Mexico Gas Incorporate [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2310" xlink:to="label2310" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember" xlink:label="element2311" />
        <label xlink:type="resource" xlink:label="label2311" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TheBarbadosLightPowerCompanyLimitedAndEmeraCaribbeanIncorporatedMember_en-US">The Barbados Light &amp; Power Company Limited And Emera Caribbean Incorporated [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2311" xlink:to="label2311" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LongTermDebtAdjustments" xlink:label="element2312" />
        <label xlink:type="resource" xlink:label="label2312" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LongTermDebtAdjustments_en-US">Long Term Debt, Adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2312" xlink:to="label2312" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LongTermDebtAdjustments" xlink:label="element2313" />
        <label xlink:type="resource" xlink:label="label2313" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_LongTermDebtAdjustments_en-US">Adjustments made to long term debt.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2313" xlink:to="label2313" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LongTermDebtAdjustments" xlink:label="element2314" />
        <label xlink:type="resource" xlink:label="label2314" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_LongTermDebtAdjustments_en-US">Long Term Debt, Adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2314" xlink:to="label2314" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LongTermDebtAdjustments" xlink:label="element2315" />
        <label xlink:type="resource" xlink:label="label2315" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xml:lang="en-US" id="NegatedTotal_ema_LongTermDebtAdjustments_en-US">Long Term Debt, Adjustments</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2315" xlink:to="label2315" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BankersAcceptancesLiborLoansMember" xlink:label="element2316" />
        <label xlink:type="resource" xlink:label="label2316" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BankersAcceptancesLiborLoansMember_en-US">Bankers Acceptances, LIBOR Loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2316" xlink:to="label2316" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AcquisitionCreditFacilitiesMember" xlink:label="element2317" />
        <label xlink:type="resource" xlink:label="label2317" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AcquisitionCreditFacilitiesMember_en-US">Acquisition Credit Facilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2317" xlink:to="label2317" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesGMember" xlink:label="element2318" />
        <label xlink:type="resource" xlink:label="label2318" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesGMember_en-US">Series G [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2318" xlink:to="label2318" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PromissoryNoteMember" xlink:label="element2319" />
        <label xlink:type="resource" xlink:label="label2319" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PromissoryNoteMember_en-US">Promissory Note [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2319" xlink:to="label2319" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesHMember" xlink:label="element2320" />
        <label xlink:type="resource" xlink:label="label2320" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesHMember_en-US">Series H [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2320" xlink:to="label2320" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourPercentMember" xlink:label="element2321" />
        <label xlink:type="resource" xlink:label="label2321" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFourPercentMember_en-US">Unsecured Notes, Four Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2321" xlink:to="label2321" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourPercentMember" xlink:label="element2322" />
        <label xlink:type="resource" xlink:label="label2322" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesFourPercentMember_en-US">Unsecured Notes, 4.00% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2322" xlink:to="label2322" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesSixFiveSevenPercentMember" xlink:label="element2323" />
        <label xlink:type="resource" xlink:label="label2323" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesSixFiveSevenPercentMember_en-US">Unsecured Notes, Six Five Seven Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2323" xlink:to="label2323" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesSixFiveSevenPercentMember" xlink:label="element2324" />
        <label xlink:type="resource" xlink:label="label2324" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesSixFiveSevenPercentMember_en-US">Unsecured Notes, 6.57% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2324" xlink:to="label2324" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFloatingRateMember" xlink:label="element2325" />
        <label xlink:type="resource" xlink:label="label2325" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFloatingRateMember_en-US">Unsecured Notes, Floating Rate [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2325" xlink:to="label2325" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFiveOneFivePercentMember" xlink:label="element2326" />
        <label xlink:type="resource" xlink:label="label2326" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFiveOneFivePercentMember_en-US">Unsecured Notes, Five One Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2326" xlink:to="label2326" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFiveOneFivePercentMember" xlink:label="element2327" />
        <label xlink:type="resource" xlink:label="label2327" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesFiveOneFivePercentMember_en-US">Unsecured Notes, 5.15% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2327" xlink:to="label2327" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsMember" xlink:label="element2328" />
        <label xlink:type="resource" xlink:label="label2328" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsMember_en-US">Refunding Bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2328" xlink:to="label2328" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixTwoFivePercentMember" xlink:label="element2329" />
        <label xlink:type="resource" xlink:label="label2329" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesSixTwoFivePercentMember_en-US">Refunding Bonds Unsecured Notes, Six two Five percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2329" xlink:to="label2329" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixTwoFivePercentMember" xlink:label="element2330" />
        <label xlink:type="resource" xlink:label="label2330" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesSixTwoFivePercentMember_en-US">Refunding Bonds Unsecured Notes, 6.25% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2330" xlink:to="label2330" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixOneZeroPercentMember" xlink:label="element2331" />
        <label xlink:type="resource" xlink:label="label2331" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesSixOneZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, Six One Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2331" xlink:to="label2331" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixOneZeroPercentMember" xlink:label="element2332" />
        <label xlink:type="resource" xlink:label="label2332" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesSixOneZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, 6.10% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2332" xlink:to="label2332" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFiveFourZeroPercentMember" xlink:label="element2333" />
        <label xlink:type="resource" xlink:label="label2333" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesFiveFourZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, Five Four Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2333" xlink:to="label2333" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFiveFourZeroPercentMember" xlink:label="element2334" />
        <label xlink:type="resource" xlink:label="label2334" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesFiveFourZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, 5.40% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2334" xlink:to="label2334" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesTwoSixZeroPercentMember" xlink:label="element2335" />
        <label xlink:type="resource" xlink:label="label2335" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesTwoSixZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, Two Six Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2335" xlink:to="label2335" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesTwoSixZeroPercentMember" xlink:label="element2336" />
        <label xlink:type="resource" xlink:label="label2336" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesTwoSixZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, 2.60% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2336" xlink:to="label2336" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixFiveFivePercentMember" xlink:label="element2337" />
        <label xlink:type="resource" xlink:label="label2337" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesSixFiveFivePercentMember_en-US">Refunding Bonds Unsecured Notes, Six Five Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2337" xlink:to="label2337" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixFiveFivePercentMember" xlink:label="element2338" />
        <label xlink:type="resource" xlink:label="label2338" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesSixFiveFivePercentMember_en-US">Refunding Bonds Unsecured Notes, 6.55% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2338" xlink:to="label2338" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixOneFivePercentMember" xlink:label="element2339" />
        <label xlink:type="resource" xlink:label="label2339" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesSixOneFivePercentMember_en-US">Refunding Bonds Unsecured Notes, Six One Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2339" xlink:to="label2339" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesSixOneFivePercentMember" xlink:label="element2340" />
        <label xlink:type="resource" xlink:label="label2340" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesSixOneFivePercentMember_en-US">Refunding Bonds Unsecured Notes, 6.15% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2340" xlink:to="label2340" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFourOneZeroPercentMember" xlink:label="element2341" />
        <label xlink:type="resource" xlink:label="label2341" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesFourOneZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, Four One Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2341" xlink:to="label2341" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFourOneZeroPercentMember" xlink:label="element2342" />
        <label xlink:type="resource" xlink:label="label2342" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesFourOneZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, 4.10% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2342" xlink:to="label2342" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFourThreeFivePercentMember" xlink:label="element2343" />
        <label xlink:type="resource" xlink:label="label2343" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesFourThreeFivePercentMember_en-US">Refunding Bonds Unsecured Notes, Four Three Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2343" xlink:to="label2343" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFourThreeFivePercentMember" xlink:label="element2344" />
        <label xlink:type="resource" xlink:label="label2344" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesFourThreeFivePercentMember_en-US">Refunding Bonds Unsecured Notes, 4.35% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2344" xlink:to="label2344" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFourTwoZeroPercentMember" xlink:label="element2345" />
        <label xlink:type="resource" xlink:label="label2345" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RefundingBondsUnsecuredNotesFourTwoZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, Four Two Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2345" xlink:to="label2345" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RefundingBondsUnsecuredNotesFourTwoZeroPercentMember" xlink:label="element2346" />
        <label xlink:type="resource" xlink:label="label2346" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RefundingBondsUnsecuredNotesFourTwoZeroPercentMember_en-US">Refunding Bonds Unsecured Notes, 4.20% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2346" xlink:to="label2346" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesSixOneZeroPercentMember" xlink:label="element2347" />
        <label xlink:type="resource" xlink:label="label2347" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesSixOneZeroPercentMember_en-US">Unsecured Notes, Six One Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2347" xlink:to="label2347" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesSixOneZeroPercentMember" xlink:label="element2348" />
        <label xlink:type="resource" xlink:label="label2348" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesSixOneZeroPercentMember_en-US">Unsecured Notes, 6.10% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2348" xlink:to="label2348" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFiveFourZeroPercentMember" xlink:label="element2349" />
        <label xlink:type="resource" xlink:label="label2349" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFiveFourZeroPercentMember_en-US">Unsecured Notes, Five Four Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2349" xlink:to="label2349" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFiveFourZeroPercentMember" xlink:label="element2350" />
        <label xlink:type="resource" xlink:label="label2350" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesFiveFourZeroPercentMember_en-US">Unsecured Notes, 5.40% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2350" xlink:to="label2350" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesTwoSixZeroPercentMember" xlink:label="element2351" />
        <label xlink:type="resource" xlink:label="label2351" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesTwoSixZeroPercentMember_en-US">Unsecured Notes, Two Six Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2351" xlink:to="label2351" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesTwoSixZeroPercentMember" xlink:label="element2352" />
        <label xlink:type="resource" xlink:label="label2352" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesTwoSixZeroPercentMember_en-US">Unsecured Notes, 2.60% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2352" xlink:to="label2352" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesSixOneFivePercentMember" xlink:label="element2353" />
        <label xlink:type="resource" xlink:label="label2353" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesSixOneFivePercentMember_en-US">Unsecured Notes, Six One Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2353" xlink:to="label2353" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesSixOneFivePercentMember" xlink:label="element2354" />
        <label xlink:type="resource" xlink:label="label2354" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesSixOneFivePercentMember_en-US">Unsecured Notes, 6.15% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2354" xlink:to="label2354" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourOneZeroPercentMember" xlink:label="element2355" />
        <label xlink:type="resource" xlink:label="label2355" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFourOneZeroPercentMember_en-US">Unsecured Notes, Four One Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2355" xlink:to="label2355" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourOneZeroPercentMember" xlink:label="element2356" />
        <label xlink:type="resource" xlink:label="label2356" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesFourOneZeroPercentMember_en-US">Unsecured Notes, 4.10% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2356" xlink:to="label2356" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourThreeFivePercentMember" xlink:label="element2357" />
        <label xlink:type="resource" xlink:label="label2357" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFourThreeFivePercentMember_en-US">Unsecured Notes, Four Three Five Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2357" xlink:to="label2357" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourThreeFivePercentMember" xlink:label="element2358" />
        <label xlink:type="resource" xlink:label="label2358" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesFourThreeFivePercentMember_en-US">Unsecured Notes, 4.35% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2358" xlink:to="label2358" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourTwoZeroPercentMember" xlink:label="element2359" />
        <label xlink:type="resource" xlink:label="label2359" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesFourTwoZeroPercentMember_en-US">Unsecured Notes, Four Two Zero Percent [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2359" xlink:to="label2359" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesFourTwoZeroPercentMember" xlink:label="element2360" />
        <label xlink:type="resource" xlink:label="label2360" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnsecuredNotesFourTwoZeroPercentMember_en-US">Unsecured Notes, 4.20% [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2360" xlink:to="label2360" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesIMember" xlink:label="element2361" />
        <label xlink:type="resource" xlink:label="label2361" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesIMember_en-US">Unsecured Notes I [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2361" xlink:to="label2361" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredNotesIiMember" xlink:label="element2362" />
        <label xlink:type="resource" xlink:label="label2362" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredNotesIiMember_en-US">Unsecured Notes II [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2362" xlink:to="label2362" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesFMember" xlink:label="element2363" />
        <label xlink:type="resource" xlink:label="label2363" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesFMember_en-US">Series F [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2363" xlink:to="label2363" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesIMember" xlink:label="element2364" />
        <label xlink:type="resource" xlink:label="label2364" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesIMember_en-US">Series I [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2364" xlink:to="label2364" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesLMember" xlink:label="element2365" />
        <label xlink:type="resource" xlink:label="label2365" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesLMember_en-US">Series L [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2365" xlink:to="label2365" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesMMember" xlink:label="element2366" />
        <label xlink:type="resource" xlink:label="label2366" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesMMember_en-US">Series M [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2366" xlink:to="label2366" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesNMember" xlink:label="element2367" />
        <label xlink:type="resource" xlink:label="label2367" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesNMember_en-US">Series N [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2367" xlink:to="label2367" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesPMember" xlink:label="element2368" />
        <label xlink:type="resource" xlink:label="label2368" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesPMember_en-US">Series P [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2368" xlink:to="label2368" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesRMember" xlink:label="element2369" />
        <label xlink:type="resource" xlink:label="label2369" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesRMember_en-US">Series R [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2369" xlink:to="label2369" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesSMember" xlink:label="element2370" />
        <label xlink:type="resource" xlink:label="label2370" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesSMember_en-US">Series S [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2370" xlink:to="label2370" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesVMember" xlink:label="element2371" />
        <label xlink:type="resource" xlink:label="label2371" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesVMember_en-US">Series V [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2371" xlink:to="label2371" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesWMember" xlink:label="element2372" />
        <label xlink:type="resource" xlink:label="label2372" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesWMember_en-US">Series W [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2372" xlink:to="label2372" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesXMember" xlink:label="element2373" />
        <label xlink:type="resource" xlink:label="label2373" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesXMember_en-US">Series X [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2373" xlink:to="label2373" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesYMember" xlink:label="element2374" />
        <label xlink:type="resource" xlink:label="label2374" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesYMember_en-US">Series Y [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2374" xlink:to="label2374" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesZMember" xlink:label="element2375" />
        <label xlink:type="resource" xlink:label="label2375" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesZMember_en-US">Series Z [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2375" xlink:to="label2375" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeriesAaMember" xlink:label="element2376" />
        <label xlink:type="resource" xlink:label="label2376" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeriesAaMember_en-US">Series AA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2376" xlink:to="label2376" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebenturesSeries3Member" xlink:label="element2377" />
        <label xlink:type="resource" xlink:label="label2377" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebenturesSeries3Member_en-US">Debentures, Series 3 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2377" xlink:to="label2377" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LiborLoansAndDemandLoansMember" xlink:label="element2378" />
        <label xlink:type="resource" xlink:label="label2378" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LiborLoansAndDemandLoansMember_en-US">LIBOR loans and demand loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2378" xlink:to="label2378" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GeneralRefundingMortgageBondsIMember" xlink:label="element2379" />
        <label xlink:type="resource" xlink:label="label2379" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GeneralRefundingMortgageBondsIMember_en-US">General &amp; Refunding Mortgage Bonds I [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2379" xlink:to="label2379" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GeneralRefundingMortgageBondsIiMember" xlink:label="element2380" />
        <label xlink:type="resource" xlink:label="label2380" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GeneralRefundingMortgageBondsIiMember_en-US">General &amp; Refunding Mortgage Bonds II [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2380" xlink:to="label2380" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorUnsecuredNoteIMember" xlink:label="element2381" />
        <label xlink:type="resource" xlink:label="label2381" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorUnsecuredNoteIMember_en-US">Senior Unsecured Note I [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2381" xlink:to="label2381" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorUnsecuredNoteIiMember" xlink:label="element2382" />
        <label xlink:type="resource" xlink:label="label2382" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorUnsecuredNoteIiMember_en-US">Senior Unsecured Note II [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2382" xlink:to="label2382" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorUnsecuredNoteIiiMember" xlink:label="element2383" />
        <label xlink:type="resource" xlink:label="label2383" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorUnsecuredNoteIiiMember_en-US">Senior Unsecured Note III [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2383" xlink:to="label2383" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorUnsecuredNoteIvMember" xlink:label="element2384" />
        <label xlink:type="resource" xlink:label="label2384" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorUnsecuredNoteIvMember_en-US">Senior Unsecured Note IV [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2384" xlink:to="label2384" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesIMember" xlink:label="element2385" />
        <label xlink:type="resource" xlink:label="label2385" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesIMember_en-US">Senior Secured Notes I [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2385" xlink:to="label2385" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesIiMember" xlink:label="element2386" />
        <label xlink:type="resource" xlink:label="label2386" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesIiMember_en-US">Senior Secured Notes II [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2386" xlink:to="label2386" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesIiiMember" xlink:label="element2387" />
        <label xlink:type="resource" xlink:label="label2387" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesIiiMember_en-US">Senior Secured Notes III [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2387" xlink:to="label2387" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesIvMember" xlink:label="element2388" />
        <label xlink:type="resource" xlink:label="label2388" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesIvMember_en-US">Senior Secured Notes IV [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2388" xlink:to="label2388" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesVMember" xlink:label="element2389" />
        <label xlink:type="resource" xlink:label="label2389" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesVMember_en-US">Senior Secured Notes V [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2389" xlink:to="label2389" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesViMember" xlink:label="element2390" />
        <label xlink:type="resource" xlink:label="label2390" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesViMember_en-US">Senior Secured Notes VI [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2390" xlink:to="label2390" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesViiMember" xlink:label="element2391" />
        <label xlink:type="resource" xlink:label="label2391" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesViiMember_en-US">Senior Secured Notes VII [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2391" xlink:to="label2391" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherDebtMember" xlink:label="element2392" />
        <label xlink:type="resource" xlink:label="label2392" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OtherDebtMember_en-US">Other Debt [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2392" xlink:to="label2392" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesViiiMember" xlink:label="element2393" />
        <label xlink:type="resource" xlink:label="label2393" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesViiiMember_en-US">Senior Secured Notes VIII [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2393" xlink:to="label2393" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredNotesIThroughIiiMember" xlink:label="element2394" />
        <label xlink:type="resource" xlink:label="label2394" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredNotesIThroughIiiMember_en-US">Senior Secured Notes I through III [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2394" xlink:to="label2394" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CreditFacilityAdvances" xlink:label="element2395" />
        <label xlink:type="resource" xlink:label="label2395" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CreditFacilityAdvances_en-US">Credit Facility Advances</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2395" xlink:to="label2395" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CreditFacilityAdvances" xlink:label="element2396" />
        <label xlink:type="resource" xlink:label="label2396" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CreditFacilityAdvances_en-US">Advances against the line of credit facility which can be made by way of overdraft.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2396" xlink:to="label2396" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AcquisitionCreditFacilities1Member" xlink:label="element2397" />
        <label xlink:type="resource" xlink:label="label2397" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AcquisitionCreditFacilities1Member_en-US">Acquisition Credit Facilities 1 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2397" xlink:to="label2397" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AcquisitionCreditFacilities1Member" xlink:label="element2398" />
        <label xlink:type="resource" xlink:label="label2398" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AcquisitionCreditFacilities1Member_en-US">Credit faciities that were assumed by the parent from an acquisition of other entities.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2398" xlink:to="label2398" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EbpMember" xlink:label="element2399" />
        <label xlink:type="resource" xlink:label="label2399" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EbpMember_en-US">EBP [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2399" xlink:to="label2399" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SyndicatedCreditFacilitiesMember" xlink:label="element2400" />
        <label xlink:type="resource" xlink:label="label2400" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SyndicatedCreditFacilitiesMember_en-US">Syndicated Credit Facilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2400" xlink:to="label2400" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentCovenantRequirement" xlink:label="element2401" />
        <label xlink:type="resource" xlink:label="label2401" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentCovenantRequirement_en-US">Debt Instrument Covenant Requirement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2401" xlink:to="label2401" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentCovenantRequirement" xlink:label="element2402" />
        <label xlink:type="resource" xlink:label="label2402" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentCovenantRequirement_en-US">Coveneant requirement for debt instrument.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2402" xlink:to="label2402" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NspiSeriesAaMember" xlink:label="element2403" />
        <label xlink:type="resource" xlink:label="label2403" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NspiSeriesAaMember_en-US">NSPI Series AA [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2403" xlink:to="label2403" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NspiSeriesIMember" xlink:label="element2404" />
        <label xlink:type="resource" xlink:label="label2404" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NspiSeriesIMember_en-US">NSPI Series I [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2404" xlink:to="label2404" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UsNotesMember" xlink:label="element2405" />
        <label xlink:type="resource" xlink:label="label2405" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UsNotesMember_en-US">U.S. Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2405" xlink:to="label2405" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UsNotesDue2019Member" xlink:label="element2406" />
        <label xlink:type="resource" xlink:label="label2406" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UsNotesDue2019Member_en-US">U.S. Notes, Due 2019 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2406" xlink:to="label2406" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UsNotesDue2021Member" xlink:label="element2407" />
        <label xlink:type="resource" xlink:label="label2407" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UsNotesDue2021Member_en-US">U.S. Notes, Due 2021 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2407" xlink:to="label2407" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UsNotesDue2026Member" xlink:label="element2408" />
        <label xlink:type="resource" xlink:label="label2408" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UsNotesDue2026Member_en-US">U.S. Notes, Due 2026 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2408" xlink:to="label2408" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UsNotesDue2046Member" xlink:label="element2409" />
        <label xlink:type="resource" xlink:label="label2409" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UsNotesDue2046Member_en-US">U.S. Notes, Due 2046 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2409" xlink:to="label2409" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HybridNotesMember" xlink:label="element2410" />
        <label xlink:type="resource" xlink:label="label2410" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HybridNotesMember_en-US">Hybrid Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2410" xlink:to="label2410" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HybridNotes2026Through2046Member" xlink:label="element2411" />
        <label xlink:type="resource" xlink:label="label2411" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HybridNotes2026Through2046Member_en-US">Hybrid Notes, 2026 through 2046 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2411" xlink:to="label2411" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HybridNotes2046Through2076Member" xlink:label="element2412" />
        <label xlink:type="resource" xlink:label="label2412" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HybridNotes2046Through2076Member_en-US">Hybrid Notes, 2046 through 2076 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2412" xlink:to="label2412" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CanadianNotesMember" xlink:label="element2413" />
        <label xlink:type="resource" xlink:label="label2413" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CanadianNotesMember_en-US">Canadian Notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2413" xlink:to="label2413" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HybridCanadianNoteMember" xlink:label="element2414" />
        <label xlink:type="resource" xlink:label="label2414" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HybridCanadianNoteMember_en-US">Hybrid-Canadian Note [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2414" xlink:to="label2414" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfConsecutiveYearsOptionForDeferment" xlink:label="element2415" />
        <label xlink:type="resource" xlink:label="label2415" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NumberOfConsecutiveYearsOptionForDeferment_en-US">Number Of Consecutive Years Option For Deferment</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2415" xlink:to="label2415" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfConsecutiveYearsOptionForDeferment" xlink:label="element2416" />
        <label xlink:type="resource" xlink:label="label2416" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NumberOfConsecutiveYearsOptionForDeferment_en-US">Number Of Consecutive Years Option For Deferment presented as PnYnMnD.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2416" xlink:to="label2416" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividend" xlink:label="element2417" />
        <label xlink:type="resource" xlink:label="label2417" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividend_en-US">Preferred Stock Per Cent Per Annum Fixed Cumulative Preferential Dividend</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2417" xlink:to="label2417" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividend" xlink:label="element2418" />
        <label xlink:type="resource" xlink:label="label2418" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividend_en-US">Preferred Stock Per Cent Per Annum Fixed Cumulative Preferential Dividend</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2418" xlink:to="label2418" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendNextThreeYears" xlink:label="element2419" />
        <label xlink:type="resource" xlink:label="label2419" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendNextThreeYears_en-US">Preferred Stock Per Cent Per Annum Fixed Cumulative Preferential Dividend, Next Three Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2419" xlink:to="label2419" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendNextThreeYears" xlink:label="element2420" />
        <label xlink:type="resource" xlink:label="label2420" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendNextThreeYears_en-US">Preferred Stock Per Cent Per Annum Fixed Cumulative Preferential Dividend, Next Three Years</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2420" xlink:to="label2420" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendFourFiscalYearsThereafter" xlink:label="element2421" />
        <label xlink:type="resource" xlink:label="label2421" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendFourFiscalYearsThereafter_en-US">Preferred Stock Per Cent Per Annum Fixed Cumulative Preferential Dividend, Four Fiscal Years Thereafter</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2421" xlink:to="label2421" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendFourFiscalYearsThereafter" xlink:label="element2422" />
        <label xlink:type="resource" xlink:label="label2422" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PreferredStockPerCentPerAnnumFixedCumulativePreferentialDividendFourFiscalYearsThereafter_en-US">Preferred Stock Per Cent Per Annum Fixed Cumulative Preferential Dividend, Four Fiscal Years Thereafter</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2422" xlink:to="label2422" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IndirectWhollyOwnedSubsidiarySharesAcquired" xlink:label="element2423" />
        <label xlink:type="resource" xlink:label="label2423" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IndirectWhollyOwnedSubsidiarySharesAcquired_en-US">Indirect Wholly-owned Subsidiary, Shares Acquired</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2423" xlink:to="label2423" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IndirectWhollyOwnedSubsidiarySharesAcquired" xlink:label="element2424" />
        <label xlink:type="resource" xlink:label="label2424" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IndirectWhollyOwnedSubsidiarySharesAcquired_en-US">The indirect wholly-owned subsidiary shares acquired.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2424" xlink:to="label2424" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RenewableEnergyServicesLimitedMember" xlink:label="element2425" />
        <label xlink:type="resource" xlink:label="label2425" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RenewableEnergyServicesLimitedMember_en-US">Renewable Energy Services Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2425" xlink:to="label2425" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AvailableForSaleInvestmentAndRestrictedCashMember" xlink:label="element2426" />
        <label xlink:type="resource" xlink:label="label2426" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AvailableForSaleInvestmentAndRestrictedCashMember_en-US">Available-for-sale Investment and Restricted Cash [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2426" xlink:to="label2426" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_VariableInterestEntityGuaranteeAmount" xlink:label="element2427" />
        <label xlink:type="resource" xlink:label="label2427" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_VariableInterestEntityGuaranteeAmount_en-US">Variable Interest Entity, Guarantee Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2427" xlink:to="label2427" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_VariableInterestEntityGuaranteeAmount" xlink:label="element2428" />
        <label xlink:type="resource" xlink:label="label2428" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_VariableInterestEntityGuaranteeAmount_en-US">Amount of guarntee issued by the parent or another affliate or subsidiary.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2428" xlink:to="label2428" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeCommonSharePurchasePlanMember" xlink:label="element2429" />
        <label xlink:type="resource" xlink:label="label2429" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmployeeCommonSharePurchasePlanMember_en-US">Employee Common Share Purchase Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2429" xlink:to="label2429" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonShareholdersDividendReinvestmentAndSharePurchasePlanMember" xlink:label="element2430" />
        <label xlink:type="resource" xlink:label="label2430" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommonShareholdersDividendReinvestmentAndSharePurchasePlanMember_en-US">Common Shareholders Dividend Reinvestment and Share Purchase Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2430" xlink:to="label2430" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_StockOptionPlanMember" xlink:label="element2431" />
        <label xlink:type="resource" xlink:label="label2431" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_StockOptionPlanMember_en-US">Stock Option Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2431" xlink:to="label2431" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareUnitPlansMember" xlink:label="element2432" />
        <label xlink:type="resource" xlink:label="label2432" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareUnitPlansMember_en-US">Share Unit Plans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2432" xlink:to="label2432" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredShareUnitPlansMember" xlink:label="element2433" />
        <label xlink:type="resource" xlink:label="label2433" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredShareUnitPlansMember_en-US">Deferred Share Unit Plans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2433" xlink:to="label2433" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PerformanceShareUnitPlanMember" xlink:label="element2434" />
        <label xlink:type="resource" xlink:label="label2434" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PerformanceShareUnitPlanMember_en-US">Performance Share Unit Plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2434" xlink:to="label2434" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationAwardTrancheFourMember" xlink:label="element2435" />
        <label xlink:type="resource" xlink:label="label2435" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationAwardTrancheFourMember_en-US">Share-based Compensation Award, Tranche Four [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2435" xlink:to="label2435" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationAwardTrancheFourMember" xlink:label="element2436" />
        <label xlink:type="resource" xlink:label="label2436" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationAwardTrancheFourMember_en-US">Fourth portion of share-based compensation award differentiated by a particular vesting feature, including, but not limited to, performance measure or service period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2436" xlink:to="label2436" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationAwardTrancheFourMember" xlink:label="element2437" />
        <label xlink:type="resource" xlink:label="label2437" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_ShareBasedCompensationAwardTrancheFourMember_en-US">Fourth Anniversary [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2437" xlink:to="label2437" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_Scenario1Member" xlink:label="element2438" />
        <label xlink:type="resource" xlink:label="label2438" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_Scenario1Member_en-US">Scenario 1 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2438" xlink:to="label2438" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_Scenario2Member" xlink:label="element2439" />
        <label xlink:type="resource" xlink:label="label2439" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_Scenario2Member_en-US">Scenario 2 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2439" xlink:to="label2439" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeStockPurchasePlanEsspEmployeeContribution" xlink:label="element2440" />
        <label xlink:type="resource" xlink:label="label2440" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmployeeStockPurchasePlanEsspEmployeeContribution_en-US">Employee Stock Purchase Plan (ESSP), Employee Contribution</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2440" xlink:to="label2440" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeStockPurchasePlanEsspEmployeeContribution" xlink:label="element2441" />
        <label xlink:type="resource" xlink:label="label2441" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmployeeStockPurchasePlanEsspEmployeeContribution_en-US">Employee Stock Purchase Plan (ESSP), Employee Contribution</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2441" xlink:to="label2441" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeStockPurchasePlanEsspEmployerMatchingPercentage" xlink:label="element2442" />
        <label xlink:type="resource" xlink:label="label2442" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmployeeStockPurchasePlanEsspEmployerMatchingPercentage_en-US">Employee Stock Purchase Plan (ESSP), Employer Matching Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2442" xlink:to="label2442" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeStockPurchasePlanEsspEmployerMatchingPercentage" xlink:label="element2443" />
        <label xlink:type="resource" xlink:label="label2443" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_EmployeeStockPurchasePlanEsspEmployerMatchingPercentage_en-US">Employee Stock Purchase Plan (ESSP), Employer Matching Percentage</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2443" xlink:to="label2443" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendReinvestmentPlanPercentageDiscountFromAverageMarketPriceOfCommonShares" xlink:label="element2444" />
        <label xlink:type="resource" xlink:label="label2444" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DividendReinvestmentPlanPercentageDiscountFromAverageMarketPriceOfCommonShares_en-US">Dividend Reinvestment Plan Percentage Discount From Average Market Price Of Common Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2444" xlink:to="label2444" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeRetirementOrTerminationForOtherThanJustCause" xlink:label="element2445" />
        <label xlink:type="resource" xlink:label="label2445" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeRetirementOrTerminationForOtherThanJustCause_en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Contractual Term, Employee Retirement Or Termination For Other Than Just Cause</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2445" xlink:to="label2445" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeRetirementOrTerminationForOtherThanJustCause" xlink:label="element2446" />
        <label xlink:type="resource" xlink:label="label2446" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeRetirementOrTerminationForOtherThanJustCause_en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Contractual Term, Employee Retirement Or Termination For Other Than Just Cause</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2446" xlink:to="label2446" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeTerminationForJustCauseOrResignationOrDeath" xlink:label="element2447" />
        <label xlink:type="resource" xlink:label="label2447" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeTerminationForJustCauseOrResignationOrDeath_en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Contractual Term, Employee Termination For Just Cause Or Resignation Or Death</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2447" xlink:to="label2447" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeTerminationForJustCauseOrResignationOrDeath" xlink:label="element2448" />
        <label xlink:type="resource" xlink:label="label2448" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsContractualTermEmployeeTerminationForJustCauseOrResignationOrDeath_en-US">Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Contractual Term, Employee Termination For Just Cause Or Resignation Or Death</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2448" xlink:to="label2448" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueAssumptionsHistoricalVolatilityPeriod" xlink:label="element2449" />
        <label xlink:type="resource" xlink:label="label2449" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FairValueAssumptionsHistoricalVolatilityPeriod_en-US">Fair Value Assumptions, Historical Volatility Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2449" xlink:to="label2449" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FairValueAssumptionsHistoricalVolatilityPeriod" xlink:label="element2450" />
        <label xlink:type="resource" xlink:label="label2450" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FairValueAssumptionsHistoricalVolatilityPeriod_en-US">Fair Value Assumptions, Historical Volatility Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2450" xlink:to="label2450" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredShareUnitPlanPercentageOfValueOfActualAnnualIncentiveAward" xlink:label="element2451" />
        <label xlink:type="resource" xlink:label="label2451" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredShareUnitPlanPercentageOfValueOfActualAnnualIncentiveAward_en-US">Deferred Share Unit Plan Percentage Of Value Of Actual Annual Incentive Award</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2451" xlink:to="label2451" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredShareUnitPlanPercentageOfValueOfActualAnnualIncentiveAward" xlink:label="element2452" />
        <label xlink:type="resource" xlink:label="label2452" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredShareUnitPlanPercentageOfValueOfActualAnnualIncentiveAward_en-US">Deferred Share Unit Plan Percentage Of Value Of Actual Annual Incentive Award</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2452" xlink:to="label2452" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfTradingDays" xlink:label="element2453" />
        <label xlink:type="resource" xlink:label="label2453" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NumberOfTradingDays_en-US">Number Of Trading Days</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2453" xlink:to="label2453" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfTradingDays" xlink:label="element2454" />
        <label xlink:type="resource" xlink:label="label2454" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NumberOfTradingDays_en-US">Number of days investments were trading on the market represented as PnYnMnD.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2454" xlink:to="label2454" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PerformanceBasedShareUnitPlanPerformanceCycleTerm" xlink:label="element2455" />
        <label xlink:type="resource" xlink:label="label2455" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PerformanceBasedShareUnitPlanPerformanceCycleTerm_en-US">Performance-based Share Unit Plan Performance Cycle Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2455" xlink:to="label2455" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PerformanceBasedShareUnitPlanPerformanceCycleTerm" xlink:label="element2456" />
        <label xlink:type="resource" xlink:label="label2456" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PerformanceBasedShareUnitPlanPerformanceCycleTerm_en-US">Performance-based Share Unit Plan Performance Cycle Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2456" xlink:to="label2456" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeNonVestedStockOptionMember" xlink:label="element2457" />
        <label xlink:type="resource" xlink:label="label2457" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmployeeNonVestedStockOptionMember_en-US">Employee Non-vested Stock Option [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2457" xlink:to="label2457" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeNonVestedStockOptionMember" xlink:label="element2458" />
        <label xlink:type="resource" xlink:label="label2458" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmployeeNonVestedStockOptionMember_en-US">An arrangement whereby an employee is entitled to receive in the future, not subject to vesting and other restrictions, a number of shares in the entity at a specified price, as defined in the agreement.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2458" xlink:to="label2458" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeMember" xlink:label="element2459" />
        <label xlink:type="resource" xlink:label="label2459" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EmployeeMember_en-US">Employee [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2459" xlink:to="label2459" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EmployeeMember" xlink:label="element2460" />
        <label xlink:type="resource" xlink:label="label2460" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EmployeeMember_en-US">Person who is employeed by the compnay as regular employee.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2460" xlink:to="label2460" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue" xlink:label="element2461" />
        <label xlink:type="resource" xlink:label="label2461" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Exercises in Period, Weighted Average Grant Date Fair Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2461" xlink:to="label2461" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue" xlink:label="element2462" />
        <label xlink:type="resource" xlink:label="label2462" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisesInPeriodWeightedAverageGrantDateFairValue_en-US">The weighted average fair value at grant date for nonvested equity-based awards exercised during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2462" xlink:to="label2462" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted" xlink:label="element2463" />
        <label xlink:type="resource" xlink:label="label2463" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2463" xlink:to="label2463" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted" xlink:label="element2464" />
        <label xlink:type="resource" xlink:label="label2464" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Granted</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2464" xlink:to="label2464" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercised" xlink:label="element2465" />
        <label xlink:type="resource" xlink:label="label2465" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercised_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Exercised</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2465" xlink:to="label2465" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercised" xlink:label="element2466" />
        <label xlink:type="resource" xlink:label="label2466" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercised_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Exercised</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2466" xlink:to="label2466" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited" xlink:label="element2467" />
        <label xlink:type="resource" xlink:label="label2467" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Forfeited</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2467" xlink:to="label2467" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited" xlink:label="element2468" />
        <label xlink:type="resource" xlink:label="label2468" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited_en-US">Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Forfeited</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2468" xlink:to="label2468" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IntercompanyIncomeExpensesNet" xlink:label="element2469" />
        <label xlink:type="resource" xlink:label="label2469" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IntercompanyIncomeExpensesNet_en-US">Intercompany income (expenses), net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2469" xlink:to="label2469" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IntercompanyIncomeExpensesNet" xlink:label="element2470" />
        <label xlink:type="resource" xlink:label="label2470" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IntercompanyIncomeExpensesNet_en-US">Income (expense from intercompany transactions.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2470" xlink:to="label2470" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InvestmentsInSubsidiaries" xlink:label="element2471" />
        <label xlink:type="resource" xlink:label="label2471" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_InvestmentsInSubsidiaries_en-US">Investments In Subsidiaries</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2471" xlink:to="label2471" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_InvestmentsInSubsidiaries" xlink:label="element2472" />
        <label xlink:type="resource" xlink:label="label2472" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_InvestmentsInSubsidiaries_en-US">This item represents the carrying amount on the entity's balance sheet of its investment in subsidiaries of an equity method investee.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2472" xlink:to="label2472" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PurchasedPowerMember" xlink:label="element2473" />
        <label xlink:type="resource" xlink:label="label2473" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PurchasedPowerMember_en-US">Purchased Power [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2473" xlink:to="label2473" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FuelAndGasSupplyMember" xlink:label="element2474" />
        <label xlink:type="resource" xlink:label="label2474" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FuelAndGasSupplyMember_en-US">Fuel And Gas Supply [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2474" xlink:to="label2474" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TransportationMember" xlink:label="element2475" />
        <label xlink:type="resource" xlink:label="label2475" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TransportationMember_en-US">Transportation [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2475" xlink:to="label2475" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LongTermServiceAgreementsMember" xlink:label="element2476" />
        <label xlink:type="resource" xlink:label="label2476" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LongTermServiceAgreementsMember_en-US">Long-term service agreements [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2476" xlink:to="label2476" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalProjectsMember" xlink:label="element2477" />
        <label xlink:type="resource" xlink:label="label2477" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CapitalProjectsMember_en-US">Capital projects [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2477" xlink:to="label2477" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EquityInvestmentCommitmentsMember" xlink:label="element2478" />
        <label xlink:type="resource" xlink:label="label2478" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EquityInvestmentCommitmentsMember_en-US">Equity investment commitments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2478" xlink:to="label2478" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LeasesAndOtherMember" xlink:label="element2479" />
        <label xlink:type="resource" xlink:label="label2479" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LeasesAndOtherMember_en-US">Leases and other [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2479" xlink:to="label2479" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TampaElectricAndPeoplesGasDivisionMember" xlink:label="element2480" />
        <label xlink:type="resource" xlink:label="label2480" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TampaElectricAndPeoplesGasDivisionMember_en-US">Tampa Electric And Peoples Gas Division [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2480" xlink:to="label2480" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EneCaseMember" xlink:label="element2481" />
        <label xlink:type="resource" xlink:label="label2481" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EneCaseMember_en-US">ENE Case [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2481" xlink:to="label2481" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MaAgIiCaseMember" xlink:label="element2482" />
        <label xlink:type="resource" xlink:label="label2482" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MaAgIiCaseMember_en-US">MA AG II Case [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2482" xlink:to="label2482" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EasternMassachusettsConsumerOwnedSystemsMember" xlink:label="element2483" />
        <label xlink:type="resource" xlink:label="label2483" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EasternMassachusettsConsumerOwnedSystemsMember_en-US">Eastern Massachusetts Consumer Owned Systems [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2483" xlink:to="label2483" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TecoGuatemalaHoldingsMember" xlink:label="element2484" />
        <label xlink:type="resource" xlink:label="label2484" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TecoGuatemalaHoldingsMember_en-US">TECO Guatemala Holdings [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2484" xlink:to="label2484" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LitigationSettlementVariableRate" xlink:label="element2485" />
        <label xlink:type="resource" xlink:label="label2485" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LitigationSettlementVariableRate_en-US">Litigation Settlement Variable Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2485" xlink:to="label2485" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LitigationSettlementVariableRate" xlink:label="element2486" />
        <label xlink:type="resource" xlink:label="label2486" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_LitigationSettlementVariableRate_en-US">Variable rate based on the ligation settlement.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2486" xlink:to="label2486" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccrualForEnvironmentalLossContingenciesUndiscountedSecondYearThroughFifthYear" xlink:label="element2487" />
        <label xlink:type="resource" xlink:label="label2487" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AccrualForEnvironmentalLossContingenciesUndiscountedSecondYearThroughFifthYear_en-US">Accrual for Environmental Loss Contingencies, Undiscounted, Second Year Through Fifth Year</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2487" xlink:to="label2487" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AccrualForEnvironmentalLossContingenciesUndiscountedSecondYearThroughFifthYear" xlink:label="element2488" />
        <label xlink:type="resource" xlink:label="label2488" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AccrualForEnvironmentalLossContingenciesUndiscountedSecondYearThroughFifthYear_en-US">Undiscounted amount of the accrual for environmental loss contingencies expected to be paid in the next two to five fiscal years following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2488" xlink:to="label2488" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PolychlorinatedBiphenylPcbRegulationsMember" xlink:label="element2489" />
        <label xlink:type="resource" xlink:label="label2489" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PolychlorinatedBiphenylPcbRegulationsMember_en-US">Polychlorinated Biphenyl (PCB) Regulations [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2489" xlink:to="label2489" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PolychlorinatedBiphenylPcbRegulationsMember" xlink:label="element2490" />
        <label xlink:type="resource" xlink:label="label2490" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PolychlorinatedBiphenylPcbRegulationsMember_en-US">Canadian Environmental Protection Act 1999, 2008 Polychlorinated Biphenyl (PCB) Regulations to phase out electrical equipment and liquids containing PCBs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2490" xlink:to="label2490" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MaritimeLinkProjectMember" xlink:label="element2491" />
        <label xlink:type="resource" xlink:label="label2491" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MaritimeLinkProjectMember_en-US">Maritime Link Project [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2491" xlink:to="label2491" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MaritimeLinkProjectMember" xlink:label="element2492" />
        <label xlink:type="resource" xlink:label="label2492" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_MaritimeLinkProjectMember_en-US">Tramission project of two 170 kilometre subsea cables, connecting the island of Newfoundland and Nova Scotia.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2492" xlink:to="label2492" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_JointlyOwnedUtilityPlantOutputAgreement" xlink:label="element2493" />
        <label xlink:type="resource" xlink:label="label2493" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_JointlyOwnedUtilityPlantOutputAgreement_en-US">Jointly Owned Utility Plant, Output Agreement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2493" xlink:to="label2493" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_JointlyOwnedUtilityPlantOutputAgreement" xlink:label="element2494" />
        <label xlink:type="resource" xlink:label="label2494" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_JointlyOwnedUtilityPlantOutputAgreement_en-US">Output amount per agreement of jointly owned utility plant.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2494" xlink:to="label2494" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilityWindEnergyProjectEnergyProduction" xlink:label="element2495" />
        <label xlink:type="resource" xlink:label="label2495" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilityWindEnergyProjectEnergyProduction_en-US">Public Utility, Wind Energy Project, Energy Production</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2495" xlink:to="label2495" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilityWindEnergyProjectEnergyProduction" xlink:label="element2496" />
        <label xlink:type="resource" xlink:label="label2496" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilityWindEnergyProjectEnergyProduction_en-US">Public Utility, Wind Energy Project, Energy Production</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2496" xlink:to="label2496" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilityPercentageOwnershipOnTheRelativeValueOfEachPartysProjectsAssetsToTotalProjectAssets" xlink:label="element2497" />
        <label xlink:type="resource" xlink:label="label2497" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilityPercentageOwnershipOnTheRelativeValueOfEachPartysProjectsAssetsToTotalProjectAssets_en-US">Public Utility, Percentage Ownership On The Relative Value Of Each Partys Projects Assets To Total Project Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2497" xlink:to="label2497" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilityPercentageOwnershipOnTheRelativeValueOfEachPartysProjectsAssetsToTotalProjectAssets" xlink:label="element2498" />
        <label xlink:type="resource" xlink:label="label2498" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilityPercentageOwnershipOnTheRelativeValueOfEachPartysProjectsAssetsToTotalProjectAssets_en-US">Public Utility, Percentage Ownership On The Relative Value Of Each Partys Projects Assets To Total Project Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2498" xlink:to="label2498" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SouthCanoeDevelopmentPartnershipMember" xlink:label="element2499" />
        <label xlink:type="resource" xlink:label="label2499" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SouthCanoeDevelopmentPartnershipMember_en-US">South Canoe Development Partnership [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2499" xlink:to="label2499" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MunicipalityOfTheDistrictOfGuysboroughMember" xlink:label="element2500" />
        <label xlink:type="resource" xlink:label="label2500" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MunicipalityOfTheDistrictOfGuysboroughMember_en-US">Municipality of the District of Guysborough [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2500" xlink:to="label2500" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NortheastEnergyLinkMember" xlink:label="element2501" />
        <label xlink:type="resource" xlink:label="label2501" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NortheastEnergyLinkMember_en-US">Northeast Energy Link [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2501" xlink:to="label2501" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EdpRenewablesCentralMainePowerAndMaineElectricPowerCompanyIncMember" xlink:label="element2502" />
        <label xlink:type="resource" xlink:label="label2502" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EdpRenewablesCentralMainePowerAndMaineElectricPowerCompanyIncMember_en-US">EDP Renewables, Central Maine Power, and Maine Electric Power Company Inc [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2502" xlink:to="label2502" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CumulativeRedeemableFirstPreferredSharesSeriesEMember" xlink:label="element2503" />
        <label xlink:type="resource" xlink:label="label2503" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CumulativeRedeemableFirstPreferredSharesSeriesEMember_en-US">Cumulative Redeemable First Preferred Shares, Series E [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2503" xlink:to="label2503" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CumulativeRedeemableFirstPreferredSharesSeriesEMember" xlink:label="element2504" />
        <label xlink:type="resource" xlink:label="label2504" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CumulativeRedeemableFirstPreferredSharesSeriesEMember_en-US">Preferred stock series E upon which unpaid dividends accumulate until paid to shareholders. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2504" xlink:to="label2504" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AfterConversionOnOneForOneBasisMember" xlink:label="element2505" />
        <label xlink:type="resource" xlink:label="label2505" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AfterConversionOnOneForOneBasisMember_en-US">After Conversion On One-For-One Basis [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2505" xlink:to="label2505" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaymentPeriodOneMember" xlink:label="element2506" />
        <label xlink:type="resource" xlink:label="label2506" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DividendPaymentPeriodOneMember_en-US">Dividend Payment Period One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2506" xlink:to="label2506" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaymentPeriodOneMember" xlink:label="element2507" />
        <label xlink:type="resource" xlink:label="label2507" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DividendPaymentPeriodOneMember_en-US">Up To And Excluding August 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2507" xlink:to="label2507" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaymentPeriodTwoMember" xlink:label="element2508" />
        <label xlink:type="resource" xlink:label="label2508" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DividendPaymentPeriodTwoMember_en-US">Dividend Payment Period Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2508" xlink:to="label2508" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaymentPeriodTwoMember" xlink:label="element2509" />
        <label xlink:type="resource" xlink:label="label2509" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DividendPaymentPeriodTwoMember_en-US">Up To And Excluding August 15, 2018 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2509" xlink:to="label2509" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaymentPeriodThreeMember" xlink:label="element2510" />
        <label xlink:type="resource" xlink:label="label2510" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DividendPaymentPeriodThreeMember_en-US">Dividend Payment Period Three [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2510" xlink:to="label2510" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DividendPaymentPeriodThreeMember" xlink:label="element2511" />
        <label xlink:type="resource" xlink:label="label2511" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DividendPaymentPeriodThreeMember_en-US">Up To And Excluding February 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2511" xlink:to="label2511" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodOneMember" xlink:label="element2512" />
        <label xlink:type="resource" xlink:label="label2512" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodOneMember_en-US">Preferred Shares Outstanding Redemption Period One [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2512" xlink:to="label2512" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodOneMember" xlink:label="element2513" />
        <label xlink:type="resource" xlink:label="label2513" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodOneMember_en-US">August 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2513" xlink:to="label2513" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodTwoMember" xlink:label="element2514" />
        <label xlink:type="resource" xlink:label="label2514" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodTwoMember_en-US">Preferred Shares Outstanding Redemption Period Two [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2514" xlink:to="label2514" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodTwoMember" xlink:label="element2515" />
        <label xlink:type="resource" xlink:label="label2515" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodTwoMember_en-US">August 15, 2018 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2515" xlink:to="label2515" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodThreeMember" xlink:label="element2516" />
        <label xlink:type="resource" xlink:label="label2516" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodThreeMember_en-US">Preferred Shares Outstanding Redemption Period Three [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2516" xlink:to="label2516" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodThreeMember" xlink:label="element2517" />
        <label xlink:type="resource" xlink:label="label2517" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodThreeMember_en-US">February 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2517" xlink:to="label2517" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFourMember" xlink:label="element2518" />
        <label xlink:type="resource" xlink:label="label2518" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodFourMember_en-US">Preferred Shares Outstanding Redemption Period Four [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2518" xlink:to="label2518" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFourMember" xlink:label="element2519" />
        <label xlink:type="resource" xlink:label="label2519" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodFourMember_en-US">August 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2519" xlink:to="label2519" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFiveMember" xlink:label="element2520" />
        <label xlink:type="resource" xlink:label="label2520" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodFiveMember_en-US">Preferred Shares Outstanding Redemption Period Five [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2520" xlink:to="label2520" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFiveMember" xlink:label="element2521" />
        <label xlink:type="resource" xlink:label="label2521" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodFiveMember_en-US">August 15, 2023 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2521" xlink:to="label2521" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodSixMember" xlink:label="element2522" />
        <label xlink:type="resource" xlink:label="label2522" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodSixMember_en-US">Preferred Shares Outstanding Redemption Period Six [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2522" xlink:to="label2522" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodSixMember" xlink:label="element2523" />
        <label xlink:type="resource" xlink:label="label2523" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodSixMember_en-US">February 15, 2025 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2523" xlink:to="label2523" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodSevenMember" xlink:label="element2524" />
        <label xlink:type="resource" xlink:label="label2524" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodSevenMember_en-US">Preferred Shares Outstanding Redemption Period Seven [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2524" xlink:to="label2524" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodSevenMember" xlink:label="element2525" />
        <label xlink:type="resource" xlink:label="label2525" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodSevenMember_en-US">After August 15, 2015 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2525" xlink:to="label2525" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodEightMember" xlink:label="element2526" />
        <label xlink:type="resource" xlink:label="label2526" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodEightMember_en-US">Preferred Shares Outstanding Redemption Period Eight [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2526" xlink:to="label2526" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodEightMember" xlink:label="element2527" />
        <label xlink:type="resource" xlink:label="label2527" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodEightMember_en-US">After August 15, 2018 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2527" xlink:to="label2527" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodTenMember" xlink:label="element2528" />
        <label xlink:type="resource" xlink:label="label2528" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodTenMember_en-US">Preferred Shares Outstanding Redemption Period Ten [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2528" xlink:to="label2528" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodTenMember" xlink:label="element2529" />
        <label xlink:type="resource" xlink:label="label2529" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodTenMember_en-US">After February 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2529" xlink:to="label2529" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodElevenMember" xlink:label="element2530" />
        <label xlink:type="resource" xlink:label="label2530" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodElevenMember_en-US">Preferred Shares Outstanding Redemption Period Eleven [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2530" xlink:to="label2530" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodElevenMember" xlink:label="element2531" />
        <label xlink:type="resource" xlink:label="label2531" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodElevenMember_en-US">If Redeemed Prior To August 15, 2019 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2531" xlink:to="label2531" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodTwelveMember" xlink:label="element2532" />
        <label xlink:type="resource" xlink:label="label2532" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodTwelveMember_en-US">Preferred Shares Outstanding Redemption Period Twelve [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2532" xlink:to="label2532" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodTwelveMember" xlink:label="element2533" />
        <label xlink:type="resource" xlink:label="label2533" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodTwelveMember_en-US">If Redeemed On Or After August 15, 2019, But Prior To August 15, 2020 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2533" xlink:to="label2533" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodThirteenMember" xlink:label="element2534" />
        <label xlink:type="resource" xlink:label="label2534" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodThirteenMember_en-US">Preferred Shares Outstanding Redemption Period Thirteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2534" xlink:to="label2534" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodThirteenMember" xlink:label="element2535" />
        <label xlink:type="resource" xlink:label="label2535" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodThirteenMember_en-US">If Redeemed On Or After August 15, 2020, But Prior To August 15, 2021 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2535" xlink:to="label2535" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFourteenMember" xlink:label="element2536" />
        <label xlink:type="resource" xlink:label="label2536" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodFourteenMember_en-US">Preferred Shares Outstanding Redemption Period Fourteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2536" xlink:to="label2536" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFourteenMember" xlink:label="element2537" />
        <label xlink:type="resource" xlink:label="label2537" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodFourteenMember_en-US">If Redeemed On Or After August 15, 2021, But Prior To August 15, 2022 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2537" xlink:to="label2537" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFifteenMember" xlink:label="element2538" />
        <label xlink:type="resource" xlink:label="label2538" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PreferredSharesOutstandingRedemptionPeriodFifteenMember_en-US">Preferred Shares Outstanding Redemption Period Fifteen [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2538" xlink:to="label2538" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PreferredSharesOutstandingRedemptionPeriodFifteenMember" xlink:label="element2539" />
        <label xlink:type="resource" xlink:label="label2539" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PreferredSharesOutstandingRedemptionPeriodFifteenMember_en-US">If Redeemed On Or After August 15, 2022 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2539" xlink:to="label2539" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet" xlink:label="element2540" />
        <label xlink:type="resource" xlink:label="label2540" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet_en-US">Proceeds From Issuance Of Preferred Stock And Preference Stock Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2540" xlink:to="label2540" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet" xlink:label="element2541" />
        <label xlink:type="resource" xlink:label="label2541" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet_en-US">Proceeds From Issuance Of Preferred Stock And Preference Stock Net</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2541" xlink:to="label2541" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet" xlink:label="element2542" />
        <label xlink:type="resource" xlink:label="label2542" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_ProceedsFromIssuanceOfPreferredStockAndPreferenceStockNet_en-US">Net Proceeds from Issuance of Redeemable Preferred Stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2542" xlink:to="label2542" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FixedCumulativeCashDividends" xlink:label="element2543" />
        <label xlink:type="resource" xlink:label="label2543" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FixedCumulativeCashDividends_en-US">Fixed Cumulative Cash Dividends</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2543" xlink:to="label2543" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FixedCumulativeCashDividends" xlink:label="element2544" />
        <label xlink:type="resource" xlink:label="label2544" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_FixedCumulativeCashDividends_en-US">Aggregate dividends declared during the period for each share of preferred stock outstanding.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2544" xlink:to="label2544" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FixedCumulativeCashDividends" xlink:label="element2545" />
        <label xlink:type="resource" xlink:label="label2545" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_FixedCumulativeCashDividends_en-US">Fixed cumulative cash dividends per share per annum</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2545" xlink:to="label2545" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentOfCanadaBondYieldTerm" xlink:label="element2546" />
        <label xlink:type="resource" xlink:label="label2546" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GovernmentOfCanadaBondYieldTerm_en-US">Government Of Canada Bond Yield Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2546" xlink:to="label2546" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentOfCanadaBondYieldTerm" xlink:label="element2547" />
        <label xlink:type="resource" xlink:label="label2547" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_GovernmentOfCanadaBondYieldTerm_en-US">Government Of Canada Bond Yield Term</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2547" xlink:to="label2547" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentOfCanadaBondYieldTerm" xlink:label="element2548" />
        <label xlink:type="resource" xlink:label="label2548" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_GovernmentOfCanadaBondYieldTerm_en-US">Term of Canada government bond yield</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2548" xlink:to="label2548" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentOfCanadaTreasuryBillRate" xlink:label="element2549" />
        <label xlink:type="resource" xlink:label="label2549" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GovernmentOfCanadaTreasuryBillRate_en-US">Government Of Canada Treasury Bill Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2549" xlink:to="label2549" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentOfCanadaTreasuryBillRate" xlink:label="element2550" />
        <label xlink:type="resource" xlink:label="label2550" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_GovernmentOfCanadaTreasuryBillRate_en-US">Government Of Canada Treasury Bill Rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2550" xlink:to="label2550" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentOfCanadaTreasuryBillRate" xlink:label="element2551" />
        <label xlink:type="resource" xlink:label="label2551" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_GovernmentOfCanadaTreasuryBillRate_en-US">Term of Canada government treasury bill rate</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2551" xlink:to="label2551" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ApucSubscriptionReceiptsDividendEquivalentsCommonSharesMember" xlink:label="element2552" />
        <label xlink:type="resource" xlink:label="label2552" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ApucSubscriptionReceiptsDividendEquivalentsCommonSharesMember_en-US">APUC Subscription Receipts Dividend Equivalents Common Shares [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2552" xlink:to="label2552" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxReconciliationDeductionsFinancingCosts" xlink:label="element2553" />
        <label xlink:type="resource" xlink:label="label2553" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncomeTaxReconciliationDeductionsFinancingCosts_en-US">Income Tax Reconciliation Deductions Financing Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2553" xlink:to="label2553" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxReconciliationDeductionsFinancingCosts" xlink:label="element2554" />
        <label xlink:type="resource" xlink:label="label2554" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_IncomeTaxReconciliationDeductionsFinancingCosts_en-US">Financing deductions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2554" xlink:to="label2554" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxReconciliationDeductionsFinancingCosts" xlink:label="element2555" />
        <label xlink:type="resource" xlink:label="label2555" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncomeTaxReconciliationDeductionsFinancingCosts_en-US">Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to financing deductions.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2555" xlink:to="label2555" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxReconciliationManufacturingAndInvestmentAllowances" xlink:label="element2556" />
        <label xlink:type="resource" xlink:label="label2556" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncomeTaxReconciliationManufacturingAndInvestmentAllowances_en-US">Income Tax Reconciliation Manufacturing And Investment Allowances</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2556" xlink:to="label2556" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxReconciliationManufacturingAndInvestmentAllowances" xlink:label="element2557" />
        <label xlink:type="resource" xlink:label="label2557" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncomeTaxReconciliationManufacturingAndInvestmentAllowances_en-US">Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to Manufacturing And Investment Allowances.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2557" xlink:to="label2557" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncomeTaxReconciliationManufacturingAndInvestmentAllowances" xlink:label="element2558" />
        <label xlink:type="resource" xlink:label="label2558" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_IncomeTaxReconciliationManufacturingAndInvestmentAllowances_en-US">Manufacturing And Investment Allowances</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2558" xlink:to="label2558" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EffectiveIncomeTaxRateReconciliationForeignTaxRateVarianceAmount" xlink:label="element2559" />
        <label xlink:type="resource" xlink:label="label2559" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EffectiveIncomeTaxRateReconciliationForeignTaxRateVarianceAmount_en-US">Effective Income Tax Rate Reconciliation, Foreign Tax Rate Variance, Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2559" xlink:to="label2559" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EffectiveIncomeTaxRateReconciliationForeignTaxRateVarianceAmount" xlink:label="element2560" />
        <label xlink:type="resource" xlink:label="label2560" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EffectiveIncomeTaxRateReconciliationForeignTaxRateVarianceAmount_en-US">Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to foreign tax rate variance.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2560" xlink:to="label2560" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EffectiveIncomeTaxRateReconciliationForeignTaxRateVarianceAmount" xlink:label="element2561" />
        <label xlink:type="resource" xlink:label="label2561" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_EffectiveIncomeTaxRateReconciliationForeignTaxRateVarianceAmount_en-US">Foreign tax rate variance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2561" xlink:to="label2561" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnitedStatesStateTaxAuthorityMember" xlink:label="element2562" />
        <label xlink:type="resource" xlink:label="label2562" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnitedStatesStateTaxAuthorityMember_en-US">United States, State Tax Authority [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2562" xlink:to="label2562" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnitedStatesStateTaxAuthorityMember" xlink:label="element2563" />
        <label xlink:type="resource" xlink:label="label2563" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_UnitedStatesStateTaxAuthorityMember_en-US">State Operating Loss Carryforward [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2563" xlink:to="label2563" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OperatingLossCarryforwardMember" xlink:label="element2564" />
        <label xlink:type="resource" xlink:label="label2564" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OperatingLossCarryforwardMember_en-US">Operating Loss Carryforward [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2564" xlink:to="label2564" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsUncertainRealizationAbstract" xlink:label="element2565" />
        <label xlink:type="resource" xlink:label="label2565" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxAssetsUncertainRealizationAbstract_en-US">Deferred Tax Assets Uncertain Realization [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2565" xlink:to="label2565" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsUncertainRealization" xlink:label="element2566" />
        <label xlink:type="resource" xlink:label="label2566" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxAssetsUncertainRealization_en-US">Deferred Tax Assets Uncertain Realization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2566" xlink:to="label2566" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsUncertainRealization" xlink:label="element2567" />
        <label xlink:type="resource" xlink:label="label2567" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredTaxAssetsUncertainRealization_en-US">Deferred tax assets for which realization is unceratin.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2567" xlink:to="label2567" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxValuationAllowanceUncertainRealization" xlink:label="element2568" />
        <label xlink:type="resource" xlink:label="label2568" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxValuationAllowanceUncertainRealization_en-US">Deferred Tax Valuation Allowance Uncertain Realization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2568" xlink:to="label2568" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxValuationAllowanceUncertainRealization" xlink:label="element2569" />
        <label xlink:type="resource" xlink:label="label2569" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredTaxValuationAllowanceUncertainRealization_en-US">Deferred Tax Valuation Allowance Uncertain Realization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2569" xlink:to="label2569" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxValuationAllowanceUncertainRealization" xlink:label="element2570" />
        <label xlink:type="resource" xlink:label="label2570" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_DeferredTaxValuationAllowanceUncertainRealization_en-US">Valuation Allowance</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2570" xlink:to="label2570" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetDeferredTaxAssetsUncertainRealization" xlink:label="element2571" />
        <label xlink:type="resource" xlink:label="label2571" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NetDeferredTaxAssetsUncertainRealization_en-US">Net Deferred Tax Assets Uncertain Realization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2571" xlink:to="label2571" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetDeferredTaxAssetsUncertainRealization" xlink:label="element2572" />
        <label xlink:type="resource" xlink:label="label2572" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NetDeferredTaxAssetsUncertainRealization_en-US">Net Deferred Tax Assets Uncertain Realization</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2572" xlink:to="label2572" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetDeferredTaxAssetsUncertainRealization" xlink:label="element2573" />
        <label xlink:type="resource" xlink:label="label2573" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xml:lang="en-US" id="total_ema_NetDeferredTaxAssetsUncertainRealization_en-US">Net Deferred Tax Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2573" xlink:to="label2573" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetExpirationPeriod" xlink:label="element2574" />
        <label xlink:type="resource" xlink:label="label2574" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxAssetExpirationPeriod_en-US">Deferred Tax Asset Expiration Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2574" xlink:to="label2574" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetExpirationPeriod" xlink:label="element2575" />
        <label xlink:type="resource" xlink:label="label2575" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DeferredTaxAssetExpirationPeriod_en-US">Deferred Tax Asset Expiration Period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2575" xlink:to="label2575" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LossCarryForwardsAndInvestmentsMember" xlink:label="element2576" />
        <label xlink:type="resource" xlink:label="label2576" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LossCarryForwardsAndInvestmentsMember_en-US">Loss carry forwards and investments [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2576" xlink:to="label2576" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EffectiveIncomeTaxRateReconciliationNonTaxablePortionOfGainsAmount" xlink:label="element2577" />
        <label xlink:type="resource" xlink:label="label2577" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EffectiveIncomeTaxRateReconciliationNonTaxablePortionOfGainsAmount_en-US">Effective Income Tax Rate Reconciliation, Non Taxable Portion of Gains, Amount</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2577" xlink:to="label2577" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EffectiveIncomeTaxRateReconciliationNonTaxablePortionOfGainsAmount" xlink:label="element2578" />
        <label xlink:type="resource" xlink:label="label2578" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_EffectiveIncomeTaxRateReconciliationNonTaxablePortionOfGainsAmount_en-US">Non-taxable portion of gains on transactions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2578" xlink:to="label2578" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EffectiveIncomeTaxRateReconciliationNonTaxablePortionOfGainsAmount" xlink:label="element2579" />
        <label xlink:type="resource" xlink:label="label2579" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EffectiveIncomeTaxRateReconciliationNonTaxablePortionOfGainsAmount_en-US">Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to non taxable portion of gains.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2579" xlink:to="label2579" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TaxCreditCarryForwardsMember" xlink:label="element2580" />
        <label xlink:type="resource" xlink:label="label2580" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TaxCreditCarryForwardsMember_en-US">Tax credit carry forwards [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2580" xlink:to="label2580" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseRegulatoryAssetsDepreciation" xlink:label="element2581" />
        <label xlink:type="resource" xlink:label="label2581" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_IncreaseDecreaseRegulatoryAssetsDepreciation_en-US">Increase Decrease Regulatory Assets Depreciation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2581" xlink:to="label2581" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseRegulatoryAssetsDepreciation" xlink:label="element2582" />
        <label xlink:type="resource" xlink:label="label2582" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_IncreaseDecreaseRegulatoryAssetsDepreciation_en-US">The settlement agreement for regulated assets resulted in new depreciation rates that reduce annual depreciation.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2582" xlink:to="label2582" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_IncreaseDecreaseRegulatoryAssetsDepreciation" xlink:label="element2583" />
        <label xlink:type="resource" xlink:label="label2583" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_IncreaseDecreaseRegulatoryAssetsDepreciation_en-US">Reduction in annual depreciation</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2583" xlink:to="label2583" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesBillReduction" xlink:label="element2584" />
        <label xlink:type="resource" xlink:label="label2584" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesBillReduction_en-US">Public Utilities Bill Reduction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2584" xlink:to="label2584" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesBillReduction" xlink:label="element2585" />
        <label xlink:type="resource" xlink:label="label2585" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesBillReduction_en-US">Amount of public utility's annual credit issued to customers while waiting for the effective base rate increase date.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2585" xlink:to="label2585" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesPriorRecoveryOfPriorPeriodFuelCosts" xlink:label="element2586" />
        <label xlink:type="resource" xlink:label="label2586" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesPriorRecoveryOfPriorPeriodFuelCosts_en-US">Public Utilities Prior Recovery of Prior Period Fuel Costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2586" xlink:to="label2586" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesPriorRecoveryOfPriorPeriodFuelCosts" xlink:label="element2587" />
        <label xlink:type="resource" xlink:label="label2587" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesPriorRecoveryOfPriorPeriodFuelCosts_en-US">Approved by regulatory body, base cost of fuel and its recovery of prior period unrecovered fuel costs.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2587" xlink:to="label2587" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtiltiesAdditionalContributionToCustomers" xlink:label="element2588" />
        <label xlink:type="resource" xlink:label="label2588" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtiltiesAdditionalContributionToCustomers_en-US">Public Utilties Additional Contribution To Customers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2588" xlink:to="label2588" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtiltiesFuelCostsSavingsAchievedDuringThePeriod" xlink:label="element2589" />
        <label xlink:type="resource" xlink:label="label2589" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtiltiesFuelCostsSavingsAchievedDuringThePeriod_en-US">Public Utilties Fuel Costs Savings Achieved During the Period</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2589" xlink:to="label2589" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtiltiesFuelCostsSavingsAchievedDuringThePeriod" xlink:label="element2590" />
        <label xlink:type="resource" xlink:label="label2590" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtiltiesFuelCostsSavingsAchievedDuringThePeriod_en-US">Public Utilties Fuel Costs Savings Achieved During the Period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2590" xlink:to="label2590" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesFuelCostRecoveryReceived" xlink:label="element2591" />
        <label xlink:type="resource" xlink:label="label2591" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesFuelCostRecoveryReceived_en-US">Public Utilities Fuel Cost Recovery Received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2591" xlink:to="label2591" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesFuelCostRecoveryReceived" xlink:label="element2592" />
        <label xlink:type="resource" xlink:label="label2592" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesFuelCostRecoveryReceived_en-US">Public Utilities Fuel Cost Recovery Received.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2592" xlink:to="label2592" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRefundsPayableToCustomers" xlink:label="element2593" />
        <label xlink:type="resource" xlink:label="label2593" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesRefundsPayableToCustomers_en-US">Public Utilities refunds payable to customers</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2593" xlink:to="label2593" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRefundsPayableToCustomers" xlink:label="element2594" />
        <label xlink:type="resource" xlink:label="label2594" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesRefundsPayableToCustomers_en-US">Excess fuel recvoery payable to customers.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2594" xlink:to="label2594" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RateStabilityPlanFuelCostsFor2017Through2019Member" xlink:label="element2595" />
        <label xlink:type="resource" xlink:label="label2595" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RateStabilityPlanFuelCostsFor2017Through2019Member_en-US">Rate Stability Plan fuel costs for 2017 through 2019 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2595" xlink:to="label2595" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmendedAnnualRateIncrease" xlink:label="element2596" />
        <label xlink:type="resource" xlink:label="label2596" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AmendedAnnualRateIncrease_en-US">Amended Annual Rate Increase</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2596" xlink:to="label2596" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmendedAnnualRateIncrease" xlink:label="element2597" />
        <label xlink:type="resource" xlink:label="label2597" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AmendedAnnualRateIncrease_en-US">Amended rates that were approved by the Regulatory Board.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2597" xlink:to="label2597" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_BarbadosLightPowerCompanyLimitedMember" xlink:label="element2598" />
        <label xlink:type="resource" xlink:label="label2598" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_BarbadosLightPowerCompanyLimitedMember_en-US">Barbados Light &amp; Power Company Limited [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2598" xlink:to="label2598" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfTransmissionAndDistributionPoles" xlink:label="element2599" />
        <label xlink:type="resource" xlink:label="label2599" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NumberOfTransmissionAndDistributionPoles_en-US">Number of Transmission and Distribution Poles</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2599" xlink:to="label2599" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NumberOfTransmissionAndDistributionPoles" xlink:label="element2600" />
        <label xlink:type="resource" xlink:label="label2600" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_NumberOfTransmissionAndDistributionPoles_en-US">Number of Transmission and Distribution Poles.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2600" xlink:to="label2600" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRestorationCost" xlink:label="element2601" />
        <label xlink:type="resource" xlink:label="label2601" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PublicUtilitiesRestorationCost_en-US">Public Utilities Restoration Cost</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2601" xlink:to="label2601" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PublicUtilitiesRestorationCost" xlink:label="element2602" />
        <label xlink:type="resource" xlink:label="label2602" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PublicUtilitiesRestorationCost_en-US">Costs incurred during the period to repair the damages caused by weather or storm.</label>
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2604" xlink:to="label2604" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CapitalizedTransportationCapacity" xlink:label="element2605" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2605" xlink:to="label2605" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_GovernmentFixedIncomeSecuritiesMember" xlink:label="element2606" />
        <label xlink:type="resource" xlink:label="label2606" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_GovernmentFixedIncomeSecuritiesMember_en-US">Government Fixed Income Securities [Member]</label>
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        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CorporateFixedIncomeSecuritiesMember" xlink:label="element2607" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2607" xlink:to="label2607" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OtherFixedIncomeSecuritiesMember" xlink:label="element2608" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2608" xlink:to="label2608" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OpenEndedInvesmentsMeasuredAtNavMember" xlink:label="element2609" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2609" xlink:to="label2609" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ClosedEndInvestmentMeasuredAtNavMember" xlink:label="element2610" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2610" xlink:to="label2610" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CollectiveTrustMeasuredAtNavMember" xlink:label="element2611" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2611" xlink:to="label2611" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetAssetValueMemberMember" xlink:label="element2612" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2612" xlink:to="label2612" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FinanceTermCreditFacilityMember" xlink:label="element2613" />
        <label xlink:type="resource" xlink:label="label2613" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FinanceTermCreditFacilityMember_en-US">Finance Term Credit Facility [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2613" xlink:to="label2613" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredFixedRateNotesMember" xlink:label="element2614" />
        <label xlink:type="resource" xlink:label="label2614" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredFixedRateNotesMember_en-US">Unsecured fixed rate notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2614" xlink:to="label2614" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FixedToFloatingSubordinatedNotesMember" xlink:label="element2615" />
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        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2615" xlink:to="label2615" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredSeniorNotesMember" xlink:label="element2616" />
        <label xlink:type="resource" xlink:label="label2616" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredSeniorNotesMember_en-US">Unsecured senior notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2616" xlink:to="label2616" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_VariableRateNotesMember" xlink:label="element2617" />
        <label xlink:type="resource" xlink:label="label2617" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_VariableRateNotesMember_en-US">Variable rate notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2617" xlink:to="label2617" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FixedRateNotesAndBondsMember" xlink:label="element2618" />
        <label xlink:type="resource" xlink:label="label2618" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FixedRateNotesAndBondsMember_en-US">Fixed rate notes and bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2618" xlink:to="label2618" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FixedRateDebentureMember" xlink:label="element2619" />
        <label xlink:type="resource" xlink:label="label2619" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FixedRateDebentureMember_en-US">Fixed rate debenture [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2619" xlink:to="label2619" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SecuredFixedRateMortgageBondsMember" xlink:label="element2620" />
        <label xlink:type="resource" xlink:label="label2620" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SecuredFixedRateMortgageBondsMember_en-US">Secured fixed rate mortgage bonds [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2620" xlink:to="label2620" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredSeniorFixedRateNotesMember" xlink:label="element2621" />
        <label xlink:type="resource" xlink:label="label2621" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredSeniorFixedRateNotesMember_en-US">Unsecured senior fixed rate notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2621" xlink:to="label2621" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeniorSecuredCreditFacilityMember" xlink:label="element2622" />
        <label xlink:type="resource" xlink:label="label2622" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeniorSecuredCreditFacilityMember_en-US">Senior secured credit facility [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2622" xlink:to="label2622" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UnsecuredAmortizingFixedRateNotesMember" xlink:label="element2623" />
        <label xlink:type="resource" xlink:label="label2623" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UnsecuredAmortizingFixedRateNotesMember_en-US">Unsecured amortizing fixed rate notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2623" xlink:to="label2623" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LiborBasedLoansMember" xlink:label="element2624" />
        <label xlink:type="resource" xlink:label="label2624" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LiborBasedLoansMember_en-US">LIBOR based loans [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2624" xlink:to="label2624" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SecuredSeniorNotesMember" xlink:label="element2625" />
        <label xlink:type="resource" xlink:label="label2625" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SecuredSeniorNotesMember_en-US">Secured senior notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2625" xlink:to="label2625" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SecuredFixedRateSeniorNotesMember" xlink:label="element2626" />
        <label xlink:type="resource" xlink:label="label2626" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SecuredFixedRateSeniorNotesMember_en-US">Secured fixed rate senior notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2626" xlink:to="label2626" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShortTermDebtRevolvingAndNonRevolvingCreditFacilityMember" xlink:label="element2627" />
        <label xlink:type="resource" xlink:label="label2627" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShortTermDebtRevolvingAndNonRevolvingCreditFacilityMember_en-US">Short term debt revolving and non revolving credit facility [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2627" xlink:to="label2627" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TotalDebt" xlink:label="element2628" />
        <label xlink:type="resource" xlink:label="label2628" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TotalDebt_en-US">Total Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2628" xlink:to="label2628" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TotalDebt" xlink:label="element2629" />
        <label xlink:type="resource" xlink:label="label2629" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_TotalDebt_en-US">Total current and non-current debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2629" xlink:to="label2629" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OverdraftLimitOnLinesOfCreditAccounts" xlink:label="element2630" />
        <label xlink:type="resource" xlink:label="label2630" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_OverdraftLimitOnLinesOfCreditAccounts_en-US">Overdraft limit on lines of credit accounts</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2630" xlink:to="label2630" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_OverdraftLimitOnLinesOfCreditAccounts" xlink:label="element2631" />
        <label xlink:type="resource" xlink:label="label2631" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_OverdraftLimitOnLinesOfCreditAccounts_en-US">Advances on the revolving credit facility can be made by way of overdraft on accounts.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2631" xlink:to="label2631" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_SeresHMediumTermNotesMember" xlink:label="element2632" />
        <label xlink:type="resource" xlink:label="label2632" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_SeresHMediumTermNotesMember_en-US">Seres H medium term notes [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2632" xlink:to="label2632" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EciMember" xlink:label="element2633" />
        <label xlink:type="resource" xlink:label="label2633" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_EciMember_en-US">ECI [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2633" xlink:to="label2633" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_EciMember" xlink:label="element2634" />
        <label xlink:type="resource" xlink:label="label2634" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_EciMember_en-US">Emera Carribean Inc.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2634" xlink:to="label2634" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_FloatingRateNotesDue2018Member" xlink:label="element2635" />
        <label xlink:type="resource" xlink:label="label2635" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_FloatingRateNotesDue2018Member_en-US">Floating rate notes due 2018 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2635" xlink:to="label2635" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NotesDue2045Member" xlink:label="element2636" />
        <label xlink:type="resource" xlink:label="label2636" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NotesDue2045Member_en-US">Notes due 2045 [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2636" xlink:to="label2636" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AdditionsDueToAcquisition" xlink:label="element2637" />
        <label xlink:type="resource" xlink:label="label2637" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AdditionsDueToAcquisition_en-US">Additions Due To Acquisition</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2637" xlink:to="label2637" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AdditionsDueToAcquisition" xlink:label="element2638" />
        <label xlink:type="resource" xlink:label="label2638" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_AdditionsDueToAcquisition_en-US">Additions due to acquisition</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2638" xlink:to="label2638" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AdditionsDueToAcquisition" xlink:label="element2639" />
        <label xlink:type="resource" xlink:label="label2639" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AdditionsDueToAcquisition_en-US">Amount of asset retirement obligations incurred during the period due to acquisitions</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2639" xlink:to="label2639" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlan" xlink:label="element2640" />
        <label xlink:type="resource" xlink:label="label2640" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlan_en-US">Discount on shares purchased under Dividend Reinvestment Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2640" xlink:to="label2640" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlan" xlink:label="element2641" />
        <label xlink:type="resource" xlink:label="label2641" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlan_en-US">Number of shares issued during the period from a dividend reinvestment plan (DRIP) as a discount.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2641" xlink:to="label2641" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlan" xlink:label="element2642" />
        <label xlink:type="resource" xlink:label="label2642" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlan_en-US">Discount on shares purchased under Dividend Reinvestment Plan</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2642" xlink:to="label2642" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleBeneficialConversionFeatureBeforeTax" xlink:label="element2643" />
        <label xlink:type="resource" xlink:label="label2643" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DebtInstrumentConvertibleBeneficialConversionFeatureBeforeTax_en-US">Debt Instrument, Convertible, Beneficial Conversion Feature before tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2643" xlink:to="label2643" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleBeneficialConversionFeatureBeforeTax" xlink:label="element2644" />
        <label xlink:type="resource" xlink:label="label2644" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DebtInstrumentConvertibleBeneficialConversionFeatureBeforeTax_en-US">Beneficial Conversion Feature</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2644" xlink:to="label2644" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DebtInstrumentConvertibleBeneficialConversionFeatureBeforeTax" xlink:label="element2645" />
        <label xlink:type="resource" xlink:label="label2645" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DebtInstrumentConvertibleBeneficialConversionFeatureBeforeTax_en-US">Debt Instrument, Convertible, Beneficial Conversion Feature before tax</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2645" xlink:to="label2645" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedUtilitiesMember" xlink:label="element2646" />
        <label xlink:type="resource" xlink:label="label2646" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatedUtilitiesMember_en-US">Regulated utilities [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2646" xlink:to="label2646" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_TradingGroupMember" xlink:label="element2647" />
        <label xlink:type="resource" xlink:label="label2647" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_TradingGroupMember_en-US">Trading group [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2647" xlink:to="label2647" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalCashReceived" xlink:label="element2648" />
        <label xlink:type="resource" xlink:label="label2648" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalCashReceived_en-US">Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Cash Received</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2648" xlink:to="label2648" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalCashReceived" xlink:label="element2649" />
        <label xlink:type="resource" xlink:label="label2649" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalCashReceived_en-US">Cash received for options exercised (or share units converted) into shares.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2649" xlink:to="label2649" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryAssetsEmployeeBenefitAndPostretirementPlans" xlink:label="element2650" />
        <label xlink:type="resource" xlink:label="label2650" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatoryAssetsEmployeeBenefitAndPostretirementPlans_en-US">Regulatory Assets Employee Benefit And Postretirement Plans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2650" xlink:to="label2650" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryAssetsEmployeeBenefitAndPostretirementPlans" xlink:label="element2651" />
        <label xlink:type="resource" xlink:label="label2651" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatoryAssetsEmployeeBenefitAndPostretirementPlans_en-US">Regulatory Assets Employee Benefit And Postretirement Plans</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2651" xlink:to="label2651" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatoryAssetsEmployeeBenefitAndPostretirementPlans" xlink:label="element2652" />
        <label xlink:type="resource" xlink:label="label2652" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RegulatoryAssetsEmployeeBenefitAndPostretirementPlans_en-US">Regulatory Assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2652" xlink:to="label2652" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RetirementAgeForPostRetirementBenefits" xlink:label="element2653" />
        <label xlink:type="resource" xlink:label="label2653" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RetirementAgeForPostRetirementBenefits_en-US">Retirement Age For Post Retirement Benefits</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2653" xlink:to="label2653" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RetirementAgeForPostRetirementBenefits" xlink:label="element2654" />
        <label xlink:type="resource" xlink:label="label2654" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RetirementAgeForPostRetirementBenefits_en-US">Retirement Age For Post Retirement Benefits.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2654" xlink:to="label2654" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RetirementAgeForPostRetirementBenefits" xlink:label="element2655" />
        <label xlink:type="resource" xlink:label="label2655" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RetirementAgeForPostRetirementBenefits_en-US">Retiree age</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2655" xlink:to="label2655" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_UsSubsidiariesMember" xlink:label="element2656" />
        <label xlink:type="resource" xlink:label="label2656" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_UsSubsidiariesMember_en-US">US Subsidiaries [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2656" xlink:to="label2656" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_MedicareAdvantagePlanMember" xlink:label="element2657" />
        <label xlink:type="resource" xlink:label="label2657" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_MedicareAdvantagePlanMember_en-US">Medicare advantage plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2657" xlink:to="label2657" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_HraMedicalPlanMember" xlink:label="element2658" />
        <label xlink:type="resource" xlink:label="label2658" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_HraMedicalPlanMember_en-US">HRA Medical plan [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2658" xlink:to="label2658" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_NetInTransitMember" xlink:label="element2659" />
        <label xlink:type="resource" xlink:label="label2659" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_NetInTransitMember_en-US">Net In Transit [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2659" xlink:to="label2659" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedAssetsAccumulatedOtherComprehensiveIncome" xlink:label="element2660" />
        <label xlink:type="resource" xlink:label="label2660" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatedAssetsAccumulatedOtherComprehensiveIncome_en-US">Regulated assets Accumulated Other Comprehensive Income</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2660" xlink:to="label2660" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedAssetsAccumulatedOtherComprehensiveIncome" xlink:label="element2661" />
        <label xlink:type="resource" xlink:label="label2661" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_RegulatedAssetsAccumulatedOtherComprehensiveIncome_en-US">Regulated assets</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2661" xlink:to="label2661" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedAssetsAccumulatedOtherComprehensiveIncome" xlink:label="element2662" />
        <label xlink:type="resource" xlink:label="label2662" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatedAssetsAccumulatedOtherComprehensiveIncome_en-US">Amount included in accumulated other comprehensive income (AOCI) related to Regulated assets expected to be recognized as components of net periodic benefit cost (credit) for the fiscal year that follows the most recent annual statement of financial position.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2662" xlink:to="label2662" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_LifeInsurancePoliciesMember" xlink:label="element2663" />
        <label xlink:type="resource" xlink:label="label2663" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_LifeInsurancePoliciesMember_en-US">Life insurance policies [Member]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2663" xlink:to="label2663" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelAdjustmentsMechanism" xlink:label="element2664" />
        <label xlink:type="resource" xlink:label="label2664" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_RegulatedFuelAdjustmentsMechanism_en-US">Regulated Fuel Adjustments Mechanism</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2664" xlink:to="label2664" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_RegulatedFuelAdjustmentsMechanism" xlink:label="element2665" />
        <label xlink:type="resource" xlink:label="label2665" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_RegulatedFuelAdjustmentsMechanism_en-US">Regulated fuel adjustments not including any other adjustments related to cost deferrals.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2665" xlink:to="label2665" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmortizationRelatedToUnregulatedLongTermDebt" xlink:label="element2666" />
        <label xlink:type="resource" xlink:label="label2666" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_AmortizationRelatedToUnregulatedLongTermDebt_en-US">Amortization Related to Unregulated Long Term Debt</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2666" xlink:to="label2666" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_AmortizationRelatedToUnregulatedLongTermDebt" xlink:label="element2667" />
        <label xlink:type="resource" xlink:label="label2667" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_AmortizationRelatedToUnregulatedLongTermDebt_en-US">Amortization Related to Unregulated Long Term Debt.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2667" xlink:to="label2667" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodShares" xlink:label="element2668" />
        <label xlink:type="resource" xlink:label="label2668" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_CommonStockIssuedDuringPeriodShares_en-US">Common stock, shares issued</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2668" xlink:to="label2668" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodShares" xlink:label="element2669" />
        <label xlink:type="resource" xlink:label="label2669" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommonStockIssuedDuringPeriodShares_en-US">Common Stock Issued During Period Shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2669" xlink:to="label2669" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodShares" xlink:label="element2670" />
        <label xlink:type="resource" xlink:label="label2670" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_CommonStockIssuedDuringPeriodShares_en-US">Issuance of common stock</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2670" xlink:to="label2670" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodShares" xlink:label="element2671" />
        <label xlink:type="resource" xlink:label="label2671" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CommonStockIssuedDuringPeriodShares_en-US">Common shares issued during the period.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2671" xlink:to="label2671" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodValue" xlink:label="element2672" />
        <label xlink:type="resource" xlink:label="label2672" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xml:lang="en-US" id="verbose_ema_CommonStockIssuedDuringPeriodValue_en-US">Issuance of stock, net of issuance costs</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2672" xlink:to="label2672" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodValue" xlink:label="element2673" />
        <label xlink:type="resource" xlink:label="label2673" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CommonStockIssuedDuringPeriodValue_en-US">Common Stock Issued During Period Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2673" xlink:to="label2673" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodValue" xlink:label="element2674" />
        <label xlink:type="resource" xlink:label="label2674" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_CommonStockIssuedDuringPeriodValue_en-US">Issuance of common shares</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2674" xlink:to="label2674" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CommonStockIssuedDuringPeriodValue" xlink:label="element2675" />
        <label xlink:type="resource" xlink:label="label2675" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_CommonStockIssuedDuringPeriodValue_en-US">Common shares issued during the period in dollars.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2675" xlink:to="label2675" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlanValue" xlink:label="element2676" />
        <label xlink:type="resource" xlink:label="label2676" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlanValue_en-US">Discount on shares purchased under Dividend Reinvestment Plan Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2676" xlink:to="label2676" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlanValue" xlink:label="element2677" />
        <label xlink:type="resource" xlink:label="label2677" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlanValue_en-US">Amount of shares issued during the period from a dividend reinvestment plan (DRIP) as a discount.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2677" xlink:to="label2677" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlanValue" xlink:label="element2678" />
        <label xlink:type="resource" xlink:label="label2678" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xml:lang="en-US" id="Negated_ema_DiscountOnSharesPurchasedUnderDividendReinvestmentPlanValue_en-US">Discount on shares purchased under Dividend Reinvestment Plan Value</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2678" xlink:to="label2678" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_CarbonEmissionReductionTargetsAbstract" xlink:label="element2679" />
        <label xlink:type="resource" xlink:label="label2679" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_CarbonEmissionReductionTargetsAbstract_en-US">Carbon Emission Reduction Targets [Abstract]</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2679" xlink:to="label2679" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PerCentNonEmittingGenerationSources" xlink:label="element2680" />
        <label xlink:type="resource" xlink:label="label2680" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PerCentNonEmittingGenerationSources_en-US">Per Cent Non Emitting Generation Sources</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2680" xlink:to="label2680" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PerCentNonEmittingGenerationSources" xlink:label="element2681" />
        <label xlink:type="resource" xlink:label="label2681" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PerCentNonEmittingGenerationSources_en-US">Per cent non-emitting generation sources</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2681" xlink:to="label2681" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PerCentNonEmittingGenerationSources" xlink:label="element2682" />
        <label xlink:type="resource" xlink:label="label2682" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PerCentNonEmittingGenerationSources_en-US">The targetted percentage of electrical generation from non-emitting sources under Paris Agreement.</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2682" xlink:to="label2682" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PercentCarbonEmissionReduction" xlink:label="element2683" />
        <label xlink:type="resource" xlink:label="label2683" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_PercentCarbonEmissionReduction_en-US">Percent Carbon Emission Reduction</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2683" xlink:to="label2683" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PercentCarbonEmissionReduction" xlink:label="element2684" />
        <label xlink:type="resource" xlink:label="label2684" xlink:role="http://www.xbrl.org/2003/role/documentation" xml:lang="en-US" id="documentation_ema_PercentCarbonEmissionReduction_en-US">Target percentage reduction in carbon emissions under the Paris Agreement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2684" xlink:to="label2684" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_PercentCarbonEmissionReduction" xlink:label="element2685" />
        <label xlink:type="resource" xlink:label="label2685" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_PercentCarbonEmissionReduction_en-US">Canada's target per cent reduction under the Paris Agreement</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2685" xlink:to="label2685" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsRegulatoryAssetsAndLiabilitiesCostOfRemoval" xlink:label="element2686" />
        <label xlink:type="resource" xlink:label="label2686" xlink:role="http://www.xbrl.org/2003/role/label" xml:lang="en-US" id="label_ema_DeferredTaxAssetsRegulatoryAssetsAndLiabilitiesCostOfRemoval_en-US">Deferred Tax Assets, Regulatory Assets and Liabilities Cost of Removal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2686" xlink:to="label2686" />
        <loc xlink:type="locator" xlink:href="ema-20161231.xsd#ema_DeferredTaxAssetsRegulatoryAssetsAndLiabilitiesCostOfRemoval" xlink:label="element2687" />
        <label xlink:type="resource" xlink:label="label2687" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xml:lang="en-US" id="terse_ema_DeferredTaxAssetsRegulatoryAssetsAndLiabilitiesCostOfRemoval_en-US">Regulatory liabilities - cost of removal</label>
        <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="element2687" xlink:to="label2687" />
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<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>15
<FILENAME>ema-20161231_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
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<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6950407904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th">
<div>Dec. 31, 2016 </div>
<div>shares</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_DocumentAndEntityInformationAbstract', window );"><strong>Document and Entity Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">40-F<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
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</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Dec. 31,  2016<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2016<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">FY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_CurrentFiscalYearEndDate', window );">Current Fiscal Year End Date</a></td>
<td class="text">--12-31<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">EMERA INC<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001127248<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<span></span>
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</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityWellKnownSeasonedIssuer', window );">Entity Well-known Seasoned Issuer</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
<td class="text">No<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Accelerated Filer<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">EMA<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember', window );">Common Stock</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">210,024,389<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember', window );">Series A Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">3,864,636<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember', window );">Series B Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">2,135,364<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember', window );">Series C Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">10,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember', window );">Series E Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">5,000,000<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesFPreferredStockMember', window );">Series F Preferred Stock [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="nump">8,000,000<span></span>
</td>
</tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>If the value is true, then the document is an amendment to previously-filed/accepted document.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>End date of current fiscal year in the format --MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CurrentFiscalYearEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gMonthDayItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalPeriodFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:fiscalPeriodItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentFiscalYearFocus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:gYearItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCommonStockSharesOutstanding</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:sharesItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCurrentReportingStatus</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Regulation 12B<br> -Number 240<br> -Section 12b<br> -Subsection 1<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityVoluntaryFilers</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityWellKnownSeasonedIssuer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:yesNoItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_TradingSymbol">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_DocumentAndEntityInformationAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_DocumentAndEntityInformationAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesAPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesCPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesEPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementClassOfStockAxis=us-gaap_SeriesFPreferredStockMember">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementClassOfStockAxis=us-gaap_SeriesFPreferredStockMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>19
<FILENAME>R2.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<body>
<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6950728896">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Income - CAD<br> shares in Millions, CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Operating revenues</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatedOperatingRevenueElectricNonNuclear', window );">Regulated electric</a></td>
<td class="nump">CAD 3,437.0<span></span>
</td>
<td class="nump">CAD 2,141.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatedOperatingRevenueGas', window );">Regulated Gas</a></td>
<td class="nump">499.0<span></span>
</td>
<td class="nump">52.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnregulatedOperatingRevenue', window );">Non-regulated</a></td>
<td class="nump">341.0<span></span>
</td>
<td class="nump">596.0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Revenues', window );">Total operating revenues</a></td>
<td class="nump">4,277.0<span></span>
</td>
<td class="nump">2,789.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpensesAbstract', window );"><strong>Operating expenses</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfDomesticRegulatedElectric', window );">Regulated fuel for generation and purchased power</a></td>
<td class="nump">1,222.0<span></span>
</td>
<td class="nump">815.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfDomesticRegulatedGasRevenue', window );">Regulated cost of natural gas</a></td>
<td class="nump">177.0<span></span>
</td>
<td class="nump">0.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_RegulatedFuelAdjustment', window );">Regulated fuel adjustment</a></td>
<td class="nump">61.0<span></span>
</td>
<td class="nump">42.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_NonRegulatedFuelForGenerationAndPurchasedPower', window );">Non-regulated fuel for generation and purchased power</a></td>
<td class="nump">313.0<span></span>
</td>
<td class="nump">336.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_NonRegulatedDirectCosts', window );">Non-regulated direct costs</a></td>
<td class="nump">29.0<span></span>
</td>
<td class="nump">19.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses', window );">Operating, maintenance and general</a></td>
<td class="nump">1,137.0<span></span>
</td>
<td class="nump">666.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_TaxesExcludingIncomeAndExciseTaxes', window );">Provincial, state, and municipal taxes</a></td>
<td class="nump">195.0<span></span>
</td>
<td class="nump">63.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization', window );">Depreciation and amortization</a></td>
<td class="nump">588.0<span></span>
</td>
<td class="nump">340.0<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostsAndExpenses', window );">Total operating expenses</a></td>
<td class="nump">3,722.0<span></span>
</td>
<td class="nump">2,281.0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Income from operations</a></td>
<td class="nump">555.0<span></span>
</td>
<td class="nump">508.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestments', window );">Income from equity investments</a></td>
<td class="nump">100.0<span></span>
</td>
<td class="nump">108.0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Other income (expenses), net</a></td>
<td class="nump">174.0<span></span>
</td>
<td class="nump">141.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Interest expense, net</a></td>
<td class="num">(585.0)<span></span>
</td>
<td class="num">(212.0)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income before provision for income taxes</a></td>
<td class="nump">244.0<span></span>
</td>
<td class="nump">545.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax expense (recovery)</a></td>
<td class="num">(22.0)<span></span>
</td>
<td class="nump">93.0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">266.0<span></span>
</td>
<td class="nump">452.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest', window );">Non-controlling interest in subsidiaries</a></td>
<td class="nump">11.0<span></span>
</td>
<td class="nump">25.0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income of Emera Incorporated</a></td>
<td class="nump">255.0<span></span>
</td>
<td class="nump">427.0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockDividendsIncomeStatementImpact', window );">Preferred stock dividends</a></td>
<td class="nump">28.0<span></span>
</td>
<td class="nump">30.0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic', window );">Net income attributable to common shareholders</a></td>
<td class="nump">CAD 227.2<span></span>
</td>
<td class="nump">CAD 397.2<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted average shares of common stock outstanding (in millions)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic</a></td>
<td class="nump">171.4<span></span>
</td>
<td class="nump">145.8<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted</a></td>
<td class="nump">172.2<span></span>
</td>
<td class="nump">146.4<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Earnings per common share (note 9)</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic</a></td>
<td class="nump">CAD 1.33<span></span>
</td>
<td class="nump">CAD 2.72<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted</a></td>
<td class="nump">1.32<span></span>
</td>
<td class="nump">2.71<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockDividendsPerShareDeclared', window );">Dividends per common share declared</a></td>
<td class="nump">CAD 1.995<span></span>
</td>
<td class="nump">CAD 1.6625<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_NonRegulatedDirectCosts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Direct costs that are not regulated.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_NonRegulatedDirectCosts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_NonRegulatedFuelForGenerationAndPurchasedPower">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of fuel, and purchased power charged against earnings for the period related to non-regulated operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_NonRegulatedFuelForGenerationAndPurchasedPower</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_RegulatedFuelAdjustment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The regulated fuel adjustment related to the fuel adjustment mechanism ("FAM").</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_RegulatedFuelAdjustment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockDividendsPerShareDeclared">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockDividendsPerShareDeclared</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfDomesticRegulatedElectric">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cost of electricity sold during the reporting period, operations of which is regulated by a federal or state agency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfDomesticRegulatedElectric</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfDomesticRegulatedGasRevenue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cost of generation, transmission, and distribution of [natural] gas, which are regulated by a federal, state, or local government or agency.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostOfDomesticRegulatedGasRevenue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpenses">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total costs of sales and operating expenses for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsAndExpenses</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostsAndExpensesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CostsAndExpensesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=65016374&amp;loc=d3e4984-109258<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(19))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(21))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EarningsPerShareDiluted</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>num:perShareItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 20<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68072869&amp;loc=d3e41242-110953<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(15))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(10))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(13)(f))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (a),(b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Income Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeExpenseNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount of operating interest income (expense).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InterestIncomeExpenseNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Net Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04(18))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Other Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of Net Income (Loss) attributable to noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1377-109256<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NonoperatingIncomeExpense">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NonoperatingIncomeExpense</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net result for the period of deducting operating expenses from operating revenues.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OperatingIncomeLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockDividendsIncomeStatementImpact">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockDividendsIncomeStatementImpact</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatedOperatingRevenueElectricNonNuclear">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of regulated power revenues recognized during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatedOperatingRevenueElectricNonNuclear</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatedOperatingRevenueGas">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of regulated gas operating revenues recognized during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatedOperatingRevenueGas</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Revenues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RevenuesAbstract</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_TaxesExcludingIncomeAndExciseTaxes">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_TaxesExcludingIncomeAndExciseTaxes</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of unregulated operating revenues recognized during the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnregulatedOperatingRevenue</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of operating expense for depreciation and amortization of regulated operation.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.2(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UtilitiesOperatingExpenseDepreciationAndAmortization</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td>duration</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount of operating expenses for the period that are associated with the utility's normal revenue producing operation; including selling, general, and administrative expenses, costs incurred for routine plant repairs and maintenance, and operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1505-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1448-109256<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Weighted-Average Number of Common Shares Outstanding<br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_WeightedAverageNumberOfSharesOutstandingBasic</td>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6948447216">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Comprehensive Income - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract', window );"><strong>Consolidated Statements of Comprehensive Income [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">CAD 266<span></span>
</td>
<td class="nump">CAD 452<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax', window );">Foreign currency translation adjustment</a></td>
<td class="nump">32<span></span>
</td>
<td class="nump">435<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnInvestments', window );">Unrealized gains (losses) on net investment hedges</a></td>
<td class="num">(49)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParentAbstract', window );"><strong>Cash flow hedges</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax', window );">Net derivative gains (losses)</a></td>
<td class="nump">11<span></span>
</td>
<td class="num">(34)<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax', window );">Less: reclassification adjustment for losses (gains) included in income</a></td>
<td class="nump">11<span></span>
</td>
<td class="nump">7<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax', window );">Net effects of cash flow hedges</a></td>
<td class="nump">22<span></span>
</td>
<td class="num">(27)<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesGrossUnrealizedGainAbstract', window );"><strong>Unrealized gains on available-for-sale investment</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax', window );">Unrealized gain (loss) arising during the period</a></td>
<td class="nump">3<span></span>
</td>
<td class="num">(3)<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax', window );">Less: reclassification adjustment for (gains) recognized in income</a></td>
<td class="num">(4)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax', window );">Net unrealized holding gains (losses)</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(3)<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax', window );">Net change in unrecognized pension and post-retirement benefit obligation</a></td>
<td class="nump">12<span></span>
</td>
<td class="nump">107<span></span>
</td>
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<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax', window );">Other equity method reclassification adjustment</a></td>
<td class="num">(46)<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other comprehensive income (loss)</a></td>
<td class="num">(30)<span></span>
</td>
<td class="nump">512<span></span>
</td>
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<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest', window );">Comprehensive income (loss)</a></td>
<td class="nump">236<span></span>
</td>
<td class="nump">964<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest', window );">Comprehensive income (loss) attributable to non-controlling interest</a></td>
<td class="nump">8<span></span>
</td>
<td class="nump">53<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNetOfTax', window );">Comprehensive Income of Emera Incorporated</a></td>
<td class="nump">CAD 228<span></span>
</td>
<td class="nump">CAD 911<span></span>
</td>
</tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount reclassified out of comprehensive income net of tax due to other equity method adjustment.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_OtherComprehensiveIncomeEquityMethodReclassificationNetOfTax</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Other Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831270<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Comprehensive Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831223<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e557-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Net Income<br> -URI http://asc.fasb.org/extlink&amp;oid=51831255<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTax</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4613674-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 20<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569643-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParentAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (b,c)<br> -URI http://asc.fasb.org/extlink&amp;oid=64808268&amp;loc=d3e32211-110900<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66004921&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=73527792&amp;loc=d3e27357-111563<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e689-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e689-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph c<br> -URI http://asc.fasb.org/extlink&amp;oid=64837297&amp;loc=d3e41638-113959<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of reclassification adjustment from accumulated other comprehensive (income) loss related to net period benefit cost (credit) for pension and other postretirement defined benefit plans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6441202&amp;loc=d3e80720-113993<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=64837297&amp;loc=SL5624171-113959<br></p></div>
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<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax</td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax, before reclassification adjustments, of unrealized holding gain (loss) on available-for-sale securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of investments, not including unrealized gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, held at each balance sheet date and included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Comprehensive Income (Parenthetical)<br> CAD in Millions, $ in Billions</strong></div></th>
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<div>Dec. 31, 2016 </div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities and unrealized holding gain (loss) related to transfers of securities into the available-for-sale category and out of the held-to-maturity category accounted for using other equity method.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit), before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 45<br> -Paragraph 20<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=64808268&amp;loc=d3e32211-110900<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax (expense) benefit of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e689-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities and unrealized holding gain (loss) related to transfers of securities into the available-for-sale category and out of the held-to-maturity category.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit), after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph c<br> -URI http://asc.fasb.org/extlink&amp;oid=64837297&amp;loc=d3e41638-113959<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 10A<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669646-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6951078736">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets - CAD<br> CAD in Thousands</strong></div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsAndShortTermInvestments', window );">Cash and cash equivalents</a></td>
<td class="nump">CAD 404,000<span></span>
</td>
<td class="nump">CAD 1,073,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue', window );">Restricted cash</a></td>
<td class="nump">87,000<span></span>
</td>
<td class="nump">19,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesNetCurrent', window );">Receivables, net</a></td>
<td class="nump">1,014,000<span></span>
</td>
<td class="nump">578,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesReceivable', window );">Income taxes receivable</a></td>
<td class="nump">33,000<span></span>
</td>
<td class="nump">12,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventory</a></td>
<td class="nump">472,000<span></span>
</td>
<td class="nump">314,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedges', window );">Derivative instruments</a></td>
<td class="nump">145,000<span></span>
</td>
<td class="nump">250,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsCurrent', window );">Regulatory assets</a></td>
<td class="nump">80,000<span></span>
</td>
<td class="nump">94,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Other current assets</a></td>
<td class="nump">276,000<span></span>
</td>
<td class="nump">256,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
<td class="nump">2,511,000<span></span>
</td>
<td class="nump">2,596,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property, plant and equipment, net of accumulated depreciation and amortization of $7,787and $3,737, respectively</a></td>
<td class="nump">17,290,000<span></span>
</td>
<td class="nump">6,469,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrentAbstract', window );"><strong>Other assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxesReceivableNoncurrent', window );">Income taxes receivable</a></td>
<td class="nump">48,000<span></span>
</td>
<td class="nump">49,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsNetNoncurrent', window );">Deferred income taxes</a></td>
<td class="nump">125,000<span></span>
</td>
<td class="nump">32,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgesNoncurrent', window );">Derivative instruments</a></td>
<td class="nump">131,000<span></span>
</td>
<td class="nump">168,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent', window );">Pension and post-retirement assets</a></td>
<td class="nump">9,000<span></span>
</td>
<td class="nump">9,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsNoncurrent', window );">Regulatory assets</a></td>
<td class="nump">1,242,000<span></span>
</td>
<td class="nump">605,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesNoncurrent', window );">Net investment in direct financing lease</a></td>
<td class="nump">488,000<span></span>
</td>
<td class="nump">480,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestments', window );">Investments subject to significant influence</a></td>
<td class="nump">947,000<span></span>
</td>
<td class="nump">1,145,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AvailableForSaleSecuritiesNoncurrent', window );">Available-for-sale investment</a></td>
<td class="nump">48,000<span></span>
</td>
<td class="nump">116,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">6,213,000<span></span>
</td>
<td class="nump">264,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsMiscellaneousNoncurrent', window );">Other long term assets</a></td>
<td class="nump">169,000<span></span>
</td>
<td class="nump">106,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Total other assets</a></td>
<td class="nump">9,420,000<span></span>
</td>
<td class="nump">2,974,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
<td class="nump">29,221,000<span></span>
</td>
<td class="nump">12,039,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowings', window );">Short-term debt</a></td>
<td class="nump">961,000<span></span>
</td>
<td class="nump">16,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current portion of long-term debt</a></td>
<td class="nump">476,000<span></span>
</td>
<td class="nump">274,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
<td class="nump">1,242,000<span></span>
</td>
<td class="nump">394,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedIncomeTaxesCurrent', window );">Income taxes payable</a></td>
<td class="nump">19,000<span></span>
</td>
<td class="nump">8,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgesLiabilities', window );">Derivative instruments</a></td>
<td class="nump">325,000<span></span>
</td>
<td class="nump">349,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityCurrent', window );">Regulatory liabilities</a></td>
<td class="nump">362,000<span></span>
</td>
<td class="nump">112,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities', window );">Pension and post-retirement liabilities</a></td>
<td class="nump">58,000<span></span>
</td>
<td class="nump">7,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesCurrent', window );">Other current liabilities</a></td>
<td class="nump">281,000<span></span>
</td>
<td class="nump">207,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
<td class="nump">3,724,000<span></span>
</td>
<td class="nump">1,367,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrentAbstract', window );"><strong>Long-term liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term debt</a></td>
<td class="nump">14,268,000<span></span>
</td>
<td class="nump">3,735,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred income taxes</a></td>
<td class="nump">1,672,000<span></span>
</td>
<td class="nump">762,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConvertibleDebtNoncurrent', window );">Convertible debentures (2015 represented by instalment receipts)</a></td>
<td class="nump">8,000<span></span>
</td>
<td class="nump">681,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent', window );">Derivative instruments</a></td>
<td class="nump">150,000<span></span>
</td>
<td class="nump">96,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryLiabilityNoncurrent', window );">Regulatory liabilities</a></td>
<td class="nump">1,277,000<span></span>
</td>
<td class="nump">353,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsNoncurrent', window );">Asset retirement obligations</a></td>
<td class="nump">170,000<span></span>
</td>
<td class="nump">109,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent', window );">Pension and post-retirement liabilities</a></td>
<td class="nump">669,000<span></span>
</td>
<td class="nump">303,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrent', window );">Other long-term liabilities</a></td>
<td class="nump">467,000<span></span>
</td>
<td class="nump">299,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesNoncurrent', window );">Total long-term liabilities</a></td>
<td class="nump">18,681,000<span></span>
</td>
<td class="nump">6,338,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract', window );"><strong>Equity</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock</a></td>
<td class="nump">4,738,000<span></span>
</td>
<td class="nump">2,157,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Cumulative preferred stock</a></td>
<td class="nump">709,000<span></span>
</td>
<td class="nump">709,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapital', window );">Contributed surplus</a></td>
<td class="nump">75,000<span></span>
</td>
<td class="nump">29,000<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive Income</a></td>
<td class="nump">106,000<span></span>
</td>
<td class="nump">137,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="nump">1,076,000<span></span>
</td>
<td class="nump">1,168,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total Emera Incorporated equity</a></td>
<td class="nump">6,704,000<span></span>
</td>
<td class="nump">4,200,000<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterest', window );">Non-controlling interest in subsidiaries</a></td>
<td class="nump">112,000<span></span>
</td>
<td class="nump">134,000<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total equity</a></td>
<td class="nump">6,816,000<span></span>
</td>
<td class="nump">4,334,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and equity</a></td>
<td class="nump">CAD 29,221,000<span></span>
</td>
<td class="nump">CAD 12,039,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccountsPayableCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedIncomeTaxesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(15)(b)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(20))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(15)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccruedIncomeTaxesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e681-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14A<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669686-108580<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdditionalPaidInCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetRetirementObligationsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 410<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetRetirementObligationsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(12))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Assets</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6801-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AssetsCurrentAbstract</td>
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<td><strong> Period Type:</strong></td>
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</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Investments in debt and equity securities which are categorized neither as held-to-maturity nor trading and which are intended to be sold or mature more than one year from the balance sheet date or operating cycle, if longer. Such securities are reported at fair value; unrealized gains (losses) related to Available-for-sale Securities are excluded from earnings and reported in a separate component of shareholders' equity (other comprehensive income), unless the Available-for-sale security is designated as a hedge or is determined to have had an other than temporary decline in fair value below its amortized cost basis. All or a portion of the unrealized holding gain (loss) of an Available-for-sale security that is designated as being hedged in a fair value hedge is recognized in earnings during the period of the hedge, as are other than temporary declines in fair value below the cost basis for investments in equity securities and debt securities that an entity intends to sell or it is more likely than not that it will be required to sell before the recovery of its amortized cost basis. Other than temporary declines in fair value below the cost basis for debt securities categorized as Available-for-sale that an entity does not intend to sell and for which it is not more likely than not that the entity will be required to sell before the recovery of its amortized cost basis are bifurcated into credit losses and losses related to all other factors. Other than temporary declines in fair value below cost basis related to credit losses are recognized in earnings, and losses related to all other factors are recognized in other comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Available-for-Sale Securities<br> -URI http://asc.fasb.org/extlink&amp;oid=6505594<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66010992&amp;loc=d3e26626-111562<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AvailableForSaleSecuritiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net amount due after one year of the balance sheet date or beyond the normal operating cycle, if longer, consisting of: (a) minimum lease payments due on direct financing leases, (b) unguaranteed residual value, and (c) any unamortized initial direct costs; less: (i) executory costs, (ii) unearned income, and (iii) the accumulated allowance for uncollectible minimum lease payments.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=25496975&amp;loc=d3e45377-112738<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CapitalLeasesLessorBalanceSheetNetInvestmentInDirectFinancingLeasesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash Equivalents<br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash<br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsAndShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.(a),19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 450<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=25496072&amp;loc=d3e14326-108349<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.25)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommitmentsAndContingencies</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CommonStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ConvertibleDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount of long-term convertible debt as of the balance sheet date, net of the amount due in the next twelve months or greater than the normal operating cycle, if longer. The debt is convertible into another form of financial instrument, typically the entity's common stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConvertibleDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsNetNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32537-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31931-109318<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31928-109318<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31958-109318<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31917-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxAssetsNetNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31931-109318<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31958-109318<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e31917-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredTaxLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65897934&amp;loc=d3e1928-114920<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64852052&amp;loc=d3e1703-114919<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedges">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of the asset arising from derivative instruments and hedging activities, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedges</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgesLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Sum as of the balance sheet date of the (a) fair values of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, and (b) the carrying amounts of the liabilities arising from financial instruments or contracts used to mitigate a specified risk (hedge), and which are expected to be extinguished or otherwise disposed of within a year or the normal operating cycle, if longer, net of the effects of master netting arrangements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgesLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of liability arising from contracts that meet the criteria of being accounted for as derivative instruments, financial instrument or contract used to mitigate a specified risk (hedge), energy marketing activities (trading activities), expected to be settled after one year or beyond the normal operating cycle, if longer. Examples of energy marketing activities include, but are not limited to, trading of electricity, coal, natural gas and oil using financial instruments, including, but not limited to, forward contracts, options and swaps.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=73719730&amp;loc=d3e13495-108611<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41271-113958<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6945355&amp;loc=d3e41228-113958<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 825<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=73719730&amp;loc=d3e13433-108611<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgesLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DerivativeInstrumentsAndHedgesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of the assets arising from derivative contracts and hedging activities, which are expected to be converted into cash or otherwise disposed of after a year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativeInstrumentsAndHedgesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66022249&amp;loc=d3e33749-111570<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=64834752&amp;loc=SL49117168-202975<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Goodwill</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesReceivable">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.5(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.3(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.10)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesReceivable</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxesReceivableNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount due after one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(17))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(5)(c))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxesReceivableNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 35<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=68049868&amp;loc=d3e3927-108312<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6676-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_InventoryNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(32))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesAndStockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesCurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of obligation due after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 201.5-02(26))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(23))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 201.5-02(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 201.5-02(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LiabilitiesNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_LongTermDebtNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(24))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of current assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsMiscellaneousNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of other miscellaneous assets expected to be realized or consumed after one year or normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsMiscellaneousNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of noncurrent assets classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrentAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherAssetsNoncurrentAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities classified as other, due within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6904-107765<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=28358313&amp;loc=d3e6911-107765<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLiabilitiesCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>For a classified balance sheet, the amount recognized in balance sheet as a current liability associated with an underfunded defined benefit plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Current Liabilities<br> -URI http://asc.fasb.org/extlink&amp;oid=6509677<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64852052&amp;loc=d3e1703-114919<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65897934&amp;loc=d3e1928-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65897934&amp;loc=d3e2417-114920<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64852052&amp;loc=d3e1703-114919<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=65897934&amp;loc=d3e1928-114920<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 715<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=65897934&amp;loc=d3e2410-114920<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(14))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PropertyPlantAndEquipmentNet</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ReceivablesNetCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.6-06(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488278&amp;loc=d3e604059-122996<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ReceivablesNetCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAssetsCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are expected to be recovered through revenue sources within one year or the normal operating cycle, if longer. Such costs are capitalized if they meet both of the following criteria: a. It is probable that future revenue in an amount at least equal to the capitalized cost will result from inclusion of that cost in allowable costs for rate-making purposes. b. Based on available evidence, the future revenue will be provided to permit recovery of the previously incurred cost rather than to provide for expected levels of similar future costs. If the revenue will be provided through an automatic rate-adjustment clause, this criterion requires that the regulator's intent clearly be to permit recovery of the previously incurred cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 340<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6499975&amp;loc=d3e44250-110382<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAssetsCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryAssetsNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are not expected to be recovered through revenue sources within one year or the normal operating cycle if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 340<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6499975&amp;loc=d3e44250-110382<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryAssetsNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryLiabilityCurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for the individual regulatory current liability as itemized in a table of regulatory current liabilities as of the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 980<br> -SubTopic 405<br> -Section 25<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6500807&amp;loc=d3e48068-110394<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryLiabilityCurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RegulatoryLiabilityNoncurrent">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The amount for the individual regulatory noncurrent liability as itemized in a table of regulatory noncurrent liabilities as of the end of the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.24)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RegulatoryLiabilityNoncurrent</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. For a classified balance sheet represents the current portion only (the noncurrent portion has a separate concept); there is a separate and distinct element for unclassified presentations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30)(a)(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RetainedEarningsAccumulatedDeficit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermBorrowings">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(19)(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(13))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(16)(a)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ShortTermBorrowings</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74512-122707<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract</td>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856112960">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfFinancialPositionAbstract', window );"><strong>Consolidated Balance Sheets [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment', window );">Accumulated depreciation on property, plant and equipment</a></td>
<td class="nump">CAD 7,787<span></span>
</td>
<td class="nump">CAD 3,737<span></span>
</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 360<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.14)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<body>
<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6952485232">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Cash Flows - CAD<br> CAD in Millions</strong></div></th>
<th class="th" colspan="2">12 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Dec. 31, 2016</div></th>
<th class="th"><div>Dec. 31, 2015</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Operating activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">CAD 266<span></span>
</td>
<td class="nump">CAD 452<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to net cash provided by operating activities:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_UtilitiesOperatingExpenseDepreciationAndAmortization1', window );">Depreciation and amortization</a></td>
<td class="nump">593<span></span>
</td>
<td class="nump">352<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions', window );">Income from equity investments, net of dividends</a></td>
<td class="num">(59)<span></span>
</td>
<td class="num">(34)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction', window );">Allowance for equity funds used during construction</a></td>
<td class="num">(22)<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxExpenseBenefit', window );">Deferred income taxes, net</a></td>
<td class="num">(67)<span></span>
</td>
<td class="nump">20<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations', window );">Net change in pension and post-retirement obligations</a></td>
<td class="nump">13<span></span>
</td>
<td class="nump">37<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_RegulatedFuelAdjustmentsMechanism', window );">Regulated Fuel Adjustments Mechanism</a></td>
<td class="nump">63<span></span>
</td>
<td class="nump">39<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UnrealizedGainLossOnDerivatives', window );">Net changes in fair value of derivative instruments</a></td>
<td class="nump">258<span></span>
</td>
<td class="nump">96<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities', window );">Net change in regulatory assets and liabilities</a></td>
<td class="num">(25)<span></span>
</td>
<td class="num">(6)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_IncreaseDecreaseInCapitalizedTransportationCapacity', window );">Net change in capitalized transportation capacity</a></td>
<td class="nump">33<span></span>
</td>
<td class="num">(133)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax', window );">Foreign exchange loss (gain)</a></td>
<td class="nump">43<span></span>
</td>
<td class="num">(27)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_GainLossSaleCommonSharesConversionSubscriptionReceipts', window );">Gain on APUC sale of common shares and conversion of subscription receipts</a></td>
<td class="num">(223)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromOtherOperatingActivities', window );">Proceeds from Other Operating Activities</a></td>
<td class="nump">46<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForOtherOperatingActivities', window );">Payments for Other Operating Activities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(18)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapital', window );">Changes in non-cash working capital</a></td>
<td class="nump">134<span></span>
</td>
<td class="num">(102)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations', window );">Net cash provided by operating activities</a></td>
<td class="nump">1,053<span></span>
</td>
<td class="nump">674<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Investing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired', window );">Acquisition, net of cash acquired</a></td>
<td class="num">(8,409)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Additions to property, plant and equipment</a></td>
<td class="num">(1,031)<span></span>
</td>
<td class="num">(427)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireEquityMethodInvestments', window );">Purchase of investments subject to significant influence, inclusive of acquisition costs (note 15)</a></td>
<td class="num">(276)<span></span>
</td>
<td class="num">(136)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleOfEquityMethodInvestments', window );">Net proceeds on sale of investment subject to significant influence</a></td>
<td class="nump">665<span></span>
</td>
<td class="nump">282<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries', window );">Proceeds on distribution from investment subject to significant influence</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">179<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities', window );">Other investing activities</a></td>
<td class="num">(54)<span></span>
</td>
<td class="num">(22)<span></span>
</td>
</tr>
<tr class="rou">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations', window );">Net cash used in investing activities</a></td>
<td class="num">(9,105)<span></span>
</td>
<td class="num">(124)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Financing activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfShortTermDebt', window );">Change in short-term debt, net</a></td>
<td class="nump">118<span></span>
</td>
<td class="num">(262)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt', window );">Proceeds from long-term debt</a></td>
<td class="nump">6,423<span></span>
</td>
<td class="nump">446<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromConvertibleDebt', window );">Proceeds from convertible debentures, net of issuance costs (2015 represented by instalment receipts)</a></td>
<td class="nump">1,413<span></span>
</td>
<td class="nump">681<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Retirement of long-term debt</a></td>
<td class="num">(273)<span></span>
</td>
<td class="num">(90)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermLinesOfCredit', window );">Net repayments under committed credit facilities</a></td>
<td class="num">(315)<span></span>
</td>
<td class="num">(201)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Issuance of common stock, net of issuance costs</a></td>
<td class="nump">354<span></span>
</td>
<td class="nump">9<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsCommonStock', window );">Dividends on common stock</a></td>
<td class="num">(221)<span></span>
</td>
<td class="num">(162)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock', window );">Dividends on preferred stock</a></td>
<td class="num">(28)<span></span>
</td>
<td class="num">(30)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsOfDividendsMinorityInterest', window );">Dividends paid by subsidiaries to non-controlling interest</a></td>
<td class="num">(5)<span></span>
</td>
<td class="num">(14)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock', window );">Redemption of preferred shares by subsidiary</a></td>
<td class="nump">0<span></span>
</td>
<td class="num">(135)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities', window );">Other financing activities</a></td>
<td class="num">(18)<span></span>
</td>
<td class="num">(21)<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations', window );">Net cash provided by financing activities</a></td>
<td class="nump">7,448<span></span>
</td>
<td class="nump">221<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents', window );">Effect of exchange rate changes on cash and cash equivalents</a></td>
<td class="num">(65)<span></span>
</td>
<td class="nump">81<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase (decrease) in cash and cash equivalents</a></td>
<td class="num">(669)<span></span>
</td>
<td class="nump">852<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsAndShortTermInvestments', window );">Cash and cash equivalents, beginning of period</a></td>
<td class="nump">1,073<span></span>
</td>
<td class="nump">221<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsAndShortTermInvestments', window );">Cash and cash equivalents, end of period</a></td>
<td class="nump">404<span></span>
</td>
<td class="nump">1,073<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAbstract', window );"><strong>Cash and cash equivalents consists of:</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashCashEquivalentsAndShortTermInvestments', window );">Cash and cash equivalents</a></td>
<td class="nump">CAD 404<span></span>
</td>
<td class="nump">CAD 221<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_GainLossSaleCommonSharesConversionSubscriptionReceipts">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The gain or loss of sale of common shares and conversion of subscription receipts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_GainLossSaleCommonSharesConversionSubscriptionReceipts</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_IncreaseDecreaseInCapitalizedTransportationCapacity">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) in capitalized transportation capacity</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_IncreaseDecreaseInCapitalizedTransportationCapacity</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_RegulatedFuelAdjustmentsMechanism">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Regulated fuel adjustments not including any other adjustments related to cost deferrals.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_RegulatedFuelAdjustmentsMechanism</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_UtilitiesOperatingExpenseDepreciationAndAmortization1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Discloses the amount of operating expense for the period related to depreciation, amortization, regulatory amortization, and deferred financing costs.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_UtilitiesOperatingExpenseDepreciationAndAmortization1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=49171198&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashCashEquivalentsAndShortTermInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the customer may deposit additional funds at any time and effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid Investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Short-term investments, exclusive of cash equivalents, generally consist of marketable securities intended to be sold within one year (or the normal operating cycle if longer) and may include trading securities, available-for-sale securities, or held-to-maturity securities (if maturing within one year), as applicable.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash Equivalents<br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash<br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.1)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashCashEquivalentsAndShortTermInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredIncomeTaxExpenseBenefit">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Deferred Tax Expense (or Benefit)<br> -URI http://asc.fasb.org/extlink&amp;oid=63044130<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32639-109319<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(h))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=34349781&amp;loc=d3e330036-122817<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DeferredIncomeTaxExpenseBenefit</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=49171198&amp;loc=d3e33268-110906<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ForeignCurrencyTransactionGainLossBeforeTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30700-110894<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64836518&amp;loc=d3e30690-110894<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ForeignCurrencyTransactionGainLossBeforeTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the undistributed income (or loss) of equity method investments, net of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporations; such investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the capitalized cost of equity (based on assumed rate of return) and / or borrowed funds (based on interest rate) used to finance construction of regulated assets, which is expected to be recovered through rate adjustments. As a result of this capitalization, net income is increased. This element pertains to certain regulated industries, such as public utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInAllowanceForEquityFundsUsedDuringConstruction</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapital">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period of all assets and liabilities used in operating activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInOperatingCapital</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the amount due to fund pension and non-pension benefits to employees, retired and disabled former employees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The increase (decrease) during the reporting period in the value of assets that are created when regulatory agencies permits public utilities to defer costs (revenues) to the balance sheet. This element is a the increase (decrease) of regulatory assets and liabilities combined.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncreaseDecreaseInRegulatoryAssetsAndLiabilities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3574-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 26<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3574-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3521-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForOtherOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow for operating activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForOtherOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForProceedsFromOtherInvestingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash (inflow) outflow from investing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3098-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3095-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsForProceedsFromOtherInvestingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividendsCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsMinorityInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividendsMinorityInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash outflow in the form of ordinary dividends to preferred shareholders of the parent entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the purchase of or advances to an equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquireEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 13<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3213-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromConvertibleDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromConvertibleDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the deconsolidation of a previously consolidated subsidiary or the sale of investment in consolidated subsidiaries (generally greater than 50 percent).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3179-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfCommonStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from the additional capital contribution to the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3255-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfCommonStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3255-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromIssuanceOfLongTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromOtherOperatingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow from operating activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3536-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromOtherOperatingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of cash inflow (outflow) from financing activities classified as other.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3095-108585<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3098-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromPaymentsForOtherFinancingActivities</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRepaymentsOfShortTermDebt">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3098-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromRepaymentsOfShortTermDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash inflows (outflows) from issuing and redeeming redeemable preferred stock; includes convertible and nonconvertible redeemable preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromRepurchaseOfRedeemablePreferredStock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleOfEquityMethodInvestments">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Investing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3179-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProceedsFromSaleOfEquityMethodInvestments</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_RepaymentsOfLongTermDebt</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Financing Activities<br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3291-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_UnrealizedGainLossOnDerivatives">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=66902209&amp;loc=d3e3602-108585<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_UnrealizedGainLossOnDerivatives</td>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6951676416">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Consolidated Statements of Changes in Equity - CAD<br> CAD in Millions</strong></div></th>
<th class="th"><div>Total</div></th>
<th class="th"><div>Emera Inc</div></th>
<th class="th"><div>Common Stock</div></th>
<th class="th"><div>Preferred Stock</div></th>
<th class="th"><div>Contributed Surplus</div></th>
<th class="th"><div>Accumulated Other Comprehensive Loss ("AOCL")</div></th>
<th class="th"><div>Retained Earnings</div></th>
<th class="th"><div>Non- Controlling Interest</div></th>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2014</a></td>
<td class="nump">CAD 3,705<span></span>
</td>
<td class="nump">CAD 3,399<span></span>
</td>
<td class="nump">CAD 2,016<span></span>
</td>
<td class="nump">CAD 709<span></span>
</td>
<td class="nump">CAD 9<span></span>
</td>
<td class="num">CAD (347)<span></span>
</td>
<td class="nump">CAD 1,012<span></span>
</td>
<td class="nump">CAD 306<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">452<span></span>
</td>
<td class="nump">427<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">427<span></span>
</td>
<td class="nump">25<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other Comprehensive Income (Loss), Net of Tax</a></td>
<td class="nump">512<span></span>
</td>
<td class="nump">484<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">484<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">28<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">84<span></span>
</td>
<td class="nump">84<span></span>
</td>
<td class="nump">84<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStockCash', window );">Cash dividends declared on preferred stock</a></td>
<td class="num">(30)<span></span>
</td>
<td class="num">(30)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(30)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStockCash', window );">Cash dividends declared on common stock</a></td>
<td class="num">(240)<span></span>
</td>
<td class="num">(240)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(240)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan', window );">Stock Issued During Period, Value, Employee Contributions and Dividend Reinvestment Plan</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">84<span></span>
</td>
<td class="nump">84<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(3)<span></span>
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<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition', window );">Stock option expense</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Common stock issued under purchase plan</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
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<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature', window );">Beneficial conversion feature, net of tax (note 9)</a></td>
<td class="nump">0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest', window );">Preferred dividends paid by subsidiaries to non-controlling interest</a></td>
<td class="num">(12)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(12)<span></span>
</td>
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<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_DividendPaidBySubsidiariesToNonControllingInterest', window );">Common Dividends paid by subsidiaries to non-controlling interest</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(3)<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockRedemptionPremium', window );">Redemption of preferred shares by subsidiary</a></td>
<td class="num">(132)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(132)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_AcquisitionNonControllingInterest', window );">Acquisition Non Controlling Interest</a></td>
<td class="num">(5)<span></span>
</td>
<td class="nump">73<span></span>
</td>
<td class="nump">54<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">19<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(78)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinorityInterestDecreaseFromRedemptions', window );">Equity Method Investment</a></td>
<td class="num">(1)<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityOther', window );">Other</a></td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2015</a></td>
<td class="nump">4,334<span></span>
</td>
<td class="nump">4,200<span></span>
</td>
<td class="nump">2,157<span></span>
</td>
<td class="nump">709<span></span>
</td>
<td class="nump">29<span></span>
</td>
<td class="nump">137<span></span>
</td>
<td class="nump">1,168<span></span>
</td>
<td class="nump">134<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
<td class="nump">266<span></span>
</td>
<td class="nump">255<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">255<span></span>
</td>
<td class="nump">11<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax', window );">Other Comprehensive Income (Loss), Net of Tax</a></td>
<td class="num">(30)<span></span>
</td>
<td class="num">(27)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(27)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueNewIssues', window );">Issuance of stock, net of issuance costs</a></td>
<td class="nump">2,450<span></span>
</td>
<td class="nump">2,450<span></span>
</td>
<td class="nump">2,450<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsPreferredStockCash', window );">Cash dividends declared on preferred stock</a></td>
<td class="num">(28)<span></span>
</td>
<td class="num">(28)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(28)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DividendsCommonStockCash', window );">Cash dividends declared on common stock</a></td>
<td class="num">(324)<span></span>
</td>
<td class="num">(324)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(324)<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan', window );">Stock Issued During Period, Value, Employee Contributions and Dividend Reinvestment Plan</a></td>
<td class="nump">110<span></span>
</td>
<td class="nump">110<span></span>
</td>
<td class="nump">110<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Senior management stock options exercised</a></td>
<td class="nump">16<span></span>
</td>
<td class="nump">16<span></span>
</td>
<td class="nump">17<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(1)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition', window );">Stock option expense</a></td>
<td class="nump">2<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">2<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan', window );">Common stock issued under purchase plan</a></td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">1<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature', window );">Beneficial conversion feature, net of tax (note 9)</a></td>
<td class="nump">43<span></span>
</td>
<td class="nump">43<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">43<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest', window );">Preferred dividends paid by subsidiaries to non-controlling interest</a></td>
<td class="num">(3)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(3)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_DividendPaidBySubsidiariesToNonControllingInterest', window );">Common Dividends paid by subsidiaries to non-controlling interest</a></td>
<td class="num">(2)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(2)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_AcquisitionNonControllingInterest', window );">Acquisition Non Controlling Interest</a></td>
<td class="num">(15)<span></span>
</td>
<td class="nump">10<span></span>
</td>
<td class="nump">3<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">7<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(25)<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityOther', window );">Other</a></td>
<td class="num">(4)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="nump">0<span></span>
</td>
<td class="num">(5)<span></span>
</td>
<td class="num">(4)<span></span>
</td>
<td class="nump">5<span></span>
</td>
<td class="nump">0<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Balance at Dec. 31, 2016</a></td>
<td class="nump">CAD 6,816<span></span>
</td>
<td class="nump">CAD 6,704<span></span>
</td>
<td class="nump">CAD 4,738<span></span>
</td>
<td class="nump">CAD 709<span></span>
</td>
<td class="nump">CAD 75<span></span>
</td>
<td class="nump">CAD 106<span></span>
</td>
<td class="nump">CAD 1,076<span></span>
</td>
<td class="nump">CAD 112<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_AcquisitionNonControllingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Acquisition of non-controlling interest</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_AcquisitionNonControllingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_DividendPaidBySubsidiariesToNonControllingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Common dividends paid by subsidiaries to non-controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_DividendPaidBySubsidiariesToNonControllingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Preferred dividends paid by subsidiaries to non controlling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_PreferredDividendPaidBySubsidiariesToNonControllingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued during the period for employee contributions to stock purchase plan and from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">ema_StockIssuedDuringPeriodValueEmployeeContributionsAndDividendReinvestmentPlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>ema_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents the amount of recognized equity-based compensation related to stock options during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of a favorable spread to a debt holder between the amount of debt being converted and the value of the securities received upon conversion. This is an embedded conversion feature of convertible debt issued that is in-the-money at the commitment date.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21538-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Beneficial Conversion Feature<br> -URI http://asc.fasb.org/extlink&amp;oid=6505963<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsCommonStockCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid common stock dividends declared with the form of settlement in cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsCommonStockCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DividendsPreferredStockCash">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of paid and unpaid preferred stock dividends declared with the form of settlement in cash.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 405<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6957935&amp;loc=d3e64057-112817<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DividendsPreferredStockCash</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinorityInterestDecreaseFromRedemptions">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Decrease in noncontrolling interest (for example, but not limited to, redeeming or purchasing the interests of noncontrolling shareholders, issuance of shares (interests) by the non-wholly owned subsidiary to the parent entity for other than cash, and a buyback of shares (interest) by the non-wholly owned subsidiary from the noncontrolling interests).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 23<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569655-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 24<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4616395-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_MinorityInterestDecreaseFromRedemptions</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTax">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax and reclassification adjustments of other comprehensive income (loss).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1B<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669625-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 55<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66004921&amp;loc=d3e1436-108581<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_OtherComprehensiveIncomeLossNetOfTax</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockRedemptionPremium">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The excess of (1) fair value of the consideration transferred to the holders of the preferred stock over (2) the carrying amount of the preferred stock in the registrant's balance sheet, during the accounting period.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=27010884&amp;loc=d3e42851-122695<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_PreferredStockRedemptionPremium</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>debit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProfitLoss">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4K<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591552-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4569616-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (c)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4J<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4591551-111686<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate change in value for stock issued during the period as a result of employee stock purchase plan.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueEmployeeStockPurchasePlan</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueNewIssues">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueNewIssues</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Value of stock issued as a result of the exercise of stock options.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.29-31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 55<br> -Paragraph 4I<br> -URI http://asc.fasb.org/extlink&amp;oid=65897068&amp;loc=SL4590271-111686<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568740-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=SL4568447-111683<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquityOther">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>This element represents movements included in the statement of changes in stockholders' equity which are not separately disclosed or provided for elsewhere in the taxonomy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_StockholdersEquityOther</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Consolidated Statements of Changes in Equity (Parenthetical) - CAD / shares<br></strong></div></th>
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<tr>
<th class="th"><div>Dec. 31, 2016</div></th>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of common stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Aggregate dividends declared during the period for each share of preferred stock outstanding.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
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<DOCUMENT>
<TYPE>XML
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<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876793456">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text">&#160;<span></span>
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<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >1.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The significant accounting policies for both the regulated and non-regulated operations of Emera </font><font style='font-family:Arial;font-size:10pt;' >Incorporated are as follows:</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Nature of Operations</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera Incorporated</font><font style='font-family:Arial;font-size:10pt;' > (&#8220;Emera&#8221; or the &#8220;Company&#8221;)</font><font style='font-family:Arial;font-size:10pt;' > is an energy and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services.  </font></p><p style='text-align:left;line-height:13.8pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s primary rate-regulated subsidiaries and investments at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >included the following: </font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Florida and New Mexico represents TECO Energy, Inc. (&#8220;TECO Energy&#8221;), a holding company with regulated electric and gas utilities in Florida and New </font><font style='font-family:Arial;font-size:10pt;' >Mexico, which was acquired on July 1, 2016. TECO Energy&#8217;s holdings includes: </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Tampa Electric Company (&#8220;TEC&#8221;), which holds the Tampa Electric Division (&#8220;Tampa Electric&#8221;), an integrated regulated electric utility, serving approximately </font><font style='font-family:Arial;font-size:10pt;' >736,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers in West Central Florida and Peoples Gas System Division, (&#8220;PGS&#8221;) a regulated gas distribution utility, serving approximately </font><font style='font-family:Arial;font-size:10pt;' >374,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers across Florida; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >New Mexico Gas Company, Inc. (&#8220;NMGC&#8221;), a regulated gas distribution </font><font style='font-family:Arial;font-size:10pt;' >utility, serving approximately </font><font style='font-family:Arial;font-size:10pt;' >522,000</font><font style='font-family:Arial;font-size:10pt;' > customers across New Mexico; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >TECO Finance, Inc. (&#8220;TECO Finance&#8221;), a wholly owned financing subsidiary of TECO Energy.</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Nova Scotia Power Inc. (&#8220;NSPI&#8221;), a fully integrated electric utility and the prima</font><font style='font-family:Arial;font-size:10pt;' >ry electricity supplier in Nova Scotia, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 511,000</font><font style='font-family:Arial;font-size:10pt;' > customers;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Maine provides electric transmission and distribution services to approximately</font><font style='font-family:Arial;font-size:10pt;' > 157,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers in the State of Maine in the United States</font><font style='font-family:Arial;font-size:10pt;' >; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera (Caribbean) Incorporated (&#8220;ECI&#8221;) </font><font style='font-family:Arial;font-size:10pt;' >100.0</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent interest (December 31, 2015 &#8211; 95.5 per cent) includes:</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >The Barbados Light &amp; Power Company Limited (&#8220;BLPC&#8221;), a vertically integrated utility and sole provider of electricity on the islan</font><font style='font-family:Arial;font-size:10pt;' >d of Barbados, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 126,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >50.0</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent direct and </font><font style='font-family:Arial;font-size:10pt;' >30.4</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent indirect interest (through a 60.7 per cent interest in ICD Utilities Limited (&#8220;ICDU&#8221;)) in Grand Ba</font><font style='font-family:Arial;font-size:10pt;' >hama Power Company Limited (&#8220;GBPC&#8221;), a vertically integrated utility and sole provider of electricity on Grand Bahama Island, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 19,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >51.9</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent interest (December 31, 2015 &#8211;</font><font style='font-family:Arial;font-size:10pt;' > 49.6 per cent indirect interest) in Dominica Electricity Services Ltd. (&#8220;Domlec&#8221;), an integrated utility on the island of Dominica, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 36,000</font><font style='font-family:Arial;font-size:10pt;' > customers; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >19.1</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent indirect interest (December 31, </font><font style='font-family:Arial;font-size:10pt;' >2015 &#8211; 18.2 per cent indirect interest) in St. Lucia Electricity Services Limited (&#8220;Lucelec&#8221;), a vertically integrated regulated electric utility in St. Lucia; </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Brunswick Pipeline Company Limited (&#8220;Brunswick Pipeline&#8221;), a 145-kilometre pipeline deliv</font><font style='font-family:Arial;font-size:10pt;' >ering re-gasified liquefied natural gas from Saint John, New Brunswick to the United States border under a 25-year firm service agreement with Repsol Energy Canada (&#8220;REC&#8221;), which expires in 2034; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Newfoundland &amp; Labrador Holdings Inc. (&#8220;ENL&#8221;), focuse</font><font style='font-family:Arial;font-size:10pt;' >d on two transmission investments related to the development of an 824 megawatt (&#8220;MW&#8221;) hydroelectric generating </font><font style='font-family:Arial;font-size:10pt;' >facility at Muskrat Falls on the Lower Churchill River in Labrador, scheduled to be generating first power in 2019 and full power in 2020.  ENL&#8217;</font><font style='font-family:Arial;font-size:10pt;' >s two investments are:</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a 100 per cent investment in NSP Maritime Link Inc. (&#8220;NSPML&#8221;), which is developing the Maritime Link Project, a $1.56 billion transmission project, including two 170-kilometre sub-sea cables, connecting the island of Newfoundland and</font><font style='font-family:Arial;font-size:10pt;' > Nova Scotia.  This project is scheduled to be completed in Q4 2017 and then be in service by January 1, 2018;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >62.7</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent investment (December 31, 2015 &#8211; 55.1 per cent) in the partnership capital of Labrador-Island Link Limited Partners</font><font style='font-family:Arial;font-size:10pt;' >hip (&#8220;LIL&#8221;), a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the transmission of Muskrat Falls energy between Labrador and the island of Newfoundland.&#160; Emera&#8217;s percentage ownership in LIL &#8206;is subject to change, based </font><font style='font-family:Arial;font-size:10pt;' >on the balance of capital investments required from Emera and Nalcor Energy to complete construction of the LIL.  Emera&#8217;s ultimate percentage investment in LIL will be determined on completion of the LIL and final costing of all transmission projects relat</font><font style='font-family:Arial;font-size:10pt;' >ed to the Muskrat Falls development, including the LIL, Labrador Transmission Assets and Maritime Link Projects, such that Emera&#8217;s total investment in the Maritime Link and LIL will equal 49 per cent of the cost of all of these transmission developments.&#160; </font><font style='font-family:Arial;font-size:10pt;' >The investment in LIL is accounted for on the equity basis.&#160; Nalcor Energy has indicated that the project will be in service in Q2 2018.</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >12.9</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent interest in Maritimes &amp; Northeast Pipeline (&#8220;M&amp;NP&#8221;), a 1,400-kilometre pipeline, which t</font><font style='font-family:Arial;font-size:10pt;' >ransports natural gas from offshore Nova Scotia to markets in Atlantic Canada and the northeastern United States. </font></li></ul><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera also owns investments in other energy-related non-regulated companies, including: </font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Energy, includes:</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Energy Services (&#8220;EES&#8221;</font><font style='font-family:Arial;font-size:10pt;' >), a physical energy business that purchases and sells natural gas and electricity and provides related energy asset management services; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Bridgeport Energy, Tiverton Power and Rumford Power (&#8220;New England Gas Generating Facilities&#8221; (&#8220;NEGG&#8221;)), a 1,115 MW of</font><font style='font-family:Arial;font-size:10pt;' > combined-cycle gas-fired electricity generating capacity in the northeastern United States;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Bayside Power Limited Partnership (&#8220;Bayside Power&#8221;), a 290 MW gas-fired combined cycle power plant in Saint John, New Brunswick; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Brooklyn Power Corporation (&#8220;Broo</font><font style='font-family:Arial;font-size:10pt;' >klyn Energy&#8221;), a 30 MW biomass co-generation electricity facility in Brooklyn, Nova Scotia.&#160; Brooklyn Energy has a long-term purchase power agreement with NSPI;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a 50.0 per cent joint venture interest in Bear Swamp Power Company LLC (&#8220;Bear Swamp&#8221;), a 600 MW</font><font style='font-family:Arial;font-size:10pt;' > pumped storage hydroelectric facility in northern Massachusetts. </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Reinsurance Limited, a captive insurance company providing insurance and reinsurance to Emera and certain affiliates, to enable more cost efficient management of risk and deductible l</font><font style='font-family:Arial;font-size:10pt;' >evels across Emera;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera US Finance LP, a wholly owned financing subsidiary of Emera that issued multiple series of United States dollar denominated senior, unsecured notes for the purpose funding the acquisition of TECO Energy;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera US Holdings Inc. (&#8220;E</font><font style='font-family:Arial;font-size:10pt;' >USHI&#8221;), a wholly owned holding company for certain of Emera&#8217;s assets located in the United States;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Utility Services Inc., a utility services contractor primarily operating in Atlantic Canada;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >On December 8, 2016, Emera sold the Company&#8217;s remaining 4.</font><font style='font-family:Arial;font-size:10pt;' >7 per cent (December 31, 2015 &#8211; 19.6 per cent) investment in Algonquin Power &amp; Utilities Corp. (&#8220;APUC&#8221;), a public company traded on the Toronto Stock Exchange under the symbol &#8220;AQN&#8221;;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >and other investments.</font></li></ul></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Basis of Presentation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >These consolidated financial statements are prepared and presented in accordance with United States Generally Accepted Accounting Principles (&#8220;USGAAP&#8221;).  In the opinion of management, these consolidated financial statements include </font><font style='font-family:Arial;font-size:10pt;' >all adjustments that are of a recurring nature and necessary to fairly state the financial position of Emera</font><font style='font-family:Arial;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >All dollar amounts are presented in Canadian dollars, unless otherwise indicated.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Principles of Consolidation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The consolidated financial statements of Emera include the accounts of Emera Incorporated, its majority-owned subsidiaries, and a variable interest entity </font><font style='font-family:Arial;font-size:10pt;' >(&#8220;VIE&#8221;) in which </font><font style='font-family:Arial;font-size:10pt;' >Emera is the primary beneficiary.  </font><font style='font-family:Arial;font-size:10pt;' >Emera uses the </font><font style='font-family:Arial;font-size:10pt;' >equity method of accounting to record investments in which the Company has the ability to exercise significant influence, and for variable interest entities in which Emera </font><font style='font-family:Arial;font-size:10pt;' >is not the primary beneficiary</font><font style='font-family:Arial;font-size:10pt;' >.  </font><font style='font-family:Arial;font-size:10pt;' >The consolidated financial statements include TECO </font><font style='font-family:Arial;font-size:10pt;' >Energy from the </font><font style='font-family:Arial;font-size:10pt;' >July 1, 2016 </font><font style='font-family:Arial;font-size:10pt;' >acquisition date through </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Inter-company balances and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between </font><font style='font-family:Arial;font-size:10pt;' >certain </font><font style='font-family:Arial;font-size:10pt;' >non-regulated and regulat</font><font style='font-family:Arial;font-size:10pt;' >ed entities in accordance with accounting standards for rate-regulated entities.  The net profit on these transactions, which would be eliminated in the absence of the accounting standards for rate-regulated entities, is recorded in non-regulated operating</font><font style='font-family:Arial;font-size:10pt;' > revenues</font><font style='font-family:Arial;font-size:10pt;' >.  An</font><font style='font-family:Arial;font-size:10pt;' > offset </font><font style='font-family:Arial;font-size:10pt;' >is recorded </font><font style='font-family:Arial;font-size:10pt;' >to property, plant and equipment, </font><font style='font-family:Arial;font-size:10pt;' >regulatory assets, </font><font style='font-family:Arial;font-size:10pt;' >regulated fuel for generation and purchased power, or operating, maintenance and general, depending on the nature of the transaction.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Use of Management Estimates</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The preparation of consolidated financial statements in accordance with USGAAP requires management to make estimates and assumptions.  These may </font><font style='font-family:Arial;font-size:10pt;' >affect the reported amounts of assets </font><font style='font-family:Arial;font-size:10pt;' >and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods.  Management evaluates the Company&#8217;s estimates on an ongoing basis based upon historical experience, current conditions </font><font style='font-family:Arial;font-size:10pt;' >and assumptions believed to be reasonable at the time the assumption is made, with any adjustments recognized in income in the year they arise.  Actual results may differ significantly from these estimates.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Regulatory Matters</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Regulatory accounting applies where rates are established by, or subject to approval by, an independent third party regulator.  They </font><font style='font-family:Arial;font-size:10pt;' >are designed to recover the costs of providing the regulated products or services; and it is reasonable to assume rates are set at levels such that the costs can be charged to and collected from customers (see n</font><font style='font-family:Arial;font-size:10pt;' >ote </font><font style='font-family:Arial;font-size:10pt;' >17</font><font style='font-family:Arial;font-size:10pt;' > for additi</font><font style='font-family:Arial;font-size:10pt;' >onal details).</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Foreign Currency Translation </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Monetary assets and liabilities, denominated in foreign currencies, are converted to Canadian dollars at</font><font style='font-family:Arial;font-size:10pt;' > the</font><font style='font-family:Arial;font-size:10pt;' > rates of exchange prevailing at the balance sheet date.  The resulting differences between the translation at the </font><font style='font-family:Arial;font-size:10pt;' >original transaction date and the balance sheet date are included in income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Assets and liabilities of self-sustaining foreign operations are translated using the exchange rates in effect at the balance sheet date and the results of operations at the aver</font><font style='font-family:Arial;font-size:10pt;' >age rates for the period.  The resulting exchange gains and losses on the assets and liabilities are deferred on the balance sheet in AOCI.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company designates certain United States dollar dominated debt held in Canadian functional currency companies a</font><font style='font-family:Arial;font-size:10pt;' >s hedges of net investments in United States dollar denominated foreign operations.  The change in </font><font style='font-family:Arial;font-size:10pt;' >the </font><font style='font-family:Arial;font-size:10pt;' >carrying amount of these investments, measured at the exchange rates in effect at the balance sheet date, and the effective portion of the hedge</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >is reco</font><font style='font-family:Arial;font-size:10pt;' >rded in Other Comprehensive Income (&#8220;OCI&#8221;).  Any ineffectiveness is reflected in current period earnings.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Revenue Recognition</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Operating revenues are recognized when electricity or gas is delivered to customers or when products are delivered and services </font><font style='font-family:Arial;font-size:10pt;' >are rendered.  Regulated revenues are recognized on an accrual basis and include billed and unbilled revenues.  Revenues related to the sale of electricity or gas is recognized at rates approved by the respective regulator and recorded based on meter readi</font><font style='font-family:Arial;font-size:10pt;' >ngs and estimates, which occur on a systematic basis throughout a month.  At the end of each month, the electricity or gas delivered to customers, but not billed, is estimated and the corresponding unbilled revenue is recognized.  The accuracy of the unbil</font><font style='font-family:Arial;font-size:10pt;' >led revenue estimate is affected by energy demand, weather, line losses and changes in the composition of customer classes.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Non-regulated revenues are recorded when products have been delivered or services have been performed, the amount of revenue can be</font><font style='font-family:Arial;font-size:10pt;' > reliably measured and collectability is reasonably assured</font><font style='font-family:Arial;font-size:11pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Revenues for energy marketing and trading operations are presented on a net basis, reflecting the nature of the contractual relationships with customers and suppliers.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company records the ne</font><font style='font-family:Arial;font-size:10pt;' >t investment in a lease under the direct finance method for Emera Brunswick Pipeline, which consists of the sum of the minimum lease payments and residual value net of estimated executory costs and unearned income.</font><font style='font-family:Arial;font-size:10pt;' >&#160;</font><font style='font-family:Arial;font-size:10pt;' > The difference between the gross investm</font><font style='font-family:Arial;font-size:10pt;' >ent and the cost of the leased item for a direct financing lease is recorded as unearned income at the inception of the lease.  The unearned income is recognized in income over the life of the lease using a constant rate of interest equal to the internal r</font><font style='font-family:Arial;font-size:10pt;' >ate of return on the lease and is recorded as &#8220;Operating revenues &#8211; regulated gas&#8221; on the Consolidated Statements of Income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Other revenues are recognized when services are performed or goods delivered. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Property, Plant and Equipment </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Property, plant and equipment are recorded at original cost, including allowance for funds used during construction (&#8220;AFUDC&#8221;) or capitalized interest, net of contributions received in aid of construction.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The cost of additions, including betterments and</font><font style='font-family:Arial;font-size:10pt;' > replacements of units of property, plant and equipment are included in &#8220;Property, plant and equipment&#8221;.  When units of regulated property, plant and equipment are replaced, renewed or retired, their cost plus removal or disposal costs, less salvage procee</font><font style='font-family:Arial;font-size:10pt;' >ds, is charged to accumulated depreciation, with no gain or loss reflected in income.  Where a disposition of non-regulated property, plant and equipment occurs, gains and losses are included in income as the dispositions occur.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The cost of property, pl</font><font style='font-family:Arial;font-size:10pt;' >ant and equipment represents the original cost of materials, contracted services, direct labour, AFUDC for regulated property or interest for non-regulated property, asset retirement obligations (&#8220;ARO&#8221;) and overhead attributable to the capital project.  Ov</font><font style='font-family:Arial;font-size:10pt;' >erhead includes corporate costs such as finance, information technology and executive, along with other costs related to support functions, employee benefits, insurance, procurement, and fleet operating and maintenance.  Expenditures for project developmen</font><font style='font-family:Arial;font-size:10pt;' >t are capitalized if they are expected to have </font><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >future economic benefit.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Normal maintenance projects are expensed as incurred.  Planned major maintenance projects that do not increase the overall life of the related assets are expensed.  When a major mai</font><font style='font-family:Arial;font-size:10pt;' >ntenance project increases the life or value of the underlying asset, the cost is capitalized.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Depreciation is determined by the straight-line method, based on the estimated remaining service lives of the depreciable assets in each functional class of d</font><font style='font-family:Arial;font-size:10pt;' >epreciable property.  The service lives of regulated assets require the appropriate regulatory approval. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Intangible assets consist primarily of computer software, land rights and naming rights with definite lives.  Amortization is determined by the strai</font><font style='font-family:Arial;font-size:10pt;' >ght-line method, based on the estimated remaining service lives of the asset in each category.  The service lives of regulated intangible assets require the appropriate regulatory approval.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Goodwill</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Goodwill is calculated as the excess of the purchase pr</font><font style='font-family:Arial;font-size:10pt;' >ice of an acquired entity over the estimated fair values of assets acquired and liabilities assumed at the acquisition date.  Goodwill is carried at initial cost less any write-down for impairment.  Under the applicable accounting guidance, goodwill is sub</font><font style='font-family:Arial;font-size:10pt;' >ject to an annual assessment for impairment at the reporting unit level.  See note </font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' > for further detail.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Income Taxes and Investment Tax Credits</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera recognizes deferred income tax assets and liabilities for the future tax consequences of events </font><font style='font-family:Arial;font-size:10pt;' >that have been included in the financial statements or income tax returns.  Deferred income tax assets and liabilities are determined based on the difference between the carrying value of assets and liabilities on the Consolidated Balance Sheets and their </font><font style='font-family:Arial;font-size:10pt;' >respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse.  Emera recognizes the effect of income tax positions only when it is more likely than not that they will be realized.  Management reviews </font><font style='font-family:Arial;font-size:10pt;' >all readily available current and historical information, including forward-looking information, and the likelihood that deferred tax assets will be recovered from future taxable income is assessed and assumptions about the expected timing of the reversal </font><font style='font-family:Arial;font-size:10pt;' >of deferred tax assets and liabilities are made.  If management subsequently determines that it is likely that some or all of a deferred income tax asset will not be realized, then a valuation allowance is recorded to report the balance at the amount expec</font><font style='font-family:Arial;font-size:10pt;' >ted to be realized. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Generally, investment tax credits are recorded as a reduction to income tax expense in the current or future periods to the extent that realization of such benefit is more likely than not.  Investment tax credits earned by TECO Energy</font><font style='font-family:Arial;font-size:10pt;' > and Emera Maine on regulated assets are deferred and amortized over the estimated service lives of the related properties, as required by state regulatory practices.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s rate-regulated subsidiaries recognize regulatory assets or liabilities where the</font><font style='font-family:Arial;font-size:10pt;' > deferred income taxes are expected to be recovered from or returned to customers in future rates, unless specifically directed by a regulator to flow deferred income taxes through earnings.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera classifies interest and penalties associated with unrecogn</font><font style='font-family:Arial;font-size:10pt;' >ized tax benefits as interest and operating expense, respectively.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Derivatives and Hedging Activities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s risk management policies and procedures provide a framework through which management monitors various risk exposures.  The risk management pol</font><font style='font-family:Arial;font-size:10pt;' >icies and practices are overseen by the Board of Directors.  The Company has established a number of processes and practices to identify, monitor, report on and mitigate material risks to the Company.  This includes establishment of the Enterprise Risk Man</font><font style='font-family:Arial;font-size:10pt;' >agement Committee, whose responsibilities include preparing and updating a &#8220;Risk Dashboard&#8221; for the Board of Directors on a quarterly basis.  Furthermore, a corporate team independent from operations is responsible for tracking and reporting on market and </font><font style='font-family:Arial;font-size:10pt;' >credit risks.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company manages its exposure to normal operating and market risks relating to commodity prices, foreign exchange and interest rates through contractual protections with counterparties where practicable, and by using financial instruments</font><font style='font-family:Arial;font-size:10pt;' > consisting mainly of foreign exchange forwards and swaps, interest rate options and swaps, and coal, oil and gas futures, options, forwards and swaps.  In addition, the Company has contracts for the physical purchase and sale of natural gas.  These physic</font><font style='font-family:Arial;font-size:10pt;' >al and financial contracts are classified as held-for-trading (&#8220;HFT&#8221;).  Collectively, these contracts are considered derivatives.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company recognizes the fair value of all its derivatives on its balance sheet, except for non-financial derivatives that </font><font style='font-family:Arial;font-size:10pt;' >meet the normal purchases and normal sales (&#8220;NPNS&#8221;) exception.  A physical contract generally qualifies for the NPNS exception if the transaction is reasonable in relation to the Company&#8217;s business needs, the counterparty owns or controls resources within </font><font style='font-family:Arial;font-size:10pt;' >the proximity to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty creditworthy.  Emera continually assesses contracts designated under the NPNS exception and will discont</font><font style='font-family:Arial;font-size:10pt;' >inue the treatment of these contracts under this exemption where the criteria are no longer met. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives qualify for hedge accounting if they meet stringent documentation requirements, and can be proven to effectively hedge the identified risk both a</font><font style='font-family:Arial;font-size:10pt;' >t the inception and over the term of the instrument.  Specifically, for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is realiz</font><font style='font-family:Arial;font-size:10pt;' >ed.  Any ineffective portion of the change in the fair value of the cash flow hedges is recognized in net income in the reporting period.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Where the documentation or effectiveness requirements are not met, the derivatives are recognized at fair value, </font><font style='font-family:Arial;font-size:10pt;' >with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives entered into by Tampa Electric, PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for whi</font><font style='font-family:Arial;font-size:10pt;' >ch the NPNS exception has not been taken, are subject to regulatory accounting treatment.&#160; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities. The change in fair value of the derivatives is deferred to a r</font><font style='font-family:Arial;font-size:10pt;' >egulatory asset or liability.&#160; The gain or loss is recognized in the hedged item when the hedged item is settled.&#160; Management believes that any gains or losses resulting from settlement of these derivatives related to fuel for generation and purchased powe</font><font style='font-family:Arial;font-size:10pt;' >r will be refunded to or collected from customers in future rates.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives that do not meet any of the above criteria are designated as HFT derivatives and are recorded on the balance sheet at fair value, with changes normally recorded in net income o</font><font style='font-family:Arial;font-size:10pt;' >f the period, unless deferred as a result of regulatory accounting.  The Company has not elected to designate any derivatives to be included in the HFT category where another accounting treatment would apply.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera classifies gains and losses on derivativ</font><font style='font-family:Arial;font-size:10pt;' >es as a component of fuel for generation and purchased power, other expenses, inventory and property, plant and equipment, depending on the nature of the item being economically hedged.  Transportation capacity arising as a result of</font><font style='font-family:Arial;font-size:10pt;' > marketing and trading </font><font style='font-family:Arial;font-size:10pt;' >transactions is recognized as an asset in &#8220;Other&#8221; and amortized over the period of the transportation contract term.  Cash flows from derivative activities are presented in the same category as the item being </font><font style='font-family:Arial;font-size:10pt;' >hedged within operating or investing activities</font><font style='font-family:Arial;font-size:10pt;' > on the Consolidated Statements of Cash Flows.  Non-hedged derivatives are included in operating cash flows on the Consolidated Statements of Cash Flows.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives, as reflected on the Consolidated Balance Sheets, are not offset by the fair value amount</font><font style='font-family:Arial;font-size:10pt;' >s of cash collateral with the same counterparty.  Rights to reclaim cash collateral are recognized in &#8220;Receivables, net&#8221; and obligations to return cash collateral are recognized in &#8220;Accounts payable&#8221;.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cash and Cash Equivalents</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Cash equivalents consist of</font><font style='font-family:Arial;font-size:10pt;' > highly liquid short-term investments with original maturities of three months or less at acquisition.  Total short-term investments of $183 million have an effective interest rate of 0.6 per cent at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $78 million with an effective i</font><font style='font-family:Arial;font-size:10pt;' >nterest rate of 0.6 per cent). </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Receivables and Allowance for Doubtful Accounts</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Customer receivables are recorded at the invoiced amount and do not bear interest.  </font><font style='font-family:Arial;font-size:10pt;' >Standard payment terms for electricity and gas sales are approximately 30 days.  </font><font style='font-family:Arial;font-size:10pt;' >A late pa</font><font style='font-family:Arial;font-size:10pt;' >yment fee may be assessed on account balances after the due date. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company is exposed to credit risk with respect to amounts receivable from customers.  Credit risk assessments are conducted on all new customers and deposits are requested on any high risk accounts.  The Company also maintains provisions for potential </font><font style='font-family:Arial;font-size:10pt;' >credit losses, which are assessed on a regular basis.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Management estimates uncollectible accounts receivable after considering historical loss experience, customer deposits, current events and the characteristics of existing accounts.  Provisions for lo</font><font style='font-family:Arial;font-size:10pt;' >sses on receivables are expensed to maintain the allowance at a level considered adequate to cover expected losses.  Receivables are written off against the allowance when they are deemed uncollectible.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Inventory</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Fuel and materials inventories are valued</font><font style='font-family:Arial;font-size:10pt;' > using the</font><font style='font-family:Arial;font-size:10pt;' > weighted-average cost method. These inventories are carried at the lower of weighted-average cost or net realizable value, unless evidence indicates that the we</font><font style='font-family:Arial;font-size:10pt;' >ighted-average cost </font><font style='font-family:Arial;font-size:10pt;' >will be recovered in future customer rates. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emission credits </font><font style='font-family:Arial;font-size:10pt;' >inventory are measured using the first-in-first-out method.  Emission credits inventory is recognized in inventory when purc</font><font style='font-family:Arial;font-size:10pt;' >hased, or allocated by the respective government agency.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Asset Impairment</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Goodwill </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Goodwill </font><font style='font-family:Arial;font-size:10pt;' >is</font><font style='font-family:Arial;font-size:10pt;' > not amortized, but </font><font style='font-family:Arial;font-size:10pt;' >is</font><font style='font-family:Arial;font-size:10pt;' > subject to an annual impairment test.  Emera&#8217;s reporting units containing goodwill </font><font style='font-family:Arial;font-size:10pt;' >assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount </font><font style='font-family:Arial;font-size:10pt;' >during the fourth quarter of each year, and interim impairment tests are performed when impairment indicat</font><font style='font-family:Arial;font-size:10pt;' >ors are present.  </font><font style='font-family:Arial;font-size:10pt;' >If it is more likely than not that a reporting unit&#8217;s fair value is less than its carrying amount, the Company calculates the fair value of the reporting unit. </font><font style='font-family:Arial;font-size:10pt;' >The carrying amount of the reporting unit&#8217;s goodwill is considered not recover</font><font style='font-family:Arial;font-size:10pt;' >able if the carrying amount of the reporting unit as a whole exceeds the reporting unit&#8217;s fair value.  An impairment charge is recorded for any excess of the carrying value of the goodwill over the implied fair value.</font><font style='font-family:Arial;font-size:10pt;' >  See note</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' > for further detail</font><font style='font-family:Arial;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >C</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >ost and Equity Method Investments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The carrying value of investments accounted for under the cost and equity methods are assessed for impairment by comparing the fair values of these investments to their carrying values, if a fair value assessment was comp</font><font style='font-family:Arial;font-size:10pt;' >leted, or by reviewing for the presence of impairment indicators.  If an impairment exists and it is determined to be other-than-temporary, a charge is recognized </font><font style='font-family:Arial;font-size:10pt;' >in earnings </font><font style='font-family:Arial;font-size:10pt;' >equal to the amount the carrying value exceeds the investment&#8217;s fair value.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Fina</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >ncial Assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired.  In the case of equity securities classified as available-for-sale, a</font><font style='font-family:Arial;font-size:10pt;' >n other than temporary</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >decline in the fair value of the security below its cost is considered as an indicator that the securities are impaired.  In the case of debt securities classified as available-for-sale, a breach of contract</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > such as default or delinquency in interest or </font><font style='font-family:Arial;font-size:10pt;' >principal payments, or evidence of significant financial difficulty of the issuer is considered an indicator of impairment.  If any such evidence exists for available-for-sale financial assets, the cumulative loss, measured as the difference between the ac</font><font style='font-family:Arial;font-size:10pt;' >quisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in income, is removed from AOC</font><font style='font-family:Arial;font-size:10pt;' >I</font><font style='font-family:Arial;font-size:10pt;' > and recognized </font><font style='font-family:Arial;font-size:10pt;' >in</font><font style='font-family:Arial;font-size:10pt;' > the Consolidated Statements of Income. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Asset Retirement Obligation</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >s</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >An ARO</font><font style='font-family:Arial;font-size:10pt;' > is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a long-lived asset.  A legal obligation may exist under an existing or enacted law or statut</font><font style='font-family:Arial;font-size:10pt;' >e, written or oral contract, or by legal construction under the doctrine of promissory estoppel.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >An ARO represents the fair value of the estimated cash flows necessary to discharge the future obligation using the Company&#8217;s credit adjusted risk-free rate</font><font style='font-family:Arial;font-size:10pt;' >.  The amounts are reduced by actual expenditures incurred.  Estimated future cash flows are based on completed depreciation studies, remediation reports, prior experience, estimated useful lives and governmental regulatory requirements.  The present value</font><font style='font-family:Arial;font-size:10pt;' > of the liability is recorded and the carrying amount of the related long-lived asset is correspondingly increased.  The amount capitalized at inception is depreciated in the same manner as the related long-lived asset.  Over time, the liability is accrete</font><font style='font-family:Arial;font-size:10pt;' >d to its estimated future value.  Accretion expense is included as part of &#8220;Depreciation and amortization&#8221;.  Any </font><font style='font-family:Arial;font-size:10pt;' >regulated </font><font style='font-family:Arial;font-size:10pt;' >accretion expense not yet approved by the regulator is deferred to a regulatory asset in &#8220;Property, plant and equipment&#8221; and included</font><font style='font-family:Arial;font-size:10pt;' > in the next depreciation study.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Some transmission and distribution assets may have conditional AROs, which are required to be estimated and recorded as a liability.  A conditional ARO refers to a legal obligation to perform an asset retirement activity i</font><font style='font-family:Arial;font-size:10pt;' >n which the timing and/or method of settlement are conditional on a future event that </font><font style='font-family:Arial;font-size:10pt;' >may or may not be within the control of the entity.  Management monitors these obligations and a liability is recognized at fair value when an amount can be determined.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Variable Interest Entities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company performs ongoing analysis to assess whether it holds any VIEs.  </font><font style='font-family:Arial;font-size:10pt;' >To identify potential VIEs, management reviews contracts under leases, long-term purchase power agreements, tolling contracts and jointly</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >owned facili</font><font style='font-family:Arial;font-size:10pt;' >ties.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >VIEs of which the Company is deemed the primary beneficiary must be consolidated.  The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obligatio</font><font style='font-family:Arial;font-size:10pt;' >n to absorb losses </font><font style='font-family:Arial;font-size:10pt;' >or the right to receive benefits </font><font style='font-family:Arial;font-size:10pt;' >of the entity that could potentially be significant to the entity.  In circumstances where Emera is not deemed the primary bene</font><font style='font-family:Arial;font-size:10pt;' >ficiary, the VIE is not consolidated</font><font style='font-family:Arial;font-size:10pt;' > in the Company&#8217;s consolidated financial </font><font style='font-family:Arial;font-size:10pt;' >statements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Franchise Fees and Gross Receipts</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Tampa Electric and PGS are allowed to recover from customers certain costs incurred, on a dollar-for-dollar basis, through prices approved by the Florida Public Service Commission (&#8220;FPSC&#8221;). The amounts includ</font><font style='font-family:Arial;font-size:10pt;' >ed in customers&#8217; bills for franchise fees and gross receipt taxes are included as revenues in the Consolidated Statements of Income.  Franchise fees and gross receipt taxes payable by Tampa Electric and PGS are included as an expense on the Consolidated St</font><font style='font-family:Arial;font-size:10pt;' >atements of Income in &#8220;Provincial, state and municipal taxes&#8221;.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NMGC is an agent in the collection and payment of franchise fees and gross receipt taxes and is not required by a tariff to present the amounts on a gross basis.  Therefore, NMGC&#8217;s franchise </font><font style='font-family:Arial;font-size:10pt;' >fees and gross receipt taxes are presented net with no line item impact on the Consolidated Statement of Income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Stock-Based Compensation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has several stock-based compensation plans: a common share option plan for senior management; an employe</font><font style='font-family:Arial;font-size:10pt;' >e common share purchase plan; a deferred share unit (&#8220;DSU&#8221;) plan; and a performance share unit (&#8220;PSU&#8221;) plan.  The Company accounts for its plans in accordance with the fair value based method of accounting for stock-based compensation.  Stock-based compens</font><font style='font-family:Arial;font-size:10pt;' >ation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee&#8217;s or director&#8217;s requisite service period using the graded vesting method.  Stock-based compensation plans recognize</font><font style='font-family:Arial;font-size:10pt;' >d as liabilities are measured at fair value and re-measured at fair value at each reporting date with the change in liability recognized in income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Employee Benefits</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The costs of the Company&#8217;s pension and other post-retirement benefit programs for employ</font><font style='font-family:Arial;font-size:10pt;' >ees are expensed over the periods during which employees render service.  The Company recognizes the funded status of its defined-benefit and other post-retirement plans on the balance sheet and recognizes changes in funded status in the year the change oc</font><font style='font-family:Arial;font-size:10pt;' >curs.  The Company recognizes the unamortized gains and losses and past service costs in AOCI or regulatory assets</font><font style='font-family:Arial;font-size:10pt;' >.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for all significant accounting policies of the reporting entity.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858282560">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Change in Accounting Policy<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >2.</font><font style='font-family:Arial;font-size:10pt;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >C</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >HANGE IN ACCOUNTING POLICY</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The new US</font><font style='font-family:Arial;font-size:10pt;' >GAAP accounting policies that are applicable to, and were adopted by </font><font style='font-family:Arial;font-size:10pt;' >the Company in 2016</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >with </font><font style='font-family:Arial;font-size:10pt;' >no </font><font style='font-family:Arial;font-size:10pt;' >material </font><font style='font-family:Arial;font-size:10pt;' >impact on its con</font><font style='font-family:Arial;font-size:10pt;' >solidated financial statements, are</font><font style='font-family:Arial;font-size:10pt;' > described as follows: </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Consolidation</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In February 2015, the Financial Accounting </font><font style='font-family:Arial;font-size:10pt;' >Standards Board (&#8220;FASB&#8221;) issued Accounting Standard Update (&#8220;ASU&#8221;) 2015-02, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Consolidation, </font><font style='font-family:Arial;font-size:10pt;' >which changes the analysis a reporting entity must perform to determine whether it should consolidate certain types of legal entities.  Some of the more notable amen</font><font style='font-family:Arial;font-size:10pt;' >dments are (1) the identification of variable interests when fees are paid to a decision maker or service provider, (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. </font><font style='font-family:Arial;font-size:10pt;' > All legal entities were subject to re-evaluation under the revised consolidation model.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Interest &#8211; Imputation of Interest</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In April 2015, the FASB issued&#160;ASU 2015-03, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Interest &#8211; </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Imputation of Interest</font><font style='font-family:Arial;font-size:10pt;' >, which simplifies the presentation of debt issuance co</font><font style='font-family:Arial;font-size:10pt;' >sts.&#160; The amendments require debt issuance costs be presented on the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.  The recognition and measurement guidance for debt issuance</font><font style='font-family:Arial;font-size:10pt;' > costs is not affected.&#160; The Company adopted this standard in Q1 2016 and December 31, 2015 balances have been retrospectively restated.  This change resulted in $62 million of debt issuance costs, as at December 31, 2015, previously presented as &#8220;Other lo</font><font style='font-family:Arial;font-size:10pt;' >ng-term assets&#8221;, being reclassified as a deduction from the carrying amount of the related long-term debt and &#8220;Convertible debentures&#8221; on its Consolidated Balance Sheets.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In accordance with ASU 2015-15 </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Interest: Imputation of Interest</font><font style='font-family:Arial;font-size:10pt;' >, the Company conti</font><font style='font-family:Arial;font-size:10pt;' >nues to present debt issuance costs related to its revolving credit facilities and related instruments in &#8220;Other long-term assets&#8221; on its Consolidated Balance Sheets. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Compensation &#8211; Retirement Benefits</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In April 2015, the FASB issued ASU 2015-04, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Compensa</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >tion &#8211; Retirement Benefits, </font><font style='font-family:Arial;font-size:10pt;' >which is part of FASB&#8217;s initiative to reduce complexity in accounting standards.&#160; This standard provides certain practical expedients for defined benefit pension or other post-retirement benefit plan measurement dates.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Intangibles </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >&#8211;</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Goodwill and Other </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >&#8211;</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Internal-Use Software</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In April 2015, the FASB issued ASU 2015-05,</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Intangibles </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >&#8211;</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' > Goodwill and Other </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >&#8211;</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' > Internal-Use Software, </font><font style='font-family:Arial;font-size:10pt;' >which provides guidance to customers about whether a cloud computing arrangement includes a softw</font><font style='font-family:Arial;font-size:10pt;' >are license.&#160; If a cloud computing arrangement includes a software license, the customer would account for the software license element of the arrangement consistent with the acquisition of other software </font><font style='font-family:Arial;font-size:10pt;' >licenses. &#160;If a cloud computing arrangement does no</font><font style='font-family:Arial;font-size:10pt;' >t include a software license, the customer would account for the arrangement as a service contract.&#160; The guidance does not change USGAAP for a customer&#8217;s accounting for service contracts.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Inventory &#8211; Simplifying the Measurement of Inventory</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In July 2015</font><font style='font-family:Arial;font-size:10pt;' >, the FASB issued&#160;ASU 2015-11, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Inventory</font><font style='font-family:Arial;font-size:10pt;' > &#8211; </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Simplifying the Measurement of Inventory</font><font style='font-family:Arial;font-size:10pt;' >.&#160; The amendments require an entity to measure inventory </font><font style='font-family:Arial;font-size:10pt;' >at the lower of cost or net realizable value, whereas previously, inventory was measured at the lower of cost or mar</font><font style='font-family:Arial;font-size:10pt;' >ket.  The Company early adopted in 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > as permitted.&#160; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Derivatives and Hedging &#8211; Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In March 2016, the FASB issued ASU 2016-05, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Derivatives and Hedging Effect of Derivative </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Contract Novations on Existing Hedge Accounting Relationships</font><font style='font-family:Arial;font-size:10pt;' >.  The standard clarifies that a change in the counterparty to a derivative contract, in and of itself, does not require the de-designation of a hedging relationship provided that all other hedge</font><font style='font-family:Arial;font-size:10pt;' > ac</font><font style='font-family:Arial;font-size:10pt;' >counting criteria continue to be met.  The Company early adopted in 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > as permitted.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Investments &#8211; Equity Method and Joint Ventures</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In March 2016, the FASB issued&#160;ASU 2016-07, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Investments &#8211; Equity Method and Joint Ventures</font><font style='font-family:Arial;font-size:10pt;' >, which is part of FASB&#8217;s i</font><font style='font-family:Arial;font-size:10pt;' >nitiative to reduce complexity in accounting standards.  This standard eliminates the requirements of an investor to retroactively account for an investment under the equity method when an </font><font style='font-family:Arial;font-size:10pt;' >investment qualifies for equity method accounting.  The Company ear</font><font style='font-family:Arial;font-size:10pt;' >ly adopted in 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > as permitted.</font><font style='font-family:Arial;font-size:10pt;' >&#160; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Compensation &#8211; Stock Compensation </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In March 2016, the FASB issued ASU 2016-09, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Compensation &#8211; Stock Compensation</font><font style='font-family:Arial;font-size:10pt;' > to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, accounting for forfeitures, classification of awards as either equity or liabilities and presentation on the </font><font style='font-family:Arial;font-size:10pt;' >statement of cash flows</font><font style='font-family:Arial;font-size:10pt;' >.  The Company early adopted in 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > as permitted.  </font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856188288">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Future Accounting Pronouncements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_NewAccountingPronouncementsAbstract', window );"><strong>New Accounting Pronouncements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DescriptionOfNewAccountingPronouncementsNotYetAdopted', window );">FUTURE ACCOUNTING PRONOUNCEMENTS</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >3.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >FU</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >TURE ACCOUNTING PR</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >ONOUNCEMENTS</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' > </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company considers the applicability and impact of all ASUs issued by FASB.  The following updates have been issued by FASB, but have not yet been adopted by Emera.  Any ASUs not included below were assessed and determined to be either not applicable </font><font style='font-family:Arial;font-size:10pt;' >to the Company or have minimal impact on the consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Revenue from Contracts with Customers</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In May 2014, the FASB issued ASU 2014-09, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Revenue from Contracts with Customers</font><font style='font-family:Arial;font-size:10pt;' >, which creates a new, principle-based revenue recognition</font><font style='font-family:Arial;font-size:10pt;' > framework</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > which has been codified as ASC Topic 606.&#160; The FASB issued amendments to ASC Topic 606 during 2016 to clarify certain implementation guidance and to reflect narrow scope improvements and practical expedients.  The core principle is that a compa</font><font style='font-family:Arial;font-size:10pt;' >ny should recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled to.&#160; The guidance will require additional disclosures regarding the nature, amoun</font><font style='font-family:Arial;font-size:10pt;' >t, timing and uncertainty of revenue and related cash flows arising from contracts with customers.&#160; </font><font style='font-family:Arial;font-size:10pt;' >This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017 </font><font style='font-family:Arial;font-size:10pt;' >and will a</font><font style='font-family:Arial;font-size:10pt;' >llow for either full retrospective adoption or modified retrospective adoption.&#160; </font><font style='font-family:Arial;font-size:10pt;' >The Company will adopt this guidance effective January 1, 2018.</font><font style='font-family:Arial;font-size:10pt;' >&#160; </font><font style='font-family:Arial;font-size:10pt;' >The Company has implemented a project </font><font style='font-family:Arial;font-size:10pt;' >plan and is in the process of evaluating the impact of adoption of this </font><font style='font-family:Arial;font-size:10pt;' >standard on its consolidated financial statements and </font><font style='font-family:Arial;font-size:10pt;' >disclosures.</font><font style='font-family:Arial;font-size:10pt;' >  </font><font style='font-family:Arial;font-size:10pt;' >This includes evaluating the available adoption methods, accounting for contributions in aid of construction and contract acquisition costs, the impact of collectability risk, unique contr</font><font style='font-family:Arial;font-size:10pt;' >act characteristics in the Company&#8217;s non-regulated businesses and disclosure requirements.  The Company is also monitoring the assessment of ASC Topic 606 by the AICPA Power and Utilities Revenue Recognition Task Force.  The ultimate impact of the adoption</font><font style='font-family:Arial;font-size:10pt;' > of ASC Topic 606, and the method of adoption, has not yet been finalized.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Recognition and Measurement of Financial Assets and Financial Liabilities</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In January 2016, the FASB issued&#160;ASU 2016-01, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Financial Instruments </font><font style='font-family:Arial;font-size:10pt;' >&#8211; </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Recognition and Measurement of Finan</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >cial Assets and Financial Liabilities</font><font style='font-family:Arial;font-size:10pt;' >.&#160; The standard provides guidance for the recognition, measurement, presentation and disclosure of financial assets and liabilities.&#160; This guidance will be effective for annual reporting periods, including interim repor</font><font style='font-family:Arial;font-size:10pt;' >ting within those periods, beginning after December 15, 2017. &#160;The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Leases</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In February 2016, the FASB issued&#160;ASU 2016-02, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Leases.</font><font style='font-family:Arial;font-size:10pt;' >&#160; The </font><font style='font-family:Arial;font-size:10pt;' >standard, codified as ASC Topic 842, increases transparency and comparability among organizations by recognizing lease assets and liabilities on the balance sheet for leases with terms of more than 12 months.&#160; Under the existing guidance, operating leases </font><font style='font-family:Arial;font-size:10pt;' >are not recorded as lease assets and lease liabilities on the balance sheet.&#160; The effect of leases on the Consolidated Statements of Income and the Consolidated Statements of Cash Flows is largely unchanged.&#160; The guidance will require additional disclosure</font><font style='font-family:Arial;font-size:10pt;' >s regarding key information about leasing arrangements.  This guidance is effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2018.&#160; Early adoption is permitted, and is required to be appli</font><font style='font-family:Arial;font-size:10pt;' >ed using a modified retrospective approach. &#160;The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Measurement of Credit Losses on Financial Instruments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In June 2016, the FASB issued ASU 2016</font><font style='font-family:Arial;font-size:10pt;' >-13, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Measurement of Credit Losses on Financial Instruments</font><font style='font-family:Arial;font-size:10pt;' >.  The standard provides </font><font style='font-family:Arial;font-size:10pt;' >guidance regarding the measurement of credit losses for financial assets and certain other instruments that are not accounted for at fair value through net income, including</font><font style='font-family:Arial;font-size:10pt;' > trade and other receivables, debt securities, net investment in leases, and off-balance sheet credit exposures.  The new guidance requires companies to replace the current incurred loss impairment methodology with a methodology that measures all expected </font><font style='font-family:Arial;font-size:10pt;' >credit losses for financial assets based on historical experience, current conditions, and reasonable and supportable forecasts.  The guidance expands the disclosure requirements regarding credit losses, including the credit loss methodology and credit qua</font><font style='font-family:Arial;font-size:10pt;' >lity indicators.  </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.  E</font><font style='font-family:Arial;font-size:10pt;' >arly adoption is permitted for </font><font style='font-family:Arial;font-size:10pt;' >annual reporting periods, </font><font style='font-family:Arial;font-size:10pt;' >including interim periods after</font><font style='font-family:Arial;font-size:10pt;' > December 15, 2018</font><font style='font-family:Arial;font-size:10pt;' > and will be applied using a modified retrospective approach.  The Company is currently evaluating the impact of adoption of this standard on its consolidated financial statements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Classification of Certain Cash Receipts and Cash Payment</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >s on the Statement of Cash Flows</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In August 2016, the FASB issued ASU 2016-15, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Classification of Certain Cash Receipts and Cash Payments on the Statement of Cash Flows</font><font style='font-family:Arial;font-size:10pt;' >.  The standard provides guidance regarding the classification of certain cash receipts an</font><font style='font-family:Arial;font-size:10pt;' >d cash payments on the statement of cash flows, where specific guidance is provided for issues not previously addressed.  </font><font style='font-family:Arial;font-size:10pt;' >This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after Decemb</font><font style='font-family:Arial;font-size:10pt;' >er 15, 2017</font><font style='font-family:Arial;font-size:10pt;' >, with early adoption permitted, and is required to be applied on </font><font style='font-family:Arial;font-size:10pt;' >a retrospective approach.  The C</font><font style='font-family:Arial;font-size:10pt;' >ompany is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Restricted Cash on the Stateme</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >nt of Cash Flows</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In November 2016, the FASB issued ASU 2016-18, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Restricted Cash on the Statement of Cash Flows</font><font style='font-family:Arial;font-size:10pt;' >.  The standard will require t</font><font style='font-family:Arial;font-size:10pt;' >he Company to show the changes in total cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows.  Transfers between cash and cash equivalents and restricted cash and restricted cash equivalents will no longer </font><font style='font-family:Arial;font-size:10pt;' >be presented in the statement of cash flows.  </font><font style='font-family:Arial;font-size:10pt;' >This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2017</font><font style='font-family:Arial;font-size:10pt;' >, with early adoption permitted, and is required to be applied on</font><font style='font-family:Arial;font-size:10pt;' > a retrospective approach.  The Company is currently evaluating the impact of adoption of this standard on its consolidated statement of cash flows.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Clarifying the Definition of a Business</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In January 2017, the FASB issued ASU 2017-01, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Clarifying the Defin</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >ition of a Business</font><font style='font-family:Arial;font-size:10pt;' >.  The standard provides guidance to assist entities with evaluating when a set of transferred assets and activities is a business.  </font><font style='font-family:Arial;font-size:10pt;' >This guidance will be effective for annual reporting periods, including interim reporting within those p</font><font style='font-family:Arial;font-size:10pt;' >eriods, beginning after December 15, 2017</font><font style='font-family:Arial;font-size:10pt;' >, with early adoption permitted and is required to be applied prospectively.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Simplifying the Test for Goodwill Impairment </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In January 2017, the FASB issued ASU 2017-04, </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Simplifying</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' > the Test for Goodwill Impairment</font><font style='font-family:Arial;font-size:10pt;' >.&#160; The standard provides guidance to simplify the subsequent measurement of goodwill by eliminating the second step of the </font><font style='font-family:Arial;font-size:10pt;' >quantitative</font><font style='font-family:Arial;font-size:10pt;' > test.&#160; The new guidance does not amend the optional qualitative assessment of goodwill </font><font style='font-family:Arial;font-size:10pt;' >impairment.&#160; This guidance will be effective for annual reporting periods, including interim reporting within those periods, beginning after December 15, 2019.&#160; Early adoption is permitted for interim or annual goodwill impairment tests performed on testin</font><font style='font-family:Arial;font-size:10pt;' >g dates after January 1, 2017.&#160; The guidance is required to be applied prospectivel</font><font style='font-family:Arial;font-size:10pt;' >y.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858289328">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationsAbstract', window );"><strong>Acquisitions [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationDisclosureTextBlock', window );">ACQUISITIONS</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >4.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  ACQUISITION</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >TECO ENERGY INC.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On July 1, 2016, Emera acquired all of the outstanding common shares of TECO Energy for $</font><font style='font-family:Arial;font-size:10pt;' >27.55 </font><font style='font-family:Arial;font-size:10pt;' >USD per common share. The net cash purchase price totaled $</font><font style='font-family:Arial;font-size:10pt;' >8.4</font><font style='font-family:Arial;font-size:10pt;' > billion ($</font><font style='font-family:Arial;font-size:10pt;' >6.5</font><font style='font-family:Arial;font-size:10pt;' > billion USD), with an aggregate purchase </font><font style='font-family:Arial;font-size:10pt;' >price of $</font><font style='font-family:Arial;font-size:10pt;' >13.9</font><font style='font-family:Arial;font-size:10pt;' > billion ($</font><font style='font-family:Arial;font-size:10pt;' >10.7</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >billion USD), including the assumption of $</font><font style='font-family:Arial;font-size:10pt;' >5.5</font><font style='font-family:Arial;font-size:10pt;' > billion ($</font><font style='font-family:Arial;font-size:10pt;' >4.2</font><font style='font-family:Arial;font-size:10pt;' > billion USD) in US debt on closing. The net cash purchase price was financed through: (i) $</font><font style='font-family:Arial;font-size:10pt;' >728</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >560</font><font style='font-family:Arial;font-size:10pt;' > million USD) related to the first instalment of converti</font><font style='font-family:Arial;font-size:10pt;' >ble debentures represented by instalment receipts issued in 2015, $</font><font style='font-family:Arial;font-size:10pt;' >1.56 </font><font style='font-family:Arial;font-size:10pt;' >billion ($</font><font style='font-family:Arial;font-size:10pt;' >1.2 </font><font style='font-family:Arial;font-size:10pt;' >billion USD) fixed</font><font style='font-family:Arial;font-size:10pt;' >-to-floating subordinated notes, $</font><font style='font-family:Arial;font-size:10pt;' >500</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >384</font><font style='font-family:Arial;font-size:10pt;' > million USD) in Canadian long-term debt and $</font><font style='font-family:Arial;font-size:10pt;' >4.2</font><font style='font-family:Arial;font-size:10pt;' > billion ($</font><font style='font-family:Arial;font-size:10pt;' >3.25 </font><font style='font-family:Arial;font-size:10pt;' >billion USD) in US long-term senior </font><font style='font-family:Arial;font-size:10pt;' >unsecured notes; (ii) available cash on hand; and (iii) drawings of $</font><font style='font-family:Arial;font-size:10pt;' >1.4 </font><font style='font-family:Arial;font-size:10pt;' >billion ($</font><font style='font-family:Arial;font-size:10pt;' >1.1 </font><font style='font-family:Arial;font-size:10pt;' >billion USD) on the Company&#8217;s acquisition credit facility.  </font><font style='font-family:Arial;font-size:10pt;' >Total proceeds of the debt, that were not otherwise required to </font><font style='font-family:Arial;font-size:10pt;' >complete the acquisition, have been used for </font><font style='font-family:Arial;font-size:10pt;' >general corporate purposes.</font><font style='font-family:Arial;font-size:10pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On August 2, 2016, the convertible debenture Final Instalment Date, Emera received the remaining two thirds of the convertible debenture instalments (note </font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' >), for net proceeds of $</font><font style='font-family:Arial;font-size:10pt;' >1.4 </font><font style='font-family:Arial;font-size:10pt;' >billion. These funds were used to repa</font><font style='font-family:Arial;font-size:10pt;' >y the Company&#8217;s acquisition credit facility.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO Energy is an energy-related holding company with regulated electric and gas utilities in Florida and New Mexico. TECO Energy&#8217;s holdings include Tampa Electric, an integrated regulated electric utility in W</font><font style='font-family:Arial;font-size:10pt;' >est Central Florida, PGS, a regulated gas distribution utility serving customers across Florida, and NMGC, a regulated gas distribution utility in New Mexico.</font><font style='font-family:Arial;font-size:10pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The majority of TECO Energy&#8217;s operations are subject to the rate-setting authority of the Feder</font><font style='font-family:Arial;font-size:10pt;' >al Energy Regulatory Commission (&#8220;FERC&#8221;), Florida Public Service Commission (&#8220;FPSC&#8221;), and New Mexico Public Regulation Commission (&#8220;NMPRC&#8221;), and are accounted for pursuant to USGAAP, including the accounting guidance for regulated operations. Except for un</font><font style='font-family:Arial;font-size:10pt;' >regulated long-term debt acquired and deferred taxes, preliminary fair values of tangible and intangible assets and liabilities subject to these rate-setting provisions approximate their carrying values due to the fact that a market participant would not e</font><font style='font-family:Arial;font-size:10pt;' >xpect to recover any more or less than their net carrying value.  Accordingly, assets acquired and liabilities assumed and pro-forma financial information do not reflect any adjustments related to these amounts. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Acquisition is accounted for in accord</font><font style='font-family:Arial;font-size:10pt;' >ance with the acquisition method of accounting. The excess of purchase price over estimated fair values of assets acquired and liabilities assumed has been recognized as goodwill at the acquisition date of July 1, 2016. The goodwill reflects the value paid</font><font style='font-family:Arial;font-size:10pt;' > for access to regulated assets, net income and cash flows in growth markets, opportunities for adjacency growth, long-term potential for enhanced access to capital as a result of increased scale and business diversity, and an improved earnings risk profil</font><font style='font-family:Arial;font-size:10pt;' >e. The goodwill recognized as part of this transaction is not deductible for income tax purposes, and as such, no deferred taxes have been recorded related to this goodwill.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following table summarizes the preliminary allocation of the purchase conside</font><font style='font-family:Arial;font-size:10pt;' >ration to the assets and liabilities acquired as at July 1, 2016 based on their fair values, using the July 1, 2016 exchange rate of $1.00 USD = $</font><font style='font-family:Arial;font-size:10pt;' >1.3009</font><font style='font-family:Arial;font-size:10pt;' > CAD.  The allocation of </font><font style='font-family:Arial;font-size:10pt;' >the preliminary purchase consideration is considered preliminary due to </font><font style='font-family:Arial;font-size:10pt;' >the </font><font style='font-family:Arial;font-size:10pt;' >continued evaluation and analysis of deferred income taxes and the allocation of goodwill between reporting units.</font><font style='font-family:Arial;font-size:10pt;' > </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td colspan='3' rowspan='1' style='width:468.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Purchase Consideration</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >8,447</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair value assigned to net assets:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current assets </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >619</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory assets (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >624</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Property, plant and equipment, net</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10,023</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other long-term assets</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >71</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current liabilities</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(747)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Assumed long-term debt (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(5,409)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory liabilities (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(1,117)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred income taxes </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(800)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pension and post-retirement liabilities (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(480)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other long-term liabilities</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(146)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,638</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >38</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair value of net assets acquired</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,676</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Goodwill</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >5,771</font></td></tr><tr style='height:10.5pt;' ><td colspan='3' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Includes accounts receivables with fair value of $334 million comprised of gross contract value of $337 million, and $3 million of contractual receivables not expected to be collected. </font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Goodwill has been preliminarily allocated to the TECO Energy reporting units and is subject to change as additional information is obtained through the purchase price allocation process. </font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Reporting Unit</font></td><td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Goodwill</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tampa Electric</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4,552</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >PGS</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  744</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >New Mexico Gas </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  475</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Goodwill</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5,771</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Goodwill is subject to an annual assessment for impairment at the reporting unit level. Adverse changes in assumptions could result in a material impairment of E</font><font style='font-family:Arial;font-size:10pt;' >mera&#8217;s goodwill</font><font style='font-family:Arial;font-size:10pt;' > (note </font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' >)</font><font style='font-family:Arial;font-size:10pt;' >.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Acquisition Related Expenses</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Acquisition related expenses totaled $</font><font style='font-family:Arial;font-size:10pt;' >250</font><font style='font-family:Arial;font-size:10pt;' > million ($166 million after-tax) and $</font><font style='font-family:Arial;font-size:10pt;' >76</font><font style='font-family:Arial;font-size:10pt;' > million ($53 million after-tax) for the </font><font style='font-family:Arial;font-size:10pt;' >twelve</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >months ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > and 2015, respectively.  These costs have been recognized in the </font><font style='font-family:Arial;font-size:10pt;' >Consolidated Statements of Income as follows:</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:311.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:120pt;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Operating revenues &#8211; regulated gas</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (10)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Operating, maintenance, and general</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  89</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  52</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest expense, net</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  148</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  24</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other income (expenses), net </font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (3)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (84)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (23)</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Acquisition related costs</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  166</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  53</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As part of the acquisition the Company has agreed to fund certain commitments in New Mexico.  These commitments include contributions relating to economic development, donations, construction of an enlarged pipeline to the New Mexico/Mexico border, </font><font style='font-family:Arial;font-size:10pt;' >establishment of a matching fund to extend gas infrastructure in New Mexico and an annual customer bill reduction credit through June 30, 2018.  For the year ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > Emera recognized $</font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > million in &#8220;Operating revenues - Regulated gas&#8221; and $</font><font style='font-family:Arial;font-size:10pt;' >30</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million in &#8220;Operating, maintenance, and general&#8221; associated with these commitments for a total of $</font><font style='font-family:Arial;font-size:10pt;' >40</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' > million after-tax).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In addition to the New Mexico commitments, operating, maintenance, and general expenses includes acquisition related leg</font><font style='font-family:Arial;font-size:10pt;' >al, accounting, banking and advisory fees and the accelerated vesting of outstanding stock-based compensation awards.  Other income (expenses), net includes foreign exchange gains on acquisition related transactions.  Interest expense, net includes interes</font><font style='font-family:Arial;font-size:10pt;' >t incurred on the convertible debentures represented by instalment receipts and the acquisition credit facility issued for the purpose of financing the TECO Energy acquisition.  In addition, it includes interest for the period between the issuance date and</font><font style='font-family:Arial;font-size:10pt;' > the acquisition date on acquisition-related debt and the Beneficial Conversion Feature discount expensed on conversion of the convertible debentures.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Supplemental Pro Forma Data</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The unaudited pro forma financial information below gives effect to the ac</font><font style='font-family:Arial;font-size:10pt;' >quisition of TECO Energy as if the transaction had occu</font><font style='font-family:Arial;font-size:10pt;' >rred at the beginning of 2015.  </font><font style='font-family:Arial;font-size:10pt;' >This pro forma data is presented for information purposes only, and does not purport to be indicative of the results that would have occurred had the acquisition taken p</font><font style='font-family:Arial;font-size:10pt;' >lace at the beginning of </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' >, nor is it indicative of the results that may be expected in future periods.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Pro forma net income attributable to common shareholders excludes all non-recurring acquisition-related expenses incurred by TECO Energy and Emera a</font><font style='font-family:Arial;font-size:10pt;' >nd includes adjustments for pro forma financing costs associated with the acquisition.  In addition, net income from TECO Coal, a discontinued operation sold by TECO Energy in 2015 is excluded.  After-tax adjustments increased pro forma net income attribut</font><font style='font-family:Arial;font-size:10pt;' >able to common shareholders by $</font><font style='font-family:Arial;font-size:10pt;' >53</font><font style='font-family:Arial;font-size:10pt;' > million for the </font><font style='font-family:Arial;font-size:10pt;' >twelve</font><font style='font-family:Arial;font-size:10pt;' > months ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >.  The </font><font style='font-family:Arial;font-size:10pt;' >twelve</font><font style='font-family:Arial;font-size:10pt;' > months ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2015</font><font style='font-family:Arial;font-size:10pt;' > after-tax adjustments were a decrease of $</font><font style='font-family:Arial;font-size:10pt;' >35</font><font style='font-family:Arial;font-size:10pt;' > million.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Adjustments to pro forma operating revenues resulted in an increase of $</font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > million for the year ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, with no adjustment for 2015.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:281.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:150pt;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='4' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:187.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pro forma operating revenues</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6,034</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6,297</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pro forma net income attributable to common shareholders</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  386</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  584</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1497-128463<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1490-128463<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1392-128463<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e7008-128479<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1486-128463<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e6927-128479<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=73530397&amp;loc=d3e4845-128472<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 7<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1524-128463<br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e7000-128479<br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=73530397&amp;loc=d3e4922-128472<br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=73530397&amp;loc=d3e4934-128472<br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=73530397&amp;loc=d3e4926-128472<br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 4A<br> -URI http://asc.fasb.org/extlink&amp;oid=73530397&amp;loc=SL65897772-128472<br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1383-128463<br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35744584&amp;loc=d3e6996-128479<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876868640">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingAbstract', window );"><strong>Segment Information [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SegmentReportingDisclosureTextBlock', window );">SEGMENT INFORMATION</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >5.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  SEGMENT INFORMATION</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera manages its reportable segments separately due in part to their different geographical, operating and regulatory environments.  Segments are reported based on each subsidiary&#8217;s contribution of revenues, net income </font><font style='font-family:Arial;font-size:10pt;' >attributable to common shareholders and total assets as reported to the Company&#8217;s chief operating decision maker.   </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > Emera has six reportable segments, specifically:</font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Florida and New Mexico (includes TEC, consisting of two divisi</font><font style='font-family:Arial;font-size:10pt;' >ons:&#160; Tampa Electric and PGS, NMGC, their parent company TECO Energy, and TECO Finance, a wholly owned financing subsidiary of TECO Energy);</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >NSPI; </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Maine; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Caribbean (ECI and its subsidiaries including BLPC, Domlec, GBPC, and an equity investme</font><font style='font-family:Arial;font-size:10pt;' >nt in Lucelec); </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Energy (Emera Energy Services, NEGG Facilities, Bayside Power, Brooklyn Energy and an equity investment in Bear Swamp); and</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Corporate and Other (Emera Utility Services, ENL, Emera Brunswick Pipeline, Corporate, other strategic invest</font><font style='font-family:Arial;font-size:10pt;' >ments and holding companies).</font></li></ul></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera Florida</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Corporate </font></td><td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Inter-</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >and New</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera</font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera</font></td><td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera </font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >and   </font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >segment</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Mexico (2)</font></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >NSPI</font></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Maine</font></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Caribbean</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Energy</font></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Other</font></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >For the year ended December 31, 2016 </font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Operating revenues from external customers (1)</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,839</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,356</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  297</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  419</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  298</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  69</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4,276</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Inter-segment revenues (1)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  24</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (34)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Total operating revenues</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,839</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,356</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  297</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  419</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  309</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  93</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (36)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4,277</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Allowance for funds used during construction - debt and equity</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  28</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  35</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Regulated fuel and fixed cost deferral adjustments</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  61</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  61</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Depreciation and amortization</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  243</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  197</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  51</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  48</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  45</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  588</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Interest expense (3)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  125</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  127</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  19</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  15</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  312</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  600</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Interest revenue</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Internally allocated interest (4)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (24)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  24</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income from equity investments</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  86</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  100</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  100</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  23</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  14</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (53)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (118)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (22)</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Net income attributable to common shareholders</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  172</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  130</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  47</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  100</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (110)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (112)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  227</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Capital expenditures</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  547</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  304</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  85</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  87</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  7</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,069</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >As at December 31, 2016 </font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total assets</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  18,016</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4,776</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,543</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,331</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,702</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,966</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (113)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  29,221</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Investments subject to significant influence</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  13</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  895</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  947</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Goodwill</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  5,957</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  154</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  102</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  6,213</font></td></tr><tr style='height:21.95pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power.  Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. </font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) Corporate and Other Interest expense has been reduced by amortization of $13 million related to the unregulated long-term debt fair market value adjustment recognized on the acquisition of TECO Energy.</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4) Segment net income is reported on a basis that includes internally allocated financing costs. </font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera Florida</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Corporate </font></td><td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Inter-</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >and New</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera</font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera</font></td><td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera </font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >and   </font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >segment</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Mexico (2)</font></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >NSPI</font></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Maine</font></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Caribbean</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Energy</font></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Other</font></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >For the year ended December 31, 2015 </font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Operating revenues from external customers (1)</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,417</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  284</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  442</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  578</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  68</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (2)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2,787</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Inter-segment revenues (1)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  8</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  12</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  24</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (42)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Total operating revenues</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,417</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  284</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  450</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  590</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  92</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (44)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2,789</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Allowance for funds used during construction - debt and equity</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  4</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  6</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Regulated fuel and fixed cost deferral adjustments</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  42</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  42</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Depreciation and amortization</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  206</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  47</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  44</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  41</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  340</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Interest expense</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  129</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  19</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  14</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  59</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  222</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Interest revenue</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  5</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Internally allocated interest (3)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (18)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  18</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income from equity investments</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  3</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  21</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  84</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  108</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  23</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  27</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  3</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  50</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (10)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  93</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Net income attributable to common shareholders</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  130</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  45</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  41</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  99</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  82</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  397</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Capital expenditures</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  271</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  65</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  44</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  98</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  9</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  487</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >As at December 31, 2015 </font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total assets</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  4,721</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,558</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,403</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,919</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2,663</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (225)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  12,039</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Investments subject to significant influence</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  12</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  39</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,094</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,145</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Goodwill</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  158</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  106</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  264</font></td></tr><tr style='height:31.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) All significant inter-company balances and inter-company transactions have been eliminated on consolidation except for certain transactions between non-regulated and regulated entities that have not been eliminated because management believes that the elimination of these transactions would understate property, plant and equipment, operating, maintenance and general expenses, or regulated fuel for generation and purchased power.  Inter-company transactions which have not been eliminated are measured at the amount of consideration established and agreed to by the related parties. Eliminated transactions are included in determining reportable segments.</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) Financial results of Emera Florida and New Mexico are from July 1, 2016, the date of the acquisition. </font></td></tr><tr style='height:15pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) Segment net income is reported on a basis that includes internally allocated financing costs. </font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:11.25pt;' ><td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Geographical Information</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Revenues(1):</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Canada</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,510</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,546</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >United States</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,348</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  786</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Barbados</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  254</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  259</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >The Bahamas</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  121</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  154</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Dominica</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  44</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  44</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4,277</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,789</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(1) Revenues are based on country of origin of the product or service sold</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Property Plant and Equipment:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at </font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Canada</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3,791</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3,672</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >United States</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12,724</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,034</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Barbados</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  416</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  402</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >The Bahamas</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  295</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  299</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Dominica</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  64</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  62</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17,290</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6,469</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858289328">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Investments Subject to Significant Influence and Equity Income<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract', window );"><strong>Investments Subject to Significant Influence and Equity Earnings [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityMethodInvestmentsDisclosureTextBlock', window );">INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE AND EQUITY INCOME</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >6.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >INVESTMENTS SUBJECT TO SIGNIFICANT INFLUENCE AND EQUITY INCOME</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Investments subject to significant influence consisted of the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:115.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:115.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equity Income</font></td><td style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Percentage</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:123.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Carrying Value</font></td><td colspan='4' rowspan='1' style='width:115.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:115.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the year ended</font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >of</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='4' rowspan='1' style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at December 31</font></td><td colspan='4' rowspan='1' style='width:115.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:115.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Ownership</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >LIL </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  400</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  208</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  24</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  62.7</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NSPML</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  315</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  188</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  21</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  15</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  100.0</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >M&amp;NP</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > (2)</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  175</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  189</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  23</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12.9</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Lucelec </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  39</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  19.1</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >APUC  </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  504</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  18</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  37</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Bear Swamp</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > (4)</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  17</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  50.0</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other Investments</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  18</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  17</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  947</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,145</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  100</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:27.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  108</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='10' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Emera indirectly owns 100 per cent of the Class B units, which comprises 24.9 per cent of the total units issued.</font></td></tr><tr style='height:21pt;' ><td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) Although Emera&#8217;s ownership percentage of these entities is relatively low, it is considered to have significant influence over the operating and financial decisions of these companies through Board representation. Therefore, Emera records its investment in these entities using the equity method.  This is consistent with industry practice for similar investments with significant influence.</font></td></tr><tr style='height:21pt;' ><td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) On May 24, 2016, Emera completed the sale of 50.1 million common shares or 19.3 per cent of APUC&#39;s issued and outstanding common shares.  This resulted in a pre-tax gain of $172 million (after-tax gain of $146 million), which was recorded in &quot;Other income (expenses), net&quot; in Q2 2016.  On June 30, 2016, Emera exchanged 12.9 million of APUC subscription receipts and dividend equivalents into common shares.  This resulted in a pre-tax gain of $63 million (after-tax gain of $53 million), which was recorded in &quot;Other income (expenses), net&quot; in Q2 2016.  As a result of these transactions, Emera reclassified its investment in APUC from &quot;Investments Subject to Significant Influence&quot; to &quot;Investment Securities&quot; on the Consolidated Balance Sheets in Q2 2016, recorded at fair value.  On December 8, 2016, Emera completed the sale of 12.9 million common shares or 4.7 per cent of APUC&#39;s issued and outstanding common shares.  This sale resulted in a pre-tax loss of $12 million (after-tax loss of $10 million), which was recorded in &quot;Other income (expenses), net&quot; in Q4 2016.  Emera no longer holds any interest in APUC.</font></td></tr><tr style='height:21pt;' ><td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4) The investment balance in Bear Swamp is in a credit position primarily a result of a $179 million distribution received in Q4 2015. Bear Swamp&#39;s credit investment balance of $217 million (2015 - $225 million) is recorded in &quot;Other long-term liabilities&quot; on the Consolidated Balance Sheets.</font></td></tr><tr style='height:10.5pt;' ><td style='width:173.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:173.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:27.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:27.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='10' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Equity investments include a $14 million difference between the cost and the underlying fair value of the investees&#39; assets as at the date of acquisition.&#160; The excess is attributable to goodwill.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Emera accounts for its variable interest investment in NSPML as an equity investment (note 33). NSPML&#39;s consolidated summarized balance sheets are illustrated as follows:</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Balance Sheets</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current assets</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  439</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  439</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,132</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  648</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-current assets</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  276</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  554</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total assets</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,847</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,641</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  219</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  130</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term debt</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,288</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,288</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-current liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  25</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  35</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equity</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  315</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  188</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total liabilities and equity</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,847</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,641</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66011266&amp;loc=d3e33918-111571<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 35<br> -Paragraph 35<br> -URI http://asc.fasb.org/extlink&amp;oid=64825282&amp;loc=d3e32847-111569<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 35<br> -Paragraph 32<br> -URI http://asc.fasb.org/extlink&amp;oid=64825282&amp;loc=d3e32787-111569<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876868640">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Income (Expenses), Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndExpensesAbstract', window );"><strong>Other Income (Expenses), Net [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock', window );">OTHER INCOME (EXPENSES), NET</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >7</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >OTHER </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >INCOME (EXPENSES), NET</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Other income (expenses), net consisted of the following:</font></td><td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:36.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:36.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:27pt;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td colspan='4' rowspan='1' style='width:128.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:128.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:36.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:27pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Gain on sale of APUC common shares</font><font style='font-family:Arial;font-size:9pt;color:#000000;' > (note 6)</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  160</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Gain on conversion of APUC subscription receipts and dividend equivalents to common shares of APUC </font><font style='font-family:Arial;font-size:9pt;color:#000000;' > (note 6)</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  63</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Gain on BLPC Self-Insurance Fund (&quot;SIF&quot;) regulatory liability </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  53</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Allowance for equity funds used during construction</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  22</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange (losses) gains and mark-to-market adjustments related to the TECO Energy acquisition </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (135)</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  119</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Gain on sale of NWP investment  </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  19</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other </font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:339.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:339.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:36.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:36.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  174</font></td><td style='width:27pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:27pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  141</font></td></tr><tr style='height:21pt;' ><td colspan='5' rowspan='1' style='width:468pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) In June 2016, BLPC secured support from the Government of Barbados and the Trustees of the SIF to reduce the contingency funding in the SIF to $22 million USD.  As a result, Emera reduced the SIF regulatory liability to $30 million ($22 million USD) and recorded a pre-tax gain of $53 million (after-tax gain of $43 million).</font></td></tr><tr style='height:31.5pt;' ><td colspan='5' rowspan='1' style='width:468pt;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) Mark-to-market adjustments included in Emera&#8217;s other income related to the effect of TECO Energy convertible debenture related USD-denominated currency and forward contracts.  These contracts were put in place to economically hedge the anticipated proceeds from the 2015 sale of $2.185 billion 4 per cent convertible unsecured subordinated debentures represented by instalment receipts (&#8220;the Debenture Offering&#8221; or &#8220;Debentures&#8221; or &#8220;Convertible Debentures&#8221;) for the TECO Energy acquisition. </font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468pt;text-align:left;vertical-align:top;border-color:Black;min-width:468pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) On January 25, 2015, Emera completed the sale of its 49 per cent interest in NWP.  This resulted in a pre-tax gain of $19 million (after-tax gain of $12 million).</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.3,6,7,9)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876820176">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Interest Expense, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock', window );">INTEREST EXPENSE, NET</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >8.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >INTEREST EX</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >PENSE, NET</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Interest expense, net consisted of the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:127.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest on debt </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  443</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  193</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Beneficial conversion feature </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(note 10) </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  62</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest on Convertible Debentures </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(note 10) </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  65</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest on acquisition credit facility related to the TECO Energy acquisition </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(note 4) </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Allowance for borrowed funds used during construction</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (13)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest revenue</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (6)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  19</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  585</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  212</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for interest income and interest expense for enterprises that derive a significant portion of their revenue from interest collected on investments, loans, and securities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 225<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-04.1-12)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876868640">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureAbstract', window );"><strong>Income Taxes [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">INCOME TAXES</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >9.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >INCOME TAXE</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >S</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:21pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The income tax provision, for the years ended December 31, differs from that computed using the statutory income tax rate for the following reasons:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income before provision for income taxes</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  244</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  545</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Statutory income tax rate</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >31%</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >31%</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income taxes, at statutory income tax rates</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  76</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  169</font></td></tr><tr style='height:21pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred income taxes on regulated income recorded as regulatory assets and regulatory liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (47)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (31)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-taxable portion of gains on APUC transactions</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (34)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-deductible (non-taxable) portion of foreign exchange and mark-to-market adjustments related to the TECO Energy acquisition</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  21</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (18)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Financing deductions</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (17)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (10)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tax effect of equity earnings</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (10)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (11)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Manufacturing and investment allowances</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (7)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (5)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign tax rate variance</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (5)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (22)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  93</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Effective income tax rate</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(9%)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >17%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The statutory income tax rate of 31 per cent represents the combined Canadian federal and Nova Scotia and New Brunswick provincial corporate income tax rates, which are the relevant tax jurisdictions for Emera.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following reflects the composition of </font><font style='font-family:Arial;font-size:10pt;' >taxes on income from continuing operations presented in the Consolidated Statements of Income for the years ended December 31:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current income taxes</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Canada</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  13</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     United States</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  18</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  26</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred income taxes</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Canada</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (113)</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     United States</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  151</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Operating loss carry forwards</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Canada</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     United States</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (104)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (22)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  93</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The following reflects the composition of income before provision for income taxes presented in the Consolidated Statements of Income for the years ended December 31:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Canada</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  71</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  349</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     United States</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  44</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  137</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  129</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  59</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income before provision for income taxes</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  244</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  545</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The deferred income tax assets and liabilities presented in the Consolidated Balance Sheets as at December 31 consisted of the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Deferred income tax assets:</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tax loss carry forwards</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,036</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  72</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory liabilities - cost of removal</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  388</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tax credit carry forwards</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  318</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  7</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Derivative instruments</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  173</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  204</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pension and post-retirement liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  147</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  129</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory liabilities &#8211; deferrals related to derivative instruments</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  101</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  94</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Asset retirement obligations</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  47</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  47</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  355</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  136</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total deferred income tax assets before valuation allowance</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,565</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  731</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Valuation allowance</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (58)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (18)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total deferred income tax assets after valuation allowance</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,507</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  713</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Deferred income tax (liabilities):</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Property, plant and equipment</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (3,625)</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (960)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Derivative instruments</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (202)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (264)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net investment in direct financing lease</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (103)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (89)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (124)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (130)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total deferred income tax liabilities </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (4,054)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1,443)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Consolidated Balance Sheets presentation:</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term deferred income tax assets</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  125</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  32</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term deferred income tax liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1,672)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (762)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net deferred income tax liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1,547)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (730)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >For regulated entities, to the extent deferred income taxes are expected to be recovered from or returned to customers in future rates, a regulatory asset or liability is recognized, unless specifically directed otherwise by a regulator. These amounts </font><font style='font-family:Arial;font-size:10pt;' >include a gross up to reflect the income tax associated with future revenues required to fund these deferred income tax liabilities, and the income tax benefits associated with reduced revenues resulting from the realization of deferred income tax assets. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s gross net o</font><font style='font-family:Arial;font-size:10pt;' >perating loss (&#8220;NOL&#8221;) carry forwards</font><font style='font-family:Arial;font-size:10pt;' >, capital loss carry</font><font style='font-family:Arial;font-size:10pt;' > forwards and tax credit</font><font style='font-family:Arial;font-size:10pt;' > carry</font><font style='font-family:Arial;font-size:10pt;' > forwards</font><font style='font-family:Arial;font-size:10pt;' > as at </font><font style='font-family:Arial;font-size:10pt;' >December 31</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > consisted of the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Canada</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     NOL</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  199</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  103</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Capital loss</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  77</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  84</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >United States</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Federal NOL</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,595</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  48</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     State NOL</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,183</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  225</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Capital loss</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Tax credit</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  318</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:#000000;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  30</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     NOL</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  22</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12.75pt;' ><td colspan='8' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The following table summarizes as at December 31, 2016 the deferred tax assets associated with NOL, capital loss and tax credit carry forwards and the associated expiration periods, and the valuation allowances for amounts which Emera has determined that realization is uncertain:</font></td></tr><tr style='height:12pt;' ><td style='width:191.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:86.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred Tax</font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Valuation</font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net Deferred</font></td><td style='width:86.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Expiration</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Asset</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Allowance</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tax Asset</font></td><td style='width:86.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Period</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Canada</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     NOL</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  61</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  34</font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2026-2036</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Capital loss</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  16</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (16)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Indefinite</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >United States</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Federal NOL</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  908</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  908</font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2024-2036</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     State NOL</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  45</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  44</font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017-2036</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Capital loss</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018-2019</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Tax credit</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  318</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  318</font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019-2036</font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:191.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:191.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     NOL</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:86.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:86.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017-2023</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Considering all evidence regarding the utilization of the Company&#8217;s deferred income tax assets, it has been determined that Emera is more likely than not to realize all recorded deferred income tax assets, except for the loss carry forwards noted above </font><font style='font-family:Arial;font-size:10pt;' >and unrealized capital losses on certain investments.  A valuation allowance of $</font><font style='font-family:Arial;font-size:10pt;' >58</font><font style='font-family:Arial;font-size:10pt;' > million has been recorded as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >(2015 - $</font><font style='font-family:Arial;font-size:10pt;' >18</font><font style='font-family:Arial;font-size:10pt;' > million) related to the loss carry forwards and investments.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following table provides details of the change i</font><font style='font-family:Arial;font-size:10pt;' >n unrecognized tax benefits for the years ended December 31 as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Increases due to tax positions related to current year</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Increases due to tax positions related to a prior year</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  18</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The total amount of unrecognized tax benefits as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >18</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > - $</font><font style='font-family:Arial;font-size:10pt;' >6</font><font style='font-family:Arial;font-size:10pt;' > million),</font><font style='font-family:Arial;font-size:10pt;' > which would affect the effective tax rate if recognized.  The total amount of accrued interest with respect to unrecognized tax benefits was $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > - $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > million).  No penalties have been accrued. </font><font style='font-family:Arial;font-size:10pt;' >The balance of unrecognized tax benefits could</font><font style='font-family:Arial;font-size:10pt;' > change in the next twelve months as a result of resolving Canada Revenue Agency (&#8220;CRA&#8221;) and Internal Revenue Service audits. A reasonable estimate of any change cannot be made at this time.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company intends to indefinitely reinvest earnings from certa</font><font style='font-family:Arial;font-size:10pt;' >in foreign operations.  Accordingly, US and non-US income and withholding taxes for which deferred taxes might otherwise be required have not been provided for on a cumulative amount of temporary differences related to investments in foreign subsidiaries o</font><font style='font-family:Arial;font-size:10pt;' >f approximately $</font><font style='font-family:Arial;font-size:10pt;' >667</font><font style='font-family:Arial;font-size:10pt;' > million as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > - $</font><font style='font-family:Arial;font-size:10pt;' >669 </font><font style='font-family:Arial;font-size:10pt;' >million).  </font><font style='font-family:Arial;font-size:10pt;' >It is impractical to estimate the amount of income and withholding tax that might be payable if a reversal of temporary differences occurred.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera files a Canadian federal income</font><font style='font-family:Arial;font-size:10pt;' > tax return, which includes its Nova Scotia and New Brunswick provincial income tax.  Emera&#8217;s subsidiaries file Canadian, US, Barbados, St. Lucia and Dominica income tax returns.  As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >the Company&#8217;s tax years still open to examination by ta</font><font style='font-family:Arial;font-size:10pt;' >xing authorities include 2005 and subsequent years.  </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI and the CRA are currently in a dispute with respect to the timing of certain tax deductions for NSPI&#8217;s 2006 through 2010 taxation years.  The ultimate permissibility of the tax deductions is not in dispute; rather, it is the timing of those </font><font style='font-family:Arial;font-size:10pt;' >deductions.  The cumulative net amount in dispute to date is $</font><font style='font-family:Arial;font-size:10pt;' >62</font><font style='font-family:Arial;font-size:10pt;' > million, including interest.  NSPI has prepaid $</font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' > million of the amount in dispute, as required by CRA.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Should NSPI be successful in defending its position, all payments including applicabl</font><font style='font-family:Arial;font-size:10pt;' >e interest will be refunded.  If NSPI is unsuccessful in defending any portion of its position, the resulting taxes and applicable interest will be deducted from amounts previously paid, with the excess, if any, owing to CRA. The related tax deductions wil</font><font style='font-family:Arial;font-size:10pt;' >l be available in subsequent years.  Should NSPI receive similar notices of reassessment for the years not currently in dispute, further payments will be required; however, the ultimate permissibility of these deductions would be similarly not in dispute. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI and its advisors believe that NSPI has reported its tax position appropriately and NSPI is disputing the reassessments through the CRA Appeal process. NSPI continues to assess its options to resolving the dispute however the outcome of the Appeal pr</font><font style='font-family:Arial;font-size:10pt;' >ocess is not determinable at this time.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6598262336">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Common Stock<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">COMMON STOCK</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >10.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >COMMON STOCK</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='2' rowspan='1' style='width:312pt;text-align:left;vertical-align:top;border-color:Black;min-width:312pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Authorized</font><font style='font-family:Arial;font-size:10pt;color:#000000;' >:  Unlimited number of non-par value common shares.</font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:42.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:99pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:99pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:100.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:100.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:31.5pt;' ><td style='width:270.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Issued and outstanding:</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of shares</font></td><td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:57.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > millions of Canadian dollars</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of shares</font></td><td colspan='2' rowspan='1' style='width:57.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:57.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > millions of Canadian dollars</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  147.21</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,157</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  143.78</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,016</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Conversion of Convertible Debentures </font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  51.99</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,115</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Issuance of common stock (1)</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  7.69</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  338</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1.25</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  54</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Issued for cash under Purchase Plans at market rate </font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2.51</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  115</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2.10</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  88</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount on shares purchased under Dividend Reinvestment Plan</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (5)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Options exercised under senior management share option plan</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  0.62</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  0.08</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Stock-based compensation</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:270.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:270.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  210.02</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4,738</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  147.21</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:42.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:42.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,157</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:477.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:477.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) In Q1 2016, Emera issued 0.06 million common shares to facilitate the creation and issuance of 0.2 million depositary receipts in connection with the ECI amalgamation transaction. The depositary receipts are listed on the Barbados Stock Exchange. In addition, Emera completed an offering of 7.63 million common shares in December 2016, at $45.25 per common share, for net proceeds of approximately $345 million.  The net proceeds were $335 million after $10 million of issuance costs, net of taxes.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > there were the following common shares reserved for issuance: </font><font style='font-family:Arial;font-size:10pt;' >6.6 </font><font style='font-family:Arial;font-size:10pt;' >million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; </font><font style='font-family:Arial;font-size:10pt;' >7.3</font><font style='font-family:Arial;font-size:10pt;' > million) under the senior management stock option plan, </font><font style='font-family:Arial;font-size:10pt;' >1.5 </font><font style='font-family:Arial;font-size:10pt;' >million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; </font><font style='font-family:Arial;font-size:10pt;' >1.6 </font><font style='font-family:Arial;font-size:10pt;' >million) under the employee common share purchase plan </font><font style='font-family:Arial;font-size:10pt;' >and </font><font style='font-family:Arial;font-size:10pt;' >7.9 </font><font style='font-family:Arial;font-size:10pt;' >million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; </font><font style='font-family:Arial;font-size:10pt;' >3.3 </font><font style='font-family:Arial;font-size:10pt;' >million) under the dividend reinvestment plan.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The issuance of common shares under the current or proposed common share compensation arrangements will not exceed </font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > per cent of Emera&#39;s outstanding common shares</font><font style='font-family:Arial;font-size:10pt;' >. </font><font style='font-family:Arial;font-size:10pt;' >As at Dece</font><font style='font-family:Arial;font-size:10pt;' >mber 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' >, Emera is in compliance with this requirement.</font><font style='font-family:Arial;font-size:10pt;' >  </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Convertible Debentures</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On September 28, 2015, to finance a portion of the acquisition of TECO Energy, Emera, through a direct wholly owned subsidiary (the &#8220;Selling Debentureholder&#8221;) completed the sale of $1.9 billion aggregate principal amount of 4.0 per</font><font style='font-family:Arial;font-size:10pt;' > cent convertible unsecured subordinated debentures, represented by instalment receipts. On October 2, 2015, in connection with the Debenture Offering, the underwriters fully exercised an over-allotment option and purchased an additional $285 million aggre</font><font style='font-family:Arial;font-size:10pt;' >gate principal amount of Debentures at the Debenture Offering price. The sale of the additional Debentures brought the aggregate proceeds of the Debenture Offering to $2.185 billion.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Debentures were sold on an instalment basis at a price of $1,000 per</font><font style='font-family:Arial;font-size:10pt;' > Debenture, of which</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >$333 (the &#8220;First Instalment&#8221;) was paid on closing of the Debenture Offerings on September 28, 2015 and</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >October 2, 2015, and the remaining $667 (the &#8220;Final Instalment&#8221;) was payable on August 2, 2016 (the &#8220;Final Instalment Date&#8221;). Prior </font><font style='font-family:Arial;font-size:10pt;' >to the Final Instalment Date, the Debentures were represented by instalment receipts. The instalment receipts traded on the Toronto Stock Exchange (&#8220;TSX&#8221;) from September 28, 2015 to August 2, 2016 under the symbol &#8220;EMA.IR&#8221;. The Debentures will mature on Se</font><font style='font-family:Arial;font-size:10pt;' >ptember 29, 2025 and, as of the Final Instalment Date, bear interest at 0 per cent.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The proceeds of the first instalment and the over-allotment of the Debentures were $727.6 million ($681.4 million net of issue costs).  The proceeds of the final instalmen</font><font style='font-family:Arial;font-size:10pt;' >t payment were $1.457 billion ($1.413 billion net of issue costs).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Final Instalment Notice was issued by Emera on June 29, 2016 with a payable date of August 2, 2016.</font><font style='font-family:Arial;font-size:10pt;' >  </font><font style='font-family:Arial;font-size:10pt;' >At the option of the holde</font><font style='font-family:Arial;font-size:10pt;' >rs, each fully paid Debenture was</font><font style='font-family:Arial;font-size:10pt;' > convertible into common sha</font><font style='font-family:Arial;font-size:10pt;' >res of Emera at any time after the Final Instalment Date, but prior to the earlier of maturity or redemption by the Company, at a conversion price of </font><font style='font-family:Arial;font-size:10pt;' >$41.85 per common share. This was</font><font style='font-family:Arial;font-size:10pt;' > a conversion rate of 23.8949 common shares per $1,000 principal amount o</font><font style='font-family:Arial;font-size:10pt;' >f Debentures. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As the Final Instalment Date </font><font style='font-family:Arial;font-size:10pt;' >occurred prior to the first anniversary of the closing of the Debenture Offering, holders of the convertible debentures who paid the final instalment by August 2, 2016 received, in addition to the payment of acc</font><font style='font-family:Arial;font-size:10pt;' >rued and unpaid interest, a make-whole payment</font><font style='font-family:Arial;font-size:10pt;' >.  This represented </font><font style='font-family:Arial;font-size:10pt;' >the interest that would have accrued from the day following the Final Instalment Date up to and including</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >September 28, 2016.  </font><font style='font-family:Arial;font-size:10pt;' >Recorded in the </font><font style='font-family:Arial;font-size:10pt;' >year</font><font style='font-family:Arial;font-size:10pt;' > ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016 is $65</font><font style='font-family:Arial;font-size:10pt;' > million</font><font style='font-family:Arial;font-size:10pt;' > ($4</font><font style='font-family:Arial;font-size:10pt;' >5 </font><font style='font-family:Arial;font-size:10pt;' >million after-tax) of interest expense related</font><font style='font-family:Arial;font-size:10pt;' > to the Convertible Debentures including the $21 million ($14</font><font style='font-family:Arial;font-size:10pt;' > million after-tax) make-whole paymen</font><font style='font-family:Arial;font-size:10pt;' >t in Q2 2016 (note </font><font style='font-family:Arial;font-size:10pt;' >8</font><font style='font-family:Arial;font-size:10pt;' >).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, a total of </font><font style='font-family:Arial;font-size:10pt;' >51.99 million common shares of the C</font><font style='font-family:Arial;font-size:10pt;' >ompany were is</font><font style='font-family:Arial;font-size:10pt;' >sued, representing conversion in</font><font style='font-family:Arial;font-size:10pt;' >to common shares of more than 99.6 per cent</font><font style='font-family:Arial;font-size:10pt;' > of the Convertible Debentures. </font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >After the</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >Final Instalment Date of August 2, 2016, debentures not converted may be redeemed by Emera at a price</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >equal to their principal amount. At </font><font style='font-family:Arial;font-size:10pt;' >maturity, Emera has the right to pay the principal amount due in</font><font style='font-family:Arial;font-size:10pt;' > common shares to </font><font style='font-family:Arial;font-size:10pt;' >the debenture holders that have not converted, which will be valued at 95 per cent of</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >the weighted average trading price on the TSX for the 20 consecutive trading days ending</font><font style='font-family:Arial;font-size:10pt;' > five trading</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >days preceding the maturity date.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section S99<br> -Paragraph 4<br> -Subparagraph (SAB Topic 4.E)<br> -URI http://asc.fasb.org/extlink&amp;oid=27010918&amp;loc=d3e74567-122707<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21484-112644<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21488-112644<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(e))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 4<br> -Subparagraph (SAB Topic 4.C)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187143-122770<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(30))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21506-112644<br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(d))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23285-112656<br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Preferred Stock<br> -URI http://asc.fasb.org/extlink&amp;oid=6521494<br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21564-112644<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876869216">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareTextBlock', window );">EARNINGS PER SHARE</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >11.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >EARNINGS PER SH</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >ARE</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Basic earnings per share (&#8220;EPS&#8221;) is determined by dividing net income attributable to common shareholders by the weighted average number of common shares and DSUs outstanding during the period.  Diluted EPS is computed by dividing net income attributable</font><font style='font-family:Arial;font-size:10pt;' > to common shareholders by the weighted average number of common shares and DSUs outstanding during the period, adjusted for the exercise and/or conversion of all potentially dilutive securities.&#160; Such dilutive items include Company contributions to the se</font><font style='font-family:Arial;font-size:10pt;' >nior management stock option plan, convertible debentures and shares issued under the dividend reinvestment plan.</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The following table reconciles the computation of basic and diluted earnings per share:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:30pt;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:112.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars (except per share amounts)</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Numerator</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net income attributable to common shareholders</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  227.2</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  397.2</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Convertible Debentures </font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  0.2</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Diluted numerator</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  227.4</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  397.2</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Denominator</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average shares of common stock outstanding </font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  170.4</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  144.9</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average deferred share units outstanding</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1.0</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  0.9</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average shares of common stock outstanding &#8211; basic</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  171.4</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  145.8</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Stock-based compensation </font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  0.6</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  0.6</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Convertible Debentures</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  0.2</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Weighted average shares of common stock outstanding &#8211; diluted</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  172.2</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  146.4</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Earnings per common share</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Basic </font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1.33</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2.72</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Diluted</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1.32</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2.71</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for earnings per share.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1278-109256<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64863997&amp;loc=d3e1252-109256<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 55<br> -Paragraph 52<br> -URI http://asc.fasb.org/extlink&amp;oid=65016374&amp;loc=d3e4984-109258<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 225<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.5-03.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=63488584&amp;loc=d3e20235-122688<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855976192">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Accumulated Other Comprehensive Income (Loss)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract', window );"><strong>Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ComprehensiveIncomeNoteTextBlock', window );">ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >12.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >ACCUMULATED OTHER COMPREHEN</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >SIVE INCOME (LOSS)</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='13' rowspan='1' style='width:483.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The components of accumulated other comprehensive income are as follows:</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:35.25pt;' ><td style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(Losses) gains on derivatives recognized as cash flow hedges</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net change in unrecognized pension and post-retirement benefit costs</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net change in net investment hedges</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net change on available-for-sale investments</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized (loss) gain on translation of self-sustaining foreign operations</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total AOCI</font></td></tr><tr style='height:10.5pt;' ><td colspan='13' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the year ended December 31, 2016</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1, 2016</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (35)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (318)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  490</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  137</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other comprehensive income (loss) before reclassifications</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (49)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  35</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:21pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amounts reclassified from accumulated other comprehensive income loss</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  19</font></td></tr><tr style='height:21pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equity method reclassification adjustments</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (8)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (35)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (46)</font></td></tr><tr style='height:21pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net current period other comprehensive income (loss)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (49)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other   </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31, 2016</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (21)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (309)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (49)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  486</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  106</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:31.5pt;' ><td style='width:123.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(Losses) gains on derivatives recognized as cash flow hedges</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net change in unrecognized pension and post-retirement benefit costs</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net change in net investment hedges</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net change on available-for-sale investments</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized (loss) gain on translation of self-sustaining foreign operations</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total AOCI</font></td></tr><tr style='height:10.5pt;' ><td colspan='13' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the year ended December 31, 2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1, 2015</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (8)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (425)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  82</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (348)</font></td></tr><tr style='height:21pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other comprehensive income (loss) before reclassifications</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (34)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  408</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  371</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amounts reclassified from accumulated other comprehensive income loss (gain)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  7</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  107</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  114</font></td></tr><tr style='height:21pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net current period other comprehensive income (loss)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  107</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  408</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  485</font></td></tr><tr style='height:10.5pt;' ><td style='width:123.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31, 2015</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (35)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (318)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  490</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  137</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='6' rowspan='1' style='width:474pt;text-align:left;vertical-align:top;border-color:Black;min-width:474pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The reclassifications out of accumulated other comprehensive income (loss) are as follows:</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:221.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Affected line item in the Consolidated Statements of Income</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:84pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:84pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amounts reclassified from AOCI</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Losses (gain) on derivatives recognized as cash flow hedges</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Power and gas swaps</font></td><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-regulated fuel for generation and purchased power</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (5)</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Interest rate swaps</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income from equity investments</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Foreign exchange forwards</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Operating revenue - regulated</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total before tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total net of tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  7</font></td></tr><tr style='height:21pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net change in unrecognized pension and post-retirement benefit costs</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Actuarial losses (gains)</font></td><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >OM&amp;G</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  41</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  50</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Past service costs (gains)</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >OM&amp;G</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (9)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (7)</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Amounts reclassified into obligations</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pension and post-retirement benefits</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (17)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  72</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total before tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  115</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (3)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (8)</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total net of tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  107</font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net change in available-for-sale investments</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other income (expenses), net</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (4)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total before tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (4)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total net of tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (4)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Equity method reclassification adjustments</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Investments subject to significant influence</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  54</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total before tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  54</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (8)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total net of tax</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  46</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:159.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:159.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total reclassifications out of AOCI, net of tax, for the period</font></td><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  65</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  114</font></td></tr></table></div><span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTaxAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ComprehensiveIncomeNoteTextBlock">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e689-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 12<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e640-108580<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 17<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e716-108580<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 16<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e709-108580<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=27012166&amp;loc=d3e187085-122770<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e637-108580<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 220<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=66004124&amp;loc=d3e681-108580<br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Reclassification Adjustments<br> -URI http://asc.fasb.org/extlink&amp;oid=6522872<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876866912">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables, Net<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesAbstract', window );"><strong>Receivables [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock', window );">RECEIVABLES, NET</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >13.  RECEIVABLES, NET</font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:13.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Receivables, net consisted of the following:</font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Customer accounts receivable &#8211; billed</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  715</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  406</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Customer accounts receivable &#8211; unbilled</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  270</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  144</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total customer accounts receivable</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  985</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  550</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Allowance for doubtful accounts</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (13)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (12)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Customer accounts receivable, net</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  972</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  538</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  42</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  40</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,014</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  578</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66008989&amp;loc=d3e5066-111524<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 946<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.6-04(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=6488278&amp;loc=d3e603758-122996<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=66008989&amp;loc=d3e5162-111524<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=66008989&amp;loc=d3e5074-111524<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6745156032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Inventory<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureAbstract', window );"><strong>Inventory [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureTextBlock', window );">INVENTORY</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:15.75pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >14.  INVENTORY</font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Inventory consisted of the following: </font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fuel </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  235</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  185</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Materials </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  215</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  100</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emission credits</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > (1)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  22</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  472</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  314</font></td></tr><tr style='height:36.75pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)The NEGG Facilities are subject to the Acid Rain Program for sulphur dioxide emissions and the Regional Greenhouse Gas Initiative (&quot;RGGI&quot;) for carbon dioxide emissions. The emissions credits inventory balance represents the credits purchased to offset the other current liabilities and other long-term liabilities associated with these programs.</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6876867488">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Derivative Instruments<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract', window );"><strong>Derivative Instruments [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock', window );">DERIVATIVE INSTRUMENTS</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >15.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >DERIVATIVE INSTRUMENTS</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company enters into futures, forwards, swaps and option contracts as part of its risk management strategy to limit exposure to:</font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >commodity price fluctuations related to the purchase and sale of commodities in the course</font><font style='font-family:Arial;font-size:10pt;' > of normal operations;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >foreign exchange fluctuations on foreign currency denominated purchases and sales; and</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >interest rate fluctuations on debt securities.</font></li></ul><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company also enters into physical contracts for energy commodities.  Collectively, these contra</font><font style='font-family:Arial;font-size:10pt;' >cts are considered &#8220;derivatives&#8221;.  The Company accounts for derivatives under one of the following four approaches:</font></p><ul style='margin-top:0pt;' ><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >Physical contracts that meet the normal purchases normal sales (&#8220;NPNS&#8221;) exemption are not recognized on the balance sheet; they are recogniz</font><font style='font-family:Arial;font-size:10pt;' >ed in income when they settle.  A physical contract generally qualifies for the NPNS exemption if the transaction is reasonable in relation to the Company&#8217;s business needs, the counterparty owns or controls resources within the proximity to allow for physi</font><font style='font-family:Arial;font-size:10pt;' >cal delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty credit worthy.  The Company continually assesses contracts designated under the NPNS exemption and will discontinue the treatment of the</font><font style='font-family:Arial;font-size:10pt;' >se contracts under this exception if the criteria are no longer met.  </font></li><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >Derivatives that qualify for hedge accounting are recorded at fair value on the balance sheet.  Derivatives qualify for hedge accounting if they meet stringent documentation requirement</font><font style='font-family:Arial;font-size:10pt;' >s and can be proven to effectively hedge the identified cash flow risk both at the inception and over the term of the derivative.  Specifically for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI a</font><font style='font-family:Arial;font-size:10pt;' >nd recognized in income in the same period the related hedged item is realized.  Any ineffective portion of the change in fair value from cash flow hedges is recognized in net income in the reporting period.</font></li><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >Where the documentation or effectiveness require</font><font style='font-family:Arial;font-size:10pt;' >ments are not met, the derivatives are recognized at fair value with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.</font></li><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >Derivatives entered into by Tampa Electric, PGS, NMGC, NS</font><font style='font-family:Arial;font-size:10pt;' >PI and GBPC that are documented as economic hedges, and for which the NPNS exception has not been taken, are subject to regulatory accounting treatment.&#160; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities.</font><font style='font-family:Arial;font-size:10pt;' > The change in fair value of the derivatives is deferred to a regulatory asset or liability.&#160; The gain or loss is recognized in the hedged item when the hedged item is settled.&#160; Management believes that any gains or losses resulting from settlement of thes</font><font style='font-family:Arial;font-size:10pt;' >e derivatives related to fuel for generation and purchased power will be refunded to or collected from customers in future rates.</font></li><li style='list-style:decimal;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Derivatives that do not meet any of the above criteria are designated as HFT derivatives and are recorded on the balance sheet</font><font style='font-family:Arial;font-size:10pt;' > at fair value, with changes normally recorded in net income of the period, unless deferred as a result of regulatory accounting.  The Company has not elected to designate any derivatives to be included in the HFT category where another accounting treatmen</font><font style='font-family:Arial;font-size:10pt;' >t would apply.</font></li></ul></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15.75pt;' ><td colspan='9' rowspan='1' style='width:483.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:483.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Derivative assets and liabilities relating to the foregoing categories consisted of the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Derivative Assets</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Derivative Liabilities</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:67.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Current</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash flow hedges</font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  15</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Coal purchases</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  26</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Power purchases</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Natural gas purchases and sales</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  28</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Heavy fuel oil purchases</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  56</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  85</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  10</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Physical natural gas purchases and sales</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  119</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  89</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  43</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  33</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  151</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  44</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  119</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, futures, forwards, physical contracts</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  93</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  99</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  357</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  359</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange options</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  126</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  250</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  401</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  480</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Other derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total gross current derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  250</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  439</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  430</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  538</font></td></tr><tr style='height:21pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Impact of master netting agreements with intent to settle net or simultaneously</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (105)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (189)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (105)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (189)</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total current derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  145</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  250</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  325</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  349</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Long-term</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash flow hedges</font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  27</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  13</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  31</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Coal purchases</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  57</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Power purchases</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Natural gas purchases and sales</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Heavy fuel oil purchases</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  17</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  50</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  121</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  120</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  121</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  8</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  21</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  13</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  27</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  28</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, futures, forwards and physical contracts</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  18</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  72</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  127</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  63</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange options</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  32</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  86</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  154</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Other derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest rate swap</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total gross long-term derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  157</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  219</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  176</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  147</font></td></tr><tr style='height:21pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Impact of master netting agreements with intent to settle net or simultaneously</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (26)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (51)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (26)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (51)</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total long-term derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  131</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  168</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  150</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  96</font></td></tr><tr style='height:10.5pt;' ><td style='width:221.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:221.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total derivatives</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  276</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  418</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  475</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  445</font></td></tr><tr style='height:28.5pt;' ><td colspan='9' rowspan='1' style='width:483.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:483.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Derivative assets and liabilities are classified as current or long-term based upon the maturities of the underlying contracts.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Details of master netting agreements, shown net on the Consolidated Balance Sheets, are summarized in the following table:</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:108.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Derivative Assets</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:108.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:108.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Derivative Liabilities</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory deferral</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >HFT derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  121</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  121</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td></tr><tr style='height:30.75pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total impact of master netting agreements with</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >intent to settle net or simultaneously</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  131</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  131</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cash Flow Hedges</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company enters into various derivatives designated as cash flow hedges.  Emera enters into power swaps to limit Bear Swamp&#8217;s exposure to purchased power prices.  Emera also enters into interest rate swaps to fix Bear Swamp&#8217;s</font><font style='font-family:Arial;font-size:10pt;' > cost of debt.  The Company also enters into foreign exchange forwards to hedge the currency risk for revenue streams denominated in foreign currency for Brunswick Pipeline.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As previously noted, the effective portion of the change in fair value of these</font><font style='font-family:Arial;font-size:10pt;' > derivatives is included in AOCI, until the hedged transactions are recognized in income.  The ineffective portion is recognized in income of the period. The amounts related to cash flow hedges recorded in income and AOCI consisted of the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:176.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td colspan='12' rowspan='1' style='width:292.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:292.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:11.1pt;' ><td colspan='1' rowspan='3' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Interest</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Foreign</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign</font></td></tr><tr style='height:11.1pt;' ><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Power</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >rate</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >exchange</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >rate</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >exchange</font></td></tr><tr style='height:11.1pt;' ><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >forwards</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >forwards</font></td></tr><tr style='height:24pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized gain (loss) in non-regulated fuel for generation and purchased power</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:24pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized gain (loss) in operating revenue &#8211; Regulated</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (12)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (9)</font></td></tr><tr style='height:24pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized gain (loss) in income from equity investments</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total gains (losses) in Net income</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (12)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (9)</font></td></tr><tr style='height:10.5pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:176.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='12' rowspan='1' style='width:292.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:292.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:176.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td colspan='1' rowspan='3' style='width:176.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Interest</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Foreign</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign</font></td></tr><tr style='height:10.5pt;' ><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Power</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >rate</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >exchange</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >rate</font></td><td colspan='2' rowspan='1' style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >exchange</font></td></tr><tr style='height:10.5pt;' ><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >forwards</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >forwards</font></td></tr><tr style='height:24.75pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total unrealized gain (loss) in AOCI &#8211; effective portion, net of tax</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (22)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (42)</font></td></tr><tr style='height:10.5pt;' ><td style='width:176.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:176.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:30pt;' ><td colspan='13' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The Company expects $14 million of unrealized losses currently in AOCI to be reclassified into net income within the next twelve months, as the underlying hedged transactions settle.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:21pt;' ><td colspan='9' rowspan='1' style='width:458.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:458.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >As at December 31, 2016, the Company had the following notional volumes of outstanding derivatives designated as cash flow hedges that are expected to settle as outlined below:</font></td></tr><tr style='height:10.5pt;' ><td style='width:248.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:248.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:248.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2017</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td></tr><tr style='height:10.5pt;' ><td style='width:248.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards (USD) sales</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  53</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  45</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  30</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  30</font></td></tr><tr style='height:10.5pt;' ><td style='width:248.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:248.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards (EURO) purchases</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Regulatory Deferral</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As previously noted, </font><font style='font-family:Arial;font-size:10pt;' >Tampa Electric, PGS</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >NMGC</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >NSPI and GBPC defer gains and losses on certain derivatives documented as economic hedges, including certain physical contracts that do not qualify for the NPNS exemption.</font><font style='font-family:Arial;font-size:10pt;' >  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company</font><font style='font-family:Arial;font-size:10pt;' > has recorded the following changes in realized and unrealized gains (losses) with respect to derivatives receiving regulatory deferral:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:153.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td colspan='12' rowspan='1' style='width:315pt;text-align:right;vertical-align:top;border-color:Black;min-width:315pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:31.5pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Commodity swaps and forwards</font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Physical natural gas purchases and sales</font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Foreign exchange forwards</font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Physical natural gas purchases and sales</font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized gain (loss) in regulatory assets</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  40</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (24)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (7)</font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized gain (loss) in regulatory liabilities</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  101</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (30)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  173</font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized (gain) loss in regulatory assets</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized (gain) loss in regulatory liabilities</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (8)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized (gain) loss in property, plant and equipment</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized (gain) loss in inventory </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (44)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (44)</font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized (gain) loss in regulated fuel for generation and purchased power </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (18)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (16)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (7)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (18)</font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total change derivative instruments</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  163</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (90)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (30)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:3;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  103</font></td></tr><tr style='height:10.5pt;' ><td colspan='13' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:3;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:#000000;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Realized (gains) losses will be recognized in fuel for generation and purchased power when the hedged item is consumed.</font></td></tr><tr style='height:10.5pt;' ><td colspan='13' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) Realized (gains) losses on derivative instruments settled and consumed in the period; hedging relationships that have been terminated or the hedged transaction is no longer probable.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Commodity Swaps and Forwards</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > the Company had the following notional volumes of commodity swaps and forward</font><font style='font-family:Arial;font-size:10pt;' > contracts</font><font style='font-family:Arial;font-size:10pt;' > designated for regulatory deferral that are expected to settle as outlined below:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:334.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2017</font></td><td style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018-2020</font></td></tr><tr style='height:10.5pt;' ><td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions </font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Purchases</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Purchases</font></td></tr><tr style='height:10.5pt;' ><td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Coal (metric tonnes)</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural Gas (Mmbtu)</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  42</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  24</font></td></tr><tr style='height:10.5pt;' ><td style='width:334.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:334.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Heavy fuel oil (bbls)</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Foreign Exchange Swaps and Forwards</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > the Company had the following notional volumes of foreign exchange swaps and forward contracts </font><font style='font-family:Arial;font-size:10pt;' >related to commodity contr</font><font style='font-family:Arial;font-size:10pt;' >acts that are expected to settle as outlined below:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:78.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:78.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018-2020</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fuel purchases exposure (millions of US dollars)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  224</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average rate</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1.0722</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1.1138</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >% of USD requirements</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >120%</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >44%</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:28.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The Company reassesses foreign exchange forecasts periodically and will enter into additional hedges or unwind existing hedges, as required.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Held-for-Trading Derivatives</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In the ordinary course of its business, Emera enters into physical contracts for the purchase and sale of natural gas</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > a</font><font style='font-family:Arial;font-size:10pt;' >s well as</font><font style='font-family:Arial;font-size:10pt;' > power and natural gas swaps, forwards and futures to economically hedge those physical contracts.  These derivatives are all considered HFT.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has recognized the following realized and unrealized gains (losses) with respect to HFT derivatives</font><font style='font-family:Arial;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the </font></td><td colspan='4' rowspan='1' style='width:127.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:127.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts in non-regulated operating revenues</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  10</font></td></tr><tr style='height:20.25pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, forwards, futures and physical contracts in non-regulated operating revenues</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  69</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:20.25pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, forwards, futures and physical contracts in non-regulated fuel for generation and purchased power</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (7)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange options in other income (expenses), net</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  59</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > the Company had the following notional volumes of outstanding HFT derivatives that are expected to settle as outlined </font><font style='font-family:Arial;font-size:10pt;' >below:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:225pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2017</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas purchases (Mmbtu)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  270</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  69</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  54</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  45</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  45</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas sales (Mmbtu)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  202</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  16</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power purchases (MWh)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power sales (MWh)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:201.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Other Derivatives</font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The Company has recognized the following realized and unrealized gains (losses) with respect to cash flow hedges which documentation requirements have not been met:</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:201.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:248.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:248.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Interest</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Foreign  </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign</font></td></tr><tr style='height:10.5pt;' ><td colspan='1' rowspan='2' style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >rate</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >exchange</font></td><td colspan='2' rowspan='1' style='width:66.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >rate</font></td><td colspan='2' rowspan='1' style='width:66.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >exchange</font></td></tr><tr style='height:10.5pt;' ><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >swaps</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >forwards</font></td><td colspan='2' rowspan='1' style='width:66.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >swaps</font></td><td colspan='2' rowspan='1' style='width:66.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:66.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >forwards</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Realized gain (loss) in other income (expense)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (87)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized gain (loss) in other income (expense)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized gain (loss) in interest expense, net</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total gains (losses) in net income</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (87)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (3)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  92</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:35.25pt;' ><td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >As at December 31, 2016, the Company had interest rate swaps in place for the $250 million non-revolving term credit facility in Brunswick Pipeline for interest payments until the debt matures in 2019.</font></td></tr><tr style='height:10.5pt;' ><td style='width:201.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:201.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:48pt;text-align:left;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:53.25pt;' ><td colspan='9' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >During the year ended December 31, 2016, $1,519 million in foreign exchange forwards and swaps that were used to partially hedge proceeds for the TECO Energy acquisition settled.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Credit Risk </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company is exposed to credit risk with respect to amounts receivable from customers, energy marketing collateral deposits and derivative assets.  Credit risk is the potential loss from a counterparty&#8217;s non-performance under an agreement.</font><font style='font-family:Arial;font-size:10pt;' >  The Company manages credit risk with policies and procedures for counterparty analysis, exposure measurement, and exposure monitoring and mitigation.  Credit assessments are conducted on all new customers and counterparties, and deposits or collateral ar</font><font style='font-family:Arial;font-size:10pt;' >e requested on any high risk accounts.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company assesses the potential for credit losses on a regular basis, and where appropriate, maintains provisions. With respect to counterparties, the Company has implemented procedures to monitor the creditwort</font><font style='font-family:Arial;font-size:10pt;' >hiness and credit exposure of counterparties and to consider default probability in valuing the counterparty positions.  The Company monitors counterparties&#8217; credit standing, including those that are experiencing financial problems, have significant swings</font><font style='font-family:Arial;font-size:10pt;' > in default probability rates, have credit rating changes by external rating agencies, or have changes in ownership.  Net liability positions are adjusted based on the Company&#8217;s current default probability.  Net asset positions are adjusted based on the co</font><font style='font-family:Arial;font-size:10pt;' >unterparty&#8217;s current default probability.  The Company assesses credit risk internally for counterparties that are not rated.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, the maximum exposure the Company has to credit risk is $</font><font style='font-family:Arial;font-size:10pt;' >1,019</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > - $</font><font style='font-family:Arial;font-size:10pt;' >901</font><font style='font-family:Arial;font-size:10pt;' > million)</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > which includ</font><font style='font-family:Arial;font-size:10pt;' >es accounts receivable net of collateral/deposits and assets related to derivatives.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >It is possible that volatility in commodity prices could cause the Company to have material credit risk exposures with one or more counterparties.  If such counterparti</font><font style='font-family:Arial;font-size:10pt;' >es fail to perform their obligations under one or more agreements, the Company could suffer a material financial loss.   The Company transacts with counterparties as part of its risk management strategy for managing commodity price, foreign exchange and in</font><font style='font-family:Arial;font-size:10pt;' >terest rate risk.  Counterparties that exceed established credit limits can provide a cash </font><font style='font-family:Arial;font-size:10pt;' >deposit or letter of credit to the Company for the value in excess of the credit limit where contractually required.  The total cash deposits/collateral on hand as a</font><font style='font-family:Arial;font-size:10pt;' >t </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >271</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > - $</font><font style='font-family:Arial;font-size:10pt;' >94</font><font style='font-family:Arial;font-size:10pt;' > million)</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > which mitigates the Company&#8217;s maximum credit risk exposure.  The Company uses the cash as payment for the amount receivable or returns the deposit/collateral to the</font><font style='font-family:Arial;font-size:10pt;' > customer/counterparty where it is</font><font style='font-family:Arial;font-size:10pt;' > no longer required by the Company.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company enters into commodity master arrangements with its counterparties to manage certain risks, including credit risk to these counterparties.  The Company generally enters into International Swaps and Derivative</font><font style='font-family:Arial;font-size:10pt;' >s Association agreements (&#8220;ISDA&#8221;), North American Energy Standards Board agreements (&#8220;NAESB&#8221;) and, or Edison Electric Institute agreements.  The Company believes that entering into such agreements offers protection by creating contractual rights relating t</font><font style='font-family:Arial;font-size:10pt;' >o creditworthiness, collateral, non-performance and default.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, the Company had $</font><font style='font-family:Arial;font-size:10pt;' >104</font><font style='font-family:Arial;font-size:10pt;' > million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >- $</font><font style='font-family:Arial;font-size:10pt;' >83</font><font style='font-family:Arial;font-size:10pt;' > million) in financial assets, considered to be past due, which have been outstanding for an average</font><font style='font-family:Arial;font-size:10pt;' > 69 </font><font style='font-family:Arial;font-size:10pt;' >days.  The fair value of </font><font style='font-family:Arial;font-size:10pt;' >these financial assets is $</font><font style='font-family:Arial;font-size:10pt;' >91</font><font style='font-family:Arial;font-size:10pt;' > million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >- $</font><font style='font-family:Arial;font-size:10pt;' >72</font><font style='font-family:Arial;font-size:10pt;' > million), the difference of which is included in the allowance for doubtful accounts. These assets primarily relate to accounts receivable from electric </font><font style='font-family:Arial;font-size:10pt;' >and gas </font><font style='font-family:Arial;font-size:10pt;' >revenue.</font><font style='font-family:Arial;font-size:10pt;' >  </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:228.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Concentration Risk</font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:17.25pt;' ><td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The Company&#39;s concentrations of risk consisted of the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td><td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:31.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >millions of Canadian dollars</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%  of total exposure</font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%  of total exposure</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Receivables, net</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulated utilities</font></td><td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Residential</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  315</font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >24%</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  189</font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >20%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commercial</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  170</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >13%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  103</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Industrial</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  38</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  69</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  53</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  592</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >45%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  374</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >38%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Trading group</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Credit rating of A- or above</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  52</font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4%</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  31</font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Credit rating of BBB- to BBB+</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  60</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  22</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Not rated</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  57</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  31</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  169</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >13%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  84</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >8%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other accounts receivable</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  253</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >20%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  120</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >12%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,014</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >78%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  578</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >58%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Derivative Instruments </font><font style='font-family:Arial;font-size:9pt;color:#000000;' >(current and long-term)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Credit rating of A- or above</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  252</font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >20%</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  340</font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >34%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Credit rating of BBB- to BBB+</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  70</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >7%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Not rated</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  23</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  276</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  418</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >42%</font></td></tr><tr style='height:10.5pt;' ><td style='width:228.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:228.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,290</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >100%</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  996</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >100%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cash Collateral</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company&#8217;s cash collateral positions consisted of the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:63.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash collateral provided to others</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  91</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  107</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash collateral received from others</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  52</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Collateral is posted in the normal course of business based on the Company&#8217;s creditworthiness, including its senior unsecured credit rating as determined by certain major credit rating agencies.  Certain derivatives contain financial assurance provisions </font><font style='font-family:Arial;font-size:10pt;' >that require collateral to be posted if a material adverse credit-related event occurs.  If a material adverse event resulted in the senior unsecured debt to fall below investment grade, the counterparties to such derivatives could request ongoing full col</font><font style='font-family:Arial;font-size:10pt;' >lateralization.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > the total fair value of these derivatives, in a </font><font style='font-family:Arial;font-size:10pt;' >l</font><font style='font-family:Arial;font-size:10pt;' >iability position, </font><font style='font-family:Arial;font-size:10pt;' >wa</font><font style='font-family:Arial;font-size:10pt;' >s </font><font style='font-family:Arial;font-size:10pt;' >$</font><font style='font-family:Arial;font-size:10pt;' >475</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >December 31, 2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:9pt;' >&#8211;</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >$</font><font style='font-family:Arial;font-size:10pt;' >445</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million).  If the credit ratings of the Company were reduced below investme</font><font style='font-family:Arial;font-size:10pt;' >nt grade the</font><font style='font-family:Arial;font-size:10pt;' > full value of the net liability</font><font style='font-family:Arial;font-size:10pt;' > position could be required to be posted as collateral for these derivatives.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 30<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6441202&amp;loc=d3e80720-113993<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4C<br> -URI http://asc.fasb.org/extlink&amp;oid=64837297&amp;loc=SL5624171-113959<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 815<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64837297&amp;loc=d3e41620-113959<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> 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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6747433552">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Measurements [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">FAIR VALUE MEASUREMENTS</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >16</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.  FAIR VALUE MEASUREMENTS </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company is required to determine the fair value of all derivatives except those which qualify for the NPNS exemption (see note </font><font style='font-family:Arial;font-size:10pt;' >15</font><font style='font-family:Arial;font-size:10pt;' >), and uses a market approach to do so.  </font><font style='font-family:Arial;font-size:10pt;' >The three levels of the fair value </font><font style='font-family:Arial;font-size:10pt;' >hierarchy are defined as follows:</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Level 1 - Where possible, the Company bases the fair valuation of its financial assets and liabilities on quoted prices in active markets (&#8220;quoted prices&#8221;) for identical assets and liabilities. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Level 2 - Where quoted pr</font><font style='font-family:Arial;font-size:10pt;' >ices for identical assets and liabilities are not available, the valuation of certain contracts must be based on quoted prices for similar assets and liabilities with an adjustment related to location differences.  Also, certain derivatives are valued usin</font><font style='font-family:Arial;font-size:10pt;' >g quotes from over-the-counter clearing houses.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Level 3 - Where the information required for a Level 1 or Level 2 valuation is not available, derivatives must be valued using unobservable or internally-developed inputs.  The primary reasons for a Level </font><font style='font-family:Arial;font-size:10pt;' >3 classification are as follows:</font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >While valuations were based on quoted prices, significant assumptions were necessary to reflect seasonal or monthly shaping and locational basis differentials.</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >The term of certain transactions extends beyond the period when</font><font style='font-family:Arial;font-size:10pt;' > quoted prices are available, and accordingly, assumptions were made to extrapolate prices from the last quoted period through the end of the transaction term.</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >The valuations of certain transactions were based on internal models, although quoted prices wer</font><font style='font-family:Arial;font-size:10pt;' >e utilized in the valuations.</font></li></ul><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivative assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following tables set out the classification of the methodology used</font><font style='font-family:Arial;font-size:10pt;' > by the Company to fair value its derivatives:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash flow hedges</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Coal purchases</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  74</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  74</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Power purchases</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  7</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  7</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Natural gas purchases and sales</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  25</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  33</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Heavy fuel oil purchases</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  106</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  106</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  18</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  210</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  229</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (7)</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (6)</font></td></tr><tr style='height:20.25pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, futures, forwards, physical contracts and related transportation</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  43</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (7)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  37</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  21</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  215</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  40</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  276</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash flow hedges</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  23</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  23</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  23</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  27</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Power purchases</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Heavy fuel oil purchases</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Natural gas purchases and sales</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  7</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17</font></td></tr><tr style='height:22.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, futures, forwards and physical contracts</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  24</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  389</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  417</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  16</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  29</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  389</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  434</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Other derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest rate swap</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  25</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  61</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  389</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  475</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net assets (liabilities) </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (4)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  154</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (349)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (199)</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash flow hedges</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >    Coal purchases</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  207</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  207</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Physical natural gas purchases and sales</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  208</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  210</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  38</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (8)</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  31</font></td></tr><tr style='height:22.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, futures, forwards and physical contracts</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  57</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  65</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  38</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  49</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  96</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Other derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  58</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  309</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  51</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  418</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash flow hedges</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  41</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  41</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  41</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  46</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commodity swaps and forwards</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Coal purchases</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  16</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  16</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas purchases and sales</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Heavy fuel oil purchases</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  37</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  37</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange forwards</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  10</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  10</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  63</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  64</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power swaps and physical contracts</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  15</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  13</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign exchange options</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr><tr style='height:22.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural gas swaps, futures, forwards and physical contracts</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  22</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  279</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  315</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  26</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  277</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  332</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Other derivatives</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest rate swaps</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  35</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  133</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  277</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  445</font></td></tr><tr style='height:10.5pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net assets (liabilities)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  176</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (226)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The change in the fair value of the Level 3 financial assets for the year ended December 31, 2016 was as follows:</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:21pt;' ><td style='width:225pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory Deferral</font></td><td colspan='6' rowspan='1' style='width:146.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:146.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash Flow Hedges and HFT Derivatives</font></td></tr><tr style='height:21pt;' ><td style='width:225pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Oil Financial derivatives</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Physical natural gas purchases and sales</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power </font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >gas </font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (8)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  57</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  51</font></td></tr><tr style='height:21pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Increase (reduction) in benefit included in regulated fuel for generation and purchased power</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td></tr><tr style='height:21pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unrealized gains (losses) included in regulatory assets or liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:21pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total realized and unrealized gains (losses) included in non-regulated operating revenues</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (18)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (10)</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net transfers out of Level 3</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td></tr><tr style='height:10.5pt;' ><td style='width:225pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:225pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  39</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  40</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The change in the fair value of the Level 3 financial liabilities for the year ended December 31, 2016 was as follows:</font></td></tr><tr style='height:21pt;' ><td style='width:210pt;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:97.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:97.5pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory Deferral</font></td><td colspan='6' rowspan='1' style='width:161.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:161.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Cash Flow Hedges and </font><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT Derivatives</font></td></tr><tr style='height:21pt;' ><td style='width:210pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:210pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Oil Financial derivatives</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Physical natural gas purchases and sales</font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Power </font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Natural</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >gas </font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  279</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  277</font></td></tr><tr style='height:21pt;' ><td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total realized and unrealized gains (losses) included in non-regulated operating revenues</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  110</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  112</font></td></tr><tr style='height:10.5pt;' ><td style='width:210pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:210pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31, 2016 </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  389</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  389</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company evaluate</font><font style='font-family:Arial;font-size:10pt;' >s</font><font style='font-family:Arial;font-size:10pt;' > the observable input of market data on a quarterly basis in order to determine if transfers between levels is appropriate. For the </font><font style='font-family:Arial;font-size:10pt;' >year ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, transfer</font><font style='font-family:Arial;font-size:10pt;' >s</font><font style='font-family:Arial;font-size:10pt;' > from Level 3 to Level 1 were a result of an increase in observable inputs.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s Enterprise Risk Management group is responsible for valuation policies, processes and the measurement of fair value.&#160; Fair value accounting rules provide a three level hie</font><font style='font-family:Arial;font-size:10pt;' >rarchy that prioritizes the inputs used to measure fair value. When possible, determining fair value is based primarily on observable market inputs in active markets. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Contracts with quoted prices available in active markets and exchanges for identical as</font><font style='font-family:Arial;font-size:10pt;' >sets or liabilities are classified as level 1 in the hierarchy. For those contracts whereby pricing inputs are either directly or indirectly observable through markets, exchanges or third party sources, but do not qualify as level 1, are classified as leve</font><font style='font-family:Arial;font-size:10pt;' >l 2 in the hierarchy. For a level 3 classification, the processes and methods of measurement for third-party pricing information and illiquid markets are developed with input and using the market knowledge of the trading operations within Emera and its aff</font><font style='font-family:Arial;font-size:10pt;' >iliates.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Significant unobservable inputs used in the fair value measurement of Emera&#8217;s natural gas and power derivatives includes third-party-sourced pricing for instruments based on illiquid markets; internally developed correlation factors and basis dif</font><font style='font-family:Arial;font-size:10pt;' >ferentials; own credit risk; and discount rates. Internally developed correlations and basis differentials are reviewed on a quarterly basis based on statistical analysis of the spot markets in the various illiquid term markets.&#160; Where possible, Emera also</font><font style='font-family:Arial;font-size:10pt;' > sources multiple broker prices in an effort to evaluate and substantiate these unobservable inputs.&#160; Discount rates may include a risk premium for those long-term forward contracts with illiquid future price points to incorporate the inherent uncertainty </font><font style='font-family:Arial;font-size:10pt;' >of these points.&#160; Any risk premiums for long-term contracts are evaluated by observing similar industry practices and in discussion with industry peers. Significant increases (decreases) in any of these inputs in isolation would result in a significantly l</font><font style='font-family:Arial;font-size:10pt;' >ower (higher) fair value measurement.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following table outlines quantitative information about the significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:322.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:322.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td></tr><tr style='height:21pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Valuation</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Technique </font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Unobservable Input</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Range </font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Weighted average</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:90pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral &#8211; Financial </font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$69.64</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$69.64</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >oil derivatives</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.80%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.80%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font><font style='font-family:Arial;font-size:9pt;color:#000000;' > &#8211;</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  27</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$1.41 - $11.87</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$3.87</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Natural gas swaps,</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.07%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >futures, forwards,</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.32%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.05%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >physical contracts </font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$1.83 - $11.87</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$6.16</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >and related transportation</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Basis adjustment</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(0.11)% - 0.64%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.39%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.05%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.10%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total assets</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  40</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font><font style='font-family:Arial;font-size:9pt;color:#000000;' > &#8211;</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  386</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$1.55 - $11.87</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$6.26</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Natural gas swaps, futures, </font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Own credit risk</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.07%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >forwards and physical contracts</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.14%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.02%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$1.83 - $11.87</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$5.93</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Basis adjustment</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(0.11)% - 0.64%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.27%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Own credit risk</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.05%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.10%</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total liabilities</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  389</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:138.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net assets (liabilities) </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (349)</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:327pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:327pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:21pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Valuation</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Technique </font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Unobservable Input</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Range </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Weighted average</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:93.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Regulatory deferral &#8211; Physical </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$5.15 - $6.21</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$5.72</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >natural gas purchases and sales</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font><font style='font-family:Arial;font-size:9pt;color:#000000;' > &#8211;</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (8)</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$26.27 - $129.20</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$70.45</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Power swaps and</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Correlation factor</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.98% - 1.00% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.99%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >physical contracts</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.02%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.15% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  54</font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$1.13 - $9.12</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$3.26</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.10% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.33% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.04%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$1.25 - $15.74</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$6.19</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Basis adjustment</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(0.06)% - 0.95%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.68%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.09% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.08% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total assets</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  51</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Liabilities</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font><font style='font-family:Arial;font-size:9pt;color:#000000;' > &#8211;</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$26.27 - $129.20</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$70.82</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Power swaps and</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Correlation factor</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.98% - 1.00% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.99%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >physical contracts</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Own credit risk</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.02%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:134.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.15% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >HFT derivatives</font><font style='font-family:Arial;font-size:9pt;color:#000000;' > &#8211;</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  279</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Modelled pricing</font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Third-party pricing</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$0.74 - $10.59</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$5.58</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >Natural gas swaps,</font></td><td style='width:7.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Probability of default</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.03% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-style:italic;color:#000000;' >physical contracts</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.00% - 0.12% </font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.01%</font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total liabilities</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  277</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:134.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:134.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net assets (liabilities) </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:34.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:34.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (226)</font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:93.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:24.75pt;' ><td colspan='11' rowspan='1' style='width:427.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:427.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The financial assets and liabilities included on the Consolidated Balance Sheets that are not measured at fair value consisted of the following:</font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:47.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:12pt;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='4' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:111pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='8' rowspan='1' style='width:219.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:219.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Carrying Amount</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair Value</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 2</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term debt (including current portion)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14,744</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15,723</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  78</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14,843</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  802</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15,723</font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:12pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='4' rowspan='1' style='width:111pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:111pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='8' rowspan='1' style='width:219.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:219.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:21pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Carrying Amount</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fair Value</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 2</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 3</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:153.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:153.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term debt (including current portion)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4,009</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4,487</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3,841</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  646</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4,487</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The fair values of long-term debt instruments, classified as level 1 in the fair value hierarchy, are valued using unadjusted quoted closing market prices that are traded in active markets. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Those classified as level 2 are valued either by </font><font style='font-family:Arial;font-size:10pt;' >using recent </font><font style='font-family:Arial;font-size:10pt;' >quoted market prices for the instrument where the instrument is not frequently traded, by using quoted closing market prices for similar issues that are frequently traded in an active market or by using quoted market prices and applying estimated credit sp</font><font style='font-family:Arial;font-size:10pt;' >reads, provided by third-party pricing services, to the par value of the security. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Those classified as level 3 are valued by discounting the future cash flows of the specific debt instrument </font><font style='font-family:Arial;font-size:10pt;' >at an estimated yield to maturity equivalent to benchmark gover</font><font style='font-family:Arial;font-size:10pt;' >nment bonds with similar terms to maturity, plus a credit risk premium equal to that of issuers of similar credit quality.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has designated $1.2 billion United States dollar dominated Hybrid Notes as a hedge of the foreign currency exposure of i</font><font style='font-family:Arial;font-size:10pt;' >ts ne</font><font style='font-family:Arial;font-size:9.5pt;' >t investment</font><font style='font-family:Arial;font-size:10pt;' > in United States dollar denominated operations.  A foreign currency loss of $49 million was recorded in Other Comprehensive Income for the </font><font style='font-family:Arial;font-size:10pt;' >twelve</font><font style='font-family:Arial;font-size:10pt;' > months ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; nil). There was no ineffectiveness for the </font><font style='font-family:Arial;font-size:10pt;' >twelve</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >months ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; nil). </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >  </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >All other financial assets and liabilities, such as cash and cash equivalents, restricted cash, accounts receivable, short-term debt and accounts payable, are carried at cost.  The carrying value approximates</font><font style='font-family:Arial;font-size:10pt;' > fair value due to the short-term nature of these financial instruments.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856104272">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Regulatory Assets and Liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RegulatoryAssetsAndLiabilitiesDisclosureAbstract', window );"><strong>Regulatory Assets and Liabilities Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ScheduleOfRegulatoryAssetsAndLiabilitiesTextBlock', window );">REGULATORY ASSETS AND LIABILITIES</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >17.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  REGULATORY </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >Assets and Liabilities</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Regulatory assets represent incurred costs that have been deferred because it is probable that they will be recovered through future rates or tolls collected from customers.  Management believes that existing regulatory assets are probable for recovery </font><font style='font-family:Arial;font-size:10pt;' >either because the Company received specific approval from the appropriate regulator, or due to regulatory precedent established for similar circumstances.  If management no longer considers it probable that an asset will be recovered, the deferred costs a</font><font style='font-family:Arial;font-size:10pt;' >re charged to income.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Regulatory liabilities represent obligations to make refunds to customers or to reduce future revenues for previous collections.  If management no longer considers it probable that a liability will be settled, the related amount is</font><font style='font-family:Arial;font-size:10pt;' > recognized in income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >For regulatory assets and liabilities that are amortized, the amortization is as approved by the respective regulator.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera Florida and New Mexico</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Tampa Electric and PGS are regulated separately by the FPSC. Tampa Electric is a</font><font style='font-family:Arial;font-size:10pt;' >lso subject to regulation by the FERC. In general, the FPSC sets rates at a level that allows utilities such as Tampa Electric and PGS to collect total revenues or revenue requirements equal to their cost of providing service, plus an appropriate return on</font><font style='font-family:Arial;font-size:10pt;' > invested capital.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NMGC is subject to regulation by the NMPRC. The NMPRC sets rates at a level that allows NMGC to collect total revenues equal to their cost of providing service, plus an appropriate return on invested capital. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Base Rates - Tampa Elect</font><font style='font-family:Arial;font-size:10pt;text-decoration:underline;' >ric </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Tampa Electric&#8217;s target regulated return on equity (&#8220;ROE&#8221;) range is </font><font style='font-family:Arial;font-size:10pt;' >9.25</font><font style='font-family:Arial;font-size:10pt;' > per cent to </font><font style='font-family:Arial;font-size:10pt;' >11.25 </font><font style='font-family:Arial;font-size:10pt;' >per cent. </font><font style='font-family:Arial;font-size:10pt;' >B</font><font style='font-family:Arial;font-size:10pt;' >ased on a Stipulation and Settlement Agreement in 2013 Tampa Electric w</font><font style='font-family:Arial;font-size:10pt;' >ould </font><font style='font-family:Arial;font-size:10pt;' >receive a revenue increase of $</font><font style='font-family:Arial;font-size:10pt;' >110</font><font style='font-family:Arial;font-size:10pt;' > million USD effective January 1, 2017</font><font style='font-family:Arial;font-size:10pt;' > or the date Tampa Electric&#8217;s Polk Power Station goes into service, whichever is later. The expansion of Polk Power Station went into service on January 17, 2017.  The agreement also provides that Tampa Electric&#8217;s allowed regulatory ROE would remain in pla</font><font style='font-family:Arial;font-size:10pt;' >ce with a potential increase of the midpoint to </font><font style='font-family:Arial;font-size:10pt;' >10.50 </font><font style='font-family:Arial;font-size:10pt;' >per cent from </font><font style='font-family:Arial;font-size:10pt;' >10.25 </font><font style='font-family:Arial;font-size:10pt;' >per cent if U.S. Treasury bond yields exceed a specified threshold. This agreement provides that Tampa Electric cannot file for additional rate increases until 2017 (to be effective </font><font style='font-family:Arial;font-size:10pt;' >no sooner than January 1, 2018), unless its earned ROE were to fall below </font><font style='font-family:Arial;font-size:10pt;' >9.25 </font><font style='font-family:Arial;font-size:10pt;' >per cent (or </font><font style='font-family:Arial;font-size:10pt;' >9.5 </font><font style='font-family:Arial;font-size:10pt;' >per cent if the allowed ROE is increased as described above) before that time. If its earned ROE were to rise above </font><font style='font-family:Arial;font-size:10pt;' >11.25 </font><font style='font-family:Arial;font-size:10pt;' >per cent (or </font><font style='font-family:Arial;font-size:10pt;' >11.5</font><font style='font-family:Arial;font-size:10pt;' > per cent if the allo</font><font style='font-family:Arial;font-size:10pt;' >wed ROE is increased as described above) any party to the agreement other than Tampa Electric could seek a review of its base rates. Under the agreement, the allowed equity in the capital structure is </font><font style='font-family:Arial;font-size:10pt;' >54</font><font style='font-family:Arial;font-size:10pt;' > per cent from investor sources of capital. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Base </font><font style='font-family:Arial;font-size:10pt;text-decoration:underline;' >Rates - PGS</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >PGS&#8217;s base rates were based upon an ROE of </font><font style='font-family:Arial;font-size:10pt;' >10.75 </font><font style='font-family:Arial;font-size:10pt;' >per cent, with a range between </font><font style='font-family:Arial;font-size:10pt;' >9.75 </font><font style='font-family:Arial;font-size:10pt;' >per cent and </font><font style='font-family:Arial;font-size:10pt;' >11.75 </font><font style='font-family:Arial;font-size:10pt;' >per cent. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In December 2016, PGS entered into a settlement agreement with the Office of Public Counsel (&#8220;OPC&#8221;) regarding its filed </font><font style='font-family:Arial;font-size:10pt;' >depreciation study.  The settlement agreement resulted in new depreciation rates that reduce annual depreciation by $</font><font style='font-family:Arial;font-size:10pt;' >16</font><font style='font-family:Arial;font-size:10pt;' > million USD in 2016 and accelerated the amortization of the regulated asset related to the Manufactured Gas Plant (&#8220;MGP&#8221;) environmental </font><font style='font-family:Arial;font-size:10pt;' >remediation costs.  In addition, the bottom of the ROE range was decreased from 9.75 per cent to </font><font style='font-family:Arial;font-size:10pt;' >9.25</font><font style='font-family:Arial;font-size:10pt;' > per cent.  The new bottom of the range will remain until the earlier of new base rates established in PGS&#8217;s next general rate proceeding or December 31, 2</font><font style='font-family:Arial;font-size:10pt;' >020.  The top of the range will continue to be </font><font style='font-family:Arial;font-size:10pt;' >11.75</font><font style='font-family:Arial;font-size:10pt;' > per cent and the ROE of </font><font style='font-family:Arial;font-size:10pt;' >10.75 </font><font style='font-family:Arial;font-size:10pt;' >per cent will continue to be used for the calculation of return on investment for clauses.  On February 7, 2017 </font><font style='font-family:Arial;font-size:10pt;' >the FPSC approved the settlement agreement.  No change in cus</font><font style='font-family:Arial;font-size:10pt;' >tomer rates resulted from this agreement.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As part of the settlement, PGS and OPC agreed that at least $</font><font style='font-family:Arial;font-size:10pt;' >32</font><font style='font-family:Arial;font-size:10pt;' > million USD of PGS&#8217;s regulatory asset associated with the environmental liability for current and future remediation costs related to former MGP site</font><font style='font-family:Arial;font-size:10pt;' >s will be amortized over the period 2016 through 2020.  At least $</font><font style='font-family:Arial;font-size:10pt;' >21</font><font style='font-family:Arial;font-size:10pt;' > million USD will be amortized over a two year recovery period beginning in 2016.  In 2016, PGS recorded $</font><font style='font-family:Arial;font-size:10pt;' >16</font><font style='font-family:Arial;font-size:10pt;' > million USD of this amortization.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Base Rates</font><font style='font-family:Arial;font-size:10pt;text-decoration:underline;' > </font><font style='font-family:Arial;font-size:10pt;text-decoration:underline;' >-</font><font style='font-family:Arial;font-size:10pt;text-decoration:underline;' > </font><font style='font-family:Arial;font-size:10pt;text-decoration:underline;' >NMGC</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NMGC&#8217;s base rates were es</font><font style='font-family:Arial;font-size:10pt;' >tablished in 2012 through a settlement agreement.  As a condition of the 2016 NMPRC order (the &#8220;Order&#8221;) approving the acquisition of TECO Energy, NMGC will not seek an increase in base rates to be effective prior to December 31, 2017, and NMGC will continu</font><font style='font-family:Arial;font-size:10pt;' >e to provide an annual bill reduction credit of $</font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' > million USD through June 30, 2018.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >NSPI</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI is a public utility as defined in the Public Utilities Act of Nova Scotia (the &#8220;Act&#8221;) and is subject to regulation under the Act by the UARB.  The Act gives </font><font style='font-family:Arial;font-size:10pt;' >the UARB supervisory powers over NSPI&#8217;s operations and expenditures.  Electricity rates for NSPI&#8217;s customers are also subject to UARB approval.  NSPI is not subject to a general annual rate review process, but rather participates in hearings held from time</font><font style='font-family:Arial;font-size:10pt;' > to time at NSPI&#8217;s or the UARB&#8217;s request.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI is regulated under a cost-of-service model, with rates set to recover prudently incurred costs of providing electricity service to customers, and provide an appropriate return to investors.  NSPI&#8217;s target r</font><font style='font-family:Arial;font-size:10pt;' >egulated ROE range for </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >was </font><font style='font-family:Arial;font-size:10pt;' >8.75</font><font style='font-family:Arial;font-size:10pt;' > per cent to </font><font style='font-family:Arial;font-size:10pt;' >9.25 </font><font style='font-family:Arial;font-size:10pt;' >per cent based on an actual five quarter average regulated common equity component of up to </font><font style='font-family:Arial;font-size:10pt;' >40</font><font style='font-family:Arial;font-size:10pt;' > per cent.  NSPI has a FAM, which enables it to seek recovery of Fuel Costs through regularly</font><font style='font-family:Arial;font-size:10pt;' > scheduled rate adjustments.  Differences between actual Fuel Costs and amounts recovered from customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a subsequent yea</font><font style='font-family:Arial;font-size:10pt;' >r.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 18, 2015, the Province enacted the </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Electricity Plan Implementation (2015) Act, (&#8220;Electricity Plan Act&#8221;)</font><font style='font-family:Arial;font-size:10pt;' >, which required NSPI to file a three-year stability plan for Fuel Costs and a General Rate Application (&#8220;GRA&#8221;) for non-fuel costs if req</font><font style='font-family:Arial;font-size:10pt;' >uired by April 30, 2016.  On March 7, 2016, NSPI announced that it would not file a GRA related to non-fuel electricity rates for the 2017 to 2019 period and NSPI filed the stability plan for Fuel Costs with the UARB for 2017 through 2019.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On July 19, 2</font><font style='font-family:Arial;font-size:10pt;' >016, the UARB approved a Consensus Agreement between NSPI and customer representatives related to the Rate Stability Plan fuel costs for 2017 through 2019 which resulted in an average annual increase of </font><font style='font-family:Arial;font-size:10pt;' >1.1 </font><font style='font-family:Arial;font-size:10pt;' >per cent for each of these three years.  Subseque</font><font style='font-family:Arial;font-size:10pt;' >ntly, certain customer representatives requested changes resulting in amended rates that were approved by the UARB on November 15, 2016 and result in an average annual rate increase of </font><font style='font-family:Arial;font-size:10pt;' >1.0 </font><font style='font-family:Arial;font-size:10pt;' >per cent for each of these three years.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In December 2015, the UARB</font><font style='font-family:Arial;font-size:10pt;' > approved NSPI&#8217;s 2016 base cost of fuel and its recovery of prior period unrecovered Fuel Costs.  The approved customer rates reset the base cost of fuel rates for 2016.  In addition, $</font><font style='font-family:Arial;font-size:10pt;' >12</font><font style='font-family:Arial;font-size:10pt;' > million was recovered of prior years&#8217; unrecovered Fuel Costs in 2016</font><font style='font-family:Arial;font-size:10pt;' >.  This resulted in a combined average rate decrease for customers of approximately </font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > per cent in 2016.  The rates and recovery of these costs began on January 1, 2016.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 21, 2016, the UARB approved a settlement agreement between NSPI and custom</font><font style='font-family:Arial;font-size:10pt;' >er representatives which resolved all issues related to the 2014 and 2015 FAM Audit and an issue that would impact future periods.  As a result of this settlement agreement, NSPI agreed to forego $</font><font style='font-family:Arial;font-size:10pt;' >3</font><font style='font-family:Arial;font-size:10pt;' > million of any incentive payment as a result of 2016 fuel</font><font style='font-family:Arial;font-size:10pt;' > costs savings achieved by the Company.  NSPI </font><font style='font-family:Arial;font-size:10pt;' >achieved a $</font><font style='font-family:Arial;font-size:10pt;' >2.8 </font><font style='font-family:Arial;font-size:10pt;' >million incentive payment for 2016 and contributed that plus an additional $</font><font style='font-family:Arial;font-size:10pt;' >0.2 </font><font style='font-family:Arial;font-size:10pt;' >million to the benefit of customers.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 12, 2016, the UARB approved NSPI&#8217;s application to refund over-re</font><font style='font-family:Arial;font-size:10pt;' >covered fuel costs in 2016 to customers.  The over-recovered fuel costs balance at the end of 2016 will be refunded to customers through a one-time credit on their bills prior to April 30, 2017 and will be based on individual electricity usage in 2016.  Th</font><font style='font-family:Arial;font-size:10pt;' >e balance to be refunded to customers is approximately $</font><font style='font-family:Arial;font-size:10pt;' >36</font><font style='font-family:Arial;font-size:10pt;' > million.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >FAM and fixed cost deferrals recognized in the 2016 and 2015 Consolidated Statement of Income consisted of the following:</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:300.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:149.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:149.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:300.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(Over) under recovery of current period Fuel costs</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  29</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (24)</font></td></tr><tr style='height:10.5pt;' ><td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Recovery from customers of prior years&#8217; Fuel costs</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  56</font></td></tr><tr style='height:10.5pt;' ><td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Application of non-fuel revenues</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  20</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  45</font></td></tr><tr style='height:10.5pt;' ><td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulated fixed cost deferral related to 2015 demand side management</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (35)</font></td></tr><tr style='height:10.5pt;' ><td style='width:300.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:300.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulated fuel adjustment mechanism</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  61</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera Maine</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera Maine&#8217;s core businesses are the transmission and distribution of electricity, with distribution operations and stranded cost recoveries regulated by the Maine Public Utilities Commission (&#8220;MPUC&#8221;). The transmission operations are </font><font style='font-family:Arial;font-size:10pt;' >regulated by the FERC.  The rates for these three elements are established in distinct regulatory proceedings.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Distribution Operations</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera Maine&#8217;s distribution businesses operate under a traditional cost-of-service regulatory structure, and distribution rates are set by the MPUC.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 21, 2016, Emera Maine&#8217;s distribution rates increased by </font><font style='font-family:Arial;font-size:10pt;' >3.75 </font><font style='font-family:Arial;font-size:10pt;' >per cent, including the recovery</font><font style='font-family:Arial;font-size:10pt;' >, over five years, of approximately $</font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' > million USD of costs associated with a major storm in Maine in 2014.  Also, effective December 22, 2016 the allowed ROE became </font><font style='font-family:Arial;font-size:10pt;' >9.00</font><font style='font-family:Arial;font-size:10pt;' > per cent on a common equity component of </font><font style='font-family:Arial;font-size:10pt;' >49</font><font style='font-family:Arial;font-size:10pt;' > per cent.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Transmission Operations</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >There</font><font style='font-family:Arial;font-size:10pt;' > are two transmission districts in Emera Maine, corresponding to the service territories of the two pre-merger entities.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Bangor </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Hydro </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >District</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Bangor </font><font style='font-family:Arial;font-size:10pt;' >Hydro </font><font style='font-family:Arial;font-size:10pt;' >District (the franchise electric service territory associated with the former Bangor Hydro </font><font style='font-family:Arial;font-size:10pt;' >Electric Company in</font><font style='font-family:Arial;font-size:10pt;' > portions of the Maine counties of Penobscot, Hancock, Washington, Waldo, Piscataquis, and Aroostook)</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >local transmission rates </font><font style='font-family:Arial;font-size:10pt;' >are regulated by the FERC and set annually on June 1, based on a formula utilizing prior year actual transmiss</font><font style='font-family:Arial;font-size:10pt;' >ion investments, adjusted for current year forecasted transmission investments.  </font><font style='font-family:Arial;font-size:10pt;' >Effective June 1, 201</font><font style='font-family:Arial;font-size:10pt;' >6</font><font style='font-family:Arial;font-size:10pt;' >, transmission rates for the Bangor Hydro district increased by approximately </font><font style='font-family:Arial;font-size:10pt;' >2</font><font style='font-family:Arial;font-size:10pt;' > per cent in connection with its annual transmission formula rate filing (</font><font style='font-family:Arial;font-size:10pt;' >201</font><font style='font-family:Arial;font-size:10pt;' >5</font><font style='font-family:Arial;font-size:10pt;' > &#8211; increased by </font><font style='font-family:Arial;font-size:10pt;' >21</font><font style='font-family:Arial;font-size:10pt;' > per cent).  The increase is associated primarily with the recovery of increase</font><font style='font-family:Arial;font-size:10pt;' >d transmission plant in service and as a result of the prior year tariff rate including a rate refund related to the aforementioned FERC ROE decision.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Ban</font><font style='font-family:Arial;font-size:10pt;' >gor </font><font style='font-family:Arial;font-size:10pt;' >Hydro </font><font style='font-family:Arial;font-size:10pt;' >District&#8217;s bulk transmi</font><font style='font-family:Arial;font-size:10pt;' >ssion assets are managed by </font><font style='font-family:Arial;font-size:10pt;' >ISO-New England (&#8220;ISO-NE&#8221;) as part of a region-wide pool of assets. ISO-NE manages the region&#8217;s bulk power generation and transmission systems and administers the open access transmission tariff.</font><font style='font-family:Arial;font-size:10pt;' >  Currently, </font><font style='font-family:Arial;font-size:10pt;' >the Bangor Hydro District</font><font style='font-family:Arial;font-size:10pt;' >, along with all other participating transmission providers, recovers the full cost of service for its transmission assets from the customers of participating transmission providers in New England, based on a regional </font><font style='font-family:Arial;font-size:10pt;' >FERC approved formula that is updated June 1 each year.  This formula is based on prior year regionally funded transmission investments, adjusted for curren</font><font style='font-family:Arial;font-size:10pt;' >t year forecasted investments.  </font><font style='font-family:Arial;font-size:10pt;' >The participating transmission providers are also required to contri</font><font style='font-family:Arial;font-size:10pt;' >bute to the cost of service of such transmission assets on a ratable basis according to the proportion of the total New England load that their customers represent.</font><font style='font-family:Arial;font-size:10pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 1, 201</font><font style='font-family:Arial;font-size:10pt;' >6</font><font style='font-family:Arial;font-size:10pt;' >, Bangor District&#8217;s regionally recoverable transmission investments and ex</font><font style='font-family:Arial;font-size:10pt;' >penses </font><font style='font-family:Arial;font-size:10pt;' >in</font><font style='font-family:Arial;font-size:10pt;' >creased by </font><font style='font-family:Arial;font-size:10pt;' >9</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent (201</font><font style='font-family:Arial;font-size:10pt;' >5</font><font style='font-family:Arial;font-size:10pt;' > &#8211; </font><font style='font-family:Arial;font-size:10pt;' >de</font><font style='font-family:Arial;font-size:10pt;' >creased by </font><font style='font-family:Arial;font-size:10pt;' >6</font><font style='font-family:Arial;font-size:10pt;' > per cent).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >MPS</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' > District</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >MPS District (the franchise electric service territory associated with the former Maine Public Service Company in northern Maine) local transmission rates </font><font style='font-family:Arial;font-size:10pt;' >are regulated by the FERC and are set annually on June 1 for wholesale and July 1 for retail customers based on a formula utilizing prior year actual transmission investments and expenses, </font><font style='font-family:Arial;font-size:10pt;' >adjusted for current year forecasted investments</font><font style='font-family:Arial;font-size:10pt;' >.&#160; The current allo</font><font style='font-family:Arial;font-size:10pt;' >wed ROE for transmission operations is </font><font style='font-family:Arial;font-size:10pt;' >10.2 </font><font style='font-family:Arial;font-size:10pt;' >per cent. The common equity component is based upon the prior calendar year actual average </font><font style='font-family:Arial;font-size:10pt;' >balances.&#160; Effective June 1, 2016 the transmission rates for the </font><font style='font-family:Arial;font-size:10pt;' >Maine Public Service district increased by approximately</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >43</font><font style='font-family:Arial;font-size:10pt;' > per cent for wholesale customers (2015 - decreased by </font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > per cent) and on July 1, 2016 increased by </font><font style='font-family:Arial;font-size:10pt;' >36</font><font style='font-family:Arial;font-size:10pt;' > per cent for retail customers (2015 - decreased by </font><font style='font-family:Arial;font-size:10pt;' >22</font><font style='font-family:Arial;font-size:10pt;' > per cent) in connection with its annual transmission formula rate filing.  These increases were </font><font style='font-family:Arial;font-size:10pt;' >primarily due to an increase in the recovery of increased transmission plant in service.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The MPS District electric service territory is not connected to the New England bulk power system and it is not a member of ISO-NE.&#160; MPS District is not a party to the</font><font style='font-family:Arial;font-size:10pt;' > previously discussed ROE complaints at the FERC.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Stranded Cost Recoveries</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Stranded cost recoveries in Maine are set by the MPUC.  Electric utilities are </font><font style='font-family:Arial;font-size:10pt;' >permitted</font><font style='font-family:Arial;font-size:10pt;' > to recover all prudently incurred stranded costs resulting from the restructuring of the industry in 2000 that could not be mitigated or that arose as a result of rate and accounting orders issued by the MPUC.  Unlike transmission and distribution operati</font><font style='font-family:Arial;font-size:10pt;' >onal assets, which are generally sustained with new investment, the net stranded cost regulatory asset pool diminishes over time as elements are amortized through charges to income and recovered through rates.  Generally, regulatory rates to recover strand</font><font style='font-family:Arial;font-size:10pt;' >ed costs are set every three years, determined under a traditional cost-of-service approach and are</font><font style='font-family:Arial;font-size:10pt;' > fully recoverable.  Each year</font><font style='font-family:Arial;font-size:10pt;' >, stranded cost rates in </font><font style='font-family:Arial;font-size:10pt;' >each</font><font style='font-family:Arial;font-size:10pt;' > District are </font><font style='font-family:Arial;font-size:10pt;' >evaluated for a potential rate change on July 1 to recover cost deferrals </font><font style='font-family:Arial;font-size:10pt;' >for the pr</font><font style='font-family:Arial;font-size:10pt;' >ior stranded costs rate year under the full recovery mechanism, as well as factor in any new stranded cost information.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Bangor </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >Hydro </font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >District</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Bangor District&#8217;s net regulatory assets primarily include the costs associated with the restructuring of an </font><font style='font-family:Arial;font-size:10pt;' >above-market power purchase contract and deferrals associated with reconciling stranded costs.  These net regulatory assets total approximately $</font><font style='font-family:Arial;font-size:10pt;' >11.4 </font><font style='font-family:Arial;font-size:10pt;' >million as at December 31, 2016 (2015 &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >19.7</font><font style='font-family:Arial;font-size:10pt;' > million) or </font><font style='font-family:Arial;font-size:10pt;' >1.0 </font><font style='font-family:Arial;font-size:10pt;' >per cent of Emera Maine&#8217;s net asset base (20</font><font style='font-family:Arial;font-size:10pt;' >15 &#8211; </font><font style='font-family:Arial;font-size:10pt;' >1.8 </font><font style='font-family:Arial;font-size:10pt;' >per cent).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Bangor Hydro District is currently undergoing a stranded cost rate proceeding with the MPUC to set rates for the period March 1, 2017 to February 28, 2020.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >While the stranded cost revenue requirements differ throughout the period </font><font style='font-family:Arial;font-size:10pt;' >due to changes in annual stranded costs, the actual annual stranded cost revenues are the same during the period. To stabilize the impact of the varying revenue requirements, cost or revenue deferrals are recorded as a regulatory asset or liability, and&#160;ad</font><font style='font-family:Arial;font-size:10pt;' >dressed in subsequent stranded cost rate proceedings, where customer rates are adjusted accordingly.&#160;</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >MPS District</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Effective January 1, 2015, the stranded cost rates for the Maine Public Service district decreased by approximately </font><font style='font-family:Arial;font-size:10pt;' >150</font><font style='font-family:Arial;font-size:10pt;' > per cent.  This was</font><font style='font-family:Arial;font-size:10pt;' > principally due to the flow-back to customers of certain benefits received by Emera Maine from Maine Yankee associated with litigation with the United States Department of Energy on nuclear waste disposal. The allowed ROE used in setting the new rates on </font><font style='font-family:Arial;font-size:10pt;' >January 1, 2015 was </font><font style='font-family:Arial;font-size:10pt;' >6.75 </font><font style='font-family:Arial;font-size:10pt;' >per cent, with a common equity component of </font><font style='font-family:Arial;font-size:10pt;' >48</font><font style='font-family:Arial;font-size:10pt;' > per cent.&#160; </font><font style='font-family:Arial;font-size:10pt;' >On July 1, 2016, stranded cost rates further decreased by </font><font style='font-family:Arial;font-size:10pt;' >7.6</font><font style='font-family:Arial;font-size:10pt;' >% to flow back over-collections associated with stranded cost reconciliation deferrals.  The allowed ROE remaine</font><font style='font-family:Arial;font-size:10pt;' >d consistent with the January 1, 2015 rate change.  </font><font style='font-family:Arial;font-size:10pt;' >The reduced stranded cost revenues are offset by reductions in expense and do not affect earnings. </font><font style='font-family:Arial;font-size:10pt;' >The Maine Public district is currently undergoing a stranded cost rate proceeding with the MPUC to set ra</font><font style='font-family:Arial;font-size:10pt;' >tes for the period March 1, 2017 to February 28, 2020.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >The Barbados Light &amp; Power Company&#160;Limited</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >BLPC is a vertically integrated utility and provider of electricity on the island of Barbados.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >BLPC is subject to regulation under the Utilities Regulation (Procedural) Rules 2003 by </font><font style='font-family:Arial;font-size:10pt;' >the </font><font style='font-family:Arial;font-size:10pt;' >Fair Trading </font><font style='font-family:Arial;font-size:10pt;' >Commission</font><font style='font-family:Arial;font-size:10pt;' > (&#8220;The Rules&#8221;)</font><font style='font-family:Arial;font-size:10pt;' >, Barbados, an independent regulator.  The Rules give the Fair Trading Commission, Barbados utility regulation functions</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > which include establishing principles for arriving at rates to be charged, monitoring the rates charged to ens</font><font style='font-family:Arial;font-size:10pt;' >ure compliance, and setting the maximum rates for regulated utility services.  The government of Barbados has granted BLPC a franchise to </font><font style='font-family:Arial;font-size:10pt;' >generate</font><font style='font-family:Arial;font-size:10pt;' >, transmit and distribute electricity on the island until 2028.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >BLPC is regulated under a cost-of-service mod</font><font style='font-family:Arial;font-size:10pt;' >el, with rates set to recover prudently incurred costs of providing electricity service to customers, and </font><font style='font-family:Arial;font-size:10pt;' >provide</font><font style='font-family:Arial;font-size:10pt;' > an appropriate return to investors.  BLPC&#8217;s approved regulated return on </font><font style='font-family:Arial;font-size:10pt;' >rate base</font><font style='font-family:Arial;font-size:10pt;' > for </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > and</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >was</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > per</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >cent.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >All BLPC fuel cos</font><font style='font-family:Arial;font-size:10pt;' >ts are passed to customers through the fuel </font><font style='font-family:Arial;font-size:10pt;' >pass-through mechanism which provides the opportunity to recover all fuel costs in a timely manner</font><font style='font-family:Arial;font-size:10pt;' >.  The Fair Trading Commission, Barbados has approved the calculation of the fuel charge, which is adjusted on a m</font><font style='font-family:Arial;font-size:10pt;' >onthly basis.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Dominica Electricity Services Ltd</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Domlec is an integrated utility on the island of Dominica and is regulated by the Independent Regulatory Commission, Dominica.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On October 7, 2013, the Independent Regulatory Commission, Dominica issued a</font><font style='font-family:Arial;font-size:10pt;' > Transmission, Distribution &amp; Supply License and a Generation License, both of which came into effect on January 1, 2014, for a period of 25 years.&#160; Domlec&#8217;s approved allowable regulated return on rate base for </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >was </font><font style='font-family:Arial;font-size:10pt;' >15</font><font style='font-family:Arial;font-size:10pt;' > per cent.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Domlec </font><font style='font-family:Arial;font-size:10pt;' >fuel costs are passed to customers through a </font><font style='font-family:Arial;font-size:10pt;' >fuel pass-through mechanism which provides the opportunity to recover substantially all fuel costs in a timely manner</font><font style='font-family:Arial;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' >
</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Grand Bahama Power Company Limited</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >GBPC is a vertically</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >integrated utility and sole provid</font><font style='font-family:Arial;font-size:10pt;' >er of electricity on Grand Bahama Island.  The Grand Bahama Port Authority (&#8220;GBPA&#8221;) regulates the utility and has granted GBPC a licensed, regulated and exclusive franchise to produce, transmit and distribute electricity on the island until 2054.  There is</font><font style='font-family:Arial;font-size:10pt;' > a fuel pass through mechanism and flexible tariff adjustment policy to ensure that </font><font style='font-family:Arial;font-size:10pt;' >fuel </font><font style='font-family:Arial;font-size:10pt;' >costs are recovered and a reasonable return earned.</font><font style='font-family:Arial;font-size:10pt;' > GBPC&#8217;s approved regulated return on rate base was </font><font style='font-family:Arial;font-size:10pt;' >8.8 </font><font style='font-family:Arial;font-size:10pt;' >per cent for </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > per cent for </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' >.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In October 2016, the island of Grand Bahama took a direct hit from Hurricane Matthew.  GBPC&#8217;s generation and substation infrastructure weathered the storm well, however over </font><font style='font-family:Arial;font-size:10pt;' >2,100 </font><font style='font-family:Arial;font-size:10pt;' >transmission and distribution poles and related conduit were damaged or dest</font><font style='font-family:Arial;font-size:10pt;' >royed, as were many connections to customer homes.  Restoration efforts have been completed.  GBPC has recorded $</font><font style='font-family:Arial;font-size:10pt;' >28 </font><font style='font-family:Arial;font-size:10pt;' >million USD of restoration costs associated with Hurricane Matthew with no impact to net income.  $</font><font style='font-family:Arial;font-size:10pt;' >21</font><font style='font-family:Arial;font-size:10pt;' > million USD has been recorded as a reg</font><font style='font-family:Arial;font-size:10pt;' >ulated asset amortized over five years and $</font><font style='font-family:Arial;font-size:10pt;' >7</font><font style='font-family:Arial;font-size:10pt;' > million USD recorded as property plant and equipment depreciating at an average 27 years.  Both assets are included in Rate Base.  The GBPA has approved full recovery of the storm restoration costs in this mann</font><font style='font-family:Arial;font-size:10pt;' >er.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In December 2016, the GBPA approved that over a five year period, 2017 to 2021, the all-in rate for electricity (fuel and base rates) will be held at 2016 levels.  Any over-recovery of fuel costs during this period will be applied to the Hurricane Mat</font><font style='font-family:Arial;font-size:10pt;' >thew regulatory deferral, until such time as the deferral is recovered.  Should GBPC recover funds in excess of the Hurricane Matthew regulatory deferral, the excess will be placed in a new storm reserve.  If balances remain within the Hurricane Matthew de</font><font style='font-family:Arial;font-size:10pt;' >ferral at the end of five years, GBPC will have the opportunity to request recovery from customers in future rates.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Brunswick Pipeline </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Brunswick Pipeline is a </font><font style='font-family:Arial;font-size:10pt;' >145</font><font style='font-family:Arial;font-size:10pt;' >-kilometre pipeline delivering natural gas from the Canaport&#8482; re-gasified liquefied natural</font><font style='font-family:Arial;font-size:10pt;' > gas (&#8220;LNG&#8221;) import terminal near Saint John, New Brunswick to markets in the northeastern United States.  Brunswick Pipeline entered into a 25</font><font style='font-family:Arial;font-size:10pt;' >-</font><font style='font-family:Arial;font-size:10pt;' >year firm service agreement commencing in July 2009 with Repsol Energy Canada.  The pipeline is considered a Gro</font><font style='font-family:Arial;font-size:10pt;' >up II pipeline regulated by the National Energy Board (&#8220;NEB&#8221;).  The NEB Gas Transportation Tariff is filed by Brunswick Pipeline in compliance with the requirements of the NEB Act and sets forth the terms and conditions of the transportation rendered by Br</font><font style='font-family:Arial;font-size:10pt;' >unswick Pipeline.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Regulatory Assets and Liabilities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Regulatory assets and liabilities consisted of the following: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:303.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:65.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td style='width:26.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Regulatory assets</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred income tax regulatory assets</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  632</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  431</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pension and post-retirement medical plan</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  373</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Environmental remediations </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  49</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unamortized defeasance costs </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  46</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015 demand side management deferral  </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  32</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  36</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >GBPC Hurricane Matthew restoration</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  28</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Stranded cost recovery</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  27</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  28</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Debt basis adjustment</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  19</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferrals related to derivative instruments</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  68</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cost-recovery clauses </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred bond refinancing costs </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulated fuel adjustment mechanism  </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  87</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  64</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,322</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  699</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  80</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  94</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,242</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  605</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total regulatory assets </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,322</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  699</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Regulatory liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accumulated reserve - cost of remova</font><font style='font-family:Arial;font-size:8pt;color:#000000;' >l </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  990</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  94</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferrals related to derivative instruments</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  230</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  210</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cost-recovery clauses </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  153</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulated fuel adjustment mechanism  </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  94</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Transmission and delivery storm reserve</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  75</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Self-insurance fund  (notes 7 and 33)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  30</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  87</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred income tax regulatory liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  26</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  18</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Bill reduction credit</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > </font><font style='font-family:Arial;font-size:9pt;color:#000000;' >(note 4)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  31</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,639</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  465</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  362</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  112</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,277</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  353</font></td></tr><tr style='height:10.5pt;' ><td style='width:303.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:303.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total regulatory liabilities</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:65.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,639</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  465</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Deferred Income Tax Regulatory Asset and Liability</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >To the extent deferred income taxes are expected to be recovered from or returned to customers in future rates, a regulatory asset or liability is recognized, unless specifically directed otherwise by a </font><font style='font-family:Arial;font-size:10pt;' >regulator.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Pension and Post-Retirement Medical Plan </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This asset is primarily related to the deferred costs of pension and postretirement benefits at Emera Florida and New Mexico. It is included in rate base and earns a rate of return as permitted by th</font><font style='font-family:Arial;font-size:10pt;' >e FPSC or NMPRC, as applicable. It is amortized over the remaining service life of plan participants.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Environmental Remediation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This asset is primarily related to Peoples</font><font style='font-family:Arial;font-size:10pt;' > Gas costs associated with the environmental remediation at manufactured gas plant</font><font style='font-family:Arial;font-size:10pt;' > sites</font><font style='font-family:Arial;font-size:10pt;' >. The balance is included in rate base, partially offsetting the related liability, and earns a rate of return as permitted by the FPSC. The timing of recovery is </font><font style='font-family:Arial;font-size:10pt;' >based on a settlement agreement approved by the FPSC.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Unamortized Defeasance Costs</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Up</font><font style='font-family:Arial;font-size:10pt;' >on privatization in 1992, NSPI became responsible for managing a portfolio of defeasance securities held in trust that provide the principal and interest streams to match the related defeased debt, which as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, totaled $</font><font style='font-family:Arial;font-size:10pt;' >0.8 </font><font style='font-family:Arial;font-size:10pt;' >billion </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211;</font><font style='font-family:Arial;font-size:10pt;' > $</font><font style='font-family:Arial;font-size:10pt;' >0.8 </font><font style='font-family:Arial;font-size:10pt;' >billion).  The excess of the cost of defeasance investments over the face value of the related debt is deferred on the balance sheet and amortized over the life of the defeased debt as approved by the UARB.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >2015 DSM Deferral</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Effective January 1</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >2015, NSPI must purchase electricity efficiency and conservation activities (&#8220;Program Costs&#8221;) from EfficiencyOne, the provincially appointed franchisee to deliver energy efficiency programs to Nova Scotians.  The 2015 Program Costs were deferred to a regul</font><font style='font-family:Arial;font-size:10pt;' >atory asset and are recoverable from customers over an eight-year period which began in 2016.  The UARB directed EffficiencyOne to review the financing options through which they would borrow the 2015 deferral amount from a commercial lender in order to re</font><font style='font-family:Arial;font-size:10pt;' >pay NSPI the amount it expended on behalf of its customers in 2015.  On December 2, 2016, EffficiencyOne secured the financing and advanced funds to NSPI to finance the 2015 DSM deferral.  This was set up as a payable on the consolidated balance sheet, inc</font><font style='font-family:Arial;font-size:10pt;' >luded in current and long-term other liabilities.  As NSPI collects the associated amounts from customers over the next seven years, it will repay the balance to EfficiencyOne thereby reducing the liability.  The 2016 annual DSM costs have not been deferre</font><font style='font-family:Arial;font-size:10pt;' >d and have been charged to earnings.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Hurricane Matthew Restoration</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This asset represents restoration costs incurred by GBPC associated with Hurricane Matthew.    The asset is being amortized over five years and is included in rate base.  The GBPA has approved full recovery of storm </font><font style='font-family:Arial;font-size:10pt;' >restoration costs.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Stranded Cost Recovery</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Due to the decommissioning of a steam turbine in GBPC during 2012, the GBPA approved the recovery of a $</font><font style='font-family:Arial;font-size:10pt;' >21</font><font style='font-family:Arial;font-size:10pt;' > million USD stranded cost through electricity rates; it is included in rate base for 2016 to 2018. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Debt</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Basis Adjustment</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This </font><font style='font-family:Arial;font-size:10pt;' >asset represents the difference between the fair value and pre-merger carrying amounts for NMGC&#8217;s long-term debt on the date TECO Energy acquired NMGC. In accordance with purchase accounting standards, NMGC&#8217;s long-term debt was valued at fair value on the </font><font style='font-family:Arial;font-size:10pt;' >Consolidated Balance Sheets. In accordance with the stipulation agreement with the NMPRC, an offsetting regulatory asset was recorded in order to eliminate the effects of purchase accounting on rate payers. The asset does not earn a return and is not inclu</font><font style='font-family:Arial;font-size:10pt;' >ded in the regulatory capital structure. It is amortized over the term of the related debt instrument.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Deferrals Related to Derivative Instruments  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Tampa Electric, PGS, NMGC, NSPI and GBPC defer changes in fair value of derivatives that are documented a</font><font style='font-family:Arial;font-size:10pt;' >s economic hedges or that do not qualify for NPNS exemption, as a regulatory asset or liability. The realized gain or loss is recognized when the hedged item settles in fuel for generation and purchased power or inventory, depending on the nature of the it</font><font style='font-family:Arial;font-size:10pt;' >em being economically hedged.  Tampa Electric deferrals related to derivative instruments are recovered through cost-recovery mechanisms on a dollar-for-dollar basis in the year following the settlement of the derivative position.</font><font style='font-family:Arial;font-size:11pt;' >    </font><font style='font-family:Arial;font-size:10pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cost Recovery Claus</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >es </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >These assets and liabilities are related to FPSC and NMPRC clauses and riders.  They are recovered or refunded through cost-recovery mechanisms approved by FPSC or NMPRC, as applicable, on a dollar-for-dollar basis in the next year.  In the case of </font><font style='font-family:Arial;font-size:10pt;' >the regulatory asset related to derivative liabilities, recovery occurs in the year following the settlement of the derivative position.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Deferred Bond Refinancing Costs</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This asset represents Tampa Electric and NMGC past costs associated with refinancing </font><font style='font-family:Arial;font-size:10pt;' >debt.  It does not earn a return but is instead included in the capital structure, which is used in the calculation of the weighted average cost of capital used to determine revenue requirements.  It is amortized over the term of the related debt instrumen</font><font style='font-family:Arial;font-size:10pt;' >ts.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Fuel Adjustment Mechanism</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Differences between actual Fuel Costs and amounts recovered from NSPI customers through electricity rates in a year are deferred to a FAM regulatory asset or liability and recovered from or returned to customers in a subsequ</font><font style='font-family:Arial;font-size:10pt;' >ent year.  The 2016 FAM liability is recorded as a current FAM liability of $</font><font style='font-family:Arial;font-size:10pt;' >32</font><font style='font-family:Arial;font-size:10pt;' > million, to be applied in 2017 and a long-term FAM liability of $</font><font style='font-family:Arial;font-size:10pt;' >62</font><font style='font-family:Arial;font-size:10pt;' > million to be returned to customers during the 2018 through 2019 period as legislated.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Accumulated Reserve &#8211; Cost of Removal </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This regulatory liability represents the non-ARO </font><font style='font-family:Arial;font-size:10pt;' >C</font><font style='font-family:Arial;font-size:10pt;' >ost of </font><font style='font-family:Arial;font-size:10pt;' >R</font><font style='font-family:Arial;font-size:10pt;' >emoval</font><font style='font-family:Arial;font-size:10pt;' > (&#8220;COR&#8221;)</font><font style='font-family:Arial;font-size:10pt;' > in the accumulated reserve for depreciation </font><font style='font-family:Arial;font-size:10pt;' >of</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >Tampa Electric and NSPI.  AROs are costs for legally required removal of property, plant and </font><font style='font-family:Arial;font-size:10pt;' >equipment.  Non-ARO COR represent estimated funds received from customers through depreciation rates to cover future non-legally required cost of removal of property, plant and equipment, net of salvage value upon retirement, which reduces rate base for ra</font><font style='font-family:Arial;font-size:10pt;' >temaking purposes</font><font style='font-family:Arial;font-size:10pt;' >.</font><font style='font-family:Times New Roman;font-size:12pt;' > </font><font style='font-family:Arial;font-size:10pt;' >This liability is reduced as COR are incurred and increased as depreciation is recorded for existing assets and as new assets are put into service.  Prior to July 1, 2016, NSPI presented COR as a deduction in the carrying value of proper</font><font style='font-family:Arial;font-size:10pt;' >ty, plant and equipment as part of accumulated depreciation.</font><font style='font-family:Arial;font-size:10pt;' >  The total amount reclassified as at December 31, 2015 was $</font><font style='font-family:Arial;font-size:10pt;' >94</font><font style='font-family:Arial;font-size:10pt;' > million.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Transmission and Delivery Storm Reserve</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The storm reserve is for hurricanes </font><font style='font-family:Arial;font-size:10pt;' >and other named storms that cause significant</font><font style='font-family:Arial;font-size:10pt;' > damage to Tampa Electric&#8217;s system.  Tampa Electric can petition the FPSC to seek recovery of restoration costs over a 12-month period, or longer, as determined by the FPSC, as well as replenish its reserve to the current level.  As a result of several nam</font><font style='font-family:Arial;font-size:10pt;' >ed storms including Tropical Storm Colin, Hurricane Hermine and Hurricane Matthew, Tampa Electric incurred $</font><font style='font-family:Arial;font-size:10pt;' >11</font><font style='font-family:Arial;font-size:10pt;' > million of storm costs in 2016 and 2015.  On January 31, 2017, Tampa Electric petitioned the FPSC to seek full recovery of those costs as a surch</font><font style='font-family:Arial;font-size:10pt;' >arge to customers during the five month period ended December 31, 2017.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Bill Reduction Credit</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >This </font><font style='font-family:Arial;font-size:10pt;' >regulatory </font><font style='font-family:Arial;font-size:10pt;' >liability represents NMGC&#8217;s stipulation agreement included a commitment to provide an annual bill reduction credit to customers</font><font style='font-family:Arial;font-size:10pt;' > of $</font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' > million USD per year through June 30, 2018</font><font style='font-family:Arial;font-size:10pt;' >, as part of Emera&#8217;s acquisition of TECO Energy.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for detailed information about regulatory assets and liabilities, including current and noncurrent assets created when regulatory agencies permit the deferral of costs to the balance sheet that would otherwise be required to appear on the company's income statement and would be charged against current expenses or revenues, as well as current and noncurrent liabilities created when regulatory agencies permit.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856257936">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Related Party Transactions<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >18</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >RELATED PA</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >RTY TRANSACTIONS</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In the ordinary course of business, Emera provides energy, construction and other services and enters into transactions with its subsidiaries, associates and other related companies on terms similar to those offered to non-related parties.&#160; Inter-company </font><font style='font-family:Arial;font-size:10pt;' >balances and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between non-regulated and regulated entities in accordance with accounting standards for rate-regulated entities</font><font style='font-family:Arial;font-size:10pt;' >, as discussed </font><font style='font-family:Arial;font-size:10pt;' >in note 1</font><font style='font-family:Arial;font-size:10pt;' >.</font><font style='font-family:Arial;font-size:10pt;' > All material amounts are under normal interest and credit terms.</font><font style='font-family:Arial;font-size:10pt;' >&#160; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Significant transactions between Emera and its associated companies include</font><font style='font-family:Arial;font-size:10pt;' > natural gas transportation capacity revenues from M&amp;NP reported in the Consolidated Statements of Inc</font><font style='font-family:Arial;font-size:10pt;' >ome. Revenues from M&amp;NP, reported in Operating rev</font><font style='font-family:Arial;font-size:10pt;' >enues, Non-regulated, totaled $</font><font style='font-family:Arial;font-size:10pt;' >29</font><font style='font-family:Arial;font-size:10pt;' > million</font><font style='font-family:Arial;font-size:10pt;' > for the year ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > - $</font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' > million). &#160;</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >There are no significant amounts between </font><font style='font-family:Arial;font-size:10pt;' >Emera and its </font><font style='font-family:Arial;font-size:10pt;' >associated</font><font style='font-family:Arial;font-size:10pt;' > companies reported on Emera&#8217;s Consoli</font><font style='font-family:Arial;font-size:10pt;' >dated Balance S</font><font style='font-family:Arial;font-size:10pt;' >heets as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >and </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' >.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(k))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39622-107864<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39678-107864<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39691-107864<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855831088">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Prepayments and Other Current Assets<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseAndOtherAssetsCurrentAbstract', window );"><strong>Prepaid Expense and Other Assets, Current [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherCurrentAssetsTextBlock', window );">Prepayment and other current assets [Text Block]</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >19.  PREPAYMENTS AND OTHER CURRENT ASSETS</font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Prepayments and other current assets consisted of the following:</font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Capitalized transportation capacity </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  190</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  223</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Prepaid expenses</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  57</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  18</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Due from related parties</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  16</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net investment in direct financing lease</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  8</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  7</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  276</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  256</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Capitalized transportation capacity represents the value of transportation/storage received by EES on asset management agreements at the inception of the contracts.  The asset is amortized over the term of each contract. </font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for other current assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858094640">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Property, Plant and Equipment<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentAbstract', window );"><strong>Property, Plant and Equipment [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock', window );">PROPERTY, PLANT AND EQUIPMENT</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >20. </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' > PROPERTY, P</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >LANT AND EQUIPMENT</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Property, plant and equipment consisted of the following regulated and non-regulated assets: </font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:171pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:155.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Estimated useful life</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Generation</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3 to 131</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10,553</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4,957</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Transmission</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >28 to 77</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,799</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,603</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Distribution</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >11 to 80</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5,715</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,503</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Gas transmission and distribution</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10 to 85</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,895</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >General plant and other</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3 to 50</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,711</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  932</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total cost</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  23,673</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9,995</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less:  Accumulated depreciation</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (7,787)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3,737)</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15,886</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6,258</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Construction work in progress</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,404</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  211</font></td></tr><tr style='height:10.5pt;' ><td style='width:171pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:171pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net book value</font></td><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17,290</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6,469</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855805232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Employee Benefit Plans<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CompensationAndRetirementDisclosureAbstract', window );"><strong>Employee Benefit Plans [Abstract]</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock', window );">EMPLOYEE BENEFIT PLANS</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >21.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  EMPLOYEE BENEFIT PLANS</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera maintains a number of contributory defined-benefit and defined-contribution pension plans, which cover sub</font><font style='font-family:Arial;font-size:10pt;' >stantially all of its employees.  In addition, the Company provides</font><font style='font-family:Arial;font-size:10pt;' > non-pension benefits for its retirees</font><font style='font-family:Arial;font-size:10pt;' >.  </font><font style='font-family:Arial;font-size:10pt;' >These plans cover employees</font><font style='font-family:Arial;font-size:10pt;' > in Nova Scotia, </font><font style='font-family:Arial;font-size:10pt;' >New Brunswick, Newfoundland and Labrador, Florida, </font><font style='font-family:Arial;font-size:10pt;' >Maine,</font><font style='font-family:Arial;font-size:10pt;' > Connecticut, Massachusetts, Rhode Island,</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >New Mexico, </font><font style='font-family:Arial;font-size:10pt;' >Barbados</font><font style='font-family:Arial;font-size:10pt;' >, Dominica</font><font style='font-family:Arial;font-size:10pt;' > and Grand Bahama Island.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The acquisition </font><font style='font-family:Arial;font-size:10pt;' >of TECO Energy has added three defined </font><font style='font-family:Arial;font-size:10pt;' >benefit pension plans:</font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >TECO Energy Group Retirement Plan.  An ongoing qualified pension plan covering all employees of TECO Energy, Inc. and its affiliates.  This plan is a pension equity plan funded solely by employer contributions.  There are no employee</font><font style='font-family:Arial;font-size:10pt;' > contributions to this plan.</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >TECO Energy Group Supplemental Executive Retirement Plan.  An unqualified supplemental executive retirement plan covering certain officers elected by the previous TECO Energy Board of Directors.  This plan was historically unfu</font><font style='font-family:Arial;font-size:10pt;' >nded, but was funded as a result of Emera&#8217;s acquisition of TECO Energy. </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >TECO Energy Group Benefit Restoration Plan</font><font style='font-family:Arial;font-size:10pt;' >.</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >An unfunded supplemental executive retirement plan effective January 1, 2016. The plan provides the benefits under the TECO Energy Group R</font><font style='font-family:Arial;font-size:10pt;' >etirement Plan formula that would otherwise be restricted as a result of the Internal Revenue Code.</font></li></ul><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In addition, there are two non-pension benefit plans:</font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >TECO Energy Post-retirement Health and Welfare Plan.  This plan offers retirees under age 65 and thei</font><font style='font-family:Arial;font-size:10pt;' >r dependents a self-funded health reimbursement account (&#8220;HRA&#8221;) medical plan identical to that offered to active TECO Energy employees.  Retirees over the age of 65 are enrolled in a Medicare Advantage plan.</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >New Mexico Gas Company Retiree Medical Plan</font><font style='font-family:Arial;font-size:10pt;' >.  </font><font style='font-family:Arial;font-size:10pt;' >Th</font><font style='font-family:Arial;font-size:10pt;' >is plan offers retirees under age 65 and their dependents a self-funded HRA medical plan identical to that offered to active TECO Energy employees.  Retirees over age 65 and their dependents receive a fixed subsidy with which they can purchase additional c</font><font style='font-family:Arial;font-size:10pt;' >overage through a medical supplement program.  Dental benefits are provided to retirees and spouses. Plan assets are held in a trust.  </font></li></ul><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The net periodic costs below that relate to TECO Energy reflect purchase accounting </font><font style='font-family:Arial;font-size:10pt;' >at the acquisition date.  In accord</font><font style='font-family:Arial;font-size:10pt;' >ance with the Company&#8217;s accounting policies, </font><font style='font-family:Arial;font-size:10pt;' >unamortized </font><font style='font-family:Arial;font-size:10pt;' >gains and losses and past service costs are recognized in AOCI for TECO Energy&#8217;s unregulated companies and as regulatory assets for their </font><font style='font-family:Arial;font-size:10pt;' >regulated companies.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Benefit Obligation and Plan Assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The changes in </font><font style='font-family:Arial;font-size:10pt;' >b</font><font style='font-family:Arial;font-size:10pt;' >enefit </font><font style='font-family:Arial;font-size:10pt;' >o</font><font style='font-family:Arial;font-size:10pt;' >bligation and </font><font style='font-family:Arial;font-size:10pt;' >p</font><font style='font-family:Arial;font-size:10pt;' >lan </font><font style='font-family:Arial;font-size:10pt;' >a</font><font style='font-family:Arial;font-size:10pt;' >ssets, and the </font><font style='font-family:Arial;font-size:10pt;' >f</font><font style='font-family:Arial;font-size:10pt;' >unded </font><font style='font-family:Arial;font-size:10pt;' >s</font><font style='font-family:Arial;font-size:10pt;' >tatus for all plans were as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:168.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the </font></td><td colspan='8' rowspan='1' style='width:300pt;text-align:right;vertical-align:top;border-color:Black;min-width:300pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:31.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Change in Projected Benefit Obligation (&quot;PBO&quot;) and Accumulated Post-retirement Benefit Obligation (&quot;APBO&quot;)</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefit plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,520</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  88</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,470</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  102</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Addition of TECO Energy, July 1, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,035</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  277</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Service cost</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  35</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  22</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Plan participant contributions</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest cost</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  79</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  59</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Plan amendments</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Benefits paid </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (94)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (16)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (61)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (6)</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Actuarial losses </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (12)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (15)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign currency translation adjustment</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  26</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  37</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,607</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  358</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,520</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  88</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Change in plan assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,300</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,205</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Addition of TECO Energy, July 1, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  830</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  29</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Employer contributions</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  49</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Plan participant contributions </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Benefits paid</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (94)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (16)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (61)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (6)</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Actual return on assets, net of expenses</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  93</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  96</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Foreign currency translation adjustment</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  22</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,208</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,300</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Funded status, end of year </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (399)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (319)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (220)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (82)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Plans </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >with </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >PBO</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >/</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >APBO</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >in excess of plan assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Arial;font-size:10pt;' >he aggregate financial position for all pension plans where the PBO or, for post-retirement benefit plans, the APBO exceeds the plan assets </font><font style='font-family:Arial;font-size:10pt;' >for the years ended December 31 is </font><font style='font-family:Arial;font-size:10pt;' >as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefit plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >PBO/APBO</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,579</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  358</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,489</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  87</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fair value of plan assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,171</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,261</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Funded status</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (408)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (319)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (228)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (82)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Plans with Accumulated Benefit Obligation (&#8220;ABO&#8221;)</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >in excess of plan assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Arial;font-size:10pt;' >ABO </font><font style='font-family:Arial;font-size:10pt;' >for the defined benefit pension plans was $</font><font style='font-family:Arial;font-size:10pt;' >2,489 </font><font style='font-family:Arial;font-size:10pt;' >million</font><font style='font-family:Arial;font-size:10pt;' > as at December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >1,427</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million).  </font><font style='font-family:Arial;font-size:10pt;' >T</font><font style='font-family:Arial;font-size:10pt;' >he aggregate financial position for </font><font style='font-family:Arial;font-size:10pt;' >those</font><font style='font-family:Arial;font-size:10pt;' > plan</font><font style='font-family:Arial;font-size:10pt;' >s with an </font><font style='font-family:Arial;font-size:10pt;' >ABO in excess of the p</font><font style='font-family:Arial;font-size:10pt;' >lan assets </font><font style='font-family:Arial;font-size:10pt;' >for the yea</font><font style='font-family:Arial;font-size:10pt;' >rs ended December 31 is as follows</font><font style='font-family:Arial;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:318.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:318.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:318.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >ABO</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,462</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,424</font></td></tr><tr style='height:10.5pt;' ><td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fair value of plan assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,171</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,261</font></td></tr><tr style='height:10.5pt;' ><td style='width:318.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:318.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Funded status</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (291)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (163)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Balance Sheet </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The amounts recognized in the Consolidated Balance Sheets </font><font style='font-family:Arial;font-size:10pt;' >consisted of the following: </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:168.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:131.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:131.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='4' rowspan='1' style='width:150pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefit plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (41)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (17)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term liabilities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (367)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (302)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (224)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (79)</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other asset (non-current)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amount included in deferred tax asset</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  16</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  19</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td></tr><tr style='height:21pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >AOCL (AOCI) and regulatory assets after-tax adjustment</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  620</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  45</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  330</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (9)</font></td></tr><tr style='height:10.5pt;' ><td style='width:168.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:168.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net amount recognized at end of year</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  237</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (275)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  130</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (94)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Amounts recognized in AOCI and Regulatory assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Unamortized gains and losses and past service costs arising on post-retirement benefits are recorded in AOCI</font><font style='font-family:Arial;font-size:10pt;' > or regulatory assets</font><font style='font-family:Arial;font-size:10pt;' >.  Unamortized net losses and past service costs as at the acquisition date for TECO Energy&#8217;s regulated companies were </font><font style='font-family:Arial;font-size:10pt;' >recorded as r</font><font style='font-family:Arial;font-size:10pt;' >egulatory assets.  The following table</font><font style='font-family:Arial;font-size:10pt;' > summarizes </font><font style='font-family:Arial;font-size:10pt;' >the change in A</font><font style='font-family:Arial;font-size:10pt;' >OCI and </font><font style='font-family:Arial;font-size:10pt;' >r</font><font style='font-family:Arial;font-size:10pt;' >egulatory assets:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:243.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory assets</font></td><td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Actuarial losses</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >(gains)</font></td><td colspan='2' rowspan='2' style='width:75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Past service</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >(gains) costs</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined Benefit Pension Plans</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1, 2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  353</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amortized in current period</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (9)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (42)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current year addition to AOCL or regulatory assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  318</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  19</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  309</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  330</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (3)</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefits plans</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1, 2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  15</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amortized in current period</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current year addition to AOCL (AOCI) or regulatory assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  48</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:243.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:243.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31, 2016</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  48</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  15</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (19)</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefit plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Actuarial losses</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  330</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  353</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  15</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Past service (gains)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (3)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (19)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (27)</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  309</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  48</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total AOCL (AOCI) and regulatory assets on a pre-tax basis</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  636</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  44</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  349</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (12)</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amount included in deferred tax asset</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (16)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (19)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net amount in AOCL (AOCI) and regulatory assets after-tax adjustment</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  620</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  45</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  330</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (9)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Benefit cost components</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#39;s net periodic benefit cost included the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:183.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:123.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:123.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefit plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Service cost</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  35</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  22</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest cost</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  79</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  59</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Expected return on plan assets</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (97)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (65)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current year amortization of:</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Actuarial losses</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  42</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  48</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Past service costs (gains)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (8)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (6)</font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Regulatory assets (liability)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  67</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  63</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The expected return on plan assets is determined based on the market-related value of plan assets of $</font><font style='font-family:Arial;font-size:10pt;' >1,180 </font><font style='font-family:Arial;font-size:10pt;' >million as at January 1, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > and $</font><font style='font-family:Arial;font-size:10pt;' >859</font><font style='font-family:Arial;font-size:10pt;' > million as at the acquisition date for TECO Energy </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >1,089</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million)</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >adjusted for interest on certain cash flows during the year.  </font><font style='font-family:Arial;font-size:10pt;' >T</font><font style='font-family:Arial;font-size:10pt;' >he market-related value of assets </font><font style='font-family:Arial;font-size:10pt;' >for TECO Energy was </font><font style='font-family:Arial;font-size:10pt;' >reset to equal the market value of assets as at July 1, 2016.</font><font style='font-family:Arial;font-size:10pt;' >  </font><font style='font-family:Arial;font-size:10pt;' >The market-related value of assets is based on a five-year smoothed asset va</font><font style='font-family:Arial;font-size:10pt;' >lue.  Any investment gains (or losses) in excess of (or less than) the expected return on plan assets are recognized on a straight-line basis into the market-related value of assets over a five-year period.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Pension Plan Asset Allocations</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s investment policy includes discussion regarding the investment philosophy, the level of risk which the Company is prepared to accept with respect to the investment of the Pension Funds, and the basis for measuring </font><font style='font-family:Arial;font-size:10pt;' >the performance of the assets.  Central to the policy is the target asset allocation by major asset categories.  The objective of the target asset allocation is to diversify risk and to achieve asset returns that meet or exceed the plan&#8217;s actuarial assumpt</font><font style='font-family:Arial;font-size:10pt;' >ions. The diversification of assets reduces the inherent risk in financial markets by requiring that assets be spread out amongst various asset classes.  Within each asset class, a further diversification is undertaken through the investment in a broad bas</font><font style='font-family:Arial;font-size:10pt;' >ket of investment and non-investme</font><font style='font-family:Arial;font-size:10pt;' >nt grade securities. </font><font style='font-family:Arial;font-size:10pt;' >Emera&#8217;s target asset allocation is as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Canadian Pension Plans</font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Asset Class</font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Target Range at Market</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Short-term securities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed income</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >35%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >50%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equities:</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Canadian</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >12%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >22%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Non-Canadian</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >36%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >50%</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-Canadian Pension Plans</font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Asset Class</font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Target Range at Market</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Short-term securities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed income</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >40%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >48%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >50%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >61%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Pension Plan assets are overseen by the respective Management Pension Committees </font><font style='font-family:Arial;font-size:10pt;' >in </font><font style='font-family:Arial;font-size:10pt;' >the sponsoring </font><font style='font-family:Arial;font-size:10pt;' >companies</font><font style='font-family:Arial;font-size:10pt;' >.&#160; All pension investments are in accordance with policies approved by the respective Board of Directors of each sponsoring </font><font style='font-family:Arial;font-size:10pt;' >company</font><font style='font-family:Arial;font-size:10pt;' >. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Arial;font-size:10pt;' >following tables set out the classification of the methodology used by the Company to fair value its</font><font style='font-family:Arial;font-size:10pt;' > investments</font><font style='font-family:Arial;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:135pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:15.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='6' rowspan='1' style='width:198.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:198.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NAV</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 1</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 2</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Percentage</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >31</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >31</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net in-transits</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >(42)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >(42)</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >(2)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equity Securities:</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Canadian equity</font></td><td style='width:15.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >192</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >192</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >9</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  US equity </font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >303</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >303</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >14</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Other equity</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >243</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >243</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >11</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed income securities:</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Government</font></td><td style='width:15.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >47</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >47</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Corporate</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >53</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >53</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Other</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >5</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >14</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >19</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Open-ended investments measured at NAV</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > (1)</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1,132</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1,132</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >51</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Common collective trusts measured at NAV </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >230</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >230</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >11</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:135pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total </font></td><td style='width:15.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1,362</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >732</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >114</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2,208</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >100</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td colspan='11' rowspan='1' style='width:458.25pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:458.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) NAV investments are open-ended registered and non-registered mutual funds, collective investment trusts, or pooled funds.  NAV&#8217;s are calculated daily and the funds honor subscription and redemption activity regularly.</font></td></tr><tr style='height:10.5pt;' ><td colspan='11' rowspan='1' style='width:458.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:458.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) The common collective trusts are private funds valued at NAV.  The NAVs are calculated based on bid prices of the underlying securities.  Since the prices are not published to external sources, NAV is used as a practical expedient.  Certain funds invest primarily in equity securities of domestic and foreign issuers while others invest in long duration U.S. investment grade fixed income assets and seeks to increase return through active management of interest rate and credit risks.  The funds honor subscription and redemption activity regularly.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:213.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='5' rowspan='1' style='width:172.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NAV</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 1</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Percentage</font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equity securities:</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Canadian equity</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  190</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  190</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  US equity </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >18</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Other equity</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >18</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:12pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Other investments measured at NAV</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  619</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  619</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >48</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:12.75pt;' ><td style='width:213.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:213.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  619</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  682</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,301</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >100</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Refer to note </font><font style='font-family:Arial;font-size:10pt;' >16</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >for more information on the fair value hierarchy and inp</font><font style='font-family:Arial;font-size:10pt;' >uts used to measure fair value.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Canadian Post</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >-</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >Retirement Benefit Plans</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >There are no assets set aside to pay for the Canadian post-retirement benefit plans.  As is common in Canada, post-retirement health benefits are paid from general accounts </font><font style='font-family:Arial;font-size:10pt;' >as required</font><font style='font-family:Arial;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >US Post</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >-</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >Retirement Benefit Plans </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s US subsidiaries currently </font><font style='font-family:Arial;font-size:10pt;' >provide certain post-retirement health care and life insurance benefits for employees retiring after age 5</font><font style='font-family:Arial;font-size:10pt;' >0</font><font style='font-family:Arial;font-size:10pt;' > who meet eligibility requirements.  Post-retirement benefit levels are substantially unrelated to salary.  The company reserves the right to termina</font><font style='font-family:Arial;font-size:10pt;' >te or modify plans in whole or in part at any time.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera Maine provides retiree medical benefits to certain groups of employees.  The Company&#39;s retiree medical expenses are incorporated into rate filings with its regulators and are recovered through its </font><font style='font-family:Arial;font-size:10pt;' >electric rates to customers.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO</font><font style='font-family:Arial;font-size:10pt;' > Energy</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >NMGC </font><font style='font-family:Arial;font-size:10pt;' >offers retirees under age 65 and their dependents a self-funded HRA medical plan identical to that offered to active TECO Energy employees.  TECO</font><font style='font-family:Arial;font-size:10pt;' > Energy</font><font style='font-family:Arial;font-size:10pt;' > retirees over the age of 65 are enrolled in </font><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >Medicare Advantage plan.  NMGC </font><font style='font-family:Arial;font-size:10pt;' >retirees over age 65 and their dependents receive a fixed subsidy with which they can purchase additional coverage through a medical supplement program.  </font><font style='font-family:Arial;font-size:10pt;' >NMGC </font><font style='font-family:Arial;font-size:10pt;' >also provides dental benefits to retirees and spouses.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The target</font><font style='font-family:Arial;font-size:10pt;' > asset allocation for the Emera Maine Post-Retirement Benefits Plan is as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:333.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Asset Class</font></td><td colspan='4' rowspan='1' style='width:142.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:142.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Target Range at Market</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Short-term securities</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >50%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed income</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >40%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equities:</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  US</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >30%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >60%</font></td></tr><tr style='height:10.5pt;' ><td style='width:333.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:333.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  Non-US</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0%</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >to</font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >60%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The assets for the </font><font style='font-family:Arial;font-size:10pt;' >NMGC </font><font style='font-family:Arial;font-size:10pt;' >Post-Retirement Benefits Plan are invested in life insurance policies.   The life insurance does not mirror any specific employee benefit.&#160; The </font><font style='font-family:Arial;font-size:10pt;' >p</font><font style='font-family:Arial;font-size:10pt;' >lan can tap into the cash surrender value of the life insurance policies to generate </font><font style='font-family:Arial;font-size:10pt;' >cash to pay retire</font><font style='font-family:Arial;font-size:10pt;' >e</font><font style='font-family:Arial;font-size:10pt;' > medical costs.&#160; In addition, as the </font><font style='font-family:Arial;font-size:10pt;' >individuals </font><font style='font-family:Arial;font-size:10pt;' >covered by the life insurance die, the </font><font style='font-family:Arial;font-size:10pt;' >p</font><font style='font-family:Arial;font-size:10pt;' >lan </font><font style='font-family:Arial;font-size:10pt;' >receives </font><font style='font-family:Arial;font-size:10pt;' >the life insurance proceeds (less any cash surrender value previously drawn upon) to cover retiree medical costs.&#160; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The fair values of</font><font style='font-family:Arial;font-size:10pt;' > investments as at December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >for all Post</font><font style='font-family:Arial;font-size:10pt;' >-</font><font style='font-family:Arial;font-size:10pt;' >Retirement Benefit Plans by asset category, are as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:236.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31,2016</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NAV</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 1</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Level 2</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total</font></td><td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Percentage</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Life insurance policies </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  33</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  33</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  85</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other investments measured at NAV</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  33</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  39</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  100</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td colspan='11' rowspan='1' style='width:477pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:477pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) For valuation purposes, the life insurance policies held for the NMGC retiree medical plan are valued at the cash surrender value and are considered Level 2 assets</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:53.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:12pt;' ><td style='width:155.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:20.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='7' rowspan='1' style='width:236.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:12pt;' ><td style='width:155.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NAV</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 1</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Level 2</font></td><td colspan='2' rowspan='1' style='width:65.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:65.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td colspan='2' rowspan='1' style='width:60.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Percentage</font></td></tr><tr style='height:12pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other investments measured at NAV</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  80</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:12.75pt;' ><td style='width:155.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:155.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:20.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:20.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  100</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Refer </font><font style='font-family:Arial;font-size:10pt;' >to Note </font><font style='font-family:Arial;font-size:10pt;' >16</font><font style='font-family:Arial;font-size:10pt;' > for more information on the fair value hierarchy and inputs used to measure fair value. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Investments in Emera</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' >, the assets related to the </font><font style='font-family:Arial;font-size:10pt;' >pension funds and </font><font style='font-family:Arial;font-size:10pt;' >post-retirement benefit plans do not </font><font style='font-family:Arial;font-size:10pt;' >hold any material investments in Emera</font><font style='font-family:Arial;font-size:10pt;' > or its subsidiaries</font><font style='font-family:Arial;font-size:10pt;' > securities.&#160; However, as a significant portion of assets for the benefit plan are held in pooled assets, there may be indirect investments in these securities.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Cash Flows</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following table </font><font style='font-family:Arial;font-size:10pt;' >shows the expected cash flows for defined benefit pension and other post-retirement benefit plans:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:21pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Expected employer contributions</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  117</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  25</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Expected benefit payments</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  172</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  22</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  140</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  150</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  156</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  24</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  165</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  25</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2022 &#8211; 2026</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  912</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  130</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:177.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Assumptions</font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:27.75pt;' ><td colspan='8' rowspan='1' style='width:459.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:459.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The following table shows the assumptions that have been used in accounting for defined benefit pension and other post-retirement benefit plans:</font></td><td style='width:9pt;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:145.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='4' rowspan='1' style='width:145.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:145.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(weighted average assumptions)</font></td><td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Non-pension benefit plans</font></td><td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:72.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:72.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Benefit obligation &#8211; December 31:</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >3.96</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >4.18</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.02</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.04</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Rate of compensation increase</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.82</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.54</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.07</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.50</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Health care trend  - initial (next year)</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >6.78</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.50</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >                              - ultimate </font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >4.45</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.20</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >                              - year ultimate reached</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2020</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Benefit cost for year ended December 31:</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >3.79</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >3.88</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.99</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.98</font></td><td style='width:9pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Expected long-term return on plan assets</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >6.33</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >4.43</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.91</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Rate of compensation increase</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.88</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.56</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.07</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.50</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Health care trend  - initial (current year)</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >6.76</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.90</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >                              - ultimate </font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >4.45</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.30</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >                              - year ultimate reached</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2020</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='9' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Figures shown are weighted averages.  Actual assumptions used differ by plan.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The expected long-term rate of return on plan assets is based on historical and projected real rates of return for the plan&#8217;s current asset allocation, and assumed inflation.  A real rate of return is determined for each asset class.  Based on the asset </font><font style='font-family:Arial;font-size:10pt;' >allocation, an overall expected real rate of return for all assets is determined.  The asset return assumption is equal to the overall real rate of return assumption added to the inflation assumption, adjusted for assumed expenses to be paid from the plan.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The discount rate is based on high-quality long-term corporate bonds, with maturities matching the estimated cash flows from the pension plan</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Sensitivity Analysis for Non-Pension Benefits Plans</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The health care cost trend significantly influences the am</font><font style='font-family:Arial;font-size:10pt;' >ounts presented for health care plans.  An </font><font style='font-family:Arial;font-size:10pt;' >increase or decrease of one percentage point of the assumed health care cost trend would have had the following impact in </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Increase</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Decrease</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Service cost and interest cost</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accumulated post-retirement benefit obligation, December 31</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  20</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (17)</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Sensitivity Analysis for </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >Defined</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Benefit</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Pension</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Plans</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Arial;font-size:10pt;' >impact on </font><font style='font-family:Arial;font-size:10pt;' >the </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > benefit cost of a 25 basis point change in the discount rate and asset return assumptions is as follows:  </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Increase</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Decrease</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Discount rate assumption</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (7)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  7</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Asset rate assumption</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (4)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Amounts to be Amortized in the Next Fiscal Year</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:21pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The following table shows the amounts from the AOCL and regulatory assets, which are expected to be recognized as part of the net periodic benefit cost in fiscal 2017:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td></tr><tr style='height:21pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Defined benefit pension plans</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-pension</font><font style='font-family:Arial;font-size:9pt;color:#000000;' >benefit plans</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Actuarial gains (losses)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (53)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (1)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Past service gains</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory assets</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (16)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (68)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  10</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Defined Contribution Plan</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera also provides a defined contribution pension plan for certain employees.  The Company&#8217;s contribution for</font><font style='font-family:Arial;font-size:10pt;' > the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >17</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >9</font><font style='font-family:Arial;font-size:10pt;' > million)</font><font style='font-family:Arial;font-size:10pt;' >, with the increase due to the acquisition</font><font style='font-family:Arial;font-size:10pt;' > of TECO</font><font style='font-family:Arial;font-size:10pt;' > E</font><font style='font-family:Arial;font-size:10pt;' >nergy</font><font style='font-family:Arial;font-size:10pt;' >.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for pension and other postretirement benefits.</p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858094640">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Net Investment in Direct Financing Lease<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Net Investment in Direct Financing Lease [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalLeasesInFinancialStatementsOfLessorDisclosureTextBlock', window );">NET INVESTMENT IN DIRECT FINANCING LEASE</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >22</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >NET INVESTMENT IN DIRECT FINANCING LEASE</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s net investment in direct financing lease primarily relates to Brunswick Pipeline. B</font><font style='font-family:Arial;font-size:10pt;' >runswick Pipeline commenced service on July 16, 2009, transporting re-gasified LNG for Repsol Energy Canada </font><font style='font-family:Arial;font-size:10pt;' >under a 25</font><font style='font-family:Arial;font-size:10pt;' >-</font><font style='font-family:Arial;font-size:10pt;' >year firm service agreement.  The agreement meets the definition of a direct financing capital lease for accounting purposes.  </font><font style='font-family:Arial;font-size:10pt;' >The </font><font style='font-family:Arial;font-size:10pt;' >net investment in direct financing lease</font><font style='font-family:Arial;font-size:10pt;' > consists of the sum of the minimum lease payments and residual value net </font><font style='font-family:Arial;font-size:10pt;' >of estimated executory costs and unearned income.</font><font style='font-family:Arial;font-size:10pt;' >&#160;</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >The unearned income is recognized in income over the life of the lease using a constant rate of interest equal to the internal rate of return on the lease.</font><font style='font-family:Arial;font-size:10pt;' >  Net investment in direct financing lease consist</font><font style='font-family:Arial;font-size:10pt;' >s of the following:  </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total minimum lease payments to be received</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,194</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,202</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less: amounts representing estimated executory costs </font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (223)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (213)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Minimum lease payments receivable</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  971</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  989</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Estimated residual value of leased property (unguaranteed)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  183</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  183</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less: unearned finance lease income</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (658)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (686)</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net investment in direct financing lease</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  496</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  486</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Principal due within one year (included in &#8220;Prepayments and other current assets&#8221;)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  8</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net investment in direct financing lease &#8211; long-term</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  488</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  480</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='11' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Future minimum lease payments to be received for the next five years:</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:32.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:32.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td colspan='10' rowspan='1' style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td colspan='2' rowspan='1' style='width:47.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Minimum lease payments to be received</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  65</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  65</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  65</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  65</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  65</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less: amounts representing estimated executory costs</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (11)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (11)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (12)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (12)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (12)</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Minimum lease payments receivable</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  54</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  54</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  53</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  53</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:32.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:32.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  53</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for lessor's leasing arrangements, which includes direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 30<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=25496975&amp;loc=d3e45377-112738<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6452767&amp;loc=d3e37045-112695<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 840<br> -SubTopic 10<br> -Section 55<br> -Paragraph 47<br> -URI http://asc.fasb.org/extlink&amp;oid=6584217&amp;loc=d3e38847-112698<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858043680">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract', window );"><strong>Goodwill [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock', window );">GOODWILL</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:15.75pt;' ><td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >23.  GOODWILL</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:453.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The change in goodwill for the year ended December 31 is due to the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  264</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  222</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Acquisition of TECO Energy as at July 1, 2016 (note 4)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5,771</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Impairment</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Change in foreign exchange rate</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  178</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6,213</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  264</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:453.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >G</font><font style='font-family:Arial;font-size:10pt;' >oodwill on Emera&#8217;s balance sheet relates to the ac</font><font style='font-family:Arial;font-size:10pt;' >quisitions of TECO Energy (see n</font><font style='font-family:Arial;font-size:10pt;' >ote 4), Emera Maine and GBPC. Goodwill is subject to an annual assessment for impairment at the reporting unit level. Reporting units are generally determined at the </font><font style='font-family:Arial;font-size:10pt;' >operating segment level or one level below the operating segment level. Emera&#8217;s reporting units with goodwill are Tampa Electric, </font><font style='font-family:Arial;font-size:10pt;' >PGS</font><font style='font-family:Arial;font-size:10pt;' >, New Mexico Gas, Emera Maine and GBPC. &#160;</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Entities assessing goodwill for impairment have the option of first performing a </font><font style='font-family:Arial;font-size:10pt;' >qualitative assessment to determine whether a quantitative assessment is necessary. If an entity performs the qualitative assessment, but determines that it is more likely than not that its fair value is less than its carrying amount or if an entity bypass</font><font style='font-family:Arial;font-size:10pt;' >es the qualitative assessment, a quantitative two-step, fair value-based test is performed. The first step compares the fair value of the reporting unit to its carrying amount, including goodwill. If the carrying amount of the reporting unit exceeds its fa</font><font style='font-family:Arial;font-size:10pt;' >ir value, the second step is performed. The second step requires an allocation of fair value to the individual assets and liabilities using purchase price allocation accounting guidance in order to determine the implied fair value of goodwill. If the impli</font><font style='font-family:Arial;font-size:10pt;' >ed fair value of goodwill is less than the carrying amount, an impairment loss is recorded as a reduction to goodwill and a charge to operating expense. Emera reviews recorded goodwill at least annually (during the fourth quarter) for each reporting unit, </font><font style='font-family:Arial;font-size:10pt;' >with interim impairment tests performed when impairment indicators are present.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >A qualitative assessment was performed for</font><font style='font-family:Arial;font-size:10pt;' > Emera Maine</font><font style='font-family:Arial;font-size:10pt;' >, concluding that the fair value of the reporting unit exceeded its carrying value, and as such, no quantitative assessmen</font><font style='font-family:Arial;font-size:10pt;' >t was performed.  </font><font style='font-family:Arial;font-size:10pt;' >The fair value for GBPC was determined using a discounted cash flow analysis. The fair values for the reporting units acquired in the TECO Energy acquisition (Tampa Electric, </font><font style='font-family:Arial;font-size:10pt;' >PGS</font><font style='font-family:Arial;font-size:10pt;' >, New Mexico Gas) have been preliminarily determined using a</font><font style='font-family:Arial;font-size:10pt;' > weighted combination of a discounted cash flow analysis, a market multiple analysis, and a comparable transactions analysis. The discounted cash flow analysis relies on management&#8217;s best estimate of the reporting units&#8217; projected cash flows. It includes a</font><font style='font-family:Arial;font-size:10pt;' >n estimate of terminal values based on these expected cash flows using a methodology which derives a valuation using an assumed perpetual annuity based on the entity&#8217;s residual cash flows. The discount rate is a market participant rate based on a peer grou</font><font style='font-family:Arial;font-size:10pt;' >p of publicly traded comparable companies and represents the weighted average cost of capital of comparable companies. The market multiples analysis utilizes multiples of business enterprise value to earnings before interest, taxes, depreciation and amorti</font><font style='font-family:Arial;font-size:10pt;' >zation (&#8220;EBITDA&#8221;) of comparable public companies in estimating fair value. The comparable transaction analysis identified comparable company acquisitions within the industry and calculates the implied EBITDA multiple from the transaction, which is then app</font><font style='font-family:Arial;font-size:10pt;' >lied to the last-twelve-months EBITDA of the subject company. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Significant assumptions used in estimating the fair value include discount and growth rates, </font><font style='font-family:Arial;font-size:10pt;' >valuation of NOLs, </font><font style='font-family:Arial;font-size:10pt;' >utility sector market performance and transactions, projected operating and capit</font><font style='font-family:Arial;font-size:10pt;' >al cash flows and the calculation of the terminal value. In addition to this quantitative analysis, management performed a qualitative assessment in Q4 2016 to ensure that there were no changes in facts or circumstances from the July 1, 2016 acquisition da</font><font style='font-family:Arial;font-size:10pt;' >te that would require additional fair value testing for the Tampa Electric, </font><font style='font-family:Arial;font-size:10pt;' >PGS</font><font style='font-family:Arial;font-size:10pt;' >, and New Mexico Gas reporting units. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The company determined the fair value of reporting units exceed their book value and related goodwill carrying amounts at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > an</font><font style='font-family:Arial;font-size:10pt;' >d </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2015</font><font style='font-family:Arial;font-size:10pt;' >, resulting in no impairment charge. Adverse changes in assumptions described above could result in a future material impairment of the goodwill</font><font style='font-family:Arial;font-size:10pt;' > assigned to </font><font style='font-family:Arial;font-size:10pt;' >Tampa Electric, </font><font style='font-family:Arial;font-size:10pt;' >PGS, New Mexico Gas, Emera Maine and GBPC. </font></p></div><span></span>
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<td><strong> Name:</strong></td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final.  May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16373-109275<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16265-109275<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=66006027&amp;loc=d3e16323-109275<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13816-109267<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35741047&amp;loc=d3e13854-109267<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858043680">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Short-Term Debt<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermBorrowingsAbstract', window );"><strong>Short-term Debt [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtTextBlock', window );">SHORT-TERM DEBT</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >24.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  SHORT-TERM DEBT</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s short-term borrowings consist of commercial paper issuances, advances on revolving </font><font style='font-family:Arial;font-size:10pt;' >and non-revolving </font><font style='font-family:Arial;font-size:10pt;' >credit facilities and short-term notes.  Short-term debt and the related weighted-average interest rate</font><font style='font-family:Arial;font-size:10pt;' >s</font><font style='font-family:Arial;font-size:10pt;' > as at December 31 consisted of the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:31.5pt;' ><td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Weighted-average </font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >interest rate</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted-average </font><font style='font-family:Arial;font-size:9pt;color:#000000;' >interest rate</font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >TECO Energy/TECO Finance </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Advances on revolving credit and term facilities</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  685</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1.74</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Tampa Electric Company</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Advances on accounts receivable and revolving credit facilities</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  228</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1.49</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NMGC</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Advances on revolving credit facilities</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  35</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1.71</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NSPI</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Bank indebtedness </font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.70</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  16</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2.70</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >GBPC</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Advances on revolving credit facilities</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  12</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >5.75</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:258.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:258.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Short-term debt</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  961</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  16</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:453.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:453.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:29.25pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The Company&#8217;s total short-term revolving and non-revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows: </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Maturity</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >TECO Energy/TECO Finance - term credit facility</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  537</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >TECO Energy/TECO Finance - revolving credit facility</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  403</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tampa Electric Company - revolving credit facility</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  436</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tampa Electric Company - accounts receivable revolving credit facility</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  201</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NMGC - revolving credit facility</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  168</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >GBPC - revolving credit facility</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  17</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  18</font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,762</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  18</font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less:</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Advances under revolving credit and term facilities</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  960</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Letters of credit issued inside credit facilities</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  3</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total advances under available facilities</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  963</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:296.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:296.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Available capacity under existing agreements</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  799</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  18</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The weighted average interest rate on outstanding short-term debt at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >was 1.73 per cent</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; 2.70 per cent</font><font style='font-family:Arial;font-size:10pt;' >).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Credit Facilities</font></p><p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >TECO Energy/TECO Finance Term Credit Facility</font></p><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO Energy has a </font><font style='font-family:Arial;font-size:10pt;' >$537 million (</font><font style='font-family:Arial;font-size:10pt;' >$</font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' >00 million USD</font><font style='font-family:Arial;font-size:10pt;' >)</font><font style='font-family:Arial;font-size:10pt;' > bank credit facility maturing </font><font style='font-family:Arial;font-size:10pt;' >March 14, 2017. Interest rates on the borrowings are based on LIBOR plus a margin. TECO Finance expects to refinance the credit facility before maturity.</font></p><p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >TECO Energy/TECO Finance Revolving Credit Facility</font></p><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO Energy has a </font><font style='font-family:Arial;font-size:10pt;' >$403 million (</font><font style='font-family:Arial;font-size:10pt;' >$300 million USD</font><font style='font-family:Arial;font-size:10pt;' >)</font><font style='font-family:Arial;font-size:10pt;' > bank credit facility maturing December&#160;17, 2018</font><font style='font-family:Arial;font-size:10pt;' >. Interest rates on the borrowings are based on LIBOR plus a margin.</font></p><p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >TEC Credit Facility</font></p><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TEC has a $436 million ($325 million USD) bank credit facility with a maturity date of D</font><font style='font-family:Arial;font-size:10pt;' >ecember&#160;17, 2018. Interest rates on the borrowings are based on LIBOR plus a margin. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >TEC Accounts Receivable Facility </font></p><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TEC has a $201 million ($150 million USD) accounts receivable collate</font><font style='font-family:Arial;font-size:10pt;' >ralized borrowing facility with a maturity date of March 23, 2018. Interest rates on the borrowings are based on prevailing asset-backed commercial paper rates. </font><font style='font-family:Arial;font-size:10pt;' >TEC</font><font style='font-family:Arial;font-size:10pt;' > has pledged as collateral a pool of receivables equal to the borrowings outstanding in the </font><font style='font-family:Arial;font-size:10pt;' >case of default. </font><font style='font-family:Arial;font-size:10pt;' >TEC</font><font style='font-family:Arial;font-size:10pt;' > continues to service, administer and collect the pledged receivables, which are classified as receivables on the balance sheet. </font></p><p style='text-align:left;margin-top:18pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >NMGC Credit Agreement </font></p><p style='text-align:left;margin-top:6pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NMGC has a $168 million ($125 million USD) bank credit facility with a maturity dat</font><font style='font-family:Arial;font-size:10pt;' >e of December 17, 2018. Interest rates on the borrowings are based on one-month LIBOR plus a margin. </font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for short-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03.16)<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03.13)<br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6951280352">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Other Current Liabilities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesDisclosureAbstract', window );"><strong>Other Current Liabilities [Abstract]</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesDisclosureTextBlock', window );">OTHER CURRENT LIABILITIES</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >25.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  OTHER CURR</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >ENT LIABILITIES</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:12pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Other current liabilities consisted of the following:</font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accrued charges</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  137</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  130</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accrued interest on long-term debt</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  96</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  44</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Sales and other taxes payable</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  16</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accrued interest on convertible debentures represented by instalment receipts (note 8)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emission credits obligations </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  10</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  22</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  281</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  207</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Throughout the three-year compliance period associated with the Regional Greenhouse Gas Initiative for carbon dioxide emissions, an obligation is recognized as gas is burned, measured at the cost to acquire credits for the related emissions. Emission credits are capitalized to inventory (note 14) when purchased and subsequently applied against the emission liabilities at the end of each compliance period.</font></td></tr></table></div><span></span>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856049312">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtAbstract', window );"><strong>Long-term Debt [Abstract]</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtTextBlock', window );">LONG-TERM DEBT</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >26.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  L</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >ONG-TERM DEBT</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s long-term debt includes the issuances detailed below.  </font><font style='font-family:Arial;font-size:10pt;' >Bonds, notes </font><font style='font-family:Arial;font-size:10pt;' >and debentures are </font><font style='font-family:Arial;font-size:10pt;' >at fixed interest rates and are unsecured unless noted below. </font><font style='font-family:Arial;font-size:10pt;' >I</font><font style='font-family:Arial;font-size:10pt;' >ncluded are certain bankers&#8217; acceptances and commercial paper </font><font style='font-family:Arial;font-size:10pt;' >where the Company has the intention and the unencumbered ability to refinance the obligations for a period greater than one year.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Long-term debt as at December 31</font><font style='font-family:Arial;font-size:10pt;' >, including the debt assumed on the acquisition of TECO Energy,</font><font style='font-family:Arial;font-size:10pt;' > consisted of the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:31.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted Average Interest Rate 2016 </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted Average Interest Rate 2015 </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Maturity</font></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:67.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Emera  </font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Bankers acceptances, LIBOR loans </font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  30</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  240</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unsecured fixed rate notes</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.50%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.85%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019-2023</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  725</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  475</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed to floating subordinated notes (USD) </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >6.75%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2076</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,611</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,366</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  715</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Emera US Finance LP </font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unsecured senior notes (USD) </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.60%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019 - 2046</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4,364</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4,364</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >TECO Finance </font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(3)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable rate notes (USD)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  336</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed rate notes and bonds (USD)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.86%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017 - 2020</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  805</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,141</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Tampa Electric </font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(4)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed rate notes and bonds (USD)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.90%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018 - 2045</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,579</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,579</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >PGS</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed rate notes and bonds (USD)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.06%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018 - 2045</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  351</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  351</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NMGC</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed rate notes and bonds (USD)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.53%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021 - 2026</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  363</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  363</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NMGI</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed rate notes and bonds (USD)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.41%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019 - 2024</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  269</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  269</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >NSPI</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Commercial paper </font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  264</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  369</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Medium term fixed rate notes</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.73%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.73%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019 - 2097</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,965</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,965</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fixed rate debenture</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >9.75%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >9.75%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  95</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  95</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Capital lease obligations</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.80%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.58%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  2,324</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,430</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Emera Maine </font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >LIBOR loans and demand loans </font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  32</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  32</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Secured fixed rate mortgage bonds (USD)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >9.74%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >9.74%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020-2022</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  67</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  69</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unsecured senior fixed rate notes (USD)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.28%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >4.31%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017-2044</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  281</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  296</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  380</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  397</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >EBP</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Senior secured credit facility</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.08%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.08%</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  248</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  249</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  248</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  249</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >GBPC </font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unsecured amortizing fixed rate notes (USD)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.62%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3.62%</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021-2022</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  63</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  77</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Unsecured senior notes (USD)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >7.07%</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >7.07%</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020-2023</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  67</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  68</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  130</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  145</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >BLPC  &amp; ECI</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Secured fixed rate senior notes </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.65%</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5.64%</font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020 - 2028</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  81</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  89</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Secured senior notes (USD) </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Variable</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  201</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  282</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  89</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Adjustments</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fair market value adjustment - TECO Energy acquisition </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(7)</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  58</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Debt issuance costs</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (111)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (16)</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Amount due within one year </font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (476)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (274)</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (529)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (290)</font></td></tr><tr style='height:10.5pt;' ><td style='width:180pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:180pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Long-Term Debt</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:55.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14,268</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3,735</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Weighted average interest rate of fixed rate long-term debt.</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) See below for details on the long-term debt related to the acquisition of TECO Energy.</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) TECO Energy is a full and unconditional guarantor of TECO Finance&#8217;s securities, and no subsidiaries of TECO Energy guarantee TECO Finance&#8217;s securities.</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4) A substantial part of Tampa Electric&#8217;s tangible assets are pledged as collateral to secure its first mortgage bonds. There are currently no bonds outstanding under Tampa Electric&#8217;s first mortgage bond indenture.</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5) Notes are issued and payable in either USD, BBD or East Caribbean Dollar (XCD).</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6) See below for details on the long-term debt issued by ECI in November, 2016.</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:483pt;text-align:left;vertical-align:top;border-color:Black;min-width:483pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(7) On acquisition of TECO Energy, Emera recorded a fair market value adjustment on the unregulated long-term debt acquired. The fair market value adjustment is amortized over the remaining term of the debt.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:21pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The Company&#8217;s total long-term revolving credit facilities, outstanding borrowings and available capacity as at December 31 were as follows:</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:116.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:116.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Maturity</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emera &#8211; revolving credit facility </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >June 2020</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  700</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  700</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NSPI - revolving credit facility </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >October 2020</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  600</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  500</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emera Maine &#8211; revolving credit facility</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >September 2019</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  107</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  111</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >BLPC &#8211; revolving credit facility</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017-2021</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  26</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  26</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,433</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,337</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less:</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Borrowings under credit facilities</font></td><td style='width:116.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  326</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  641</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Letters of credit issued inside credit facilities</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  37</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  33</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Use of available facilities</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  363</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  674</font></td></tr><tr style='height:10.5pt;' ><td style='width:232.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:232.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Available capacity under existing agreements</font></td><td style='width:116.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:116.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1,070</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  663</font></td></tr><tr style='height:10.5pt;' ><td colspan='6' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Advances on the revolving credit facility can be made by way of overdraft on accounts up to $50 million.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Debt Covenants</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera and its subsidiaries have debt covenants associated with their credit facilities.  Covenants are tested regularly and the Company is in complianc</font><font style='font-family:Arial;font-size:10pt;' >e with covenant requirements.  Emera&#8217;s significa</font><font style='font-family:Arial;font-size:10pt;' >nt covenants are listed below:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:123pt;text-align:right;vertical-align:top;border-color:Black;min-width:123pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:87pt;text-align:right;vertical-align:top;border-color:Black;min-width:87pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:165pt;text-align:right;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93pt;text-align:right;vertical-align:bottom;background-color:#FFFFFF;border-color:Black;min-width:93pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >As at</font></td></tr><tr style='height:10.5pt;' ><td style='width:123pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Financial Covenant</font></td><td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Requirement</font></td><td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td></tr><tr style='height:10.5pt;' ><td style='width:123pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Emera</font></td><td style='width:87pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:165pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:93pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:123pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:123pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Syndicated credit facilities</font></td><td style='width:87pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:87pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Debt to capital ratio</font></td><td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Less than or equal to 0.70 to 1</font></td><td style='width:93pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;background-color:#FFFFFF;border-color:Black;min-width:93pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.62:1</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Recent Financing Activity</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 13, 2016, Emera&#39;s Series H $250 million 2.96% med</font><font style='font-family:Arial;font-size:10pt;' >ium-term notes matured and were </font><font style='font-family:Arial;font-size:10pt;' >repaid.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera &#8211; TECO Energy Acquisition Related Capital Market Transactions</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >U.S. Notes</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 16, 2016, Emera US Finance LP, a limited partnership financing subsidiary, wholly owned directly and indirectly by Emera, completed the issuance of $3.25 billion USD senior unsecured notes (&#8220;U.S. Notes&#8221;) by way of private placement.  </font><font style='font-family:Arial;font-size:10pt;' >The U.S. Notes were sold only to &#8220;qualified institutional buyers&#8221; under Rule 144A of the United States Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;) and to non-U.S. persons under Regulation S of the Securities Act and were not offered for sale </font><font style='font-family:Arial;font-size:10pt;' >in Canada.  The U.S. Notes are guaranteed by Emera and Emera US Holdings Inc., a wholly owned Emera subsidiary.   The U.S. Notes bear interest semi-annually, in arrears, on June 15 and December 15 of each year, commencing on December 15, 2016.  The U.S. No</font><font style='font-family:Arial;font-size:10pt;' >tes will not be listed on a securities exchange. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The U.S. Notes issued are as follows:</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >$500 million USD three year, 2.15 per cent Notes due 2019</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >$750 million USD five year 2.70 per cent Notes due 2021</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >$750 million USD ten year 3.55 per cent Notes due 20</font><font style='font-family:Arial;font-size:10pt;' >26</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >$1.25 billion USD thirty year 4.75 per cent Notes due 2046</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In connection with the initial issuance of the U.S. Notes, Emera US Finance LP entered into a registration rights agreement with the initial purchasers of the U.S. Notes in which it undertook t</font><font style='font-family:Arial;font-size:10pt;' >o offer to exchange the U.S. Notes for new notes, in an equal principal amount and under the same terms, registered under the Securities Act.  On December 15, 2016, a registration statement on Form F-10/Form S-4 was declared effective by the United States </font><font style='font-family:Arial;font-size:10pt;' >Securities and Exchange Commission (the &#8220;SEC&#8221;). On January 17, 2017 the new notes were issued.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Hybrid Notes</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 16, 2016, Emera completed the issuance of $1.2 billion USD unsecured, fixed-to-floating subordinated notes (&#8220;Hybrid Notes&#8221;).  </font><font style='font-family:Arial;font-size:10pt;' >The Hybrid </font><font style='font-family:Arial;font-size:10pt;' >Notes were issued pursuant to a prospectus filed with the Nova Scotia Securities Commission (the &#8220;NSSC&#8221;) and a corresponding registration statement filed with the SEC under the United States / Canada Multijurisdictional Disclosure System.  </font><font style='font-family:Arial;font-size:10pt;' >The Hybrid Notes</font><font style='font-family:Arial;font-size:10pt;' > will mature on June 15, 2076.&#160; Emera will pay interest on the Hybrid Notes at a fixed rate of 6.75 per cent per year in equal semi-annual instalments on June 15 and December 15 of each year until June 15, 2026. Beginning on June 15, 2026, and on every qua</font><font style='font-family:Arial;font-size:10pt;' >rter thereafter that the Hybrid Notes are outstanding until their maturity on June 15, 2076 (the &#8220;Interest Reset Date&#8221;), the interest rate on the Hybrid Notes will be reset. The Hybrid Notes are not currently listed and Emera does not intend to list them o</font><font style='font-family:Arial;font-size:10pt;' >n any securities exchange or include them on any automated quotation system.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Beginning on June 15, 2026, and on every Interest Reset Date until June 15, 2046, the Hybrid Notes will be reset at an interest rate of the three month LIBOR plus 5.44 per cent</font><font style='font-family:Arial;font-size:10pt;' >, payable in arrears.  Beginning on June 15, 2046, and on every Interest Reset Date until June 15, 2076, the Hybrid Notes will be reset at an interest rate of the three-month LIBOR plus 6.19 per cent, payable in arrears. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera may elect, at its sole opti</font><font style='font-family:Arial;font-size:10pt;' >on, to defer the interest payable on the Hybrid Notes on one or more occasions for up to five consecutive years.  Deferred interest will accrue, compounding on each subsequent interest payment date, until paid.  Additionally, on or after June 15, 2026, Eme</font><font style='font-family:Arial;font-size:10pt;' >ra may, at its option, redeem the Hybrid Notes, at a redemption price equal to 100 per cent of the principal amount, together with accrued and unpaid interest.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Canadian Notes</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 16, 2016, Emera completed the issuance of $500 </font><font style='font-family:Arial;font-size:10pt;' >million senior unsecured notes (&#8220;Canadian Notes&#8221;).  The Canadian Notes were issued with a seven-year term to maturity and bear interest at a rate of 2.90 per cent.&#160; The notes will bear interest semi-annually in arrears on June 16 and December 16 of </font><font style='font-family:Arial;font-size:10pt;' >each ye</font><font style='font-family:Arial;font-size:10pt;' >ar, commencing on December 16, 2016.  The Canadian Notes will not be listed on a securities exchange.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The proceeds of the U.S. Notes, Hybrid Notes and Canadian Notes offerings were used to partially finance the purchase price for the Acquisition. &#160;Proceed</font><font style='font-family:Arial;font-size:10pt;' >s of the offerings, not otherwise required to complete the Acquisition, have been used for general corporate purposes.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >NSPI</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On April 28, 2016, NSPI increased its committed syndicated revolving bank line of credit to $600 million from $500 million.  The i</font><font style='font-family:Arial;font-size:10pt;' >ncrease will support ongoing business requirements and general corporate purposes.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On May 27, 2016, NSPI increased its commercial paper program to $500 million from $400 million, of which the full amount outstanding is backed by NSPI&#8217;s operating credit fa</font><font style='font-family:Arial;font-size:10pt;' >cility referred to above. </font><font style='font-family:Arial;font-size:10pt;' >The amount of commercial paper issued</font><font style='font-family:Arial;font-size:10pt;' > results in an equal amount of its operating credit facility being considered drawn and unavailable.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >ECI</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On November 29, 2016, ECI</font><font style='font-family:Arial;font-size:10pt;' > completed a senior, secured floating rate, non-revolving term loan of $150 million USD.  The loan is for a five year term and matures on November 29, 2021.  Interest is due semi-annually and is b</font><font style='font-family:Arial;font-size:10pt;' >ased on 6 month LIBOR plus 4.08 per cent weighted average</font><font style='font-family:Arial;font-size:10pt;' >. </font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >TECO Finance</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On April 10, 2015, TECO Finance completed an offering of $250 million USD aggregate principal amount of floating rate notes due 2018 (&#8220;the 2018 Notes&#8221;), which are guaranteed by TECO Energy. The 2018 Notes were sold at par and mature on April</font><font style='font-family:Arial;font-size:10pt;' > 10, 2018. The 2018 Notes bear interest at a floating rate that is reset quarterly based on the three-month LIBOR plus 60 basis points. The 2018 Notes are not subject to redemption prior to maturity. The 2018 Notes are effectively subordinated to existing </font><font style='font-family:Arial;font-size:10pt;' >and future liabilities of TECO Energy&#8217;s subsidiaries to their respective creditors, and also are effectively subordinated to any secured debt that TECO Finance and TECO Energy incur to the extent of the value of the assets securing that indebtedness</font><font style='font-family:Arial;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Tampa Electric</font></p><p style='text-align:left;margin-top:9pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On May 20, 2015, TEC completed an offering of</font><font style='font-family:Arial;font-size:10pt;' > $250 million USD aggregate principal amount of 4.20</font><font style='font-family:Arial;font-size:10pt;' > per cent n</font><font style='font-family:Arial;font-size:10pt;' >otes due May 15, 2045</font><font style='font-family:Arial;font-size:10pt;' >.</font><font style='font-family:Arial;font-size:10pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Long</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >-Term Debt Maturities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at December 31, long-term debt maturities, including capital lease obligations, for each of the next five years and in aggregate thereafter are as follows:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:31.5pt;' ><td colspan='2' rowspan='1' style='width:127.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:127.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Thereafter</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emera</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  225</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  30</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,111</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,366</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emera US Finance LP</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  671</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,007</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,686</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4,364</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >TECO Energy</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  409</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  67</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  643</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,443</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3,562</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >TECO Finance</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  403</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  335</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  403</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,141</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NSPI</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  95</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  264</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,965</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,324</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Emera Maine</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  33</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  32</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  40</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  269</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  380</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >EBP</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  248</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  248</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >GBPC</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  40</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  11</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  44</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  130</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >BLPC and ECI</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  29</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  30</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  58</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  26</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  110</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  282</font></td></tr><tr style='height:10.5pt;' ><td style='width:112.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  476</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  791</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,380</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  835</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,687</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9,628</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14,797</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for long-term debt.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856105616">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Asset Retirement Obligation<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationDisclosureAbstract', window );"><strong>Asset Retirement Obligation [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationDisclosureTextBlock', window );">ASSET RETIREMENT OBLIGATION</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >27.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >ASSET RETIREMENT OBLIGATIONS</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >AROs mostly relate to the reclamation of land at the thermal, hydro and combustion turbine sites; and the disposal of polychlorinated biphenyls in transmission and distribution equipment and a pipeline site.  Certain</font><font style='font-family:Arial;font-size:10pt;' > hydro, transmission and distribution assets may have additional ARO that cannot be measured as these assets are expected to be used for an indefinite period and, as a result, a reasonable estimate of the fair value of any related ARO cannot be made.  </font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >The change in ARO for the years ended December 31 is as follows:</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:18.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='2' rowspan='1' style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, January 1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  109</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  106</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Additions </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  48</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Additions due to acquisition</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  9</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Liabilities settled</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accretion included in depreciation expense</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  7</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Accretion deferred to regulatory asset (included in property, plant and equipment)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (8)</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  5</font></td></tr><tr style='height:10.5pt;' ><td style='width:341.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:341.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Balance, December 31</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  170</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  109</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Tampa Electric produces ash and other by-products known as coal combustion residuals (&quot;CCRs&quot;) at its Big Bend and Polk power stations. The 2016 additions to ARO are to achieve compliance with the EPA&#39;s CCR rule, which contains design and operating standards for CCR management units. In 2016, the FPSC approved Tampa Electric&#39;s proposed CCR compliance program for cost recovery through the Environmental Cost Recovery Clause. However, additional petitions will be submitted for recovery of future project expenses based on engineering studies currently being performed.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' >, some of the Company&#8217;s transmission and distribution assets may have additional conditional ARO which are not recognized in the financial statements as the fair value of these obligations could not be reasonably estimated,</font><font style='font-family:Arial;font-size:10pt;' > given there is insufficient information to do so.  Management will continue to monitor these obligations and a liability will be recognized in the period in which an amount becomes determinable.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 410<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 410<br> -SubTopic 20<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7569-110849<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6860309024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments and Contingencies<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock', window );">COMMITMENTS AND CONTINGENCIES</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >28.  COMMITMENTS AND CONTINGENCIES </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:11pt;font-weight:bold;margin-left:0pt;' >A.   </font><font style='font-family:Arial;font-size:11pt;font-weight:bold;' >Commitments</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, contractual commitments (excluding pensions and other post-retirement obligations, convertible debentures, long-term debt and AROs) for each of the next five years and in aggregate</font><font style='font-family:Arial;font-size:10pt;' > thereafter consisted of the following:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:165pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2017</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2018</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2019</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2020</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2021</font></td><td colspan='2' rowspan='1' style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Thereafter</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Purchased power </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  253</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  224</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  206</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  202</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  198</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  2,272</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3,355</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Fuel and gas supply</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  475</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  161</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  109</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  28</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  22</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  795</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Demand Side Management</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  48</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  13</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  103</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Transportation </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  496</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  392</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  310</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  280</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  196</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,622</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3,296</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Long-term service agreements </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  92</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  55</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  67</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  44</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  42</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  227</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  527</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Capital projects</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  133</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  133</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Equity investment commitments </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  236</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  200</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  436</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Leases and other </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  66</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  17</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  12</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  70</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  187</font></td></tr><tr style='height:10.5pt;' ><td style='width:165pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:165pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:40.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:40.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,793</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  897</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  719</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  766</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  466</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  4,191</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  8,832</font></td></tr><tr style='height:10.5pt;' ><td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >&#160;&#160;&#160; </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >Annual requirement to purchase electricity production from independent power producers or other utilities over varying contract lengths.</font></td></tr><tr style='height:10.5pt;' ><td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font><font style='font-family:Times New Roman;font-size:7pt;color:#000000;' >&#160; &#160; </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >Purchasing commitments for transportation of fuel and transportation capacity on various pipelines.</font></td></tr><tr style='height:10.5pt;' ><td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) &#160; Maintenance of certain generating equipment, services related to a generation facility and wind operating agreements, outsourced management of computer and communication infrastructure and vegetation management.</font></td></tr><tr style='height:10.5pt;' ><td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4)  &#160;Emera has a commitment in connection with the Federal Loan Guarantee (&quot;FLG&quot;) to complete construction of the Maritime Link.  Thirty per cent of the financing of this project will come from Emera as equity.  Emera also has a commitment to make equity contributions to the Labrador Island Link Limited Partnership upon draw requests from the general partner.  The amounts forecasted are a combination of equity investments for both projects and are subject to change in both timing and amounts as the projects advance through construction.</font></td></tr><tr style='height:10.5pt;' ><td colspan='15' rowspan='1' style='width:479.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:479.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5)  &#160;Operating lease agreements for office space, land, plant fixtures and equipment, telecommunications services, rail cars and vehicles.</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In connection with the acquisition of TECO Energy, Emera made certain commitments approved by the NMPRC.  See note 4 for additional information.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Beginning in 2018, NSPI has a contractual obligation to pay NSPML for use of the Maritime Link over 35 </font><font style='font-family:Arial;font-size:10pt;' >years. The timing and amount of future payments could change based on UARB approval and final costing of the Maritime Link after construction is complete.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >B.   Legal Proceedings</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Between September 16, 2015 and November 2, 2015, purported shareholders of TECO Energy filed 12 separate complaints styled as class action lawsuits in the Circuit Court for the 13th Judicial Circuit, in and for Hillsborough </font><font style='font-family:Arial;font-size:10pt;' >County, Florida or the United States District Court for the Middle District of Florida (the &#8220;Merger Litigation&#8221;).&#160; Each complaint alleges, among other things, that the Board of Directors of TECO Energy breached its fiduciary duties in agreeing to the acqui</font><font style='font-family:Arial;font-size:10pt;' >sition agreement and that Emera and/or Emera US Inc. aided and abetted such alleged breaches. The complaints sought to enjoin the merger pursuant to the acquisition agreement.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On November 17, 2015, TECO Energy, Emera, Emera US Inc. and the Board of Direct</font><font style='font-family:Arial;font-size:10pt;' >ors of TECO Energy entered into a memorandum of understanding with the shareholder plaintiffs to settle all of the Merger Litigation, subject to negotiation of a stipulation of settlement with the plaintiffs and to court approval.&#160; The memorandum of unders</font><font style='font-family:Arial;font-size:10pt;' >tanding provides for all claims against the defendants to be released in exchange for TECO Energy making certain additional disclosures to its shareholders related to the proposed merger, which have now been made.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 16, 2016, the judge entered a</font><font style='font-family:Arial;font-size:10pt;' >n order and final judgement approving a stipulation of settlement negotiated by the parties, thereby concluding this matter.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera Florida and New Mexico  </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >TECO Coal</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO Coal was sold by TECO Energy on September 21, 2015 to Cambrian Coal Corporation (&#8220;</font><font style='font-family:Arial;font-size:10pt;' >Cambrian&#8221;), prior to Emera&#8217;s acquisition. On March 18, 2016, Cambrian delivered a notice of a purported claim to TECO Diversified.  The claim asserted breach of certain representations, and fraud and willful misconduct in connection therewith, of the Secur</font><font style='font-family:Arial;font-size:10pt;' >ities Purchase Agreement dated September 21, 2015 by and between TECO Diversified and Cambrian related to the purchase of TECO Coal by Cambrian.  While the outcome of such matter is uncertain, management does not believe that its ultimate resolution will h</font><font style='font-family:Arial;font-size:10pt;' >ave a material adverse effect on the Company&#8217;s results of operations, financial condition or cash flows.  </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >TECO Guatemala Holdings (&#8220;TGH&#8221;)</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December&#160;19, 2013, the International Centre for the Settlement of Investment Disputes (&#8220;ICSID&#8221;) Tribunal hearing</font><font style='font-family:Arial;font-size:10pt;' > the arbitration claim of TGH, a wholly owned subsidiary of TECO Energy, against the Republic of Guatemala (Guatemala) under the Dominican Republic Central America &#8211; United States Fee Trade Agreement, issued an award in the case (&#8220;the Award&#8221;). The ICSID Tr</font><font style='font-family:Arial;font-size:10pt;' >ibunal unanimously found in favor of TGH and awarded damages to TGH of approximately $</font><font style='font-family:Arial;font-size:10pt;' >21</font><font style='font-family:Arial;font-size:10pt;' > million USD, plus interest from October&#160;21, 2010 at a rate equal to the U.S. prime rate plus </font><font style='font-family:Arial;font-size:10pt;' >2</font><font style='font-family:Arial;font-size:10pt;' > per cent. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On April&#160;18, 2014, Guatemala filed an application for annulm</font><font style='font-family:Arial;font-size:10pt;' >ent of the entire Award (or, alternatively, certain parts of the Award) pursuant to applicable ICSID rules. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On April&#160;18, 2014, TGH separately filed an application for partial annulment of the Award on the basis of certain defici</font><font style='font-family:Arial;font-size:10pt;' >encies in the ICSID Tribunal&#8217;s determination of the amount of TGH&#8217;s damages. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On April 5, 2016, an ICSID ad hoc Committee issued a decision in favor of TGH in the annulment proceedings. In its decision, the ad hoc Committee unanimously dismissed Guatemala</font><font style='font-family:Arial;font-size:10pt;' >&#8217;s application for annulment of the award and upheld the original $21 million USD award, plus interest. In addition, the ad hoc Committee granted TGH&#8217;s application for partial annulment of the award, and ordered Guatemala to pay certain costs relating to t</font><font style='font-family:Arial;font-size:10pt;' >he annulment proceedings. As a result, TGH had the right to resubmit its </font><font style='font-family:Arial;font-size:10pt;' >arbitration claim against Guatemala to seek additional damages (in addition to the previously awarded $21 million USD), as well as additional interest on the $21 million USD, and its </font><font style='font-family:Arial;font-size:10pt;' >full costs relating to the original arbitration and the new arbitration proceeding. </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On September 23, 2016, TGH filed a request for resubmission to arbitration. On October 3, 2016, ICSID issued a notice of registration for TGH&#8217;s request for resubmission. </font><font style='font-family:Arial;font-size:10pt;' > TGH and Guatemala have each selected an arbitrator and ICSID has recently selected a President for the new tribunal.  Results to date do not reflect any benefit.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Superfund and Former Manufactured Gas Plant Sites</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TEC, through its Tampa Electric and Peopl</font><font style='font-family:Arial;font-size:10pt;' >es Gas divisions, is a potentially responsible party (&#8220;PRP&#8221;) for certain superfund sites and, through its Peoples Gas division, for certain former manufactured gas plant sites. While the joint and several liability associated with these sites presents the </font><font style='font-family:Arial;font-size:10pt;' >potential for significant response costs, as at December 31, 2016, TEC has estimated its ultimate financial liability to be $</font><font style='font-family:Arial;font-size:10pt;' >43</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >32</font><font style='font-family:Arial;font-size:10pt;' > million USD), primarily at PGS. This amount has been accrued and is primarily reflected in the long-term liability </font><font style='font-family:Arial;font-size:10pt;' >section under &#8220;Other long-term liabilities&#8221; on the Consolidated Balance Sheets. The environmental remediation costs associated with these sites are expected to be paid over many years.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The estimated amounts represent only the portion of the cleanup costs </font><font style='font-family:Arial;font-size:10pt;' >attributable to TEC. The estimates to perform the work are based on TEC&#8217;s experience with similar work, adjusted for site-specific conditions and agreements with the respective governmental agencies. The estimates are made in current dollars, are not disco</font><font style='font-family:Arial;font-size:10pt;' >unted and do not assume any insurance recoveries.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In instances where other PRPs are involved, most of those PRPs are creditworthy and are likely to continue to be creditworthy for the duration of the remediation work. However, in those instances that they</font><font style='font-family:Arial;font-size:10pt;' > are not, TEC could be liable for more than TEC&#8217;s actual percentage of the remediation costs.  Factors that could impact these estimates include the ability of other PRPs to pay their pro-rata portion of the cleanup costs, additional testing and investigat</font><font style='font-family:Arial;font-size:10pt;' >ion which could expand the scope of the cleanup activities, additional liability that might arise from the cleanup activities themselves or changes in laws or regulations that could require additional remediation. Under current regulations, these costs are</font><font style='font-family:Arial;font-size:10pt;' > recoverable through customer rates established in subsequent base rate proceedings.</font><font style='font-family:Arial;font-size:10pt;' >  The FPSC has approved, as part of the PGS depreciation settlement as discussed in note 17, an agreement to accelerate the amortization of the regulated asset associated w</font><font style='font-family:Arial;font-size:10pt;' >ith this reserve.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera Maine</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On September 30, 2011, a group including the Attorney General of Massachusetts, New England utilities commissions, state public advocates and end users filed a complaint with the FERC alleging that the </font><font style='font-family:Arial;font-size:10pt;' >11.14</font><font style='font-family:Arial;font-size:10pt;' > per cent base RO</font><font style='font-family:Arial;font-size:10pt;' >E under the ISO-New England (&#8220;ISO-NE&#8221;) Open Access Transmission Tariff (&#8220;OATT&#8221;) was unjust and unreasonable.&#160; </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 19, 2014, the FERC issued an order in connection with this complaint that changed the methodology used to set the ROE and resulted in a </font><font style='font-family:Arial;font-size:10pt;' >lower base transmission ROE of </font><font style='font-family:Arial;font-size:10pt;' >10.57</font><font style='font-family:Arial;font-size:10pt;' > per cent and a lower total ROE (inclusive of incentive adders) of </font><font style='font-family:Arial;font-size:10pt;' >11.74 </font><font style='font-family:Arial;font-size:10pt;' >per cent for the period of October 1, 2011 to December 31, 2012.&#160; The ROE was confirmed by FERC in two subsequent orders and has now been appealed </font><font style='font-family:Arial;font-size:10pt;' >to the U.S. Court of Appeals for the DC Circuit.  The Court has decided to hold the appeal of this case in abeyance pending the outcome of the ENE Case and MA AG II Case discussed below.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 30, 2016, Emera Maine completed the processing of refunds to</font><font style='font-family:Arial;font-size:10pt;' > customers to reflect the </font><font style='font-family:Arial;font-size:10pt;' >10.57</font><font style='font-family:Arial;font-size:10pt;' > per cent ROE.  </font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 27, 2012, a second group of consumer advocates, including Environment Northeast, filed a complaint with the FERC on similar grounds, arguing that the 11.14 per cent base ROE under the OATT was un</font><font style='font-family:Arial;font-size:10pt;' >just and unreasonable (&#8220;the ENE Case&#8221;).&#160; This complaint applies to the period from January 1, 2013 to March 31, 2014.  On July 31, 2014, a group of state commissions, state public advocates and </font><font style='font-family:Arial;font-size:10pt;' >end users filed a third complaint with the FERC on similar gro</font><font style='font-family:Arial;font-size:10pt;' >unds (&#8220;the MA AG II Case&#8221;) in relation to the period from July 31, 2014 to October 31, 2015. The ENE Case and MA AG II Case were subsequently consolidated by FERC into a single case.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On March 22, 2016, a FERC Administrative Law Judge (&#8220;ALJ&#8221;) issued a reco</font><font style='font-family:Arial;font-size:10pt;' >mmended decision to FERC with respect to the consolidated cases.&#160; The recommendation for the ENE Case was a </font><font style='font-family:Arial;font-size:10pt;' >9.59 </font><font style='font-family:Arial;font-size:10pt;' >per cent base</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >ROE, with a </font><font style='font-family:Arial;font-size:10pt;' >10.42 </font><font style='font-family:Arial;font-size:10pt;' >per cent maximum ROE, and the recommendation for the MA AG II Case was a </font><font style='font-family:Arial;font-size:10pt;' >10.90 </font><font style='font-family:Arial;font-size:10pt;' >per cent base ROE, with a </font><font style='font-family:Arial;font-size:10pt;' >12.19 </font><font style='font-family:Arial;font-size:10pt;' >per cent maximum ROE. The ALJ&#8217;s recommended decision is not definitive and FERC has the ability to adjust the ALJ&#8217;s recommended decision.  A decision by FERC is not expected until early 2017.</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On April 29, 2016, an additional complaint was filed with FERC </font><font style='font-family:Arial;font-size:10pt;' >challenging the ROE under the ISO-NE transmission tariff.&#160; The complaint was filed by the Eastern Massachusetts Consumer-Owned Systems (&#8220;EMCOS&#8221;), a collection of thirteen municipal light departments, seeking to reduce the base ROE to </font><font style='font-family:Arial;font-size:10pt;' >8.61 </font><font style='font-family:Arial;font-size:10pt;' >per cent and the </font><font style='font-family:Arial;font-size:10pt;' >maximum ROE to </font><font style='font-family:Arial;font-size:10pt;' >11.24</font><font style='font-family:Arial;font-size:10pt;' > per cent for the period April 29, 2016 to July 29, 2017.&#160;</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >&#160;</font></p><p style='text-align:justify;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera Maine has recorded a reserve of $</font><font style='font-family:Arial;font-size:10pt;' >5</font><font style='font-family:Arial;font-size:10pt;' > million pre-tax ($</font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' > million USD) (December 31, 2015 - $</font><font style='font-family:Arial;font-size:10pt;' >7</font><font style='font-family:Arial;font-size:10pt;' > million or $</font><font style='font-family:Arial;font-size:10pt;' >5</font><font style='font-family:Arial;font-size:10pt;' > million USD) for the ENE Case and MA AG II Case. The reserves r</font><font style='font-family:Arial;font-size:10pt;' >ecorded for these complaints have been recorded as &#8220;Regulatory Liabilities&#8221; on the Consolidated Balance Sheets and as a reduction to &#8220;Operating revenues &#8211; regulated electric&#8221; on the Consolidated Statements of Income.  The reserve was calculated on a 10.57 </font><font style='font-family:Arial;font-size:10pt;' >per cent base and represents Emera Maine&#8217;s best estimate of the probable outcome. &#160;No update has been made to the reserve as a result of the ALJ recommendation as it is pending approval by the FERC and is considered uncertain until that time.  No reserve h</font><font style='font-family:Arial;font-size:10pt;' >as been made as a result of the EMCOS complaint, as the outcome is considered uncertain. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Other Legal Proceedings</font></p><p style='text-align:justify;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera and its subsidiaries may, from time to time, be involved in other legal proceedings, claims and litigation that arise in the ordinary </font><font style='font-family:Arial;font-size:10pt;' >course of business which the Company believes would not reasonably be expected to have a material adverse effect on the financial condition of the Company. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:18pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >C.  Environment</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s activities are subject to a broad range of federal, provincial, state, </font><font style='font-family:Arial;font-size:10pt;' >regional and local laws and environmental regulations, designed to protect, restore and enhance the quality of the environment including air, water and solid waste.  Emera estimates its environmental capital expenditures, excluding AFUDC, based upon presen</font><font style='font-family:Arial;font-size:10pt;' >t environmental laws and regulations.  Amounts that have been committed to are included in &#8220;Capital projects&#8221; in the commitments table in note 28A.  The estimated expenditures do not include costs related to possible changes in the environmental laws o</font><font style='font-family:Arial;font-size:10pt;' >r regulations and enforcement policies that may be enacted in response to issues such as climate change and other pollutant emissions.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera Florida and New Mexico</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Tampa Electric operates fossil fuel burning power plants</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >with air emissions regulated by </font><font style='font-family:Arial;font-size:10pt;' >the Clean Air Act and material Clean Water Act implications and impacts by federal and state legislative initiatives.  Tampa Electric has achieved the emission-reduction levels called for in Phase I and Phase II of Clean Air Interstate Rule (&#8220;CAIR&#8221;) and th</font><font style='font-family:Arial;font-size:10pt;' >ese expenses were rate recoverable under the Florida environmental cost recovery clause (&#8220;ECRC&#8221;) as approved by the FPSC.  Similarly, future expenses should be eligible for recovery upon petition by Tampa Electric and approval by the FPSC.  On July 7, 2011</font><font style='font-family:Arial;font-size:10pt;' >, EPA released its final CAIR-replacement rule, called Cross-State Air Pollution Rule (&#8220;CSAPR&#8221;).  An update to CSAPR was finalized on October 26, 2016 and will be implemented in 2017.  Based on updated EPA modeling and favorable consideration of atmospheri</font><font style='font-family:Arial;font-size:10pt;' >c dynamics, Florida is no longer subject to CSAPR requirements.  However, Florida (including Tampa Electric power plants) could be subject to a future version of CSAPR </font><font style='font-family:Arial;font-size:10pt;' >as a result of an expected update triggered by compliance with the more stringent 2015 o</font><font style='font-family:Arial;font-size:10pt;' >zone standard or ongoing litigation related to current rule applicability.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >NSPI</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI&#8217;s activities are subject to a broad range of federal, provincial, regional and local laws and environmental regulations, designed to protect, restore and enhance the qua</font><font style='font-family:Arial;font-size:10pt;' >lity of the environment including air, water and solid waste. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In November 2014, the Government of Canada and the Province of Nova Scotia entered into a Greenhouse gas (&#8220;GHG&#8221;) emission regulatio</font><font style='font-family:Arial;font-size:10pt;' >ns equivalency agreement, which allows NSPI to achieve compliance with federal GHG emissions regulations by meeting provincial legislative and regulatory requirements as they are deemed to be equivalent. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In March 2016, Canada&#8217;s First Ministers issued the</font><font style='font-family:Arial;font-size:10pt;' > &#8220;Vancouver Declaration&#8221; on clean growth and climate change. First Ministers agreed to develop a Pan-Canadian Framework and implement it by early 2017. Four working groups, comprised of federal, provincial and territorial officials were established to prov</font><font style='font-family:Arial;font-size:10pt;' >ide recommendations and research to the Federal government.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI provided input into this process through the Nova Scotia government, the Government of Canada and directly to the working groups through the submission of a discussion paper.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In October 2</font><font style='font-family:Arial;font-size:10pt;' >016, the Government of Canada announced that the pan-Canadian framework would include a national price on carbon component, implemented by 2018 through either a carbon tax or a cap and trade system, applicable in each province except those which enact thei</font><font style='font-family:Arial;font-size:10pt;' >r own comparable carbon pricing mechanism by that time. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On November 21, 2016, the Government of Canada announced a second component of the plan would include an accelerated plan to phase out coal in Canada, to transition Canada&#39;s electricity system towar</font><font style='font-family:Arial;font-size:10pt;' >ds </font><font style='font-family:Arial;font-size:10pt;' >90</font><font style='font-family:Arial;font-size:10pt;' > per cent non-emitting generation sources by 2030.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On the same day, the Province of Nova Scotia and the Government of Canada made two announcements regarding Nova Scotia&#8217;s participation in the Pan-Canadian plan:</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Carbon pricing component </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >An agreemen</font><font style='font-family:Arial;font-size:10pt;' >t in principle covering the carbon component had been reached and will be governed on the following principles: </font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Nova Scotia will adopt a province-wide 2030 emissions reduction target equal or greater than Canada&#8217;s target of a </font><font style='font-family:Arial;font-size:10pt;' >30</font><font style='font-family:Arial;font-size:10pt;' > per cent reduction from 20</font><font style='font-family:Arial;font-size:10pt;' >05 levels by 2030;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Nova Scotia will implement an agreed upon cap and trade system; and</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >The Province of Nova Scotia and the Government of Canada will agree upon a methodology and scenarios for the modeling of projected GHG emissions to support the developme</font><font style='font-family:Arial;font-size:10pt;' >nt of Nova Scotia&#8217;s cap and trade system.</font></li></ul></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Accelerated phase out of coal component</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Nova Scotia and the Government of Canada will establish a new equivalency agreement that will enable the province to move directly from fossil fue</font><font style='font-family:Arial;font-size:10pt;' >ls to clean energy sources and enable NSPI&#8217;s coal-fired plants to operate at some capacity beyond 2030. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On December 9, 2016, the Government of Canada and eight provinces (including Nova Scotia) signed the Pan Canadian Framework on Clean Growth and </font><font style='font-family:Arial;font-size:10pt;' >Climate Change. The Government of Canada has committed to ensuring that the provinces and territories have the flexibility to design their own policies and programs to meet emission-reduction targets, supported by federal investments in infrastructure, spe</font><font style='font-family:Arial;font-size:10pt;' >cific emission-reduction opportunities and clean technologies. Details under the agreements are expected to be finalized by the end of 2017.  NSPI anticipates that any costs prudently incurred to </font><font style='font-family:Arial;font-size:10pt;' >achieve the legislated reductions would be recoverable from </font><font style='font-family:Arial;font-size:10pt;' >customers under NSPI&#8217;s regulatory framework. NSPI will continue to work with both the Province of Nova Scotia and the Government of Canada as the details of the agreements are finalized and to advance solutions that are in the best interest of customers.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Government of Canada has indicated their intention to resume discussions regarding Base Level Industrial Emission Requirements (&#8221;BLIER&#8221;s) for sulphur dioxide and nitrogen dioxide and have outlined their intention to develop a Clean Energy Standard for </font><font style='font-family:Arial;font-size:10pt;' >natural gas and possibly diesel. The details of both processes are not yet known. NSPI will participate in these processes in 2017.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI estimates its environmental capital expenditures, excluding AFUDC, based upon present environmental laws and regulatio</font><font style='font-family:Arial;font-size:10pt;' >ns will be approximately $</font><font style='font-family:Arial;font-size:10pt;' >41</font><font style='font-family:Arial;font-size:10pt;' > million during fiscal </font><font style='font-family:Arial;font-size:10pt;' >2017</font><font style='font-family:Arial;font-size:10pt;' > and are estimated to be $</font><font style='font-family:Arial;font-size:10pt;' >41</font><font style='font-family:Arial;font-size:10pt;' > million from </font><font style='font-family:Arial;font-size:10pt;' >2018</font><font style='font-family:Arial;font-size:10pt;' > through </font><font style='font-family:Arial;font-size:10pt;' >2021</font><font style='font-family:Arial;font-size:10pt;' >.  Amounts that have been committed to are included in &#8220;Capital projects&#8221; in the commitments table in note 28A.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Conformance</font><font style='font-family:Arial;font-size:10pt;' > with legislative and NSPI internal requirements is verified through a comprehensive environmental audit program.  There were no significant environmental or regulatory compliance issues identified during the audits completed to </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Polychlorin</font><font style='font-family:Arial;font-size:10pt;' >ated Biphenyl Equipment </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In response to the Canadian Environmental Protection Act 1999, 2008 </font><font style='font-family:Arial;font-size:10pt;' >Polychlorinated Biphenyl</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:10pt;' >(&#8220;PCB&#8221;) Regulations to phase out electrical equipment and liquids containing PCBs, NSPI has implemented a program to eliminate transformers and other oil-filled electrical equipment on its system that fall under the 2008 PCB Regulations Standard by the end</font><font style='font-family:Arial;font-size:10pt;' > of 2025.  This also includes PCB contaminated pole mounted transformers. </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:10pt;' >The combined total cost of these projects is estimated to be $</font><font style='font-family:Arial;font-size:10pt;' >43</font><font style='font-family:Arial;font-size:10pt;' > million and, as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >, approximately $</font><font style='font-family:Arial;font-size:10pt;' >28</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >December 31, 2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >20</font><font style='font-family:Arial;font-size:10pt;' > million) has been spent to date.</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:10pt;' >NSPI h</font><font style='font-family:Arial;font-size:10pt;' >as recognized an ARO on the balance sheet of $</font><font style='font-family:Arial;font-size:10pt;' >11</font><font style='font-family:Arial;font-size:10pt;' > million as at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >December 31, 2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >15</font><font style='font-family:Arial;font-size:10pt;' > million) associated with the PCB phase-out program. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Emera Energy Emissions</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The NEGG Facilities are subject to the RGGI for carbon dioxide emissions and the Acid</font><font style='font-family:Arial;font-size:10pt;' > Rain Program for sulphur dioxide emissions. The NEGG Facilities emit approximately two million tons of carbon dioxide</font><sub><font style='font-family:Arial;font-size:10pt;' > </font></sub><font style='font-family:Arial;font-size:10pt;' >per year.&#160; The amount of sulphur dioxide emitted is not considered significant.&#160; Changes to these emissions programs could adversely impa</font><font style='font-family:Arial;font-size:10pt;' >ct financial and operational performance.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >D.   Principal Risks and Uncertainties</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In this section, Emera describes some of the principal risks management believes could materially affect Emera&#8217;s business, revenues, operating income, net income, net assets </font><font style='font-family:Arial;font-size:10pt;' >or liquidity or capital resources in the near term.  The nature of risk is such that no list can be comprehensive, and other risks may arise, or risks not currently considered material may become material in the future.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Sound risk management is an essenti</font><font style='font-family:Arial;font-size:10pt;' >al discipline for running the business efficiently and pursuing the Company&#8217;s strategy successfully.  Emera has a business-wide risk management process, monitored by the Board of Directors, to ensure a consistent and coherent approach to risk management.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Regulatory and Political Risk </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company&#8217;s rate-regulated subsidiaries and certain investments subject to significant influence are subject to risk of the recovery of costs and investments.  As cost-of-service utilities with an obligation to serve </font><font style='font-family:Arial;font-size:10pt;' >customers, Tampa Electric, PGS, NMGC, NSPI, Emera Maine, BLPC, GBPC, and Domlec must obtain regulatory approval to change electricity rates and/or riders from their respective regulators.  Costs and investments can be recovered upon approval by the respect</font><font style='font-family:Arial;font-size:10pt;' >ive regulator as an adjustment to rates and/or riders, which normally requires a public hearing process or may be mandated by other </font><font style='font-family:Arial;font-size:10pt;' >governmental bodies.  In addition, the commercial and regulatory frameworks under which Emera and its subsidiaries operate c</font><font style='font-family:Arial;font-size:10pt;' >an be impacted by significant shifts in government policy (including shifts in policy which could occur as a result of climate change concerns) and changes in governments. Emera&#8217;s investments in entities in which it has significant influence and which are </font><font style='font-family:Arial;font-size:10pt;' >subject to regulatory risk include:  NSPML, LIL, M&amp;NP and Lucelec.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >During public hearing processes, consultants and customer representatives scrutinize the costs, actions and plans of these rate regulated companies and their respective regulators determin</font><font style='font-family:Arial;font-size:10pt;' >e whether to allow recovery and to adjust rates based upon the evidence and any contrary evidence from other parties.  In some circumstances, other government bodies may influence the setting of rates.  The subsidiaries manage this regulatory risk through </font><font style='font-family:Arial;font-size:10pt;' >transparent regulatory disclosure, ongoing stakeholder and government consultation and multi-party engagement on aspects such as utility operations, fuel-related audits, rate filings and capital plans.  The subsidiaries employ a collaborative regulatory ap</font><font style='font-family:Arial;font-size:10pt;' >proach through technical conferences and, where appropriate, negotiated settlements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Weather and Climate Risk</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Shifts in weather patterns affect energy sales and associated revenues and costs.  Extreme weather events generally result in increased operatin</font><font style='font-family:Arial;font-size:10pt;' >g costs associated with restoring service to customers as a result of unplanned outages. Emera responds to outages which occur as a result of significant weather events according to each subsidiary&#8217;s respective emergency services restoration plan.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Changes</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > in Environmental Legislation </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera is subject to regulation by federal, provincial, state, regional and local authorities with regard to environmental matters; primarily related to its utility operations. This includes laws setting GHG emissions </font><font style='font-family:Arial;font-size:10pt;' >standards and air emissions standards.  Emera is also subject to laws regarding the generation, storage, transportation, use and disposal of hazardous substances and materials.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In addition to imposing continuing compliance obligations, there are</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >permit re</font><font style='font-family:Arial;font-size:10pt;' >quirements, laws and regulations authorizing the imposition of penalties for non-compliance, including fines, injunctive relief and other sanctions.  The cost of complying with current and future environmental requirements is, and may be, material to Emera</font><font style='font-family:Arial;font-size:10pt;' >.  Failure to comply with environmental requirements or to recover environmental costs in a timely manner through rates could have a material adverse effect on Emera.  In addition, Emera&#8217;s business could be materially affected by changes in government poli</font><font style='font-family:Arial;font-size:10pt;' >cy, utility regulation, and environmental and other legislation that could occur in response to environmental and climate change concerns.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >New emission reductions requirements for the utilities sector are being established by governments in Canada and the</font><font style='font-family:Arial;font-size:10pt;' > United States. Changes to GHG emissions standards and air emissions standards could adversely affect Emera&#8217;s operations and financial performance. Stricter environmental laws and enforcement of such laws in the future could increase Emera&#8217;s exposure to ad</font><font style='font-family:Arial;font-size:10pt;' >ditional liabilities and costs. These changes could also affect earnings and strategy by changing the nature and timing of capital investments.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera manages its environmental risk by operating in a manner that is respectful and protective of the environm</font><font style='font-family:Arial;font-size:10pt;' >ent and with the objective of achieving full compliance with applicable laws, legislation and company policies and standards.  Emera has implemented this policy through the development and application of environmental management systems in its operating su</font><font style='font-family:Arial;font-size:10pt;' >bsidiaries.  Comprehensive audit programs are also in place to regularly test compliance with such laws, policies and standards.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Foreign Exchange Risk </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company is exposed to foreign currency exchange rate changes.  Emera operates globally, with an in</font><font style='font-family:Arial;font-size:10pt;' >creasing amount of the Company&#8217;s adjusted net income earned outside of Canada.  As such, Emera is </font><font style='font-family:Arial;font-size:10pt;' >exposed to movements in exchange rates between the Canadian dollar and, particularly, the US dollar, which could positively or adversely affect results.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Co</font><font style='font-family:Arial;font-size:10pt;' >nsistent with the Company&#8217;s risk management policies, Emera manages currency risks through matching US denominated debt to finance its US operations and uses short-term foreign currency derivative instruments to hedge specific transactions.  The Company en</font><font style='font-family:Arial;font-size:10pt;' >ters into foreign exchange forward and swap contracts to limit exposure on certain foreign currency transactions such as fuel purchases, revenues streams, capital expenditures and capital projects.  The regulatory framework for the Company&#8217;s rate-regulated</font><font style='font-family:Arial;font-size:10pt;' > subsidiaries permits the recovery of prudently incurred costs, including foreign exchange.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company does not utilize derivative financial instruments for foreign currency trading or speculative purposes, or to hedge the value of its investments in </font><font style='font-family:Arial;font-size:10pt;' >foreign subsidiaries.  Exchange gains and losses on net investments in foreign subsidiaries are included in AOCI.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Capital Market and Liquidity Risk</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s operations and projects in development require significant capital investments in property, plant </font><font style='font-family:Arial;font-size:10pt;' >and equipment. Consequently, Emera is an active participant in the debt and equity markets. After giving effect to the TECO Energy acquisition, Emera now has total debt of $</font><font style='font-family:Arial;font-size:10pt;' >15</font><font style='font-family:Arial;font-size:10pt;' > billion.  Any disruption in capital markets could have a material impact on Emer</font><font style='font-family:Arial;font-size:10pt;' >a&#8217;s ability to fund its operations.  Capital markets are global in nature and are affected by numerous events throughout the world economy.  Capital market disruptions could prevent Emera from issuing new securities or cause the Company to issue securities</font><font style='font-family:Arial;font-size:10pt;' > with less than preferred terms and conditions. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera is subject to financial risk associated with changes in its credit ratings.  There are a number of factors that rating agencies evaluate to determine credit ratings, including the company&#8217;s business a</font><font style='font-family:Arial;font-size:10pt;' >nd regulatory framework, the ability to recover costs and earn returns, diversification, leverage, and liquidity.  A change to a credit rating as a result of changes in any of these items could result in higher interest rates in future financings, increase</font><font style='font-family:Arial;font-size:10pt;' > borrowing costs under certain existing credit facilities, limit access to the commercial paper market or limit the availability of adequate credit support for subsidiary operations.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Liquidity risk relates to Emera&#8217;s ability to ensure sufficient funds are</font><font style='font-family:Arial;font-size:10pt;' > available to meet its financial obligations.  Emera manages this risk by forecasting cash requirements on a continuous basis to determine whether sufficient funds are available.  Liquidity and capital needs will be financed through internally generated ca</font><font style='font-family:Arial;font-size:10pt;' >sh flows, short-term credit facilities, and ongoing access to capital markets. The Company reasonably expects liquidity sources to exceed ordinary course capital needs.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Interest Rate Risk</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera utilizes a combination of fixed and floating</font><font style='font-family:Arial;font-size:10pt;' > rate debt financing for operations and capital expenditures, resulting in an exposure to interest rate risk.  Emera seeks to manage interest rate risk through a portfolio approach that includes the use of fixed and floating rate debt with staggered maturi</font><font style='font-family:Arial;font-size:10pt;' >ties.  The Company will, from time to time, issue long-term debt or enter into interest rate hedging contracts to limit its exposure to fluctuations in floating interest rate debt.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >For Emera&#8217;s regulated subsidiaries, the cost of debt is a component of rat</font><font style='font-family:Arial;font-size:10pt;' >es and prudently incurred debt costs are recovered from customers.  While regulatory ROE will generally follow the direction of interest rates, such that regulatory ROE&#8217;s are likely to fall in times of reducing interest rates and raise in times of increasi</font><font style='font-family:Arial;font-size:10pt;' >ng interest rates, albeit not directly and generally with a lag period reflecting the regulatory process.  Rising interest rates may also negatively affect the economic viability of project development and acquisition initiatives.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Commercial Relationships</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > Risk</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company is exposed to commercial relationships risk in respect of its reliance on certain key partners, suppliers and customers.  The Company manages its commercial relationships risk by monitoring credit risk and monitoring of significant devel</font><font style='font-family:Arial;font-size:10pt;' >opments with its customers, partners and suppliers.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Commodity Price Risk</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >A large portion of the Company&#8217;s fuel supply comes from international suppliers and is subject to commodity price risk.  The Company manages this risk through established processes </font><font style='font-family:Arial;font-size:10pt;' >and practices to identify, monitor, report and mitigate these risks.  Fuel contracts may be exposed to broader global conditions, which may include impacts on delivery reliability and price, despite contracted terms.  The Company seeks to manage this risk </font><font style='font-family:Arial;font-size:10pt;' >through the use of financial hedging instruments and physical contracts and through contractual protection with counterparties, where applicable.  In addition, the adoption and implementation of fuel adjustment mechanisms in its rate-regulated subsidiaries</font><font style='font-family:Arial;font-size:10pt;' > has further helped manage this risk, as the regulatory framework for the Company&#8217;s rate-regulated subsidiaries permits the recovery of prudently incurred fuel costs.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Income Tax Risk</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:18pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The computation of the Company&#8217;s provision for income taxes is impacted</font><font style='font-family:Arial;font-size:10pt;' > by changes in tax legislation in Canada, the United States and the Caribbean.  Any such changes could affect the Company&#8217;s future earnings, cash flows, and financial position. The value of Emera&#8217;s existing deferred tax benefits are determined by existing </font><font style='font-family:Arial;font-size:10pt;' >tax laws and could be negatively impacted by changes in laws.  &#8220;Comprehensive tax reform&#8221; remains a topic of discussion in the U.S. Congress.  Such legislation could significantly alter the existing tax code, including a reduction in the corporate income t</font><font style='font-family:Arial;font-size:10pt;' >ax rate.  Although a reduction in the corporate income tax rate could result in lower future tax expense and tax payments, it would also reduce the value of the Company&#8217;s existing deferred tax assets and could result in a charge to earnings if written down</font><font style='font-family:Arial;font-size:10pt;' >. Emera monitors the status of existing tax laws to ensure that changes impacting the Company are appropriately reflected in the Company&#8217;s tax compliance filings and financial results.</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >E.   Guarantees and Letters of Credit</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera had significant guarantees </font><font style='font-family:Arial;font-size:10pt;' >and letters of credit on behalf of third parties outstanding as discussed below.  These are not included within the Consolidated Balance Sheets as at December 31, 2016.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera has provided a completion guarantee to the Government of Canada, whereby it has </font><font style='font-family:Arial;font-size:10pt;' >guaranteed the performance of the obligations of NSPML to cause the completion of the Maritime Link Project, subject to certain conditions set out in that guarantee.  The cost of those obligations is estimated to be $</font><font style='font-family:Arial;font-size:10pt;' >1.577 </font><font style='font-family:Arial;font-size:10pt;' >billion, which reduces in the ord</font><font style='font-family:Arial;font-size:10pt;' >inary course as project costs are paid.  The current exposure as at December 31, 2016 is $</font><font style='font-family:Arial;font-size:10pt;' >577</font><font style='font-family:Arial;font-size:10pt;' > million.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO Coal was sold on September 21, 2015 to Cambrian Coal Corporation (&#8220;Cambrian&#8221;).  Pursuant to the sales agreement, Cambrian is obligated to </font><font style='font-family:Arial;font-size:10pt;' >file applications required in connection with the change of control with the appropriate governmental entities.  Once the applicable governmental agency deems each application to be acceptable, Cambrian is obligated to post a bond or other appropriate coll</font><font style='font-family:Arial;font-size:10pt;' >ateral necessary to obtain the release of the corresponding bond secured by the TECO Energy indemnity for that permit. Until the bonds secured by TECO Energy&#39;s indemnity are released, TECO Energy&#39;s indemnity will remain effective. As a result of the sale i</font><font style='font-family:Arial;font-size:10pt;' >n September 2015, the letters of indemnity guaranteed $</font><font style='font-family:Arial;font-size:10pt;' >124</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >95</font><font style='font-family:Arial;font-size:10pt;' > million USD).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >TECO Energy has remaining letters of indemnity related to TECO Coal, which totaled $</font><font style='font-family:Arial;font-size:10pt;' >80</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >59</font><font style='font-family:Arial;font-size:10pt;' > million USD) at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >. As of that date Cambrian had posted ap</font><font style='font-family:Arial;font-size:10pt;' >proximately $</font><font style='font-family:Arial;font-size:10pt;' >54</font><font style='font-family:Arial;font-size:10pt;' > million ($</font><font style='font-family:Arial;font-size:10pt;' >40</font><font style='font-family:Arial;font-size:10pt;' > million USD) of additional reclamation bonds to replace corresponding reclamation bonds supported by TECO Energy&#8217;s indemnity.  TECO Energy&#8217;s indemnity obligations in respect of such bonds will not be released until the applicab</font><font style='font-family:Arial;font-size:10pt;' >le State department processes the applicable permit transfers and releases </font><font style='font-family:Arial;font-size:10pt;' >such bonds.  These letters of indemnity guarantee payments to certain surety companies that issued reclamation bonds to the Commonwealths of Kentucky and Virginia in connection with</font><font style='font-family:Arial;font-size:10pt;' > TECO Coal&#39;s mining operations.  Payments to the surety companies would be triggered if the reclamation bonds are called upon by either of these states and the permit holder, TECO Coal, does not pay the surety. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The amounts outlined above represent the ma</font><font style='font-family:Arial;font-size:10pt;' >ximum theoretical amounts that TECO Energy would be required to pay to the surety companies. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The company is working with Cambrian on the process to replace the remaining bonds. Pursuant to the securities purchase agreement, Cambrian has the obligation to</font><font style='font-family:Arial;font-size:10pt;' > indemnify and hold TECO Energy harmless from any losses incurred that arise out of the coal mining permits during the period commencing on the closing date through the date all permit approvals are obtained.</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NSPI has a standby letter of credit to </font><font style='font-family:Arial;font-size:10pt;' >secure obligations under an unfunded pension plan in NSPI.  The letter of credit expires in June 2017 and is renewed annually.  The amount committed as at December 31, 2016 was $</font><font style='font-family:Arial;font-size:10pt;' >47</font><font style='font-family:Arial;font-size:10pt;' > million.  </font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font><font style='font-family:Arial;font-size:10pt;' >	</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera has standby letters of credit in the amount of $</font><font style='font-family:Arial;font-size:10pt;' >24</font><font style='font-family:Arial;font-size:10pt;' > million USD for the benefit of secured parties in connection with a refinancing of the Bear Swamp joint venture and also to third parties that have extended credit to Emera and its subsidiaries. These letters of credit typically have a one-year term and a</font><font style='font-family:Arial;font-size:10pt;' >re renewed annually as required. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Collaborative Arrangement</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >s</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >For the years ended</font><font style='font-family:Arial;font-size:10pt;' > December 31, 2016 and 2015, the Company has identified the following material collaborative arrangements:</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Through NSPI, the Company is a participant in three wind energy projects in Nova Scotia.  The </font><font style='font-family:Arial;font-size:10pt;' >percentage ownership of the wind project assets is based on the relative value of each party&#8217;s project assets by the total project assets.  NSPI has power purchase arrangements to purchase the entire net output of the projects and, therefore, NSPI&#8217;s portio</font><font style='font-family:Arial;font-size:10pt;' >n of the revenues are recorded net within regulated fuel for generation and purchased power.  NSPI&#8217;s portion of operating expenses is recorded in operating, maintenance and general (&#8220;OM&amp;G&#8221;) expenses.  In 2016, NSPI recognized $</font><font style='font-family:Arial;font-size:10pt;' >18</font><font style='font-family:Arial;font-size:10pt;' > million net expense (2015 </font><font style='font-family:Arial;font-size:10pt;' >- $</font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > million) in &#8220;Regulated fuel for generation and purchased power&#8221; and $</font><font style='font-family:Arial;font-size:10pt;' >5</font><font style='font-family:Arial;font-size:10pt;' > million (2015 - $</font><font style='font-family:Arial;font-size:10pt;' >2</font><font style='font-family:Arial;font-size:10pt;' > million) in &#8220;OM&amp;G&#8221;.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6860129744">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Cumulative Preferred Stock<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EquityAbstract', window );"><strong>Cumulative Preferred Stock [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockTextBlock', window );">CUMULATIVE PREFERRED STOCK</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >29.  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >CUMULATIVE PREFERRED STOCK</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:463.5pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Authorized:</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:463.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Unlimited number of First Preferred shares, issuable in series.</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:463.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:463.5pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Unlimited number of Second Preferred shares, issuable in series.</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:122.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:122.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='4' rowspan='1' style='width:126pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:126pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:10.5pt;' ><td colspan='3' rowspan='1' style='width:112.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:112.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Annual Dividend</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:62.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Redemption</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Issued and</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Net</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Issued and</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Net </font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Per Share</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:62.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:62.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Price per share</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Outstanding</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Proceeds</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Outstanding</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Proceeds</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Series A</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >0.6388</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >25.00</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >3,864,636</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  95</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >3,864,636</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  95</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Series B</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Floating</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >25.00</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2,135,364</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  52</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,135,364</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  52</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Series C</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1.0250</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >25.00</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >10,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  245</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  245</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Series E</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1.1250</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >26.00</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >5,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  122</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  122</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Series F</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1.0625</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >25.00</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >8,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  195</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >8,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  195</font></td></tr><tr style='height:10.5pt;' ><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >29,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  709</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >29,000,000</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  709</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On Augu</font><font style='font-family:Arial;font-size:10pt;' >st 17, 2015, Emera announced that </font><font style='font-family:Arial;font-size:10pt;' >2,135,364</font><font style='font-family:Arial;font-size:10pt;' > of its </font><font style='font-family:Arial;font-size:10pt;' >6,000,000</font><font style='font-family:Arial;font-size:10pt;' > issues and outstanding Series A Shares were tendered for conversion, on a one-for-one basis into Cumulative Floating Rate First Preferred Shares, Series B (the &#8220;Series B Shares&#8221;).  As</font><font style='font-family:Arial;font-size:10pt;' > a result of the conversion, Emera has </font><font style='font-family:Arial;font-size:10pt;' >3,864,636</font><font style='font-family:Arial;font-size:10pt;' > Series A Shares and </font><font style='font-family:Arial;font-size:10pt;' >2,135,364</font><font style='font-family:Arial;font-size:10pt;' > Series B Shares issued an</font><font style='font-family:Arial;font-size:10pt;' >d outstanding. The 2016 dividends for the Series A and Series B shares were $</font><font style='font-family:Arial;font-size:10pt;' >0.6388</font><font style='font-family:Arial;font-size:10pt;' > per share and $</font><font style='font-family:Arial;font-size:10pt;' >0.5724</font><font style='font-family:Arial;font-size:10pt;' > respectively. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The First Preferred Shares, Se</font><font style='font-family:Arial;font-size:10pt;' >ries A, C and F are entitled to receive fixed cumulative cash dividends as and when declared by the Board of Directors of the Corporation in the amounts of $</font><font style='font-family:Arial;font-size:10pt;' >0.6388</font><font style='font-family:Arial;font-size:10pt;' >, $</font><font style='font-family:Arial;font-size:10pt;' >1.025</font><font style='font-family:Arial;font-size:10pt;' > and $</font><font style='font-family:Arial;font-size:10pt;' >1.0625</font><font style='font-family:Arial;font-size:10pt;' > per share per annum, respectively for each year up to and excluding Augu</font><font style='font-family:Arial;font-size:10pt;' >st 15, 2020, August 15, 2018, and February 15, 2020, respectively.  As at August 15, 2020, August 15, 2018, and February 15, 2020, the holders of the First Preferred Shares Series A, C and F, respectively, are entitled to receive reset fixed cumulative cas</font><font style='font-family:Arial;font-size:10pt;' >h dividends.  The reset annual dividend per share will be determined by multiplying $</font><font style='font-family:Arial;font-size:10pt;' >25.00 </font><font style='font-family:Arial;font-size:10pt;' >per share by the annual fixed dividend rate of the First Preferred Shares, Series A, C and F, respectively, which is the sum of the five-year Government of Canada Bo</font><font style='font-family:Arial;font-size:10pt;' >nd</font><font style='font-family:Arial;font-size:10pt;' >-</font><font style='font-family:Arial;font-size:10pt;' >Yield on the application reset date plus </font><font style='font-family:Arial;font-size:10pt;' >1.84 </font><font style='font-family:Arial;font-size:10pt;' >per cent, </font><font style='font-family:Arial;font-size:10pt;' >2.65 </font><font style='font-family:Arial;font-size:10pt;' >per cent, and </font><font style='font-family:Arial;font-size:10pt;' >2.63</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent, respectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The First Preferred Shares, Series B, are entitled to receive floating rate cumulative cash dividends, as and when declared by the Board of Director</font><font style='font-family:Arial;font-size:10pt;' >s</font><font style='font-family:Arial;font-size:10pt;' > of the Corporation</font><font style='font-family:Arial;font-size:10pt;' > in the amount determined by multiplying $</font><font style='font-family:Arial;font-size:10pt;' >25.00</font><font style='font-family:Arial;font-size:10pt;' > by the three month Government of Canada Treasury Bill rate plus </font><font style='font-family:Arial;font-size:10pt;' >1.84</font><font style='font-family:Arial;font-size:10pt;' > per cent.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The First Preferred Shares, Series E, are entitled to receive fixed rate cumulative cash dividends, as and w</font><font style='font-family:Arial;font-size:10pt;' >hen declared by the Board of Directors</font><font style='font-family:Arial;font-size:10pt;' > of the Corporation</font><font style='font-family:Arial;font-size:10pt;' > in the amount $</font><font style='font-family:Arial;font-size:10pt;' >1.1250 </font><font style='font-family:Arial;font-size:10pt;' >per share </font><font style='font-family:Arial;font-size:10pt;' >per annum.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The holders of First Preferred Shares, Series A, C and F will have the right, at their option, to convert their shares into an equal number of Cumulative </font><font style='font-family:Arial;font-size:10pt;' >Floating Rate First Preferred Shares, Series B, D, and G, of the Company, respectively, on August 15, 2020 August 15, 2018, and February 15, 2020, respectively, and every five years thereafter.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The holders of the First Preferred Shares, Series B will have</font><font style='font-family:Arial;font-size:10pt;' > the right, at their option, to convert their shares into an equal number of Series A shares of the Company on August 15, 2020 and every five years thereafter.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has the right to redeem the outstanding Preferred Shares, Series A, C, and F shares</font><font style='font-family:Arial;font-size:10pt;' > without the consent of the holder on August 15, 2020, August 15, 2018, and February 15, 2020 respectivel</font><font style='font-family:Arial;font-size:10pt;' >y and on August 15, August 15 and February </font><font style='font-family:Arial;font-size:10pt;' >15 respectively every five years thereafter for cash, in whole or in part at a price of $</font><font style='font-family:Arial;font-size:10pt;' >25.00</font><font style='font-family:Arial;font-size:10pt;' > per share plu</font><font style='font-family:Arial;font-size:10pt;' >s all accrued and unpaid dividends up to but excluding the date fixed for redemption. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has the right to redeem the outstanding Preferred Shares, Series B, Series D and Series G shares without the consent of the holder on August 15, 2020, Augu</font><font style='font-family:Arial;font-size:10pt;' >st 15, 2023</font><font style='font-family:Arial;font-size:10pt;' > and </font><font style='font-family:Arial;font-size:10pt;' >February 15, 2025 respectively and on August 15, August 15 and February 15 every five years thereafter for cash, in whole or in part at a price of $</font><font style='font-family:Arial;font-size:10pt;' >25.00</font><font style='font-family:Arial;font-size:10pt;' > per share plus all accrued and unpaid dividends up to but excluding the date fixed for</font><font style='font-family:Arial;font-size:10pt;' > redemption and $</font><font style='font-family:Arial;font-size:10pt;' >25.50</font><font style='font-family:Arial;font-size:10pt;' > per share plus all accrued and unpaid dividends </font><font style='font-family:Arial;font-size:10pt;' >up to but excluding the date fixed for redemption in the case of redemptions </font><font style='font-family:Arial;font-size:10pt;' >on any other date after August 15, 2015, August 15, 2018 and February 15, 2020, respectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company h</font><font style='font-family:Arial;font-size:10pt;' >as the right to redeem the outstanding First Preferred Shares, Series E on or after August 15, 2018 in whole or in part, at the Company&#8217;s option, by the payment in cash of $</font><font style='font-family:Arial;font-size:10pt;' >26.00 </font><font style='font-family:Arial;font-size:10pt;' >per Series E Preferred Share if redeemed prior to August 15, 2019; at $</font><font style='font-family:Arial;font-size:10pt;' >25.75 </font><font style='font-family:Arial;font-size:10pt;' >per Series E Preferred Share if redeemed on or after August 15, 2019, but prior to August 15, 2020; at $</font><font style='font-family:Arial;font-size:10pt;' >25.50</font><font style='font-family:Arial;font-size:10pt;' > per Series E Preferred Share if redeemed on or after August 15, 2020, but prior to August 15, 2021; at $</font><font style='font-family:Arial;font-size:10pt;' >25.25 </font><font style='font-family:Arial;font-size:10pt;' >per Series E Preferred Share if rede</font><font style='font-family:Arial;font-size:10pt;' >emed on or after August 15, 2021, but prior to August 15, 2022; and at $</font><font style='font-family:Arial;font-size:10pt;' >25.00</font><font style='font-family:Arial;font-size:10pt;' > per Series E Preferred Share if redeemed on or after August 15, 2022, in each case together with all accrued and unpaid dividends up to but excluding the date fixed for redemptio</font><font style='font-family:Arial;font-size:10pt;' >n.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As the First Preferred Shares, Series A, B, C, E and F are neither redeemable at the option of the shareholder nor have a mandatory redemption date, they are classified as equity and the associated dividends will be deducted on the consolidated stateme</font><font style='font-family:Arial;font-size:10pt;' >nts of earnings immediately before arriving at &#8220;Net earnings attributable to common shareholders&#8221; and will be shown on the consolidated statement of equity as a deduction from retained earnings.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The First Preferred Shares of each series rank on a parity with the First </font><font style='font-family:Arial;font-size:10pt;' >P</font><font style='font-family:Arial;font-size:10pt;' >referred Shares of every other series and are entitled to a preference over the Second Preferred Shares, the Common Shares, and any other shares ranking junior to the First Preferre</font><font style='font-family:Arial;font-size:10pt;' >d Shares with respect to the payment of dividends and the distribution of the remaining property and assets or return of capital of the Company in the liquidation, dissolution or wind-up, whether voluntary or involuntary.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In the event the Company fails to</font><font style='font-family:Arial;font-size:10pt;' > pay, in aggregate, eight quarterly dividends on any series of the First Preferred Shares, the holders of the First Preferred Shares will be entitled to attend any meeting of shareholders of the Company </font><font style='font-family:Arial;font-size:10pt;' >at which directors are to be elected </font><font style='font-family:Arial;font-size:10pt;' >and to vote </font><font style='font-family:Arial;font-size:10pt;' >for </font><font style='font-family:Arial;font-size:10pt;' >the election of two directors out of the total number of directors elected at any such </font><font style='font-family:Arial;font-size:10pt;' >meeting.</font></p></div><span></span>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6858272560">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Non-Controlling Interest in Subsidiaries<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >30.  NON-CONTROLLING INTEREST IN SUBSIDIARIES</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:26.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Non-controlling interest in subsidiaries consisted of the following:</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:9pt;' ><td style='width:326.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31</font></td><td colspan='2' rowspan='1' style='width:71.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars </font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:26.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >ICDU</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  53</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  52</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Preferred shares of GBPC</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  34</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  34</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Domlec </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  25</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  23</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >ECI</font><font style='font-family:Arial;font-size:8pt;color:#000000;' > (1)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  25</font></td></tr><tr style='height:10.5pt;' ><td style='width:326.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:326.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  112</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  134</font></td></tr><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) On December 17, 2015, an indirect wholly owned subsidiary of Emera acquired approximately 2.6 million ECI shares, increasing its ownership interest from 80.7 per cent to 95.5 per cent. On March 22, 2016, an indirect wholly-owned subsidiary of Emera acquired 0.7 million ECI shares (which owns 51.9 per cent share of Domlec), increasing Emera&#39;s ownership interest in ECI from 95.5 to 100 per cent.</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Preferred shares of GBPC:</font></td></tr><tr style='height:10.5pt;' ><td style='width:206.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:206.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:60pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' >Authorized:</font></td></tr><tr style='height:10.5pt;' ><td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >35,000 non-voting cumulative redeemable variable perpetual preferred shares</font></td></tr><tr style='height:10.5pt;' ><td colspan='7' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:206.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:131.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:131.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:131.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:131.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:21pt;' ><td style='width:206.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Issued and outstanding:</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >number of shares</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >millions of dollars</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >number of shares</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of dollars</font></td></tr><tr style='height:10.5pt;' ><td style='width:206.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:206.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Outstanding as at December 31</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >35,000</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  34</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >35,000</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:60pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  34</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >GBPC Non&#8211;Voting Cumulative Variable</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >Perpetual </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >Preferred Stock:</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Arial;font-size:10pt;' >Preferred Stock is redeemable by </font><font style='font-family:Arial;font-size:10pt;' >GBPC</font><font style='font-family:Arial;font-size:10pt;' >, in whole at any time or in part from time to time</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > at $</font><font style='font-family:Arial;font-size:10pt;' >1,000</font><font style='font-family:Arial;font-size:10pt;' > Bahamian</font><font style='font-family:Arial;font-size:10pt;' > per share plus accrued and unpaid dividends.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The</font><font style='font-family:Arial;font-size:10pt;' > Preferred Stock is entitled to a </font><font style='font-family:Arial;font-size:10pt;' >7.25</font><font style='font-family:Arial;font-size:10pt;' > per cent</font><font style='font-family:Arial;font-size:10pt;' > per annum fixed cumulative preferential dividend</font><font style='font-family:Arial;font-size:10pt;' > for years 2013 through 2016</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >8.50</font><font style='font-family:Arial;font-size:10pt;' > per cent </font><font style='font-family:Arial;font-size:10pt;' >per annum fixed cumulative preferential dividend</font><font style='font-family:Arial;font-size:10pt;' > for years 2017 through 2019 and</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >10.00</font><font style='font-family:Arial;font-size:10pt;' > per cent</font><font style='font-family:Arial;font-size:10pt;' > per annum fixed cumu</font><font style='font-family:Arial;font-size:10pt;' >lative preferential dividend</font><font style='font-family:Arial;font-size:10pt;' > after 2020, </font><font style='font-family:Arial;font-size:10pt;' >as and when declared by the Board of Directors, accruing from the date of issue.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The </font><font style='font-family:Arial;font-size:10pt;' >Preferred Shares rank </font><font style='font-family:Arial;font-size:10pt;' >behind all of GBPC&#8217;s current and future secured and unsecured debt with any of GBPC&#8217;s future preferred st</font><font style='font-family:Arial;font-size:10pt;' >ock and ahead of all of GBPC&#8217;s current and future common stock.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.31)<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1A<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=SL4573702-111684<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856013088">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Supplemental Information to Consolidated Statements of Cash Flows<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental Cash Flow Information [Abstract]</strong></a></td>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_SupplementalCashFlowInformationTextBlock', window );">SUPPLEMENTARY INFORMATION TO CONSOLIDATED STATEMENTS OF CASH FLOWS</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >31</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >SUPPLEMENTARY INFORMATIO</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >N TO CONSOLIDATED STATEMENTS OF </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >CASH FLOWS</font></p><p style='text-align:left;line-height:13.8pt;' ></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:9.95pt;' ><td style='width:279.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the                                                                                                                              </font></td><td colspan='4' rowspan='1' style='width:150pt;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended December 31</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Changes in non-cash working capital:</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Receivables, net</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (104)</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (19)</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Income taxes receivable</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (23)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (22)</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Inventory</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  88</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (2)</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Prepayments and other current assets </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (18)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Accounts payable and customer deposits</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  162</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (45)</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Income taxes payable</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  14</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (32)</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >     Other current liabilities </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  9</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total non-cash working capital </font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  134</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (102)</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Supplemental disclosure of cash paid (received):</font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  480</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  196</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income taxes</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  57</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  124</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Supplemental disclosure of non-cash activities:</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Common share dividends reinvested</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  103</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  78</font></td></tr><tr style='height:9.95pt;' ><td style='width:279.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:279.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Beneficial Conversion Feature of the convertible debentures</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  43</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr></table></div><span></span>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856049312">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Stock Based Compensation<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock', window );">STOCK-BASED COMPENSATION</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >32</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  S</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >TOCK-BASED COMPENSATION</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >EMPLOYEE COMMON S</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >HARE</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > PURCHASE PLAN AND COMMON SHAREHOLDERS DIVIDEND REINVESTMENT AND SHARE PURCHASE PLAN </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Eligible</font><font style='font-family:Arial;font-size:10pt;' > employees may participate in Emera&#8217;s</font><font style='font-family:Arial;font-size:10pt;' > Employee Common Share Purchase Plan to which employees make cash contributions of a minimum of $</font><font style='font-family:Arial;font-size:10pt;' >25</font><font style='font-family:Arial;font-size:10pt;' > to a maximum of $</font><font style='font-family:Arial;font-size:10pt;' >8,000</font><font style='font-family:Arial;font-size:10pt;' > per year for the purpose of purchasing common shares of Emera.  The Company also contributes to the plan a percentage of the employee</font><font style='font-family:Arial;font-size:10pt;' >s&#8217; contributions. If an employee contributes any am</font><font style='font-family:Arial;font-size:10pt;' >ount up to $</font><font style='font-family:Arial;font-size:10pt;' >3,000</font><font style='font-family:Arial;font-size:10pt;' > to employees p</font><font style='font-family:Arial;font-size:10pt;' >lan account, the Company will contribute </font><font style='font-family:Arial;font-size:10pt;' >20</font><font style='font-family:Arial;font-size:10pt;' > per</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >cent of that amount. When an employee contributes any amount over $</font><font style='font-family:Arial;font-size:10pt;' >3,000</font><font style='font-family:Arial;font-size:10pt;' >, up to the $</font><font style='font-family:Arial;font-size:10pt;' >8,000</font><font style='font-family:Arial;font-size:10pt;' > maximum, the Company will contribu</font><font style='font-family:Arial;font-size:10pt;' >te </font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > per</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >cent of that amount. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The plan allows the reinvestment of dividends.  The maximum aggregate number of Emera common shares reserved for</font><font style='font-family:Arial;font-size:10pt;' > issuance under this plan is </font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' > million common shares.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company also has a Common Shareholders Dividend Rein</font><font style='font-family:Arial;font-size:10pt;' >vestment and Share Purchase Plan (&#8220;Dividend Reinvestment Plan&#8221;), which provides an opportunity for shareholders to reinvest dividends and for the purpose of</font><font style='font-family:Arial;font-size:10pt;' > purchasing common shares.&#160; This </font><font style='font-family:Arial;font-size:10pt;' >plan pr</font><font style='font-family:Arial;font-size:10pt;' >ovides for a discount of up to 5</font><font style='font-family:Arial;font-size:10pt;' > per cent from the average m</font><font style='font-family:Arial;font-size:10pt;' >arket price of Emera&#8217;s common shares for common shares purchased in connection with th</font><font style='font-family:Arial;font-size:10pt;' >e reinvestment of cash dividend</font><font style='font-family:Arial;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Compensation cost </font><font style='font-family:Arial;font-size:10pt;' >for shares issued by Emera </font><font style='font-family:Arial;font-size:10pt;' >for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > under the Employee Common Share Purchase Plan was $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > million) and is included in &#8220;Opera</font><font style='font-family:Arial;font-size:10pt;' >ting, maintenance and general&#8221; on the Consolidated Statements of Income.</font><font style='font-family:Arial;font-size:10pt;' > </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >STOCK-BASED COMPENSATION PLANS</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Stock Option Plan</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has a stock option plan that grants options to senior management of the Company for a maximum term of ten years.  The option price of the stock options is the closing market price of the </font><font style='font-family:Arial;font-size:10pt;' >stocks on the day before the option is granted.  The maximum aggregate number of shares issuable under this plan is </font><font style='font-family:Arial;font-size:10pt;' >11.7</font><font style='font-family:Arial;font-size:10pt;' > million shares.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >All options granted to date are exercisable on a graduated basis with up to </font><font style='font-family:Arial;font-size:10pt;' >25</font><font style='font-family:Arial;font-size:10pt;' > per cent of options exercisable on the </font><font style='font-family:Arial;font-size:10pt;' >first anniversary date and further </font><font style='font-family:Arial;font-size:10pt;' >25</font><font style='font-family:Arial;font-size:10pt;' > per cent increments on each of the second, third and fourth anniversaries of the grant. If an option is not exercised within ten years, it expires and the optionee loses all rights thereunder.  The holder of the option</font><font style='font-family:Arial;font-size:10pt;' > has no rights as a shareholder until the option is exercised and shares have been issued. The total number of stocks to be optioned to any optionee shall not exceed five per cent of the issued and outstanding common stocks on the date the option is grante</font><font style='font-family:Arial;font-size:10pt;' >d.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >If, before the expiry of an option in accordance with its terms, the optionee ceases to be an eligible person due to retirement or termination for other than just cause, such option may, subject to the terms thereof and any other terms of the plan, be </font><font style='font-family:Arial;font-size:10pt;' >exercised at any time within the 24 months following the date the optionee retires, but in any case prior to the expiry of the option in accordance with its terms.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >If, before the expiry of an option in accordance with its terms, the optionee ceases to be </font><font style='font-family:Arial;font-size:10pt;' >an eligible person due to employment termination for just cause, resignation or death, such option may, subject to the terms thereof and any other terms of the plan, be exercised at any time within the six months following the date the optionee is terminat</font><font style='font-family:Arial;font-size:10pt;' >ed, resigns or dies, as applicable, but in any case prior to the expiry of the option in accordance with its terms. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company uses the fair value based method to measure the compensation expense related to its stock-based compensation and recognizes th</font><font style='font-family:Arial;font-size:10pt;' >e expense over the vesting period on a straight-line basis.  The fair value of stock option awards granted was estimated on the date of grant using a Black-Scholes valuation model.  The expected term of the option awards is calculated based on historical e</font><font style='font-family:Arial;font-size:10pt;' >xercise behaviour and represents the period of time that options are expected to be outstanding.  The risk-free interest rate is based on the Bank of Canada </font><font style='font-family:Arial;font-size:10pt;' >five-year </font><font style='font-family:Arial;font-size:10pt;' >government bond yields.  The expected dividend yield incorporates current dividend rates </font><font style='font-family:Arial;font-size:10pt;' >as well as historical dividend increase patterns.  Emera&#8217;s expected stock price volatility was estimated using its </font><font style='font-family:Arial;font-size:10pt;' >five</font><font style='font-family:Arial;font-size:10pt;' >-year historical volatility.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The fol</font><font style='font-family:Arial;font-size:10pt;' >lowing table shows the weighted </font><font style='font-family:Arial;font-size:10pt;' >average fair values per stock option along with the assumptions in</font><font style='font-family:Arial;font-size:10pt;' >corporated into the valuation models for options granted:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the year ended December 31, </font></td><td colspan='3' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td colspan='3' rowspan='1' style='width:75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average fair value per option</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.80</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2.66</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Expected term</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >5 years</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >5 years</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Risk-free interest rate</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  0.66</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  0.73</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Expected dividend yield</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4.08</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  3.65</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Expected volatility</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  15.45</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >%</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  14.58</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >%</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following table summarizes information related to the stock options for </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' >:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td style='width:195pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:195pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:138.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:138.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total Options</font></td><td style='width:8.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:135pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:135pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Non-Vested Options</font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td></tr><tr style='height:22.5pt;' ><td style='width:195pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Number of Options</font></td><td colspan='2' rowspan='1' style='width:82.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:82.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >        Weighted average exercise price per share</font></td><td style='width:8.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Number of Options</font></td><td colspan='2' rowspan='1' style='width:71.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:71.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted average grant date fair-value</font></td></tr><tr style='height:10.5pt;' ><td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Outstanding as at December 31, 2015</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,927,068</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >33.07</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >1,453,486</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2.64</font></td></tr><tr style='height:10.5pt;' ><td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Granted </font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >615,100</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >46.19</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >615,100</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2.80</font></td></tr><tr style='height:10.5pt;' ><td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Exercised</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(622,168)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >25.65</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >N/A</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >N/A</font></td></tr><tr style='height:10.5pt;' ><td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Forfeited</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >-</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(548,461)</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2.68</font></td></tr><tr style='height:10.5pt;' ><td style='width:195pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Options outstanding December 31, 2016</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2,920,000</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >37.42</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1,520,125</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2.69</font></td></tr><tr style='height:10.5pt;' ><td style='width:195pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:195pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Options exercisable December 31, 2016 </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)(3)</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >1,399,875</font></td><td style='width:15pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:67.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:67.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >33.35</font></td><td style='width:8.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:8.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:477pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) As at December 31, 2016 there was $3 million of unrecognized compensation related to stock options not yet vested which is expected to be recognized over a weighted average period of approximately 2.4 years (2015 - $3 million, 2.3 years).</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:477pt;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2) As at December 31, 2016, the weighted average remaining term of vested options was 5.7 years with an aggregate intrinsic value of $17 million (2015 - 5.3 years, $21 million).</font></td></tr><tr style='height:10.5pt;' ><td colspan='8' rowspan='1' style='width:477pt;text-align:left;vertical-align:top;border-color:Black;min-width:477pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3) As at December 31, 2016 the fair value of options that vested in the year was $2 million (2015 - $1 million).</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Compensation cost recognized for stock options for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >2</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > million)</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >which </font><font style='font-family:Arial;font-size:10pt;' >is included in &#8220;Operating, maintenance and general&#8221;</font><font style='font-family:Arial;font-size:10pt;' > on the Consolidated Statements of Income.</font><font style='font-family:Arial;font-size:10pt;' >  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >As at December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >cash </font><font style='font-family:Arial;font-size:10pt;' >received from option exercises was $</font><font style='font-family:Arial;font-size:10pt;' >16</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; $</font><font style='font-family:Arial;font-size:10pt;' >2</font><font style='font-family:Arial;font-size:10pt;' > million). The total intrinsic value of options exercised for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >13</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >million).  The range of exercise prices for the options outst</font><font style='font-family:Arial;font-size:10pt;' >anding as at December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >20.42</font><font style='font-family:Arial;font-size:10pt;' > to $</font><font style='font-family:Arial;font-size:10pt;' >46.19</font><font style='font-family:Arial;font-size:10pt;' > (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; $</font><font style='font-family:Arial;font-size:10pt;' >19.88</font><font style='font-family:Arial;font-size:10pt;' > to $</font><font style='font-family:Arial;font-size:10pt;' >42.71</font><font style='font-family:Arial;font-size:10pt;' >).</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Share Unit Plans</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has deferred share unit (&#8220;DSU&#8221;) and performance share unit (&#8220;PSU&#8221;) plans.  The DSU and PSU liabilities are marked-to-market at the end of each period based on the common share price at the end of the period.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Deferred Share </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >Unit Plans </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Under the Directors&#8217; DSU plan, Directors of the Company may elect to receive all or any portion of their compensation in DSUs in lieu of cash compensation, subject to requirements to receive a minimum portion of their annual retainer in DSUs. </font><font style='font-family:Arial;font-size:10pt;' > Directors&#8217; fees are paid on a quarterly basis and, at the time of each payment of fees, the applicable amount is converted to DSUs.  A DSU has a value equal to one Emera common share.  When a dividend is paid on Emera&#8217;s common shares, referred to as the D</font><font style='font-family:Arial;font-size:10pt;' >ividend Reinvestment Plan (&#8220;DRIP&#8221;), the Director&#8217;s DSU account is credited with additional DSUs.  DSUs cannot be redeemed for cash until the Director retires, resigns or otherwise leaves the Board.  The cash redemption value of a DSU equals the market valu</font><font style='font-family:Arial;font-size:10pt;' >e of a common share at the time of redemption, pursuant to the plan. Following retirement or resignation from the board, the value of the DSUs credited to the participant&#8217;s account is calculated by multiplying the number of DSUs in the participant&#8217;s accoun</font><font style='font-family:Arial;font-size:10pt;' >t by the average of Emera&#8217;s stock closing price during the ten trading days ending on the tenth trading day prior to the payment date.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Under the executive and senior management DSU plan, each participant may elect to defer all or a percentage of their ann</font><font style='font-family:Arial;font-size:10pt;' >ual incentive award in the form of DSUs with the understanding, for participants who are subject to executive share ownership guidelines, a minimum of </font><font style='font-family:Arial;font-size:10pt;' >50</font><font style='font-family:Arial;font-size:10pt;' >% of the value of their actual annual incentive award (</font><font style='font-family:Arial;font-size:10pt;' >25</font><font style='font-family:Arial;font-size:10pt;' >% in the first year of the program) will be pa</font><font style='font-family:Arial;font-size:10pt;' >yable in DSUs until the applicable guidelines are met.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >When incentive awards are determined, the amount elected is converted to DSUs, which have a value equal to the market price of an Emera common share.  When a dividend is paid on Emera&#8217;s common shares,</font><font style='font-family:Arial;font-size:10pt;' > each participant&#8217;s DSU account is allocated additional DSUs equal in value to the dividends paid on an equivalent number of Emera common shares.  Following termination of employment or retirement, and by December 15 of the calendar year after termination </font><font style='font-family:Arial;font-size:10pt;' >or retirement, the value of the DSUs credited to the participant&#8217;s account is calculated by multiplying the number of DSUs in the participant&#8217;s account by the average of Emera&#8217;s stock closing price for the fifty trading days prior to a given calculation da</font><font style='font-family:Arial;font-size:10pt;' >te. Payments are usually made in cash.  At the sole discretion of the Management Resources and Compensation Committee (&#8220;MRCC&#8221;), payments may be made in the form of actual shares.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >In addition, special DSU awards may be made from time to time by the MRCC </font><font style='font-family:Arial;font-size:10pt;' >to selected executives and senior management to recognize singular achievements or to achieve certain corporate objectives.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >A summary of the activity related to employee and director DSUs for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > is presented in the followi</font><font style='font-family:Arial;font-size:10pt;' >ng table:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:42pt;' ><td style='width:236.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Employee DSU</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted Average Grant Date Fair Value</font></td><td style='width:52.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Director </font><font style='font-family:Arial;font-size:9pt;color:#000000;' >DSU</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted Average Grant Date Fair Value</font></td></tr><tr style='height:10.5pt;' ><td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Outstanding as at December 31, 2015</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >606,646</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >26.27</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >362,750</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >31.36</font></td></tr><tr style='height:10.5pt;' ><td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Granted including DRIP</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >74,855</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >37.60</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >69,429</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >43.67</font></td></tr><tr style='height:10.5pt;' ><td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Exercised</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(570)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >46.58</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(36,381)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >27.42</font></td></tr><tr style='height:10.5pt;' ><td style='width:236.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:236.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Outstanding and exercisable as at December 31, 2016</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >680,931</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >27.50</font></td><td style='width:52.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >395,798</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >33.88</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Compensation cost recognized for employee and director DSU for the year ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > was $</font><font style='font-family:Arial;font-size:10pt;' >8</font><font style='font-family:Arial;font-size:10pt;' > million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >8</font><font style='font-family:Arial;font-size:10pt;' > million).  Tax benefits related to this compensation cost for share units realized for the year ended </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > were $</font><font style='font-family:Arial;font-size:10pt;' >3</font><font style='font-family:Arial;font-size:10pt;' > million </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >&#8211; $</font><font style='font-family:Arial;font-size:10pt;' >3</font><font style='font-family:Arial;font-size:10pt;' > million); $nil was offset with regulatory assets and regulatory liabilities </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >1</font><font style='font-family:Arial;font-size:10pt;' > million)</font><font style='font-family:Arial;font-size:10pt;' >. </font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Performance Share Unit Plan </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Under the PSU plan, executive and senior employees are eligible for long-term incentives payable through the PSU plan.  PSUs are granted annually for three-year overlapping performance cycles.  PSUs are granted based on the </font><font style='font-family:Arial;font-size:10pt;' >average of Emera&#8217;s stock closing price for the fifty trading days prior to a given calculation date. Dividend equivalents are awarded and are used to purchase additional PSUs, also referred to as DRIP.  The PSU value varies according to the Emera common sh</font><font style='font-family:Arial;font-size:10pt;' >are market price and corporate performance.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >PSUs vest at the end of the three-year cycle and will be calculated and approved by the MRCC early in the following year.  The value of the payout considers actual service over the performance cycle and will be </font><font style='font-family:Arial;font-size:10pt;' >pro-rated in the case of retirement, disability or death.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >A summary of the activity related to</font><font style='font-family:Arial;font-size:10pt;' > employee PSUs for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > is presented in the following table:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:21pt;' ><td style='width:177.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:73.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:73.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Employee PSU</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Weighted Average Grant Date Fair Value</font></td><td style='width:18.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Aggregate intrinsic value</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Outstanding as at December 31, 2015</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >497,496</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >34.50</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >21.5</font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Granted including DRIP</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >280,950</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >40.60</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Exercised</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(208,999)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >34.39</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Forfeited</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(8,567)</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >37.54</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:177.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:177.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Outstanding as at December 31, 2016</font></td><td style='width:73.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:73.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >560,880</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:90pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >37.55</font></td><td style='width:18.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:18.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >25.5</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Compensation cost recognized for the PSU plan for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >was $</font><font style='font-family:Arial;font-size:10pt;' >11</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >10</font><font style='font-family:Arial;font-size:10pt;' > million). Tax benefits related to this compensation cost for share units realized for the year ended December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >were $</font><font style='font-family:Arial;font-size:10pt;' >4</font><font style='font-family:Arial;font-size:10pt;' > million (</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $</font><font style='font-family:Arial;font-size:10pt;' >3</font><font style='font-family:Arial;font-size:10pt;' > million).  </font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 40<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65895303&amp;loc=d3e17540-113929<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 505<br> -SubTopic 50<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68057994&amp;loc=d3e25284-112666<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 14)<br> -URI http://asc.fasb.org/extlink&amp;oid=27013229&amp;loc=d3e301413-122809<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5444-113901<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856209408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Variable Interest Entities<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_VariableInterestEntitiesAbstract', window );"><strong>Variable Interest Entities [Abstract]</strong></a></td>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_VariableInterestEntityDisclosureTextBlock', window );">VARIABLE INTEREST ENTITIES</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >33.  VARIABLE INTEREST ENTITIES</font></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company performs ongoing analysis to assess whether it holds any variable interest entities (&#8220;VIEs&#8221;).&#160; To identify potential VIEs, management reviews contracts under leases, long-term purchase power agreements, tolling contracts and jointly owned </font><font style='font-family:Arial;font-size:10pt;' >facilities.&#160; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >VIEs of which the Company is deemed the primary beneficiary must be consolidated.&#160; The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obl</font><font style='font-family:Arial;font-size:10pt;' >igation to absorb losses of the entity that could potentially be significant to the entity.&#160; In circumstances where Emera is not deemed the primary beneficiary, the VIE is accounted for using the equity method.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >For the years ended, December 31, </font><font style='font-family:Arial;font-size:10pt;' >2016</font><font style='font-family:Arial;font-size:10pt;' > an</font><font style='font-family:Arial;font-size:10pt;' >d </font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' >, the Company has identified the following material </font><font style='font-family:Arial;font-size:10pt;' >VIEs:</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera holds a variable interest in NSPML, a VIE for which it was determined that Emera is not the primary beneficiary since it does not have the controlling financial interest of NSPML.&#160; I</font><font style='font-family:Arial;font-size:10pt;' >n Q2 2014, when the critical milestones were achieved, Nalcor Energy was deemed the beneficiary of the asset for financial reporting purposes as they have authority over the majority of the direct activities that are expected to most significantly impact t</font><font style='font-family:Arial;font-size:10pt;' >he economic performance of the Maritime Link Project.&#160; Thus, Emera began recording the Maritime Link Project as an equity investment.&#160; </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >BLPC has established a Self-Insurance Fund primarily for the purpose of building a fund to cover risk against damage an</font><font style='font-family:Arial;font-size:10pt;' >d consequential loss to certain generating, transmission and distribution systems.&#160; ECI holds a variable interest in the SIF for which it was determined that ECI was the primary beneficiary and, accordingly, the SIF must be consolidated by ECI.&#160; In its det</font><font style='font-family:Arial;font-size:10pt;' >ermination that ECI controls the SIF, management considered that, in substance, the activities of the SIF are being conducted on behalf of ECI&#8217;s subsidiary BLPC and BLPC, alone, obtains the benefits from the SIF&#8217;s operations.&#160; Additionally, because ECI, th</font><font style='font-family:Arial;font-size:10pt;' >rough BLPC, has rights to all the benefits of the SIF, it is also exposed to the risks related to the activities of the SIF.</font><font style='font-family:Arial;font-size:10pt;' >  Any withdrawal of SIF fund assets by the Company would be subject to existing regulations.  Emera&#8217;s consolidated VIE in the SIF is</font><font style='font-family:Arial;font-size:10pt;' > recorded as an &#8220;Investment securities&#8221;, &#8220;Restricted cash&#8221; and &#8220;Regulatory liabilities&#8221;.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has identified certain long-term purchase power agreements that meet the definition of variable interests as the Company has to purchase all or a majority</font><font style='font-family:Arial;font-size:10pt;' > of the electricity generation at a fixed price.  However, it was determined that the Company was not the primary beneficiary since it lacked the power to direct the activities of the entity, including the ability to operate the generating facilities and m</font><font style='font-family:Arial;font-size:10pt;' >ake management decisions.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following table provides information about Emera&#8217;s portion of material unconsolidated VIEs:</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >As at</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >December 31, 2016</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:93.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:93.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31, 2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:259.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:259.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Maximum</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:60pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Maximum</font></td></tr><tr style='height:18.75pt;' ><td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:bottom;border-color:Black;min-width:259.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Total</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > assets</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > exposure </font><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >to loss</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Total </font><font style='font-family:Arial;font-size:9pt;color:#000000;' >assets</font></td><td colspan='2' rowspan='1' style='width:60pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > exposure to loss</font></td></tr><tr style='height:10.5pt;' ><td style='width:259.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Unconsolidated VIEs in which Emera has variable interests</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:259.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:259.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >NSPML (equity accounted)</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  315</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  577</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  188</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  1,007</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -URI http://asc.fasb.org/extlink&amp;oid=64801991&amp;loc=SL6759159-111685<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=64801991&amp;loc=d3e5728-111685<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=64801991&amp;loc=d3e5710-111685<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6951295824">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Comparative Information<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Reclassifications', window );">COMPARATIVE INFORMATION</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >34</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >COMPARATIVE INFORMATION</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >These financial statements contain certain reclassifications of prior period amounts to be consistent with the current period presentation, with no effect on net income.</font></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for classifying current financial statements, which may be different from classifications in the prior year's financial statements. Disclose any material changes in classification including an explanation of the reason for the change and the areas impacted.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6359566&amp;loc=d3e326-107755<br></p></div>
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<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >35.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >SUBSEQUENT EVENTS</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >These financial statements and notes reflect the Company&#8217;s evaluation of events occurring subsequent to the</font><font style='font-family:Arial;font-size:10pt;' > balance sheet date through February 10, 2017, the date the financial statements were issued. </font></p></div><span></span>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856127408">
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<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >36.</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >  </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >SUPPLEMENTAL FINANCIAL INFORMATION</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >On June 16, 2016, Emera US Finance LP, (in such capacity, the &#8220;Issuer&#8221;), issued $3.25 billion USD senior unsecured notes (&#8220;U.S. Notes&#8221;). The U.S Notes are fully and unconditionally guaranteed, on a joint and </font><font style='font-family:Arial;font-size:10pt;' >several basis, by Emera (in such capacity, the &#8220;Parent Company&#8221;) and EUSHI (in such capacity, the &#8220;Guarantor Subsidiaries&#8221;). Emera owns, directly or indirectly, all of the limited and general partnership interests in Emera US Finance LP.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The following </font><font style='font-family:Arial;font-size:10pt;' >con</font><font style='font-family:Arial;font-size:10pt;' >solidated</font><font style='font-family:Arial;font-size:10pt;' > financial statements present the results of operations, financial position and ca</font><font style='font-family:Arial;font-size:10pt;' >sh flows of the Parent Company</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >Subsidiary </font><font style='font-family:Arial;font-size:10pt;' >Issuer</font><font style='font-family:Arial;font-size:10pt;' >, Guarantor Subsidiaries and all other Non-guarantor Subsidiaries</font><font style='font-family:Arial;font-size:10pt;' > independently and on a consolidated basis. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Our </font><font style='font-family:Arial;font-size:10pt;' >guarantors were not determined using geographic, service line or other similar criteria, and as</font><font style='font-family:Arial;font-size:10pt;' > a result, the &#8220;Parent</font><font style='font-family:Arial;font-size:10pt;' >&#8221;, </font><font style='font-family:Arial;font-size:10pt;' >&#8220;Subsidiary Issuer&#8221;, </font><font style='font-family:Arial;font-size:10pt;' >&#8220;Gu</font><font style='font-family:Arial;font-size:10pt;' >arantor Subsidiaries</font><font style='font-family:Arial;font-size:10pt;' >&#8221; and &#8220;Non-guarantor Subsidiaries&#8221; columns each include portions of our domestic and interna</font><font style='font-family:Arial;font-size:10pt;' >tional operations. Accordingly, this basis of presentation is not intended to present our financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for guarantor </font><font style='font-family:Arial;font-size:10pt;' >reporting</font><font style='font-family:Arial;font-size:11pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Emera Incorporated</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Co</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >nsolidated Statements of Income</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >For the </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >year</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' > ended </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >December 31, 2016</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:172.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:44.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:63pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:63pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font 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style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:14.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >    Regulated electric</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,665</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,774</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (2)</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  3,437</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >    Regulated gas</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  451</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  48</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  499</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >    Non-regulated</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  378</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (4)</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (33)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  341</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >         Total operating revenues</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2,494</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,818</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (35)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4,277</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Operating expenses</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulated fuel for generation and purchased </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     power</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  560</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  662</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,222</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulated cost of natural gas</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  177</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  177</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulated fuel adjustment mechanism and </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     fixed cost deferrals</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  61</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  61</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Non-regulated fuel for generation and </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     purchased power</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  261</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  56</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (4)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  313</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Non-regulated direct costs</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  52</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (23)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  29</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Operating, maintenance and general</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  37</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  647</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  461</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (8)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,137</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Provincial, state and municipal taxes </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  152</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  43</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  195</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Depreciation and amortization</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  330</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  256</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  588</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total operating expenses</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  39</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2,127</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,591</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (35)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  3,722</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Income (loss) from operations</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (39)</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  367</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  227</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  555</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income (loss) from equity investments in subsidiaries</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  150</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (150)</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income from equity investments</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  18</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  82</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  100</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Intercompany income (expenses), net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  203</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  101</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (107)</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (151)</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (46)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Other income (expenses), net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  135</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  24</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  15</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  174</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Interest expense, net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  226</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  85</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  127</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  147</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  585</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Income (loss) before provision for income taxes</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  241</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  16</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  157</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  26</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (196)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  244</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income tax expense (recovery) </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (14)</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  7</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  48</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (63)</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (22)</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net income (loss)</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  255</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  109</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  89</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (196)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  266</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-controlling interest in subsidiaries</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  7</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  4</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  11</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net income (loss) of Emera Incorporated</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  255</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  109</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  82</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (200)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  255</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Preferred stock dividends</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  28</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  31</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  19</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (50)</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  28</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net income (loss) attributable to common shareholders</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  227</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  78</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  63</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (150)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  227</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Comprehensive income (loss) of Emera Incorporated</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  228</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  19</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  205</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  59</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (283)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  228</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Emera Incorporated</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Co</font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >nsolidated Statements of Income</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >For the year ended </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >December 31, 2015</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:middle;border-color:Black;min-width:172.5pt;' ><font style='font-family:Calibri;font-size:11pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:44.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:63pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:63pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Operating revenues</font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:14.25pt;text-align:right;vertical-align:top;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >    Regulated electric</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  283</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,860</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (2)</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  2,141</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >    Regulated gas</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  52</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  52</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >    Non-regulated</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  419</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  219</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (42)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  596</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >         Total operating revenues</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  702</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  2,131</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (44)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  2,789</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Operating expenses</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulated fuel for generation and purchased </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     power</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  70</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  745</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  815</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulated fuel adjustment mechanism and </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     fixed cost deferrals</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  42</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  42</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Non-regulated fuel for generation and </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     purchased power</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  277</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  64</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (5)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  336</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Non-regulated direct costs</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  49</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (30)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  19</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Operating, maintenance and general</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  54</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  148</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  472</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (8)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  666</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Provincial, state and municipal taxes </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  21</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  42</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  63</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Depreciation and amortization</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  79</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  260</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  340</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total operating expenses</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  55</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  595</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  1,674</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (43)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  2,281</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Income (loss) from operations</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (55)</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  107</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  457</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (1)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  508</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income (loss) from equity investments in subsidiaries</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  270</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (270)</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income from equity investments</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  37</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  5</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  66</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  108</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Intercompany income (expenses), net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  156</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  8</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (164)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Other income (expenses), net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  91</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  21</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  29</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  141</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Interest expense, net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  46</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  28</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  272</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (134)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  212</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Income (loss) before provision for income taxes</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  453</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  105</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  288</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (301)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  545</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Income tax expense (recovery) </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  25</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  35</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  33</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  93</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net income (loss)</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  428</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  70</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  255</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (301)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  452</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-controlling interest in subsidiaries</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  13</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  12</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  25</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net income (loss) of Emera Incorporated</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  428</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  70</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  242</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (313)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  427</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Preferred stock dividends</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  30</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  15</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  26</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (41)</font></td><td style='width:14.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  30</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net income (loss) attributable to common shareholders</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  398</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  55</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  216</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (272)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  397</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:2;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Comprehensive income (loss) of Emera Incorporated</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  911</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > - </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:44.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:44.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  303</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >  452</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' > (755)</font></td><td style='width:14.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:14.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  911</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Emera Incorporated</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Consolidated Balance Sheets </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >December 31, 2016</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Current assets</font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Cash and cash equivalents</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >200</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >28</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >48</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >128</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >404</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Restricted cash </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >86</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >87</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Receivables, net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >429</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >584</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,014</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany receivables</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >57</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >11</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >569</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(646)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Income taxes receivable </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >28</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >33</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Inventory </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >273</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >199</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >472</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >33</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >112</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(13)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >145</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory assets </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >54</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >26</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >80</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Prepayments and other current assets </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >44</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >230</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >276</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total current assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >273</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >37</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >898</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,962</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(659)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >2,511</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Property, plant and equipment, net of accumulated depreciation</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >14</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >12,724</font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,552</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >17,290</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Other assets</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Income taxes receivable </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >48</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >48</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Deferred income taxes </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >31</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >18</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >114</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(38)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >125</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments  </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >12</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >129</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(12)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >131</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Pension and post-retirement asset</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >9</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory assets </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >647</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >595</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,242</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net investment in direct financing lease </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >475</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >488</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Investments in subsidiaries accounted for </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     using the equity method </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >8,349</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(8,349)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Investments subject to significant influence </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >929</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >947</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Investment securities</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >48</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >48</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Goodwill </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6,110</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >103</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >6,213</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany notes receivable</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,341</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,558</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >16</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >589</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6,504)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other investments - intercompany</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,270</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2,270)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other long-term assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >33</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >85</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >70</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(19)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >169</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total other assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9,771</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,558</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6,904</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,379</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(17,192)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >9,420</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Total assets</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >10,058</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,595</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >20,526</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >11,893</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(17,851)</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >29,221</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Emera Incorporated </font></td></tr><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Consolidated Balance Sheets &#8211; Continued</font></td></tr><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >As at December 31, 2016</font></td></tr><tr style='height:13.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:6.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:9pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:55.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities and Equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Current liabilities</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Short-term debt </font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >948</font></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >961</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Current portion of long-term debt </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >436</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >40</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >476</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Accounts payable </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >756</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >480</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,242</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany payable </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >534</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >81</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >25</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(646)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Income taxes payable </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >19</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >14</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >10</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >314</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(13)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >325</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >225</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >137</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >362</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Pension and post-retirement liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >51</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >7</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >58</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other current liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >54</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >7</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >79</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >141</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >281</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >          </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total current liabilities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >608</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >19</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,586</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,170</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(659)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >3,724</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Long-term liabilities</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Long-term debt </font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,338</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,314</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,687</font></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,929</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >14,268</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany long-term debt</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >366</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,778</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,357</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6,501)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Deferred income taxes </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,193</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >516</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(38)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,672</font></td></tr><tr style='height:12pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Convertible debentures </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >8</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >8</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >12</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >150</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(12)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >150</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >973</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >304</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,277</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Asset retirement obligations </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >61</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >109</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >170</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Pension and post-retirement liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >17</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >433</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >219</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >669</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other long-term liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >213</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >268</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(19)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >467</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total long-term liabilities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,746</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,315</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >12,338</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,852</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6,570)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >18,681</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Equity</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Common stock</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,738</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >242</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,177</font></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3,997</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(8,416)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >4,738</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Cumulative preferred stock</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >709</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >620</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >271</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(891)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >709</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Contributed surplus</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >75</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >45</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >106</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(151)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >75</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Accumulated other comprehensive income </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     (loss) </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >106</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >10</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >340</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(191)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(159)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >106</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Retained earnings </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,076</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >420</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >610</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,039)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,076</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total Emera Incorporated equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6,704</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >261</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,602</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,793</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(10,656)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >6,704</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Non-controlling interest in subsidiaries </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >78</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >34</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >112</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6,704</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >261</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,602</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,871</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(10,622)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >6,816</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Total liabilities and equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >10,058</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,595</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >20,526</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >11,893</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(17,851)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >29,221</font></td></tr></table></div><p style='line-height:20pt;' /><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Emera Incorporated</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >Consolidated Balance Sheets </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;margin-left:0pt;' >As at </font><font style='font-family:Arial;font-size:12pt;font-weight:bold;' >December 31, 2015</font></p></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:37.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:43.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:6pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:56.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:47.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:47.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:60pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Current assets</font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:11.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:left;vertical-align:top;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:15pt;text-align:left;vertical-align:top;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Cash and cash equivalents</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >19</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,068</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,073</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Restricted cash </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >18</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >19</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Receivables, net </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >70</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >506</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >578</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany receivable</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >102</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >51</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >95</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(248)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Income taxes receivable </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >12</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Inventory </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >48</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >266</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >314</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >109</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >46</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >112</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(17)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >250</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory assets </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >17</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >77</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >94</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Prepayments and other current assets </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >243</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >256</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total current assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >222</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >265</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,388</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(279)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >2,596</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Property, plant and equipment, net of accumulated depreciation</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >15</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,035</font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,419</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >6,469</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Other assets</font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Income taxes receivable </font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >49</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >49</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Deferred income taxes </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >47</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >19</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(34)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >32</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments  </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >35</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >167</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(34)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >168</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Pension and post-retirement assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >9</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory assets </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >100</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >505</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >605</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net investment in direct financing lease </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >480</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >480</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Investments in subsidiaries accounted for </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     using the equity method </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6,042</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6,042)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Investments subject to significant influence </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >509</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >12</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >624</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,145</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Investment securities</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >116</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >116</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Goodwill </font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >158</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >106</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >264</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany notes receivable</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3,051</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,754</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5,805)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other investments - intercompany</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >98</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(98)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other long-term assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >16</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >77</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >106</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total other assets</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9,653</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >330</font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,004</font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(12,013)</font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >2,974</font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:11.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:15pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:172.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:172.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Total assets</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9,890</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,630</font></td><td style='width:11.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:11.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >11,811</font></td><td style='width:6pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(12,292)</font></td><td style='width:15pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:15pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >12,039</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Emera Incorporated </font></td></tr><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Consolidated Balance Sheets &#8211;  Continued</font></td></tr><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:495pt;text-align:left;vertical-align:top;border-color:Black;min-width:495pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >As at December 31, 2015</font></td></tr><tr style='height:13.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:center;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48pt;text-align:center;vertical-align:top;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:6.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:center;vertical-align:top;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:center;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:45pt;text-align:center;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:9pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:48pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:55.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:55.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:52.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:52.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Liabilities and Equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Current liabilities</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Short-term debt </font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >14</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >16</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >16</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Current portion of long-term debt </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >250</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >18</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >274</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Accounts payable </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >17</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >76</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >301</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >394</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Income taxes payable </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >8</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >8</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany payable </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >52</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >92</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >77</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(221)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >17</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >36</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >313</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(17)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >349</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >10</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >102</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >112</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Pension and post-retirement liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >7</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >7</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other current liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >51</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >24</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >132</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >207</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >          </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total current liabilities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >401</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >244</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >974</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(252)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,367</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Long-term liabilities</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Long-term debt </font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >464</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >389</font></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,882</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >3,735</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Intercompany long-term debt</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,631</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >120</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3,072</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5,823)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:12pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Deferred income taxes </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >343</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >450</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(34)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >762</font></td></tr><tr style='height:12pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Convertible debentures (represented by </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     installment receipts)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,139</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,458)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >681</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Derivative instruments </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >34</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >96</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(34)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >96</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Regulatory liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >12</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >341</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >353</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Asset retirement obligations </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >109</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >109</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Pension and post-retirement liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >13</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >93</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >197</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >303</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other long-term liabilities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >61</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >233</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >299</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total long-term liabilities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,289</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,018</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >5,922</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5,891)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >6,338</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Equity</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:6.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Common stock</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,157</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >312</font></td><td style='width:6.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3,829</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4,141)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >2,157</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Cumulative preferred stock</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >709</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >425</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >271</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(696)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >709</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Contributed surplus</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >29</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >45</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >133</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(178)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >29</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Accumulated other comprehensive income </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     (loss) </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >137</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >245</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(169)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(76)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >137</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Retained earnings </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,168</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >341</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >751</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,092)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,168</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total Emera Incorporated equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,200</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,368</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,815</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6,183)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >4,200</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Non-controlling interest in subsidiaries </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >100</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >34</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >134</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >          Total equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,200</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,368</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,915</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6,149)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >4,334</font></td></tr><tr style='height:10.5pt;' ><td style='width:192.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:192.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Total liabilities and equity</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9,890</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,630</font></td><td style='width:6.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:6.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:48.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:48.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >11,811</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(12,292)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >12,039</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Emera Incorporated</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:49.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:12pt;text-align:left;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Consolidated Statements of Cash Flows </font></td></tr><tr style='height:26.25pt;' ><td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >For the year ended December 31, 2016</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >                                                                                            </font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:54.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:54.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:57pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:57pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:60.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net cash provided by (used in) by operating activities</font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >265</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >29</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >481</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >107</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >171</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,053</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Investing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Acquisitions, net of cash acquired</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(8,409)</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(8,409)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Additions to property, plant and equipment</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(633)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(396)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(1,031)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net purchase of investments subject to </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     significant influence, inclusive of acquisition </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(276)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(276)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net proceeds on sale of investment subject to                 </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     significant influence and held-for-trading                 </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     common shares</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >665</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >665</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other intercompany investing activities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2,348)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4,416)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(18)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2,397)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9,179</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other investing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(42)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(12)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(54)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net cash provided by (used in) investing activities</font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,685)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4,416)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(9,102)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3,081)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9,179</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(9,105)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Financing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Change in short-term debt, net</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >122</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >14</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >118</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Proceeds from long-term debt, net of issuance </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,037</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,187</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,516</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >764</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(5,081)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >6,423</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Proceeds from convertible debentures </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     represented by instalment receipts, net </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     of issuance costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(44)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,457</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,413</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Retirement of long-term debt</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(250)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(36)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >19</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(273)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net borrowings (repayments) under committed </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     credit facilities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(210)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(99)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(315)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Issuance of common stock, net of issuance </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >354</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >242</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3,865</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >95</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4,202)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >354</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Issuance of preferred stock, net of issuance </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >195</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(195)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Dividends on common stock</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(221)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(254)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >254</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(221)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Dividends on preferred stock</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(28)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(31)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(18)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >49</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(28)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Dividends paid by subsidiaries to non-controlling </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     interest</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(5)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other financing activities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(18)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >185</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(185)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(18)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net cash provided by (used in) financing activities</font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,624</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4,429</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >8,643</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,088</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(9,336)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >7,448</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Effect of exchange rate changes on cash and cash equivalents</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >7</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(54)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(65)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net increase (decrease) in cash and cash equivalents</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >200</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >28</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >29</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(940)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >14</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(669)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Cash and cash equivalents, beginning of period</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >19</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,068</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,073</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Cash and cash equivalents, end of period</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >200</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >28</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >48</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >128</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >404</font></td></tr></table></div><p style='line-height:20pt;' /><div><table style='border-collapse:collapse;' ><tr style='height:13.5pt;' ><td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Emera Incorporated</font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:49.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:13.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:12pt;text-align:left;vertical-align:top;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:45pt;text-align:left;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:7.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:13.5pt;' ><td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >Consolidated Statements of Cash Flows </font></td></tr><tr style='height:26.25pt;' ><td colspan='13' rowspan='1' style='width:499.5pt;text-align:left;vertical-align:top;border-color:Black;min-width:499.5pt;' ><font style='font-family:Arial;font-size:12pt;font-weight:bold;color:#000000;' >For the year ended December 31, 2015</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >                                                                                            </font></td><td style='width:3.75pt;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:41.25pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Parent</font></td><td colspan='2' rowspan='2' style='width:45pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Subsidiary Issuer</font></td><td style='width:3.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='1' rowspan='2' style='width:49.5pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:54.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:54.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Non-guarantor Subsidiaries</font></td><td colspan='2' rowspan='2' style='width:57pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:57pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='2' style='width:60.75pt;text-align:center;vertical-align:bottom;border-color:Black;min-width:60.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Consolidated</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:center;vertical-align:bottom;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net cash provided by (used in) operating activities</font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >291</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >190</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >364</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(171)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >674</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Investing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Additions to property, plant and equipment</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(7)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(66)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(354)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(427)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net purchase of investments subject to </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     significant influence, inclusive of acquisition </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(132)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(136)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Proceeds on sale of investment subject to </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     significant influence</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >282</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >282</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other intercompany investing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2,453)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(29)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,482</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other investing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(751)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(10)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(413)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,331</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >157</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net cash provided by (used in) investing activities</font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3,212)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >203</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(928)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >3,813</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(124)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Financing activities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Change in short-term debt, net</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >4</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(262)</font></td><td style='width:12pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(262)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Proceeds from long-term debt, net of issuance </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >29</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,465</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,048)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >446</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Proceeds from convertible debentures </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     represented by instalment receipts, net </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     of issuance costs </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,138</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,457)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >681</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Retirement of long-term debt</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(420)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(372)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >702</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(90)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Net borrowings (repayments) under committed </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     credit facilities</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(39)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(9)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(153)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(201)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Issuance of common stock, net of issuance </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >9</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,390</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(2,390)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >9</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Issuance of preferred stock, net of issuance </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     costs</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >6</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(6)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >-</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Dividends on common stock</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(162)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(162)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >162</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(162)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Dividends on preferred stock</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(30)</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(15)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(25)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >40</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(30)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Dividends paid by subsidiaries to non-controlling </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >     interest</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(11)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(14)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Other financing activities </font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,001</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(11)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(55)</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1,091)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >(156)</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net cash provided by (used in) financing activities</font><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >2,921</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(426)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,372</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(3,646)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >221</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Effect of exchange rate changes on cash and cash equivalents</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >14</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >67</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >81</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >Net increase (decrease) in cash and cash equivalents</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(19)</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >875</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(4)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >852</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Cash and cash equivalents, beginning of period</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >38</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >193</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(10)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >221</font></td></tr><tr style='height:9.95pt;' ><td style='width:183.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:183.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Cash and cash equivalents, end of period</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >-</font></td><td style='width:3.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:3.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:49.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:49.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >19</font></td><td style='width:13.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:13.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >1,068</font></td><td style='width:12pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:12pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:45pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(14)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:53.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:53.25pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >1,073</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.7-05(c)(Schedule II))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879921&amp;loc=d3e569147-122900<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=68079674&amp;loc=d3e5283-111683<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 235<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.9-06)<br> -URI http://asc.fasb.org/extlink&amp;oid=6882215&amp;loc=d3e537971-122884<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 10<br> -Section S99<br> -Paragraph 6<br> -Subparagraph (SX 210.5-04(c)(Schedule I))<br> -URI http://asc.fasb.org/extlink&amp;oid=27047687&amp;loc=d3e5864-122674<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e24072-122690<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6953837632">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Summary of Significant Accounting Policies (Policies)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
</tr>
<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="text">&#160;<span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NatureOfOperations', window );">Nature of Operations [Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Nature of Operations</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera Incorporated</font><font style='font-family:Arial;font-size:10pt;' > (&#8220;Emera&#8221; or the &#8220;Company&#8221;)</font><font style='font-family:Arial;font-size:10pt;' > is an energy and services company which invests in electricity generation, transmission and distribution, gas transmission and utility energy services.  </font></p><p style='text-align:left;line-height:13.8pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s primary rate-regulated subsidiaries and investments at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >included the following: </font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Florida and New Mexico represents TECO Energy, Inc. (&#8220;TECO Energy&#8221;), a holding company with regulated electric and gas utilities in Florida and New </font><font style='font-family:Arial;font-size:10pt;' >Mexico, which was acquired on July 1, 2016. TECO Energy&#8217;s holdings includes: </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Tampa Electric Company (&#8220;TEC&#8221;), which holds the Tampa Electric Division (&#8220;Tampa Electric&#8221;), an integrated regulated electric utility, serving approximately </font><font style='font-family:Arial;font-size:10pt;' >736,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers in West Central Florida and Peoples Gas System Division, (&#8220;PGS&#8221;) a regulated gas distribution utility, serving approximately </font><font style='font-family:Arial;font-size:10pt;' >374,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers across Florida; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >New Mexico Gas Company, Inc. (&#8220;NMGC&#8221;), a regulated gas distribution </font><font style='font-family:Arial;font-size:10pt;' >utility, serving approximately </font><font style='font-family:Arial;font-size:10pt;' >522,000</font><font style='font-family:Arial;font-size:10pt;' > customers across New Mexico; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >TECO Finance, Inc. (&#8220;TECO Finance&#8221;), a wholly owned financing subsidiary of TECO Energy.</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Nova Scotia Power Inc. (&#8220;NSPI&#8221;), a fully integrated electric utility and the prima</font><font style='font-family:Arial;font-size:10pt;' >ry electricity supplier in Nova Scotia, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 511,000</font><font style='font-family:Arial;font-size:10pt;' > customers;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Maine provides electric transmission and distribution services to approximately</font><font style='font-family:Arial;font-size:10pt;' > 157,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers in the State of Maine in the United States</font><font style='font-family:Arial;font-size:10pt;' >; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera (Caribbean) Incorporated (&#8220;ECI&#8221;) </font><font style='font-family:Arial;font-size:10pt;' >100.0</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent interest (December 31, 2015 &#8211; 95.5 per cent) includes:</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >The Barbados Light &amp; Power Company Limited (&#8220;BLPC&#8221;), a vertically integrated utility and sole provider of electricity on the islan</font><font style='font-family:Arial;font-size:10pt;' >d of Barbados, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 126,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >50.0</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent direct and </font><font style='font-family:Arial;font-size:10pt;' >30.4</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent indirect interest (through a 60.7 per cent interest in ICD Utilities Limited (&#8220;ICDU&#8221;)) in Grand Ba</font><font style='font-family:Arial;font-size:10pt;' >hama Power Company Limited (&#8220;GBPC&#8221;), a vertically integrated utility and sole provider of electricity on Grand Bahama Island, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 19,000</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >customers; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >51.9</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent interest (December 31, 2015 &#8211;</font><font style='font-family:Arial;font-size:10pt;' > 49.6 per cent indirect interest) in Dominica Electricity Services Ltd. (&#8220;Domlec&#8221;), an integrated utility on the island of Dominica, serving approximately</font><font style='font-family:Arial;font-size:10pt;' > 36,000</font><font style='font-family:Arial;font-size:10pt;' > customers; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >19.1</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent indirect interest (December 31, </font><font style='font-family:Arial;font-size:10pt;' >2015 &#8211; 18.2 per cent indirect interest) in St. Lucia Electricity Services Limited (&#8220;Lucelec&#8221;), a vertically integrated regulated electric utility in St. Lucia; </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Brunswick Pipeline Company Limited (&#8220;Brunswick Pipeline&#8221;), a 145-kilometre pipeline deliv</font><font style='font-family:Arial;font-size:10pt;' >ering re-gasified liquefied natural gas from Saint John, New Brunswick to the United States border under a 25-year firm service agreement with Repsol Energy Canada (&#8220;REC&#8221;), which expires in 2034; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Newfoundland &amp; Labrador Holdings Inc. (&#8220;ENL&#8221;), focuse</font><font style='font-family:Arial;font-size:10pt;' >d on two transmission investments related to the development of an 824 megawatt (&#8220;MW&#8221;) hydroelectric generating </font><font style='font-family:Arial;font-size:10pt;' >facility at Muskrat Falls on the Lower Churchill River in Labrador, scheduled to be generating first power in 2019 and full power in 2020.  ENL&#8217;</font><font style='font-family:Arial;font-size:10pt;' >s two investments are:</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a 100 per cent investment in NSP Maritime Link Inc. (&#8220;NSPML&#8221;), which is developing the Maritime Link Project, a $1.56 billion transmission project, including two 170-kilometre sub-sea cables, connecting the island of Newfoundland and</font><font style='font-family:Arial;font-size:10pt;' > Nova Scotia.  This project is scheduled to be completed in Q4 2017 and then be in service by January 1, 2018;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >62.7</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent investment (December 31, 2015 &#8211; 55.1 per cent) in the partnership capital of Labrador-Island Link Limited Partners</font><font style='font-family:Arial;font-size:10pt;' >hip (&#8220;LIL&#8221;), a $3.4 billion electricity transmission project in Newfoundland and Labrador to enable the transmission of Muskrat Falls energy between Labrador and the island of Newfoundland.&#160; Emera&#8217;s percentage ownership in LIL &#8206;is subject to change, based </font><font style='font-family:Arial;font-size:10pt;' >on the balance of capital investments required from Emera and Nalcor Energy to complete construction of the LIL.  Emera&#8217;s ultimate percentage investment in LIL will be determined on completion of the LIL and final costing of all transmission projects relat</font><font style='font-family:Arial;font-size:10pt;' >ed to the Muskrat Falls development, including the LIL, Labrador Transmission Assets and Maritime Link Projects, such that Emera&#8217;s total investment in the Maritime Link and LIL will equal 49 per cent of the cost of all of these transmission developments.&#160; </font><font style='font-family:Arial;font-size:10pt;' >The investment in LIL is accounted for on the equity basis.&#160; Nalcor Energy has indicated that the project will be in service in Q2 2018.</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >a </font><font style='font-family:Arial;font-size:10pt;' >12.9</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >per cent interest in Maritimes &amp; Northeast Pipeline (&#8220;M&amp;NP&#8221;), a 1,400-kilometre pipeline, which t</font><font style='font-family:Arial;font-size:10pt;' >ransports natural gas from offshore Nova Scotia to markets in Atlantic Canada and the northeastern United States. </font></li></ul><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera also owns investments in other energy-related non-regulated companies, including: </font></p><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Energy, includes:</font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Energy Services (&#8220;EES&#8221;</font><font style='font-family:Arial;font-size:10pt;' >), a physical energy business that purchases and sells natural gas and electricity and provides related energy asset management services; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Bridgeport Energy, Tiverton Power and Rumford Power (&#8220;New England Gas Generating Facilities&#8221; (&#8220;NEGG&#8221;)), a 1,115 MW of</font><font style='font-family:Arial;font-size:10pt;' > combined-cycle gas-fired electricity generating capacity in the northeastern United States;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Bayside Power Limited Partnership (&#8220;Bayside Power&#8221;), a 290 MW gas-fired combined cycle power plant in Saint John, New Brunswick; </font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Brooklyn Power Corporation (&#8220;Broo</font><font style='font-family:Arial;font-size:10pt;' >klyn Energy&#8221;), a 30 MW biomass co-generation electricity facility in Brooklyn, Nova Scotia.&#160; Brooklyn Energy has a long-term purchase power agreement with NSPI;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >a 50.0 per cent joint venture interest in Bear Swamp Power Company LLC (&#8220;Bear Swamp&#8221;), a 600 MW</font><font style='font-family:Arial;font-size:10pt;' > pumped storage hydroelectric facility in northern Massachusetts. </font></li></ul><ul style='margin-top:0pt;' ><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Reinsurance Limited, a captive insurance company providing insurance and reinsurance to Emera and certain affiliates, to enable more cost efficient management of risk and deductible l</font><font style='font-family:Arial;font-size:10pt;' >evels across Emera;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera US Finance LP, a wholly owned financing subsidiary of Emera that issued multiple series of United States dollar denominated senior, unsecured notes for the purpose funding the acquisition of TECO Energy;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera US Holdings Inc. (&#8220;E</font><font style='font-family:Arial;font-size:10pt;' >USHI&#8221;), a wholly owned holding company for certain of Emera&#8217;s assets located in the United States;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >Emera Utility Services Inc., a utility services contractor primarily operating in Atlantic Canada;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:0pt;' ><font style='font-family:Arial;font-size:10pt;' >On December 8, 2016, Emera sold the Company&#8217;s remaining 4.</font><font style='font-family:Arial;font-size:10pt;' >7 per cent (December 31, 2015 &#8211; 19.6 per cent) investment in Algonquin Power &amp; Utilities Corp. (&#8220;APUC&#8221;), a public company traded on the Toronto Stock Exchange under the symbol &#8220;AQN&#8221;;</font></li><li style='list-style:disc;text-align:left;margin-top:0pt;margin-bottom:10pt;' ><font style='font-family:Arial;font-size:10pt;' >and other investments.</font></li></ul></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Accounting, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >These consolidated financial statements are prepared and presented in accordance with United States Generally Accepted Accounting Principles (&#8220;USGAAP&#8221;).  In the opinion of management, these consolidated financial statements include </font><font style='font-family:Arial;font-size:10pt;' >all adjustments that are of a recurring nature and necessary to fairly state the financial position of Emera</font><font style='font-family:Arial;font-size:10pt;' >. </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' > </font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >All dollar amounts are presented in Canadian dollars, unless otherwise indicated.</font></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationPolicyTextBlock', window );">Consolidation, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The consolidated financial statements of Emera include the accounts of Emera Incorporated, its majority-owned subsidiaries, and a variable interest entity </font><font style='font-family:Arial;font-size:10pt;' >(&#8220;VIE&#8221;) in which </font><font style='font-family:Arial;font-size:10pt;' >Emera is the primary beneficiary.  </font><font style='font-family:Arial;font-size:10pt;' >Emera uses the </font><font style='font-family:Arial;font-size:10pt;' >equity method of accounting to record investments in which the Company has the ability to exercise significant influence, and for variable interest entities in which Emera </font><font style='font-family:Arial;font-size:10pt;' >is not the primary beneficiary</font><font style='font-family:Arial;font-size:10pt;' >.  </font><font style='font-family:Arial;font-size:10pt;' >The consolidated financial statements include TECO </font><font style='font-family:Arial;font-size:10pt;' >Energy from the </font><font style='font-family:Arial;font-size:10pt;' >July 1, 2016 </font><font style='font-family:Arial;font-size:10pt;' >acquisition date through </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' >.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Inter-company balances and inter-company transactions have been eliminated on consolidation, except for the net profit on certain transactions between </font><font style='font-family:Arial;font-size:10pt;' >certain </font><font style='font-family:Arial;font-size:10pt;' >non-regulated and regulat</font><font style='font-family:Arial;font-size:10pt;' >ed entities in accordance with accounting standards for rate-regulated entities.  The net profit on these transactions, which would be eliminated in the absence of the accounting standards for rate-regulated entities, is recorded in non-regulated operating</font><font style='font-family:Arial;font-size:10pt;' > revenues</font><font style='font-family:Arial;font-size:10pt;' >.  An</font><font style='font-family:Arial;font-size:10pt;' > offset </font><font style='font-family:Arial;font-size:10pt;' >is recorded </font><font style='font-family:Arial;font-size:10pt;' >to property, plant and equipment, </font><font style='font-family:Arial;font-size:10pt;' >regulatory assets, </font><font style='font-family:Arial;font-size:10pt;' >regulated fuel for generation and purchased power, or operating, maintenance and general, depending on the nature of the transaction.</font></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_UseOfEstimates', window );">Use of Estimates, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The preparation of consolidated financial statements in accordance with USGAAP requires management to make estimates and assumptions.  These may </font><font style='font-family:Arial;font-size:10pt;' >affect the reported amounts of assets </font><font style='font-family:Arial;font-size:10pt;' >and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods.  Management evaluates the Company&#8217;s estimates on an ongoing basis based upon historical experience, current conditions </font><font style='font-family:Arial;font-size:10pt;' >and assumptions believed to be reasonable at the time the assumption is made, with any adjustments recognized in income in the year they arise.  Actual results may differ significantly from these estimates.</font></p></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_RegulatoryMattersPolicyPolicyTextBlock', window );">Regulatory Matters Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Regulatory accounting applies where rates are established by, or subject to approval by, an independent third party regulator.  They </font><font style='font-family:Arial;font-size:10pt;' >are designed to recover the costs of providing the regulated products or services; and it is reasonable to assume rates are set at levels such that the costs can be charged to and collected from customers (see n</font><font style='font-family:Arial;font-size:10pt;' >ote </font><font style='font-family:Arial;font-size:10pt;' >17</font><font style='font-family:Arial;font-size:10pt;' > for additi</font><font style='font-family:Arial;font-size:10pt;' >onal details).</font></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock', window );">Foreign Currency Transactions and Translations Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Monetary assets and liabilities, denominated in foreign currencies, are converted to Canadian dollars at</font><font style='font-family:Arial;font-size:10pt;' > the</font><font style='font-family:Arial;font-size:10pt;' > rates of exchange prevailing at the balance sheet date.  The resulting differences between the translation at the </font><font style='font-family:Arial;font-size:10pt;' >original transaction date and the balance sheet date are included in income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Assets and liabilities of self-sustaining foreign operations are translated using the exchange rates in effect at the balance sheet date and the results of operations at the aver</font><font style='font-family:Arial;font-size:10pt;' >age rates for the period.  The resulting exchange gains and losses on the assets and liabilities are deferred on the balance sheet in AOCI.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company designates certain United States dollar dominated debt held in Canadian functional currency companies a</font><font style='font-family:Arial;font-size:10pt;' >s hedges of net investments in United States dollar denominated foreign operations.  The change in </font><font style='font-family:Arial;font-size:10pt;' >the </font><font style='font-family:Arial;font-size:10pt;' >carrying amount of these investments, measured at the exchange rates in effect at the balance sheet date, and the effective portion of the hedge</font><font style='font-family:Arial;font-size:10pt;' >, </font><font style='font-family:Arial;font-size:10pt;' >is reco</font><font style='font-family:Arial;font-size:10pt;' >rded in Other Comprehensive Income (&#8220;OCI&#8221;).  Any ineffectiveness is reflected in current period earnings.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueRecognitionPolicyTextBlock', window );">Revenue Recognition, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Operating revenues are recognized when electricity or gas is delivered to customers or when products are delivered and services </font><font style='font-family:Arial;font-size:10pt;' >are rendered.  Regulated revenues are recognized on an accrual basis and include billed and unbilled revenues.  Revenues related to the sale of electricity or gas is recognized at rates approved by the respective regulator and recorded based on meter readi</font><font style='font-family:Arial;font-size:10pt;' >ngs and estimates, which occur on a systematic basis throughout a month.  At the end of each month, the electricity or gas delivered to customers, but not billed, is estimated and the corresponding unbilled revenue is recognized.  The accuracy of the unbil</font><font style='font-family:Arial;font-size:10pt;' >led revenue estimate is affected by energy demand, weather, line losses and changes in the composition of customer classes.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Non-regulated revenues are recorded when products have been delivered or services have been performed, the amount of revenue can be</font><font style='font-family:Arial;font-size:10pt;' > reliably measured and collectability is reasonably assured</font><font style='font-family:Arial;font-size:11pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:10pt;line-height:13.8pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Revenues for energy marketing and trading operations are presented on a net basis, reflecting the nature of the contractual relationships with customers and suppliers.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company records the ne</font><font style='font-family:Arial;font-size:10pt;' >t investment in a lease under the direct finance method for Emera Brunswick Pipeline, which consists of the sum of the minimum lease payments and residual value net of estimated executory costs and unearned income.</font><font style='font-family:Arial;font-size:10pt;' >&#160;</font><font style='font-family:Arial;font-size:10pt;' > The difference between the gross investm</font><font style='font-family:Arial;font-size:10pt;' >ent and the cost of the leased item for a direct financing lease is recorded as unearned income at the inception of the lease.  The unearned income is recognized in income over the life of the lease using a constant rate of interest equal to the internal r</font><font style='font-family:Arial;font-size:10pt;' >ate of return on the lease and is recorded as &#8220;Operating revenues &#8211; regulated gas&#8221; on the Consolidated Statements of Income.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Other revenues are recognized when services are performed or goods delivered. </font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy', window );">Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Stock-Based Compensation</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company has several stock-based compensation plans: a common share option plan for senior management; an employe</font><font style='font-family:Arial;font-size:10pt;' >e common share purchase plan; a deferred share unit (&#8220;DSU&#8221;) plan; and a performance share unit (&#8220;PSU&#8221;) plan.  The Company accounts for its plans in accordance with the fair value based method of accounting for stock-based compensation.  Stock-based compens</font><font style='font-family:Arial;font-size:10pt;' >ation cost is measured at the grant date, based on the calculated fair value of the award, and is recognized as an expense over the employee&#8217;s or director&#8217;s requisite service period using the graded vesting method.  Stock-based compensation plans recognize</font><font style='font-family:Arial;font-size:10pt;' >d as liabilities are measured at fair value and re-measured at fair value at each reporting date with the change in liability recognized in income.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementPlansPensionsPolicy', window );">Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Employee Benefits</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The costs of the Company&#8217;s pension and other post-retirement benefit programs for employ</font><font style='font-family:Arial;font-size:10pt;' >ees are expensed over the periods during which employees render service.  The Company recognizes the funded status of its defined-benefit and other post-retirement plans on the balance sheet and recognizes changes in funded status in the year the change oc</font><font style='font-family:Arial;font-size:10pt;' >curs.  The Company recognizes the unamortized gains and losses and past service costs in AOCI or regulatory assets</font></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPolicyTextBlock', window );">Cash and Cash Equivalents, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Cash equivalents consist of</font><font style='font-family:Arial;font-size:10pt;' > highly liquid short-term investments with original maturities of three months or less at acquisition.  Total short-term investments of $183 million have an effective interest rate of 0.6 per cent at </font><font style='font-family:Arial;font-size:10pt;' >December 31, 2016</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >(</font><font style='font-family:Arial;font-size:10pt;' >2015</font><font style='font-family:Arial;font-size:10pt;' > &#8211; $78 million with an effective i</font><font style='font-family:Arial;font-size:10pt;' >nterest rate of 0.6 per cent). </font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ReceivablesPolicyTextBlock', window );">Receivables, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Customer receivables are recorded at the invoiced amount and do not bear interest.  </font><font style='font-family:Arial;font-size:10pt;' >Standard payment terms for electricity and gas sales are approximately 30 days.  </font><font style='font-family:Arial;font-size:10pt;' >A late pa</font><font style='font-family:Arial;font-size:10pt;' >yment fee may be assessed on account balances after the due date. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company is exposed to credit risk with respect to amounts receivable from customers.  Credit risk assessments are conducted on all new customers and deposits are requested on any high risk accounts.  The Company also maintains provisions for potential </font><font style='font-family:Arial;font-size:10pt;' >credit losses, which are assessed on a regular basis.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Management estimates uncollectible accounts receivable after considering historical loss experience, customer deposits, current events and the characteristics of existing accounts.  Provisions for lo</font><font style='font-family:Arial;font-size:10pt;' >sses on receivables are expensed to maintain the allowance at a level considered adequate to cover expected losses.  Receivables are written off against the allowance when they are deemed uncollectible.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryPolicyTextBlock', window );">Inventory, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Fuel and materials inventories are valued</font><font style='font-family:Arial;font-size:10pt;' > using the</font><font style='font-family:Arial;font-size:10pt;' > weighted-average cost method. These inventories are carried at the lower of weighted-average cost or net realizable value, unless evidence indicates that the we</font><font style='font-family:Arial;font-size:10pt;' >ighted-average cost </font><font style='font-family:Arial;font-size:10pt;' >will be recovered in future customer rates. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emission credits </font><font style='font-family:Arial;font-size:10pt;' >inventory are measured using the first-in-first-out method.  Emission credits inventory is recognized in inventory when purc</font><font style='font-family:Arial;font-size:10pt;' >hased, or allocated by the respective government agency.</font></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentPolicyTextBlock', window );">Property, Plant and Equipment, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Property, plant and equipment are recorded at original cost, including allowance for funds used during construction (&#8220;AFUDC&#8221;) or capitalized interest, net of contributions received in aid of construction.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The cost of additions, including betterments and</font><font style='font-family:Arial;font-size:10pt;' > replacements of units of property, plant and equipment are included in &#8220;Property, plant and equipment&#8221;.  When units of regulated property, plant and equipment are replaced, renewed or retired, their cost plus removal or disposal costs, less salvage procee</font><font style='font-family:Arial;font-size:10pt;' >ds, is charged to accumulated depreciation, with no gain or loss reflected in income.  Where a disposition of non-regulated property, plant and equipment occurs, gains and losses are included in income as the dispositions occur.  </font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsIncludingIntangibleAssetsPolicyPolicyTextBlock', window );">Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Goodwill </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Goodwill </font><font style='font-family:Arial;font-size:10pt;' >is</font><font style='font-family:Arial;font-size:10pt;' > not amortized, but </font><font style='font-family:Arial;font-size:10pt;' >is</font><font style='font-family:Arial;font-size:10pt;' > subject to an annual impairment test.  Emera&#8217;s reporting units containing goodwill </font><font style='font-family:Arial;font-size:10pt;' >assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount </font><font style='font-family:Arial;font-size:10pt;' >during the fourth quarter of each year, and interim impairment tests are performed when impairment indicat</font><font style='font-family:Arial;font-size:10pt;' >ors are present.  </font><font style='font-family:Arial;font-size:10pt;' >If it is more likely than not that a reporting unit&#8217;s fair value is less than its carrying amount, the Company calculates the fair value of the reporting unit. </font><font style='font-family:Arial;font-size:10pt;' >The carrying amount of the reporting unit&#8217;s goodwill is considered not recover</font><font style='font-family:Arial;font-size:10pt;' >able if the carrying amount of the reporting unit as a whole exceeds the reporting unit&#8217;s fair value.  An impairment charge is recorded for any excess of the carrying value of the goodwill over the implied fair value.</font><font style='font-family:Arial;font-size:10pt;' >  See note</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >23</font><font style='font-family:Arial;font-size:10pt;' > for further detail</font><font style='font-family:Arial;font-size:10pt;' >.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >C</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >ost and Equity Method Investments</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The carrying value of investments accounted for under the cost and equity methods are assessed for impairment by comparing the fair values of these investments to their carrying values, if a fair value assessment was comp</font><font style='font-family:Arial;font-size:10pt;' >leted, or by reviewing for the presence of impairment indicators.  If an impairment exists and it is determined to be other-than-temporary, a charge is recognized </font><font style='font-family:Arial;font-size:10pt;' >in earnings </font><font style='font-family:Arial;font-size:10pt;' >equal to the amount the carrying value exceeds the investment&#8217;s fair value.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-style:italic;margin-left:0pt;' >Fina</font><font style='font-family:Arial;font-size:10pt;font-style:italic;' >ncial Assets</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company assesses at each balance sheet date whether there is objective evidence that a financial asset or a group of financial assets is impaired.  In the case of equity securities classified as available-for-sale, a</font><font style='font-family:Arial;font-size:10pt;' >n other than temporary</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >decline in the fair value of the security below its cost is considered as an indicator that the securities are impaired.  In the case of debt securities classified as available-for-sale, a breach of contract</font><font style='font-family:Arial;font-size:10pt;' >,</font><font style='font-family:Arial;font-size:10pt;' > such as default or delinquency in interest or </font><font style='font-family:Arial;font-size:10pt;' >principal payments, or evidence of significant financial difficulty of the issuer is considered an indicator of impairment.  If any such evidence exists for available-for-sale financial assets, the cumulative loss, measured as the difference between the ac</font><font style='font-family:Arial;font-size:10pt;' >quisition cost and the current fair value, less any impairment loss on that financial asset previously recognized in income, is removed from AOC</font><font style='font-family:Arial;font-size:10pt;' >I</font><font style='font-family:Arial;font-size:10pt;' > and recognized </font><font style='font-family:Arial;font-size:10pt;' >in</font><font style='font-family:Arial;font-size:10pt;' > the Consolidated Statements of Income. </font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxPolicyTextBlock', window );">Income Tax, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Income Taxes and Investment Tax Credits</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera recognizes deferred income tax assets and liabilities for the future tax consequences of events </font><font style='font-family:Arial;font-size:10pt;' >that have been included in the financial statements or income tax returns.  Deferred income tax assets and liabilities are determined based on the difference between the carrying value of assets and liabilities on the Consolidated Balance Sheets and their </font><font style='font-family:Arial;font-size:10pt;' >respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse.  Emera recognizes the effect of income tax positions only when it is more likely than not that they will be realized.  Management reviews </font><font style='font-family:Arial;font-size:10pt;' >all readily available current and historical information, including forward-looking information, and the likelihood that deferred tax assets will be recovered from future taxable income is assessed and assumptions about the expected timing of the reversal </font><font style='font-family:Arial;font-size:10pt;' >of deferred tax assets and liabilities are made.  If management subsequently determines that it is likely that some or all of a deferred income tax asset will not be realized, then a valuation allowance is recorded to report the balance at the amount expec</font><font style='font-family:Arial;font-size:10pt;' >ted to be realized. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Generally, investment tax credits are recorded as a reduction to income tax expense in the current or future periods to the extent that realization of such benefit is more likely than not.  Investment tax credits earned by TECO Energy</font><font style='font-family:Arial;font-size:10pt;' > and Emera Maine on regulated assets are deferred and amortized over the estimated service lives of the related properties, as required by state regulatory practices.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s rate-regulated subsidiaries recognize regulatory assets or liabilities where the</font><font style='font-family:Arial;font-size:10pt;' > deferred income taxes are expected to be recovered from or returned to customers in future rates, unless specifically directed by a regulator to flow deferred income taxes through earnings.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera classifies interest and penalties associated with unrecogn</font><font style='font-family:Arial;font-size:10pt;' >ized tax benefits as interest and operating expense, respectively.  </font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetRetirementObligationsPolicy', window );">Asset Retirement Obligations, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Asset Retirement Obligation</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >s</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >An ARO</font><font style='font-family:Arial;font-size:10pt;' > is recognized if a legal obligation exists in connection with the future disposal or removal costs resulting from the permanent retirement, abandonment or sale of a long-lived asset.  A legal obligation may exist under an existing or enacted law or statut</font><font style='font-family:Arial;font-size:10pt;' >e, written or oral contract, or by legal construction under the doctrine of promissory estoppel.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >An ARO represents the fair value of the estimated cash flows necessary to discharge the future obligation using the Company&#8217;s credit adjusted risk-free rate</font><font style='font-family:Arial;font-size:10pt;' >.  The amounts are reduced by actual expenditures incurred.  Estimated future cash flows are based on completed depreciation studies, remediation reports, prior experience, estimated useful lives and governmental regulatory requirements.  The present value</font><font style='font-family:Arial;font-size:10pt;' > of the liability is recorded and the carrying amount of the related long-lived asset is correspondingly increased.  The amount capitalized at inception is depreciated in the same manner as the related long-lived asset.  Over time, the liability is accrete</font><font style='font-family:Arial;font-size:10pt;' >d to its estimated future value.  Accretion expense is included as part of &#8220;Depreciation and amortization&#8221;.  Any </font><font style='font-family:Arial;font-size:10pt;' >regulated </font><font style='font-family:Arial;font-size:10pt;' >accretion expense not yet approved by the regulator is deferred to a regulatory asset in &#8220;Property, plant and equipment&#8221; and included</font><font style='font-family:Arial;font-size:10pt;' > in the next depreciation study.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Some transmission and distribution assets may have conditional AROs, which are required to be estimated and recorded as a liability.  A conditional ARO refers to a legal obligation to perform an asset retirement activity i</font><font style='font-family:Arial;font-size:10pt;' >n which the timing and/or method of settlement are conditional on a future event that </font><font style='font-family:Arial;font-size:10pt;' >may or may not be within the control of the entity.  Management monitors these obligations and a liability is recognized at fair value when an amount can be determined.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DerivativesHedgeDiscontinuances', window );">Derivatives, Hedge Discontinuances [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Derivatives and Hedging Activities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera&#8217;s risk management policies and procedures provide a framework through which management monitors various risk exposures.  The risk management pol</font><font style='font-family:Arial;font-size:10pt;' >icies and practices are overseen by the Board of Directors.  The Company has established a number of processes and practices to identify, monitor, report on and mitigate material risks to the Company.  This includes establishment of the Enterprise Risk Man</font><font style='font-family:Arial;font-size:10pt;' >agement Committee, whose responsibilities include preparing and updating a &#8220;Risk Dashboard&#8221; for the Board of Directors on a quarterly basis.  Furthermore, a corporate team independent from operations is responsible for tracking and reporting on market and </font><font style='font-family:Arial;font-size:10pt;' >credit risks.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company manages its exposure to normal operating and market risks relating to commodity prices, foreign exchange and interest rates through contractual protections with counterparties where practicable, and by using financial instruments</font><font style='font-family:Arial;font-size:10pt;' > consisting mainly of foreign exchange forwards and swaps, interest rate options and swaps, and coal, oil and gas futures, options, forwards and swaps.  In addition, the Company has contracts for the physical purchase and sale of natural gas.  These physic</font><font style='font-family:Arial;font-size:10pt;' >al and financial contracts are classified as held-for-trading (&#8220;HFT&#8221;).  Collectively, these contracts are considered derivatives.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company recognizes the fair value of all its derivatives on its balance sheet, except for non-financial derivatives that </font><font style='font-family:Arial;font-size:10pt;' >meet the normal purchases and normal sales (&#8220;NPNS&#8221;) exception.  A physical contract generally qualifies for the NPNS exception if the transaction is reasonable in relation to the Company&#8217;s business needs, the counterparty owns or controls resources within </font><font style='font-family:Arial;font-size:10pt;' >the proximity to allow for physical delivery, the Company intends to receive physical delivery of the commodity, and the Company deems the counterparty creditworthy.  Emera continually assesses contracts designated under the NPNS exception and will discont</font><font style='font-family:Arial;font-size:10pt;' >inue the treatment of these contracts under this exemption where the criteria are no longer met. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives qualify for hedge accounting if they meet stringent documentation requirements, and can be proven to effectively hedge the identified risk both a</font><font style='font-family:Arial;font-size:10pt;' >t the inception and over the term of the instrument.  Specifically, for cash flow hedges, the effective portion of the change in the fair value of derivatives is deferred to AOCI and recognized in income in the same period the related hedged item is realiz</font><font style='font-family:Arial;font-size:10pt;' >ed.  Any ineffective portion of the change in the fair value of the cash flow hedges is recognized in net income in the reporting period.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Where the documentation or effectiveness requirements are not met, the derivatives are recognized at fair value, </font><font style='font-family:Arial;font-size:10pt;' >with any changes in fair value recognized in net income in the reporting period, unless deferred as a result of regulatory accounting.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives entered into by Tampa Electric, PGS, NMGC, NSPI and GBPC that are documented as economic hedges, and for whi</font><font style='font-family:Arial;font-size:10pt;' >ch the NPNS exception has not been taken, are subject to regulatory accounting treatment.&#160; These derivatives are recorded at fair value on the balance sheet as derivative assets or liabilities. The change in fair value of the derivatives is deferred to a r</font><font style='font-family:Arial;font-size:10pt;' >egulatory asset or liability.&#160; The gain or loss is recognized in the hedged item when the hedged item is settled.&#160; Management believes that any gains or losses resulting from settlement of these derivatives related to fuel for generation and purchased powe</font><font style='font-family:Arial;font-size:10pt;' >r will be refunded to or collected from customers in future rates.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives that do not meet any of the above criteria are designated as HFT derivatives and are recorded on the balance sheet at fair value, with changes normally recorded in net income o</font><font style='font-family:Arial;font-size:10pt;' >f the period, unless deferred as a result of regulatory accounting.  The Company has not elected to designate any derivatives to be included in the HFT category where another accounting treatment would apply.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Emera classifies gains and losses on derivativ</font><font style='font-family:Arial;font-size:10pt;' >es as a component of fuel for generation and purchased power, other expenses, inventory and property, plant and equipment, depending on the nature of the item being economically hedged.  Transportation capacity arising as a result of</font><font style='font-family:Arial;font-size:10pt;' > marketing and trading </font><font style='font-family:Arial;font-size:10pt;' >transactions is recognized as an asset in &#8220;Other&#8221; and amortized over the period of the transportation contract term.  Cash flows from derivative activities are presented in the same category as the item being </font><font style='font-family:Arial;font-size:10pt;' >hedged within operating or investing activities</font><font style='font-family:Arial;font-size:10pt;' > on the Consolidated Statements of Cash Flows.  Non-hedged derivatives are included in operating cash flows on the Consolidated Statements of Cash Flows.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Derivatives, as reflected on the Consolidated Balance Sheets, are not offset by the fair value amount</font><font style='font-family:Arial;font-size:10pt;' >s of cash collateral with the same counterparty.  Rights to reclaim cash collateral are recognized in &#8220;Receivables, net&#8221; and obligations to return cash collateral are recognized in &#8220;Accounts payable&#8221;.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ConsolidationVariableInterestEntityPolicy', window );">Consolidation, Variable Interest Entity, Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Variable Interest Entities</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >The Company performs ongoing analysis to assess whether it holds any VIEs.  </font><font style='font-family:Arial;font-size:10pt;' >To identify potential VIEs, management reviews contracts under leases, long-term purchase power agreements, tolling contracts and jointly</font><font style='font-family:Arial;font-size:10pt;' > </font><font style='font-family:Arial;font-size:10pt;' >owned facili</font><font style='font-family:Arial;font-size:10pt;' >ties.  </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >VIEs of which the Company is deemed the primary beneficiary must be consolidated.  The primary beneficiary of a VIE has both the power to direct the activities of the entity that most significantly impact its economic performance and the obligatio</font><font style='font-family:Arial;font-size:10pt;' >n to absorb losses </font><font style='font-family:Arial;font-size:10pt;' >or the right to receive benefits </font><font style='font-family:Arial;font-size:10pt;' >of the entity that could potentially be significant to the entity.  In circumstances where Emera is not deemed the primary bene</font><font style='font-family:Arial;font-size:10pt;' >ficiary, the VIE is not consolidated</font><font style='font-family:Arial;font-size:10pt;' > in the Company&#8217;s consolidated financial </font><font style='font-family:Arial;font-size:10pt;' >statements.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_ema_FranchiseFeesGrossReceiptsPolicyPolicyTextBlock', window );">Franchise Fees Gross Receipts Policy [Policy Text Block]</a></td>
<td class="text"><div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >Franchise Fees and Gross Receipts</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >Tampa Electric and PGS are allowed to recover from customers certain costs incurred, on a dollar-for-dollar basis, through prices approved by the Florida Public Service Commission (&#8220;FPSC&#8221;). The amounts includ</font><font style='font-family:Arial;font-size:10pt;' >ed in customers&#8217; bills for franchise fees and gross receipt taxes are included as revenues in the Consolidated Statements of Income.  Franchise fees and gross receipt taxes payable by Tampa Electric and PGS are included as an expense on the Consolidated St</font><font style='font-family:Arial;font-size:10pt;' >atements of Income in &#8220;Provincial, state and municipal taxes&#8221;.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;margin-left:0pt;' >NMGC is an agent in the collection and payment of franchise fees and gross receipt taxes and is not required by a tariff to present the amounts on a gross basis.  Therefore, NMGC&#8217;s franchise </font><font style='font-family:Arial;font-size:10pt;' >fees and gross receipt taxes are presented net with no line item impact on the Consolidated Statement of Income.</font></p><p style='text-align:left;line-height:12pt;' ></p></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for franchise fees and gross receipts</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for accounting for regulatory matters for public utilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- References</a><div><p>No definition available.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for determining amounts to accrue and charge against earnings so as to satisfy legal obligations associated with the retirement (through sale, abandonment, recycling, or disposal in some other manner) of a tangible long-lived asset that result from the acquisition, construction, or development and (or) the normal operation of a long-lived asset. This accounting policy disclosure excludes obligations arising 1) in connection with leased property, whether imposed by a lease agreement or by a party other than the lessor, that meet the definition of either minimum lease payments or contingent rentals; 2) solely from a plan to sell or otherwise dispose of a long-lived asset and 3) from certain environmental remediation liabilities.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 410<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6392692&amp;loc=d3e7535-110849<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 305<br> -SubTopic 10<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6375392&amp;loc=d3e26790-107797<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6367179&amp;loc=d3e4273-108586<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash<br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Glossary Cash Equivalents<br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_CashAndCashEquivalentsPolicyTextBlock</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting.  The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=64809438&amp;loc=d3e5614-111684<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.3A-03)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355100-122828<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SX 210.3A-02)<br> -URI http://asc.fasb.org/extlink&amp;oid=27015204&amp;loc=d3e355033-122828<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationPolicyTextBlock</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for consolidation to describe the significant judgments and assumptions made in determining whether a variable interest held by the entity requires the variable interest entity to be consolidated and (or) disclose information about its involvement with the variable interest entity; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; and the significant factors considered and judgments made in determining that the power to direct the activities that significantly impact the economic performance of the variable interest entity are shared (as defined).</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=64801991&amp;loc=SL6759159-111685<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=64801991&amp;loc=d3e5728-111685<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 810<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2AA<br> -Subparagraph a<br> -URI http://asc.fasb.org/extlink&amp;oid=64801991&amp;loc=SL6759068-111685<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ConsolidationVariableInterestEntityPolicy</td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for hedge discontinuances caused by termination of the hedging instrument, sale, extinguishment or maturity of the hedged item, or an assessment that it is no longer probable that an anticipated transaction will occur.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08.(n)(5),(6))<br> -URI http://asc.fasb.org/extlink&amp;oid=26873400&amp;loc=d3e23780-122690<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_DerivativesHedgeDiscontinuances</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450520&amp;loc=d3e32583-110901<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 830<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6450222&amp;loc=d3e30840-110895<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the impairment and disposal of long-lived assets including goodwill and other intangible assets.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxPolicyTextBlock">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 19<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32840-109319<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 05<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65884525&amp;loc=d3e40913-109327<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 954<br> -SubTopic 740<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6491622&amp;loc=d3e9504-115650<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=65882285&amp;loc=d3e32809-109319<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 25<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e32247-109318<br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -URI http://asc.fasb.org/extlink&amp;oid=75116654&amp;loc=d3e32280-109318<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_IncomeTaxPolicyTextBlock</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<td><strong> Balance Type:</strong></td>
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</table>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=66092785&amp;loc=d3e4492-108314<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.6(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 330<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=66092785&amp;loc=d3e4556-108314<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br></p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NatureOfOperations">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=64851502&amp;loc=d3e6003-108592<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2A<br> -URI http://asc.fasb.org/extlink&amp;oid=64851502&amp;loc=SL51803626-108592<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for pension plans. This accounting policy may address (1) the types of plans sponsored by the entity (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=65890831&amp;loc=d3e10133-111534<br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-03(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 310<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=66008989&amp;loc=d3e4975-111524<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18823-107790<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 605<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 13.B.Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=65893310&amp;loc=d3e214044-122780<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18726-107790<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 235<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=68058157&amp;loc=d3e18780-107790<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (b),(f)<br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=64851502&amp;loc=d3e6061-108592<br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=64851502&amp;loc=d3e6143-108592<br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 275<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=64851502&amp;loc=d3e6132-108592<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6855863088">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisition (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:15pt;' ><td colspan='3' rowspan='1' style='width:468.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Purchase Consideration</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >8,447</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair value assigned to net assets:</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current assets </font><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >619</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory assets (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >624</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Property, plant and equipment, net</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >10,023</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other long-term assets</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >71</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Current liabilities</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(747)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Assumed long-term debt (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(5,409)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Regulatory liabilities (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(1,117)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Deferred income taxes </font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(800)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pension and post-retirement liabilities (including current portion)</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(480)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other long-term liabilities</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >(146)</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,638</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Cash and cash equivalents</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >38</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Fair value of net assets acquired</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2,676</font></td></tr><tr style='height:10.5pt;' ><td style='width:403.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:403.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Goodwill</font></td><td style='width:9pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:9pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >5,771</font></td></tr><tr style='height:10.5pt;' ><td colspan='3' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >(1) Includes accounts receivables with fair value of $334 million comprised of gross contract value of $337 million, and $3 million of contractual receivables not expected to be collected. </font></td></tr></table></div><span></span>
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<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationSegmentAllocationTableTextBlock', window );">Business Combination, Segment Allocation [Table Text Block]</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td colspan='5' rowspan='1' style='width:468.75pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' >Goodwill has been preliminarily allocated to the TECO Energy reporting units and is subject to change as additional information is obtained through the purchase price allocation process. </font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:90pt;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;text-align:right;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Reporting Unit</font></td><td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:90pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:90pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Goodwill</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Tampa Electric</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  4,552</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >PGS</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  744</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >New Mexico Gas </font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  475</font></td></tr><tr style='height:10.5pt;' ><td style='width:288.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:middle;border-color:Black;min-width:288.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >Goodwill</font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:26.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:26.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:63.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:middle;border-color:Black;min-width:63.75pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  5,771</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationSeparatelyRecognizedTransactionsTableTextBlock', window );">Business Combination, Separately Recognized Transactions [Table Text Block]</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:311.25pt;text-align:left;vertical-align:middle;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:10pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:37.5pt;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:120pt;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:120pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:120pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Operating revenues &#8211; regulated gas</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (10)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Operating, maintenance, and general</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  89</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  52</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Interest expense, net</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  148</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  24</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Other income (expenses), net </font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (3)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > - </font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Income tax expense (recovery)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' > (84)</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' > (23)</font></td></tr><tr style='height:10.5pt;' ><td style='width:311.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:left;vertical-align:top;border-color:Black;min-width:311.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Acquisition related costs</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  166</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:41.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:2;text-align:right;vertical-align:top;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  53</font></td></tr></table></div><span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionProFormaInformationTextBlock', window );">Business Acquisition, Pro Forma Information [Table Text Block]</a></td>
<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:281.25pt;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >For the</font></td><td style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td colspan='3' rowspan='1' style='width:150pt;text-align:right;vertical-align:top;border-color:Black;min-width:150pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Year ended</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='4' rowspan='1' style='width:187.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:187.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >December 31</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >2016</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' ></font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >2015</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pro forma operating revenues</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  6,034</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  6,297</font></td></tr><tr style='height:10.5pt;' ><td style='width:281.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:281.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >Pro forma net income attributable to common shareholders</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;font-weight:bold;color:#000000;' >  386</font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >$</font></td><td style='width:56.25pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:9pt;color:#000000;' >  584</font></td></tr></table></div><span></span>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(2)-(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1392-128463<br></p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of goodwill in a business combination.</p></div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination.</p></div>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=65885119&amp;loc=d3e1392-128463<br></p></div>
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<span style="display: none;">v3.7.0.1</span><table class="report" border="0" cellspacing="2" id="idp6856209408">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Segment Information (Tables)<br></strong></div></th>
<th class="th" colspan="1">12 Months Ended</th>
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<tr><th class="th"><div>Dec. 31, 2016</div></th></tr>
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<td class="text"><div><table style='border-collapse:collapse;' ><tr style='height:10.5pt;' ><td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera Florida</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Corporate </font></td><td colspan='2' rowspan='1' style='width:54pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Inter-</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:56.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >and New</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td colspan='2' rowspan='1' style='width:37.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera</font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera</font></td><td colspan='2' rowspan='1' style='width:41.25pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Emera </font></td><td colspan='2' rowspan='1' style='width:45pt;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >and   </font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Calibri;font-size:8pt;color:#000000;' ></font></td><td style='width:46.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >segment</font></td><td style='width:7.5pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;text-align:right;vertical-align:bottom;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:bottom;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >millions of Canadian dollars</font></td><td colspan='2' rowspan='1' style='width:56.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:56.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Mexico (2)</font></td><td colspan='2' rowspan='1' style='width:43.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:43.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >NSPI</font></td><td colspan='2' rowspan='1' style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Maine</font></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Caribbean</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Energy</font></td><td colspan='2' rowspan='1' style='width:45pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:45pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Other</font></td><td colspan='2' rowspan='1' style='width:54pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:54pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Eliminations</font></td><td colspan='2' rowspan='1' style='width:41.25pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:bottom;border-color:Black;min-width:41.25pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Total</font></td></tr><tr style='height:10.5pt;' ><td colspan='17' rowspan='1' style='width:468.75pt;border-top-style:solid;border-top-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:468.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >For the year ended December 31, 2016 </font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Operating revenues from external customers (1)</font></td><td style='width:22.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,839</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >$</font></td><td style='width:36pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,356</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:30pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  297</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  419</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  298</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:37.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  69</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:46.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (2)</font></td><td style='width:7.5pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >$</font></td><td style='width:33.75pt;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4,276</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Inter-segment revenues (1)</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  11</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  24</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (34)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >     Total operating revenues</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,839</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1,356</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  297</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  419</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  309</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  93</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > (36)</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  4,277</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Allowance for funds used during construction - debt and equity</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  28</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  6</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  1</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  35</font></td></tr><tr style='height:21pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Regulated fuel and fixed cost deferral adjustments</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:36pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:36pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  61</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:30pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:30pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:37.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:37.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:46.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:46.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' > - </font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  61</font></td></tr><tr style='height:10.5pt;' ><td style='width:105pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:left;vertical-align:top;border-color:Black;min-width:105pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' >Depreciation and amortization</font></td><td style='width:22.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:22.5pt;' ><font style='font-family:Arial;font-size:8pt;color:#000000;' ></font></td><td style='width:33.75pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:33.75pt;' ><font style='font-family:Arial;font-size:8pt;font-weight:bold;color:#000000;' >  243</font></td><td style='width:7.5pt;border-top-style:solid;border-top-width:1;border-bottom-style:solid;border-bottom-width:1;text-align:right;vertical-align:top;border-color:Black;min-width:7.5pt;